Large European corporates are not fair with their shareholders. But for Pernod, which provided (13 February) a degree of granular sensitivity to the coronavirus impact on business, all large corporates…

Following last Friday’s report by Insurance Insider citing a potential sale of PartnerRe to Covéa, Exor’s management has confirmed that it is in advanced talks with the French mutual insurer…

AlphaValue sees danger in the second order impacts of the 2019 nCoV virus. It is increasingly clear that the issue is less one of Chinese consumers postponing purchases but more…

Only 2 days ago we ventured the following opinion that then looked far-fetched. It may soon become mainstream. Stop the virus means stop China which means stop the planet:“To combat…

We do not see the monetarist helicopter flying. In our view, the helicopter money concept has two caveats. Firstly, money would not be created against nothing meaning that the expected…

In our view, the ECB has fired its last shot. This should remove any obstacle to the continuation of the sector’s recovery. As expected, the ECB deployed all the promised…

Low rates increase the actuarial value of pension obligations. The good news is that hardly any “sponsor” (the industry’s wording to speak of the corporate which has pension risks in…

AMS has reiterated its bid offer on OSRAM at €38.5/share (all cash), now being backed by two banks and having reshaped its industrial offer to satisfy the board. Obviously, this…

Natixis is down about 6% today (Stoxx600 banks is down 0.7%). This follows the FT’s article on Tuesday regarding one of Natixis’ flagship asset managers (H2O). Yesterday, Morningstar has suspended…

Eurofins reported a cyber-attack on its IT systems a few days back. The recovery work is ongoing and no unauthorised theft or loss of confidential client data has been reported…