Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is called The Unwritten Laws of Finance and Investment (Profile, 2010). As a part-time lecturer, Robert led the financial journalism specialism at The City University in London in 10 academic years between 1995 and 2007. Follow Robert on Twitter @RobertCole7
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Britain’s biggest grocer is close to selling its supermarkets in South Korea, reports say. The mooted 4.3 bln stg proceeds would cut net debt in half and relieve operational headaches. Yet an exit need not be the end of Tesco’s international ambitions.
The UK private equity fund is merging its Park Resorts caravan business with Parkdean, a rival. The terms suggest it has more than doubled its money in around three years. That will help Electra if Sherborne, its uppity 29 percent shareholder, raises new complaints.
U.S.-based fund ValueAct has added a stake in the UK engineering group to a portfolio that includes a chunky position in aero-engine maker Rolls-Royce. Most activists pay lip service to the notion of being supportive shareholders. In these cases, words and deeds might match.
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- Zegona debut puts new twist on telco M&A
- After FT, Pearson's challenge is existential
- Investors are too bullish on $7 bln drinks-can bid
- UK's BT can gain from more open future