Matthew Jordan News
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Matthew Jordan, like many Dresdner Kleinwort bankers, was worried about Commerzbank AG’s plans to take over the investment bank in 2008. Jordan, Dresdner’s deputy head of equity research, had lost 20 analysts to rivals that year amid uncertainty about the lender’s future.
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SABMiller Plc , which walked away from last year’s biggest beer acquisition, faces the prospect of paying the most ever for Foster’s Group Ltd. as it tries to boost profitability.
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LVMH Moet Hennessy Louis Vuitton SA , the world’s largest maker of luxury goods, said it intends to raise its stake in Hermes International SCA to 17.1 percent after buying 14.2 percent and doesn’t plan on taking control of its rival.
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LVMH Moet Hennessy Louis Vuitton SA said it’s not seeking a takeover of Hermes International SCA after agreeing to buy a 17.1 percent stake for 1.45 billion euros ($2 billion). Analysts aren’t convinced.
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SABMiller Plc , the maker of Grolsch and Peroni beers, reported first-half profit that beat analysts’ estimates on growth in all regions outside Europe, sending the shares to a record high.
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Pernod-Ricard SA , the maker of Absolut vodka, reported first-half earnings growth that missed analysts’ estimates after it boosted spending on advertising and promotions to drive sales of major brands in emerging markets.
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Fortune Brands Inc. , the maker of Jim Beam bourbon and Titleist golf balls, plans to split into three separate businesses and focus on distilled spirits after activist investor William Ackman built up a stake.
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Diageo Plc , the maker of Smirnoff vodka and Guinness stout, reported third-quarter sales that beat analysts’ estimates on growth in emerging markets from Africa to Latin America.
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