'I regret any harm:' Short seller compensates target in rare move
BOSTON (Reuters) -A small Texas investor who caused shares of a real estate investment trust to plunge 39 percent in a day has agreed to pay the company restitution to settle a lawsuit against him, a rare development that could embolden other companies to pursue such claims.
UBS hires Morgan Stanley bankers to lead U.S. outsourced trading drive
ZURICH (Reuters) - UBS has hired two bankers from Morgan Stanley to help build its trading services for hedge funds and asset managers in the United Sates, according to a memo seen by Reuters and confirmed by a spokesperson for the Swiss bank.
GKN-owner Melrose to return $1 billion to shareholders after Nortek sale
(Reuters) -Britain's Melrose Industries on Tuesday laid out plans to return about 730 million pounds ($1.01 billion) in cash to its shareholders after the company sold its Nortek Air Management business, sending its shares 3% higher.
EU lifts ban on eight banks barred from bond sales
BRUSSELS (Reuters) -Eight banks previously excluded from syndicated debt sales backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday.
Sumitomo shareholders reject climate change resolution
TOKYO (Reuters) -Sumitomo Corp shareholders on Friday rejected a proposal requiring the trading house to align its business with global climate change targets in a victory for the board over activist investors seeking more action on environmental issues.
JPMmorgan, Citibank, six others cleared for next bond sale - EU Commission source
BRUSSELS (Reuters) - Nomura, Unicredit, Credit Agricole, JPMorgan, Citibank, Barclays, Bank of America and Deutsche Bank can take part in the next syndicated debt sale backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund, a Commission source said on Friday.
Spain's Acciona seeks $11.6 billion valuation with renewables IPO
MADRID (Reuters) -Spain's Acciona said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe.
CAS urges At Home investors to reject $37 a share take-private deal
BOSTON (Reuters) - At Home Group Inc's largest investor, CAS Investment Partners LLC, is urging shareholders to join it in rejecting the home furnishing retailer's proposed sale, arguing that even after this week's price increase the offer remains far too low.
Analysis-As Fed taper inches closer, investors prepare for volatility ahead
NEW YORK (Reuters) - As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead.
JPMorgan buys investment platform Nutmeg in UK retail push
LONDON (Reuters) -JPMorgan Chase has bought British digital wealth manager Nutmeg as part of the U.S. bank's expansion into the UK retail banking and investment market.