We still hold the view that a second leg of price correction is likely, now that the extent of stimuli across the world is known/discounted while investors understand somewhat better…

When we last teased about Sonova in September 2018, the world’s No.1 hearing aids manufacturer’s first generation Made-for-All/MFA product (offers iPhone and Android connectivity) was struggling to find traction. If…

FCA and PSA announced at the end of October that they are in serious negotiations to merge as equals. Since then, FCA’s shares have appreciated c. 11%. Simultaneously, PSA’s shares…

Iliad the French telco that moved from growth darling to staid also ran in a matter of five years is today launching a curious deal whereby it proposes to buy…

According to the media, Euronext is exploring a bid on European stock exchanges, among which BME and Borsa Italiana. This has been in the air for a long time but…

CASA has long been lagging its peers due to a wobbly business model. It was once offering every sort of banking and financial service (asset management, insurance or specialised financial…

AP Möller Maersk is about maritime transportation and logistics. Its Ocean division, which combines container shipping and the strategic transshipment hubs, is by far the main contributor to group revenue…

SSAB, the leading Nordic steel manufacturer, has long decided to focus on specific areas (high strength and special steels) with a view to addressing the higher value-added market segments and…

After a stellar run over H1 19, Ferrari has now become Exor’s second largest holding. This, coupled with €1bn in capital gains from the disposal of Magneti Marelli, serve as…

Ever since construction groups have been tackling infrastructure, they have contemplated themselves as operators. Hence, the Vinci type of success stories. Those construction groups that failed to make that pivot…