UK-based life insurance group Resolution is, reportedly, negotiating with prospective buyers to divest its Luxembourg-based Lombard division, which markets tax-efficient insurance products to high net-worth individuals. The business that ...
Tags: Life Group, Insurance Business
Cisco Systems stunned Wall Street on Wednesday with a gloomy financial forecast it blamed on falling demand in developing countries and transitions in some of its product lines. The networking giant expects its revenue this quarter to ...
CBPE Capital (“CBPE”) is pleased to announce an investment in Allied Glass Containers (“Allied”), the leading manufacturer of premium glass bottles and containers for the food and drink market. Terms of the ...
Tags: CBPE, glass, Allied, manufacturer
Packaging materials supplier Sealed Air has signed a definitive agreement for the sale of its rigid medical packaging business to Mason Wells Buyout Fund III, a private equity firm, for $125m. Sealed Air's rigid medical packaging business ...
Tags: Sealed Air, Medical Packaging
Karro Food, a UK-based pork processor, has ceased its slaughter and butchery operations at its Wiveliscombe site in Somerset, putting 93 jobs at risk. The move follows an extensive review of the company's operations with staff and trade ...
Tags: Karro Food, pork processor
Canada will continue to welcome Chinese investment and has taken concrete steps to facilitate capital inflow to further strengthen economic interdependence with China, Canadian Governor General David Johnston said on Saturday. A ...
Tags: Chinese Investment
Pork Farms owner Vision Capital is fishing for prospective buyers for the chilled savoury pastry manufacturer, FoodManufacture.co.uk can exclusively reveal. Pork Farms makes chilled savoury pastry products The private equity firm, with ...
Tags: Agriculture, Food, Pork
Almost half of China’s population surfs the internet on a daily basis. Many users are drawn by the contact with other people: Students and white collar workers get to rub shoulders with CEOs and film stars. Interaction drives ...
Tags: Wechat, Careless Talk
Hong Kong has had enough of mainland mothers emptying the region's shelves of imported baby formula. The government there will fine people up to US$64,000 and potentially throw them in jail for up to two years if they're caught carrying too ...
Tags: Foreign Dairy, baby formula
A consortium led by Canada’s Fairfax Financial Holdings has offered to acquire struggling smartphone maker BlackBerry. The proposed deal, which is supported by BlackBerry’s board of directors, values the company at US$4.7 ...
Tags: Blackberry, Electronics
Nokia was examining a switch from Microsoft to Google's Android operating system before it was bought out by the software giant, according to those close to the matter. The New York Times reports that, even while Nokia and Microsoft were ...
Tags: Nokia, Android, Computer Products
The transaction will end the PC maker’s 25-year stint as public company Share holders of Dell have approved chairman and CEO Michael Dell's $24.9bn buy out offer, in partnership with investment firm Silver Lake Partners, as part of ...
Michael Dell has won the battle to take the company he founded in 1984 private after shareholders voted in favour of the deal on the table from Michael Dell and private equity company Silver Lake. It means that the company will be taken ...
Tags: DELL, Computer Products
Dell founder Michael Dell and investor Silver Lake Management have had their proposed $24.9bn buyout of ailing PC maker Dell approved by holders of the voting shares. The buyout, which is the largest of its kind since 2007, has been ...
Tags: DELL, software, Computer Products
Fiat Group and Chrysler CEO Sergio Marchionne has been forced to pull out of his appearances at the Frankfurt motor show at the last minute, citing ‘unforseen commitments’. While it remains unknown exactly what sparked ...
Tags: Alfa Romeo, Chrysler