Corporate Finance Balance Sheets

  • FRANKFURT, Sept 23- Innogy, the renewables, network and retail business of German utility RWE, could fetch up to 5 billion euros and raise the largest amount in an initial public offering in Europe for nine years when it lists next month. Germany's No.2 utility is pooling and listing its healthy assets-- grids, retail and renewables-- hoping to attract investors who...

  • FRANKFURT, Sept 8- When Germany's top utility E.ON lists its power generation and energy trading business Uniper next Monday, investors known as index trackers with about a quarter of the shares will sell, that much is clear. "We will see jittery investors on the first day that will seek to sell Uniper, that's quite clear," E.ON Chief Executive Johannes Teyssen said...

  • HONG KONG, Sept 4- Building up the second-biggest corporate debt pile in China does come at a cost. The aggressive leveraging of Evergrande's balance sheet by its founder and major shareholder Hui Ka Yan shows that while investors and economists have been largely focused on the mountains of debt being built up by China's state-controlled sector, the private...

  • BUDAPEST, Aug 25- Hungary sold 12- month bills at higher yields at an auction on Thursday, bucking a falling trend of the past few weeks, after a central bank deposit tender had drained banking sector liquidity. The National Bank of Hungary, which kept its benchmark base rate on hold at 0.9 percent on Tuesday, wants to squeeze out liquidity in the hope that more money...

  • LONDON/ FRANKFURT, Aug 23- The European Central Bank will have to bump up its monthly purchases of government bonds if it decides to continue buying beyond March 2017, just to ensure maturing paper does not reduce the pace of its money printing. This additional buying could compound liquidity problems that have created unpredictable price swings in the bond...

  • BUDAPEST/ WARSAW, Aug 2- Polish assets firmed on Tuesday after a long-awaited bill aimed at resolving the problem of Swiss franc-denominated loans in the banking system looked less harmful to banks than investors had feared. Prices rose further after Poland's president proposed in the bill to increase capital requirements and risk weighting ratios for...

  • *Polish president to present forex-loans bill at 0900 GMT. BUDAPEST/ WARSAW, Aug 2- Polish assets firmed on Tuesday, lifted by optimism that a long-awaited bill aimed at resolving the problem of Swiss franc-denominated loans in the banking system will hurt lenders less than previously expected. The Polish president's chancellery will present a draft bill on...

  • TORONTO, July 27- Barrick Gold Corp, the world's largest gold producer, reported a rise in second-quarter profit on Wednesday and said it plans to sell its 50 percent stake in a western Australia mine to carve more from its debt. Toronto- based Barrick, which has been selling off non-core mining assets and using cash flow to pay down debt, said it will explore selling...

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a government request to pour money into a bank bailout fund at a meeting on Monday, days before European stress tests are expected to show the country's third-largest lender is in need of urgent capital. Monte dei Paschi, Italy's third-biggest bank by assets, is likely to be found short of capital...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. Bank of America did not previously...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. Bank of America did not previously...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. That's $3.3 billion less than the...

  • *Bank sold stakes in units worth 1.1 billion euros this week. Italy's biggest bank by assets said on Monday it would conduct a strategic review of all its assets under new Chief Executive Jean-Pierre Mustier to try to improve profitability and its capital position. "We have to look at a capital increase because I don't believe that the European Central Bank will...

  • *GRAPHIC- Major UK property funds http://reut.rs/29ig4Lf. Henderson Global Investors, part of Henderson Group, said on Wednesday it had temporarily suspended trading in its 3.9 billion pound UK Property PAIF and PAIF feeder funds due to "exceptional liquidity pressures" given uncertainty after the Brexit vote and the other suspensions.

  • *GRAPHIC- Major UK property funds http://reut.rs/29ig4Lf. Henderson Global Investors, part of Henderson Group, said on Wednesday it had temporarily suspended trading in its 3.9 billion pound UK Property PAIF and PAIF feeder funds due to "exceptional liquidity pressures" given uncertainty after the Brexit vote and the other suspensions.

  • *GRAPHIC- Major UK property funds http://reut.rs/29ig4Lf. Henderson Global Investors, part of Henderson Group, said on Wednesday it had temporarily suspended trading in its 3.9 billion pound UK Property PAIF and PAIF feeder funds due to "exceptional liquidity pressures" given uncertainty after the Brexit vote and the other suspensions.

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit on Thursday appointed French investment banker Jean-Pierre Mustier as its new chief executive, sources said, a choice that is likely to lead to asset sales to boost the bank's capital. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, three sources said, ending the uncertainty that...