Now the pressure is on firms to put excess cash to work.Įuropean M&A is down nearly a quarter on last year to $511 billion, according to Thomson Reuters data. They spent nearly $3 trillion (1.8 trillion pounds) on buybacks globally since 2008, Thomson Reuters data shows, a rise of more than $150 billion from the 2002-2007 period. Years of financial crisis meant companies used any surplus first to pay down debt and then keep shareholders sweet with dividends and share buybacks. LONDON (Reuters) - Investors have received billions of euros from European companies so cautious about the economic outlook they could find nothing better to do with spare cash, but many now want boards to snap up rivals instead - and are rewarding them when they do.
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