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KKR is in talks for $500 million private debt to fund FGS deal - Bloomberg News

MEDIA-KKR is in talks for $500 million private debt to fund FGS deal - Bloomberg News -- Source link: https://tinyurl.com/2bam5fx5 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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London's FTSE 100 extends recovery to second day on financials, corporate earnings boost

UPDATE 1-London's FTSE 100 extends recovery to second day on financials, corporate earnings boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 1.8%, FTSE 250 adds 1% Banks and financial services stocks lead broad gains TP ICAP surges after a rise in half-year pre-tax profit Updated at 1600 GMT By Pranav Kashyap and Medha Singh Aug 7 (Reuters) - London stocks broadly rose for a second straight session on Wednesday, with gai
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KKR’s corporate PR deal hangs on more bad news

BREAKINGVIEWS-KKR’s corporate PR deal hangs on more bad news The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Karen Kwok LONDON, Aug 7 (Reuters Breakingviews) - In the midst of every crisis, lies great opportunity. KKR’s KKR.N latest deal seems inspired by Albert Einstein’s famous quote.
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Amazon Prime Video plots Hollywood expansion

FOCUS-Amazon Prime Video plots Hollywood expansion By Dawn Chmielewski and Greg Bensinger Aug 7 (Reuters) - When Mike Hopkins was approached about leading Amazon AMZN.O Prime Video, his view of the streaming service matched one held widely in Hollywood -- it was nothing more than a perk for subscribers of the online retailer’s two-day delivery service.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** U.S. private equity firm KKR&Co KKR.N plans to help Japan's Fuji Soft 9749.T go private under a management buyout worth about $4.09 billion, the Nikkei website said. nL1N3JU0HM ** British ad group WPP WPP.L is selling its controlling stake in financial PR agency FGS Global to minority shareholder KKR for $775 million in cash, which it will
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London's FTSE 100 boosted by financials, corporate earnings

London's FTSE 100 boosted by financials, corporate earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.7%, FTSE 250 adds 0.6% Financial stocks like banks and brokerages lead broad gains TP ICAP surges after a rise in half-year pre-tax profit Aug 7 (Reuters) - London stocks inched higher for a second session on Wednesday, boosted by financial stocks and corporate earnings, as markets stabilized after a global stocks rou
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UK ad group WPP falls on downbeat H1 results, forecast cut

BUZZ-UK ad group WPP falls on downbeat H1 results, forecast cut ** Shares in WPP WPP.L down 1.1% at 709.2p, among top losers on FTSE 100 .FTSE index ** British ad group cuts annual rev growth forecast after drop in H1 growth ** Sees FY organic growth to be between negative 1% and zero vs previous flat to 1% rise forecast ** Says "have seen pressure
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WPP sells stake in FGS Global to KKR, downgrades guidance

UPDATE 2-WPP sells stake in FGS Global to KKR, downgrades guidance Sells stake of just over 50% for $775 million to partner Downgrades full-year growth forecast to -1% to zero Seeing pressure from smaller clients Adds shares in paragraph 3, more CEO comments in 9-10 By Paul Sandle LONDON, Aug 7 (Reuters) - British ad group WPP WPP.L is selling its controlling stake in financial PR agency FGS Global to minority shareholder KKR for $775 million in cash, which it will use to reduce debt.
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KKR To Acquire Majority Position In FGS Global

BRIEF-KKR To Acquire Majority Position In FGS Global Aug 7 (Reuters) - KKR & Co Inc KKR.N : KKR TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL TO SUPPORT LONG-TERM GROWTH; FGS TO BECOME STANDALONE COMMUNICATIONS AND PUBLIC AFFAIRS CONSULTANCY KKR & CO INC - FGS VALUED AT $1.7 BILLION KKR & CO INC - TRANSACTION EXPECTED TO CLOSE BY YEAR-END KKR & CO INC - TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL KKR: AS A RESULT OF THE TRANSACTION, THE EQUITY INTEREST OF FGS’S OVER 500 EMPLOYEE SHAREHOLDERS WILL
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WPP agrees to sell stake in FGS Global to KKR for $775 million

