Iridium Communications Inc. (Nasdaq: IRDM) (“Iridium”) today reported financial results for the fourth quarter of 2018 and issued its full-year 2019 guidance. Net loss was $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2018, as compared to net income of $141.9 million, or $1.10 per diluted… Read More »
Philippe Waechter -
The Dutch government has just shelled out $775million and is now the proud owner of close to 13% of the Air France – KLM group, reflecting its determination to get back on an equal footing with the French government in the airline group. The Dutch government felt that KLM had… Read More »
Without a doubt the last two months will enter the pantheon of memorable financial market episodes: the worst December since 1931 followed by the best January since 1987. If there is one thing this turnaround has demonstrated, it is that the main driver of risky assets is not earnings forecasts,… Read More »
The UAE Minister of Energy & Industry, H.E. Suhail Al Mazrouei, was presented with the ‘International Oil Diplomacy Person of the Year 2018’ Award in London today at the Energy Institute’s International Petroleum (IP) Week. This prestigious accolade was awarded last year to H.E. Khali Al-Falih, Saudi Arabia’s Minister of… Read More »
Legal & General Group plc has announced the appointment of Michelle Scrimgeour as Chief Executive Officer of Legal & General Investment Management (LGIM) and executive director of Legal & General Group, succeeding me when I retire from the company later this year. Michelle will join LGIM from Columbia Threadneedle Investments,… Read More »
Alexandre Zeller will join the Lombard Odier Partnership as of 1 March 2019. Member of the Board of Credit Suisse Group SA and Chairman of the Board of Directors of Credit Suisse (Schweiz) AG since 2016, Alexandre Zeller has pursued a distinguished career in a number of Swiss and international… Read More »
Partners Capital, the global outsourced investment office with $24 billion of assets under management, will open an office in Paris, adding a 7th office to its global footprint, in March 2019 Following the recent announcement of its West Coast Office, Partners Capital announces the addition of a European base to… Read More »
Hana Group (“Hana” or “the Company”) has today announced that Permira, the global private equity firm, has entered into a definitive agreement whereby a company backed by the Permira funds will invest in Hana, in partnership with the founders and the management, who will substantially re-invest in the Company. The… Read More »
elseco, the high-tech specialty underwriting platform, has entered into an agreement with global specialty insurer StarStone to acquire its Dubai-based MGA, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio.Under a new strategic partnership arrangement, StarStone will continue to provide underwriting capacity to Malakite… Read More »
The French GDP growth was 1.1% (at annual rate) during the fourth quarter of last year. The same number than during the third quarter. Social unrest has had no impact on the headline figure. Nevertheless, details show that the private sector domestic demand stalled (0.2%) during the last quarter after… Read More »
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