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Public or private excessive debt must eventually be lanced (Daily Telegraph)
Grant me chastity and continence but not yet. So says the famous prayer by St Augustine. It seems to have been followed to the letter by the G20 finance ministers in their communiqué last weekend.
INTERVIEW: JCDecaux CEO: Interested By CBS Outdoor Assets (Nasdaq)
PARIS -(Dow Jones)- French outdoor advertising company JCDecaux SA’s (DEC.FR) is best positioned to benefit from the expected consolidation in its sector and would be interested in assets in the U.S., particularly Clear Channel Outdoor Holdings Inc. (CCO) or CBS Outdoor if they were for sale, its Chief Executive Jean-Francois Decaux said.
REXEL : HALF-YEAR 2009 RESULTS (ITNews)
(ITnews) – (Hugin) – RESILIENT MARGINS IN A TOUGH ECONOMIC ENVIRONMENT THROUGH ACCELERATED COST ADJUSTMENT STRONG DEBT REDUCTION AND RENEGOTIATED COVENANT – Sales of E5.6 billion (-17.9% organic same-day) reflecting tough economic environment – EBITA1 of E184.5 million; resilient margin at 3.3%, drop contained to 190 bps through: – gross margin improvement: +40bps – efficient cost reduction of …
Market Report: Aviva gains on sector consolidation hopes (Independent)
The prospect of consolidation in the life insurance industry drove Aviva 3.3 per cent, or 11p, higher to 343p last night. As investors await the conclusion of the Resolution-Friends Provident saga, the bulls have been busy indulging in their favourite activity: identifying the next probable target in the sector. Although a consensus has yet to emerge, those rooting for Aviva received a shot in …
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