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Diversified Financials Capital Markets

  • LAS VEGAS, May 18- Hedge fund manager Jason Karp on Thursday said that shares of Sarepta Therapeutics Inc could climb as much as 200 percent and noted the biotech company could be an attractive takeover candidate. Its sales could climb to $600 million from $75 million now, said Karp, who specializes in picking stocks. By the end of next year the stock price could hit...

  • LAS VEGAS, May 18- Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling. Credit specialists Marc Lasry of Avenue Capital and Bruce Richards of Marathon Asset Management noted the relatively calm political climate there compared to the United...

  • NEW YORK, May 18- George Gagliardi knows the old adage about the shoemaker with barefoot kids: The financial adviser has two adult sons bunking at home. Imparting financial advice to his own offspring. Stop telling me what to do, "said Gagliardi, who founded Coromandel Wealth Management in Lexington, Massachusetts.

  • NEW YORK, May 18- George Gagliardi knows the old adage about the shoemaker with barefoot kids: The financial adviser has two adult sons bunking at home. Imparting financial advice to his own offspring. Stop telling me what to do, "said Gagliardi, who founded Coromandel Wealth Management in Lexington, Massachusetts.

  • NEW YORK, May 18- George Gagliardi knows the old adage about the shoemaker with barefoot kids: The financial adviser has two adult sons bunking at home. Imparting financial advice to his own offspring. Stop telling me what to do, "said Gagliardi, who founded Coromandel Wealth Management in Lexington, Massachusetts.

  • NEW YORK, May 18- George Gagliardi knows the old adage about the shoemaker with barefoot kids: The financial adviser has two adult sons bunking at home. Imparting financial advice to his own offspring. Stop telling me what to do, "said Gagliardi, who founded Coromandel Wealth Management in Lexington, Massachusetts.

  • DUBAI, May 18- Noon, the internet venture of Dubai billionaire Mohamed Alabbar and Saudi Arabia's Public Investment Fund, has been dealt a blow ahead of its launch with the departure of its CEO and a number of staff, sources familiar with the matter told Reuters. Alabbar, a prominent Emirati businessman, said last year he had teamed up Saudi Arabia's Public...

  • LONDON, May 18- The turmoil in Washington surrounding Donald Trump's presidency is rattling world markets, and the burst of volatility could force investors into a strategic or tactical rethink of how much risk they are happy to face. Increasingly damaging revelations about the Trump administration's and election team's dealings with Russia triggered the...

  • LONDON, May 18- History shows British financial markets lag around election time, albeit not for long, but investors seeking parallels for next month's vote must beware of Brexit. With three weeks to go, analysis by Switzerland's UBS Wealth Management shows that the average underperformance of UK stocks against global stocks was 3.4 percent in the three months...

  • A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company's IPO in New York.

    Billion-dollar start-ups make the CNBC Disruptor 50 list every year. A look at those posturing for an IPO — and those biding their time.

  • JOHANNESBURG, May 18- South Africa- focused bank Investec said on Thursday it would expand into offering life insurance to its private clients, as it reported a rise in full-year earnings. Investec's shares were up about 2.5 percent at 106.00 rand by 1000 GMT after it reported a 17 percent rise in annual profit, buoyed by its asset management and specialist...

  • Now it stands to gain from its loyalty to Russia by winning a greater share of the hundreds of millions of dollars that banks earn each year in Russia from organizing loans, share sales, and mergers and acquisitions, Moscow- based bankers said. Intesa, a minnow in global investment banking, has emerged as an important part of the close business relationship between...

  • Now it stands to gain from its loyalty to Russia by winning a greater share of the hundreds of millions of dollars that banks earn each year in Russia from organising loans, share sales, and mergers and acquisitions, Moscow- based bankers said. Intesa, a minnow in global investment banking, has emerged as an important part of the close business relationship between...

  • Tony Wilkey quits as Asia head, replaced by Nic Nicandrou. LONDON, May 18- British insurer Prudential reported a 25 percent rise in first-quarter new-business profits on Thursday, driven by a strong performance in Asia, and announced the appointment of a new chief financial officer in a management reshuffle. The company said in a statement before its annual...

  • LONDON, May 18- British insurer Prudential reported a 25 percent rise in first-quarter new business profits on Thursday, driven by a strong performance in Asia, and announced the appointment of a new chief financial officer in a management reshuffle. The company said in a statement ahead of its annual general meeting that the head of its Asian business, Tony...

  • Greece austerity: Parliament to vote on new measures

    Gikas Hardouvelis, professor at University of Piraeus, says getting the deal signed will send the signal that Greece is ready to tackle its economy.

  • *Lloyds has rebuilt as UK focused lender. LONDON, May 17- Lloyds Chief Executive Antonio Horta-Osorio travelled at the front of the British Airways plane last week, enjoying the extra leg room in the business section on his way from London to the bank's annual meeting in Edinburgh. Lloyds said on Wednesday that Britain had sold its last remaining stake in the bank,...

  • *Dubai's DSI tumbles on Q1 net loss. DUBAI, May 16- Shares of Egypt's EFG Hermes and Talaat Mostafa diverged sharply on Tuesday on news that MSCI will swap the shares in its main Egyptian index, while Gulf equity markets were firm with the Brent oil price at $52 a barrel. Arqaam Capital analysts predicted passive net fund inflows of $33 million into EFG due to the index...

  • *Riyadh aims to raise around $200 bln via privatisation scheme. DUBAI, May 16- One of the world's largest privatisation programmes is drawing foreign investment banks and private equity firms to Saudi Arabia, despite the prospect of low fees and an uncertain regulatory environment. "We see a lot more opportunities in Saudi Arabia because for the first time the...

  • LONDON, May 16- Anglo-South African financial services firm Old Mutual is selling 17 million shares in U.S. fund firm Old Mutual Asset Management, it said on Tuesday, cutting its minority stake in the firm by a further 15 percent. Old Mutual is selling 17.3 million shares in OMAM in a secondary offering at $14.55 per share, it said in a statement.