BSIC Spring Recruitment 2015

Recruitment is Now open! Please apply in our Join Us section Deadline: April, 4th […]

Monetary policy 101: inside central bankers’ mind

In the last decade, from the days of the US Credit Boom all the way to the ECB’s Quantitative Easing, Central Banks have had a controversial, yet undoubtedly crucial role in determining the fate of the wider economy and of all asset classes. Given the importance of monetary policy, is there any possible way to […]

Holcim and Lafarge to revise their $40bn mega-merger talks?

Holcim Ltd: Market Cap (as of 13/03/2015): CHF24.52bn Lafarge SA: Market Cap (as of 13/03/2015): €18.6bn Introduction Back in April 2014 Holcim and Lafarge, the two most prominent players in the global cement industry, agreed to consolidate into LafargeHolcim Group, in a merger of “equals” worth $41.0bn in total. Through consolidation the newly formed corporation […]

M&A drama: Endo takes on a spoiler role in the Valeant bid for Salix

Endo International Plc; Market Cap (as of 13/03/2015): $15.4bn Salix Pharmaceuticals Ltd; Market Cap (as of 13/03/2015): $10.8bn Valeant Pharmaceuticals Intl, Inc.; Market Cap (as of 13/03/2015): $63.9bn The pharmaceutical sector has turned into a war-zone again with of the bidding war between two aggressive dealmakers and two ex-colleagues: Mr. Rajiv De Silva of Endo […]

THE APPLE WATCH: THE PATH TO A 1$ TRILLION VALUATION IS PAVED WITH GOLD

Apple Inc.; Market Cap. (as of 13/03/2015): $719.88bn A Record Company Apple is a company of excesses. With fiscal reports exceeding even bullish estimates more often than not, the Cupertino-based company has become synonymous with exuberance. In its most recent quarterly earnings, Apple reported $18bn of net profit, setting a historical record. Sales of the […]

MARKET RECAP 15/03/2015

U.S. U.S. equities experienced a negative performance during the past week. Stocks suffered sharp losses also on Friday and the main indexes registered a decline for a third week in a row, finishing what has turned out to be a turbulent five-day trading stretch. The Dow Jones industrial average fell 136 points (-0.76%) to 17,749.13, […]

INDEX ADDICTED

On the 4th of March 2015, the FTSE Group published the FTSE UK Index Series Quarterly review that announced the entrance of Hikma Pharmaceuticals (HIK) into the FTSE 100 index and the exit of Tullow Oil (TLW) that will thus join the FTSE 250 index. Additional amendments regard the FTSE 250 index, joined also by […]

MARKET RECAP 08/03/2015

US The market movers in the week just past us in the US were certainly the news on the labor market; non-farm payrolls soared past estimates at 295,000 and unemployment tumbled at 5.5 per cent. The latter figure is the upper limit of what has been previously defined by the Fed as the rate consistent […]

Citigroups’s path towards a leaner business model

Citigroup Inc.; Market Cap (as of 06/03/2015): $160.98bn Springleaf Holdings Inc.; Market Cap (as of 06/03/2015): $5.58bn Introduction On March 3, 2015, Springleaf Holdings, Inc. (NYSE:LEAF), a leading personal finance company focused on consumer lending, credit insurance and other credit relating products, entered into a definitive agreement with Citigroup Inc. (NYSE:C) to purchase its wholly-owned […]

AbbVie’s back on track, but at what price?

AbbVie Inc.; market cap (as of 06/03/2015): $88.7bn Pharmacyclics Inc.; market cap (as of 06/03/2015): $19.3bn Introduction On March 4, the pharmaceutical company AbbVie, outbidding the competitor Johnson & Johnson, agreed to buy the cancer biotech company Pharmacyclics in a $21bn transaction. The Chicago based company will pay $261.25 per share to buy the company […]

Altice: cable-telecom operator with the soul of a buyout fund

Altice SA; Market Cap (as of 06/03/2015): €24bn Altice’s use of high levels of debt to fund its consolidation of the cable and telecoms sector in Europe has raised many eyebrows among investors and analysts, but so far the risks seem to be paying off. Since it’s initial public offering at the start of 2014, […]

Citigroups’s path towards a leaner business model

Citigroup Inc.; Market Cap (as of 06/03/2015): $160.98bn Springleaf Holdings Inc.; Market Cap (as of 06/03/2015): $5.58bn Introduction On March 3, 2014, Springleaf Holdings, Inc. (NYSE:LEAF), a leading personal finance company focused on consumer lending, credit insurance and other credit relating products, entered into a definitive agreement with Citigroup Inc. (NYSE:C) to purchase its wholly-owned […]

Consolidation tales in the semiconductor industry: NXP buys Freescale

NXP Semiconductor NV; Market Cap (as of 06/03/15): $22.7bn Freescale Semiconductor Ltd; Market Cap (as of 06/03/15): $12.3bn Introduction On March 2, NXP Semi announced it will acquire Freescale Semi in a $11.8bn transaction. Amalgamating the Eindhoven-based chip manufacturer with its American rival will create the leader in both Auto and MCU (Multi-Chip Unit) semiconductors, […]