News

Don’t cry for Aberdeen Asset Management but Argentina’s currency issues sent it falling yesterday.

Goldman bounce back to land global M&A crown

After a year to forget for its publicity department, business is as brisk as ever at Goldman Sachs which was set to finish 2010 as the top global adviser on takeover deals.

Market Report: Miners among sectors down as blue chips suffer

In a tough day for the blue-chip index, Standard Life found itself among the major fallers as only seven companies on the FTSE 100 managed to post a gain.

Former Emap boss hired as chairman of Aldermore

Aldermore, one of a bevy of new banking groups in Britain, yesterday signalled its intent by appointing former Emap group managing director Sir David Arculus as its new chairman.

Morgan battered by loss on casino

Morgan Stanley slumped to a surprising third-quarter loss yesterday, thanks in part to writedowns on the stalled Revel Casino project in Atlantic City, New Jersey.

Accident Exchange to delist shares after refinancing in effort to cut debt by £63m

The Accident Exchange, the troubled provider of courtesy cars to crash victims, is heading for a future as a private company after announcing plans yesterday to delist its shares as part of a refinancing deal with its bankers.

Can insurers cope with a perfect storm?

They've had it easy in recent years but the salad days are over, says Nick Clark

Minerva plans defence against rebel investor

Minerva called an emergency shareholder meeting yesterday as it tried to stave off efforts by its biggest investor to oust the chief executive and chairman. It said the challenge was a smokescreen concealing an attempt to gain control of the property group.

Reforms spur Wall Street shake-up

US financial reforms are forcing a rethink at Wall Street's biggest banks, with Goldman Sachs and Morgan Stanley expected to shake up their businesses in light of the bill which was signed in law by President Barack Obama last month.

Huang tight-lipped on Liverpool takeover reports

Prospective new Liverpool owner Kenny Huang has refused to comment on claims his buy-out is backed by the Chinese government.

Morgan Stanley's earnings hit $1.6bn

Morgan Stanley bested its arch-rival Goldman Sachs in the past three months, better weathering the tough trading environment and recording higher profits across the company.

Market Report: Morgan Stanley adds to retailers' VAT problems

Retailers reacted with dismay to the VAT increase announced by the Chancellor's in Tuesday's emergency Budget. They felt further pain on the market yesterday as Morgan Stanley said investors should head for the exits.

Market Report: Bargain hunters keep Anglo on firm footing

Parts of the mining sector stood firm last night, with bargain hunters helping Anglo American and Xstrata avoid another market sell-off.

Waiting game finally pays off for Morgan Stanley

Morgan Stanley recorded soaraway profits from its trading desks in the first three months of this year, meaning even one of the more cautious investment banks has restored its fortunes after the credit crisis.

US Treasury to offload $32bn Citigroup stake

The US government's $32bn stake in the banking giant Citigroup is back on the block and will be sold into the market over the course of this year, the Treasury Department declared yesterday.

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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
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Prague, Budapest and Vienna
Lake Garda
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Prices correct as of 17 April 2015
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