WPP agrees to sell stake in FGS Global to KKR for $775 million LONDON, Aug 7 (Reuters) - British ad group WPP WPP.L on Wednesday agreed to sell its controlling stake in FGS Global to minority shareholder KKR for $775 million, implying an enterprise value for the financial PR agency of $1.7 billion. WPP, which also downgraded its 2024 guidance on Wednesday, said it would use the proceeds to reduce its debt.
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UK Stocks-Factors to watch on August 7

UK Stocks-Factors to watch on August 7 Aug 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 1.3%. * OIL : Oil prices slipped in early Asian trading following a brief rebound in the previous session after industry data showed an unexpected build in U.S. crude oil and gasoline inventories, offsetting global oil supply concerns.
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Meta Q2 ad sales expected to rise; focus on AI roadmap, costs

PREVIEW-Meta Q2 ad sales expected to rise; focus on AI roadmap, costs By Yuvraj Malik July 30 (Reuters) - Meta Platforms META.O is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns.
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UK Stocks-Factors to watch on July 30

UPDATE 1-UK Stocks-Factors to watch on July 30 Adds new items, updates futures July 30 - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.4%. * BP: BP BP.L reported second-quarter profit of $2.76 billion, beating expectations as the energy company increased its dividend and extended its share repurchasing programme.
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Ad group WPP names former BT boss Philip Jansen as new chair

UPDATE 1-Ad group WPP names former BT boss Philip Jansen as new chair Adds detail on joining date and CEO comment in paragraphs 2-4 July 30 (Reuters) - WPP WPP.L named former BT BT.L chief Philip Jansen as its new chair on Tuesday, succeeding Roberto Quarta at the world's largest advertising company. Jansen will join WPP's board in September and replace Quarta, who has been in the role since 2015, on Jan.
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WPP Names Philip Jansen As Non-Executive Chair

BRIEF-WPP Names Philip Jansen As Non-Executive Chair July 30 (Reuters) - WPP PLC WPP.L : WPP PLC - BOARD APPOINTMENT WPP PLC - APPOINTS PHILIP JANSEN AS NON-EXECUTIVE CHAIR WPP PLC - JANSEN TO JOIN WPP BOARD ON 16 SEPTEMBER 2024 Source text for Eikon: ID:nRSd2877Ya Further company coverage: WPP.L
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UK Stocks-Factors to watch on July 30

UK Stocks-Factors to watch on July 30 July 30 - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.15%. * STANDARD CHARTERED: Standard Chartered STAN.L reported its pretax profit rose 5% in the first six months of the year, just ahead of analysts' estimates and announced its largest share buyback to date. * WPP: Britain's WPP WPP.L is set to pick former BT Group BT.L chief Philip Jansen as its new chair , the Financial Times reported, citing people familia
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Financial Times - July 30

PRESS DIGEST- Financial Times - July 30 July 30 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - WPP lines up former BT boss Philip Jansen as its new chair - Vitol's senior employees paid a record $6.4 billion last year - NHS watchdog blocks AstraZeneca breast cancer drug - UK regulator considers rolling back insurance rules for big business Overview - WPP WPP.L is set to pick former BT
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Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports

UPDATE 1-Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports Adds details from the FT report in paragraph 2, background in paragraphs 4-7 July 30 (Reuters) - Britain's WPP WPP.L is set to pick former BT Group BT.L chief Philip Jansen as its new chair, the Financial Times reported on Tuesday, citing people familiar with the matter.
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Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports

Ad group WPP lines up former BT boss Philip Jansen as its new chair, FT reports July 30 (Reuters) - Britain's WPP WPP.L is set to pick former BT BT.L chief Philip Jansen as its new chair, the Financial Times reported on Tuesday, citing people familiar with the matter. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Alan Barona
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