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Barclays confirms deal talks with BlackRock

Barclays is in talks with BlackRock over a deal for the sale of its iShares and Barclays Global Investors business.

In a stock market alert responding to press comment, Barclays said it has had discussions with a number of parties including BlackRock but these are not yet concluded and there were significant open issues which could affect the nature and terms of any transaction.

It intends to update the market on the conclusion of the ‘go-shop’ process agreed with CVC regarding iShares no later than June 19.

It said: “There is no certainty that these discussions will result in Barclays concluding a different transaction than that announced on April 9 with CVC regarding iShares.”


Death of Frank Blighe

Skandia Investment Group head of UK marketing Frank Blighe died recently aged 51 after a short illness.

OECD unemployment rises

Unemployment in the Organisation for Economic Co-Operation and Development (OECD) area rose 2.2 percentage points over the past year to April 2009, according to the OECD.In April 2009 the unemployment rate for the OECD area was 7.8%. This is 0.1 percentage points higher than the previous month and 2.2 percentage points higher than in April […]

Rally reckoning

The run in equity markets in recent weeks is constantly being called into question but with good reason. Is the bear market and the recession that was expected to last for years really over this quickly? Advising in such a scenario can be more difficult than it was at the start of the credit crisis. Investors have been burnt – so should they trust this turn-round? But if they don’t and the rally turns into a sustained bull market, the rises they are missing out on will hurt. Either way, the job of the adviser is not enviable.

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]


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