Business

Rathbones in talks over £2bn merger with Smith & Williamson

Rathbones in talks over £2bn merger with Smith & Williamson

Rathbones said the two companies were in exclusive discussions with Smith & Williamson over an all-share merger, as first reported by the Sunday Times . Market sources believe S&W - which is owned mostly by its employees - would be valued at £500m to £600m under the terms of the deal. "We retain our HOLD recommendation but raise our price target [for Rathbones] to 2700p from 2300p to reflect the potential synergies".


Trading Notes on Wal-Mart Stores, Inc. (NYSE:WMT): Active Stock Recap

Trading Notes on Wal-Mart Stores, Inc. (NYSE:WMT): Active Stock Recap

It has outperformed by 40.77% the S&P500. Since February 27, 2017, it had 1 insider purchase, and 3 sales for $826,170 activity. Private Bank & Trust Co.'s holdings in Wal-Mart Stores were valued $1,707,000 as of its latest disclosure with the securities and exchange commission.


France's Total to buy Maersk Oil for $7.45 billion

France's Total to buy Maersk Oil for $7.45 billion

Total has also offered the possibility of a seat on its Board of Directors to A.P. Moller Holding A/S, main shareholder of A.P. Moller-Maersk. Total said it expects to generate operational, commercial and financial synergies of more than $400mn/yr, in particular by the combination of North Sea assets at both firms.


AIADMK workers in dark on party moves

AIADMK workers in dark on party moves

The Panneerselvam faction had laid down two conditions for a merger - an inquiry into Jayalalithaa's death (varying from a CBI probe to a judicial probe) and expelling Sasikala and her family from the AIADMK. "We can be sure that the two leaders (OPS, EPS) will put all their bitterness aside and move ahead with positive measures to seal the unification rather than allow the wounds to fester and permit trouble-makers to play mischief", he said.


How Tech Companies Are Taking a Stand After Charlottesville

How Tech Companies Are Taking a Stand After Charlottesville

Reuters reports that GoDaddy , Alphabet's Google , security firm Cloudflare and other technology companies moved this week to block hate groups after weekend violence in Charlottesville , Virginia, where white nationalists had gathered to protest removal of a statue of Confederate General Robert E.


AI experts warn of killer robots

AI experts warn of killer robots

The letter to the UN Convention on Certain Conventional Weapons calls for solutions to "prevent an arms race" in lethal autonomous weapons. According the UN's website, a group focused on these types of weapons was set to meet on Monday, but the session has been cancelled and rescheduled for November.