Investor trepidation towards Europe in today’s markets is understandable. Regional macro data remain anemic. Europe continues to produce weak data, Euro-Area economic sentiment saw its worst losing streak in a decade and low interest rates are set to continue throughout the medium term. Meanwhile, the Fed has raised rates nine times since December 2015, taking […]
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Navigating Europe in 2019
Themes and Risks Investors in Europe to Consider in 2019
We are nearly 20 years into the new millennium and it is an unrecognizable place compared to when it started. Lehman is gone, Bear Stearns – gone, Merrill Lynch – acquired, Citigroup is a fraction of its former self. Blockbuster, Toys R Us, Woolworths are all part of the history books now. Europe, where we […]
Distressed Retail in the UK
If one ever needed tangible evidence of how much consumer habits have changed over the past decade, look no further than the UK high street. The litany of failures and restructurings continue unabated. In H1 2018 alone, the following establishments have issued announcements: Byron’s Burgers: Closing of 20 (or 30%) of its 67 premises while […]
Welcome
Wanted:
[Able bodies] for hazardous journey. Small wages, bitter cold, long months of complete darkness, constant danger, safe return doubtful. Honour and recognition in case of success.
Allegedly from Sir Ernest Shackleton – TransArtic Explore
The posts that follow are our insights as they relate to the current investment climate across Europe. The discussions are broad and cross-disciplinary in nature, but will hopefully be of interest for readers and investors allocating to Europe. As we partner with management teams and entrepreneurs to explore promising investment themes, we will use this […]
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Intesa Sanpaolo launches €4.9bn bid to buy Italian banking rival UBI Banca (FT)
“Intesa Sanpaolo, Italy’s biggest domestic lender, has launched a €4.86bn ($5.26bn) takeover bid for its rival UBI Banca in an audacious attempt to kick-start consolidation in Italy’s fragmented banking sector.” – by Stephen Morris, Arash Massoudi and Laurence Fletcher
Property investors’ concern at Sinn Féin housing policies (The Times)
“Some large property investors are “concerned” about Sinn Féin’s housing policies, but other industry leaders think stability is the most important aspect of a government regardless of who is power.” – by Brian Mahon
Europe: Did the banks cry wolf on negative rates? (Euromoney)
“As the howls of anguish at negative interest rates reach a crescendo, central bankers and prominent economists are still convinced that Europe’s financial sector would be even worse off were base rates above zero.” – by Dominic O’Neill
Brexit is arriving at the beginning of the end (Washington Post)
“At midnight Friday Brussels time, Britain, after 47 years of being part of shaping the process of European integration, formally leaves the European Union. The Union Jack disappears from the flagpoles in Brussels, and all British representatives leave the meetings, committees and institutions of the E.U.” by Carl Bildt ex-PM of Sweden
Greece gathers record orders for first 15-year bond since crisis (Reuters)
“Greece attracted record orders for its first 15-year bond sale since the financial crisis, a crucial step in furthering the thrice bailed-out country’s capital markets comeback.” – by Yoruk Bahceli