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The most successful investment banks must strive for excellence in managing people
Former investment banker has been CFO of Verbund
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A Dutch court has ruled that Royal Dutch Shell is partly responsible for climate change and must reduce its global carbon emissions — including those caused when customers burn its products — by 45% from 2019 levels by 2030. If the ruling is sustained on appeal it would cause a seismic shift in the balance of power on climate change, with huge implications for financial markets.
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French electric utility company Engie has raised €538m from the sale of Gaztransport Et Technigaz (GTT) shares and exchangeable bonds.
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Aramis, the French company that specialises in online car sales, has launched an IPO on the Paris stock exchange. The deal already has some interest from investors, but sources say the IPO market is getting increasingly hard, with investors taking longer to put in orders and heavily scrutinising deals.
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Finnish financial services group Sampo has offloaded €1.37bn of shares in Nordea, the largest bank in the Nordic region, as part of its planned exit from the group.
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Kanzhun, China’s largest online recruitment platform, is planning a $100m listing of American depository shares on the Nasdaq.
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As inflation indicators across the globe begin to point to a period of sustained growth, equity investors have fretted over where to put their money instead of tech stocks, whose valuations have reached gargantuan multiples. There is a compelling argument to be made for rotating into Greece, specifically its banks, which will have to finance a new wave of economic growth.
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