FirstRand challenges U.K. lenders with Aldermore buy

Phillip Monks, Aldermore Chief Executive Officer

Africa’s largest lender by market value plans to take on Britain’s biggest banks with the takeover of Aldermore Group Plc as growth in its home market stutters. FirstRand Ltd. said Monday it agreed to buy all of Aldermore after winning the backing of the U.K. lender’s board and its largest shareholder. The offer, which values […]

Alphabet talks with Lyft about possible investment, source reveals

Alphabet Inc. is in discussions with Lyft Inc. about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a person familiar with the talks said on Thursday. According to Reuters, an injection of support from one of Silicon Valley’s largest companies could be a boost to Lyft as […]

China, India best bets for green investors, Morgan Stanley says

Emerging markets including China and India could be the best bets for investors hoping to fight climate change and boost returns, according to a report Thursday. If the planet heats up by 5 degrees Celsius (9 degrees Fahrenheit), well above the 2-degree threshold set by the Paris Accord, investors may face $7 trillion in global […]

Net investments in Romanian economy, slightly down in H1

Net investments in the Romanian economy dropped by 0.2% in the first half of this year compared to the similar period in 2016, to over RON 29.7 billion (EUR 6.4 billion), according to the country’s National Statistics Institute (INS). Investments in new construction work rose by 2.2% year-on-year. Overall, the share of net investments in […]

Investment philosophy popularized by Warren Buffett may make a comeback

Warren Buffett

An investment strategy made popular by Warren Buffett could be back in vogue soon, according to Strategas Research Partners. In a note to clients Thursday, Strategas pointed out that returns stemming from growth investment strategies have reached a point where they could start to underperform. This opens the door for value investment strategies, which have been popularized […]

Elliott, activist investor Singer’s firm, pulls $33bn weight in Europe

Paul Singer

From mining to chemicals to generic drugs, billionaire Paul Singer’s investment vehicle Elliott Management Corp. is making its $33 billion presence felt in Europe this week. On Wednesday, the activist investor said it boosted its holding in the London-traded shares of BHP Billiton Ltd. to 5 percent from 4.1 percent in April, adding pressure on […]