Deals

Activist investor Peltz pushes DuPont to split itself

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- Activist investor Nelson Peltz's Trian Fund Management LP urged DuPont to break itself up, saying that efforts already underway at the industrial conglomerate to shed some of its businesses were not enough to fix what it called the company's "underperformance."

Exclusive: Jimmy Choo to pledge industry-beating growth in expected IPO 7:24pm BST

PARIS - Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told Reuters.

Zalando sets price range for IPO at 18-22.50 eur 8:01pm BST

FRANKFURT - Zalando , Europe's biggest dedicated online fashion retailer, has set a price range for its initial public offering of 18.00 to 22.50 euros per share, it said on Wednesday.

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Sulzer in talks on potential tie-up with Dresser-Rand 6:27pm BST

ZURICH - Swiss machinery maker Sulzer said it is in talks on a potential tie-up with U.S.-based compressor and turbine maker Dresser-Rand, a move that may trigger rival offers from other potential suitors.

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Sky Deutschland advises investors to shun BSkyB offer 5:24pm BST

FRANKFURT - The management of pay-TV provider Sky Deutschland has advised minority investors not to accept an offer from BSkyB, a token gesture given that BSkyB's terms are little more than a formality required after its purchase of a controlling stake in the broadcaster.

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Adidas shares jump on report of hedge fund activism 4:33pm BST

MUNICH - Shares in sportswear maker Adidas jumped on Wednesday on a report that a group of hedge funds is seeking to buy a stake to pressure management to make sweeping changes, although one of the funds dismissed this.

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Maersk sees U.S. approval of shipping alliance as formality 2:24pm BST

COPENHAGEN - U.S. regulatory approval of a proposed shipping alliance involving AP Moeller Maersk should be a formality, the Danish company's chief executive said on Wednesday.

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Allianz eyes sale options in Fireman's Fund revamp 3:12pm BST

FRANKFURT - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under control, the company said on Wednesday.

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Citi buys Deutsche's base metals trading book: report 4:08pm BST

NEW YORK - Deutsche Bank has sold its global base metals trading book to Citigroup Inc, the U.S. bank's latest move to expand its commodities trading business, according to a report by SparkSpread.

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Lufthansa to order 25 new Airbus planes for $3.24 billion 1:40pm BST

FRANKFURT - Germany's Lufthansa said on Wednesday it had agreed to order 25 new Airbus planes worth 2.5 billion euros ($3.24 billion) at list prices to replace older aircraft and cut fuel costs at two subsidiary airlines.

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