Tongues are wagging after BCA Marketplace sacked corporate brokers at JP Morgan and HSBC and replaced them with Goldman Sachs and Numis in one fell swoop.
Posts tagged: JP Morgan
No self respecting investment banker will ever admit to having too many clients. Take, JP Morgan, for example. The powerful investment bank is a corporate broker and adviser to GKN and Melrose and was almost always cited on all their deal press releases. I have pasted Melrose's £2.2 billion acquisition of American ventilitation-to-security group Nortek below and GKN's equity fundraising of about £200 million for the acquisition of Fokker Technologies in 2015:..
Stockmarket cassandras at Bank of America Merrill Lynch and JP Morgan were out in force yesterday, warning of impending market crash.
So, several leading British newspapers, such as The Times, took those warnings seriously by splashing their business sections on the strategists' gloomy predictions. Here is a link to today's piece in the The Times: ..
The corporate broking merry-go-round continues unabated in the City of London.
I'm told ITV has just got rid of JP Morgan and replaced its longstanding corporate broker, formerly known as JP Morgan Cazenove, with Citigroup. Citigroup corporate brokers are now working for ITV alongside Credit Suisse, according to people familiar with the matter...
I see The Kleinmanator of Sky News today ran a story about how Rio Tinto had dumped its longstanding broker Credit Suisse and replaced the Swiss institution with Deutsche Bank.
The core facts of Kleinman's "exclusive" story are eerily similar to a piece I did a week or so ago on little old Betaville. Here is the link:..
Another delicious lunch has just yielded another story about a corporate broking pitch in the offing.
This time it's Rio Tinto, the FTSE 100-listed mining giant, that has been making corporate brokers, including the incumbents, pitch for the mandate to be the company's 'eyes and ears' in the market...
It's not just international FTSE 100 companies that are benefiting from a Brexit bounce driven by investors seeking companies that generate earnings outside of Blighty.
I'm hearing certain gold mining stocks, such as Lion One Metals, that aren't reliant on sterling, US dollars and Euros are also seeing strong interest from London-based investors looking to diversify their portfolios away from Brexit impacted currencies ...