Richard Beales joined Breakingviews in 2007 from the Financial Times, where he was U.S. markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker at Schroders and Citigroup, based largely in Hong Kong and working on project finance, mergers and acquisitions. He has also lived in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s College, Cambridge. Follow Richard on Twitter @richardbeales1
As the U.S. president ripped into the prime minister’s Brexit policy, an annual ranking of nations’ powers of persuasion put the UK back at No. 1. America’s slide to fourth is less surprising. It’s a crumb of comfort for Theresa May, but she will struggle to stay on top in 2019.
The U.S. president’s visit to Britain will include a dinner on Thursday with business leaders. Counterparts stateside have achieved mixed results from public association with the Twitter-happy occupant of the Oval Office. Breakingviews offers some advice.
It’s buying shares that mirror those of its VMware division for $21.7 bln. The 29 pct premium is ample but still gives away less than half the discount at which the tracking stock traded. The sensible simplification takes the IT firm closer to a full return to the stock market.