Mediobanca gets ECB approval for Banca Generali deal
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
31 minutes ago
- Reuters
Investment fund sues Marex over alleged use of confidential information for trading position
LONDON, Aug 20 (Reuters) - An investment fund has filed a lawsuit in London against commodities broker and financial group Marex , alleging it used confidential information from the fund to support its own trading position, according to a court filing. London-based Marex Group plc declined to comment on the legal action. A court filing on August 7 by lawyers for Ocean Freight Trident Offshore Master Fund Limited against Marex said exact damages would be specified in the future, but would be at least 10 million pounds. The court document said the fund, registered in the Cayman Islands, opened an account with Marex in April 2024 and deposited $30 million, adding $12 million to the account between June and November. Marex liquidated the fund's entire positions in November 2024, the lawsuit said, without giving details of the positions. "In doing so as it did, the defendant purported to exercise its powers for the improper and collateral purpose of supporting its own proprietary trading position, adopted with the benefit of information that was confidential," the court filing said. John Hahn is chief investment officer and president of the manager of the fund, Ocean Freight Capital Management LLC, which is based in the U.S., it added. LinkedIn shows Hahn is based in Los Angeles and runs Ocean Freight Exchange, an AI platform for the shipping industry. Hahn previously worked for commodity traders Noble Group and Louis Dreyfus Company, LinkedIn showed. Hahn did not immediately respond to a request for comment.
Telegraph
31 minutes ago
- Telegraph
Arsenal hijack Tottenham's deal for Eberechi Eze
Arsenal have made a dramatic move to hijack Tottenham Hotspur's bid to sign Crystal Palace star Eberechi Eze after Kai Havertz suffered a knee injury that has left the club sweating on his fitness. Havertz is still waiting on the full prognosis of his injury that is a blow to head coach Mikel Arteta, but Arsenal have not wasted any time in reviving their interest and attempting to steal Eze from under the noses of Spurs. Tottenham had been close to sealing a deal to sign Eze for around £55m plus add-ons with the player ready to join them, but sources claim he will favour a move to Arsenal if both clubs can agree a fee with Palace. Arsenal are believed to be ready to offer a total package worth over £60m for Eze with sporting director Andrea Berta leading the pursuit of the player and an agreement is expected to be reached. Crystal Palace manager Oliver Glasner on Wednesday claimed that Eze will play for his team in their Europa Conference League play-off against Fredrikstad on Thursday night. It is believed that Spurs are ready to move on to other targets if Eze moves to Arsenal in what would be a bitter blow to head coach Thomas Frank and chairman Daniel Levy. Tottenham have enjoyed some success this summer with the signings of Mohammed Kudus and Joao Palhinha, and agreeing a new contract with captain Cristian Romero. But the club missed out on Morgan Gibbs-White and losing Eze to Arsenal will undoubtedly anger supporters. Sources had expected Arsenal to initially look at the loan market or for cheap options to find cover for Havertz, but the club instead swiftly revisited their interest in Eze as Tottenham failed to close a deal for the player. Tottenham had even discussed the possibility of allowing Richarlison to move in the opposite direction to Eze, to Crystal Palace, to free up funds and space to then rival Newcastle United's bid for Yoane Wissa. It remains to be seen whether or not Arsenal will try to make any sales if they sign Eze after Leandro Trossard, who had been tipped to move away, signed a new contract on improved terms. Arteta cannot afford another attacking crisis, having been forced to play midfielder Mikel Merino as a makeshift striker last season. The club have signed striker Victor Gyokeres and winger Noni Madueke this summer, but Gabriel Jesus has not played since January and Havertz's injury could leave Arteta short of forward options.
BBC News
31 minutes ago
- BBC News
Alexander Isak and a 'nuclear' row with Newcastle - what next?
Alexander the words were splashed across the banner as Newcastle United fans saluted their talisman at St James' Park nine months that night feels like a distant remains determined to join Liverpool and the striker claimed that "promises were broken and trust is lost" in an explosive fired back just a few hours later and made it clear that "no commitment has ever been made that Alex can leave this summer."So what has irked Isak? What effect has the saga had on the dressing room? And can the striker really be reintegrated? The deal that never was Broken promises?This appeared to be a cryptic reference from Isak to the prospect of talks being held over a new contract last however, still had four years to run on his deal at the time and discussions were ultimately postponed due to the club's Profit and Sustainability (PSR) narrowly avoided a breach of the regulations in June, 2024 following the sales of Elliot Anderson and Yankuba Minteh to Nottingham Forest and Brighton not only had to be careful in the transfer market thereafter but, also, when it came to dishing out a series of lucrative new contracts, particularly one that would make Isak the club's highest for context, have a tight wage structure and seven Premier League clubs spent more on salaries in clubs' most recent set of published a such a scare with PSR, sporting director Paul Mitchell, who has since left the club, vowed that "we need to make sure that we don't end up back there any time soon".This had a knock-on effect on Isak following a period of huge change at boardroom level after the departures of former sporting director Dan Ashworth and owners Amanda Staveley and Mehrdad would go on to hand fresh terms to Anthony Gordon, in October, 2024, but the club's hierarchy repeatedly stressed Isak's situation would be revisited this rather than wanting to sign a new deal, Isak has instead wanted out. Tight-knit group rallies Someone was missing as the Newcastle squad jetted off to the Far East last his absence was only was Isak a popular figure off the field - the Swede had long been a pivotal player on it, fact, Newcastle have been unable to win any of their last six Premier League games without Isak, failing to score in each of their last four despite having 75 shots (9.4 xG) across those six wonder morale took an initial hit - but a tight-knit group have since put in a committed display without Isak against Aston Villa on the opening day and there is a strong belief within the dressing room that that this saga could now even bring them closer previously thrived in such a set-up, of course, and it is worth noting that the striker has a number of friends at the club, including captain Bruno Guimaraes.A photograph posted on Bruno's social media account of the midfielder proudly wearing a Newcastle shirt was seized upon - just minutes after Isak's statement dropped - but this was not a response to his team-mate's incendiary words. "People are creating a situation where none exists," a source said. 'Gone about it in the wrong way' There has also been an understanding within the club that a player's career is short. Isak may only be turning 26 next month, but the striker wants to win the Premier League and the Champions those at the very top at Newcastle share those ultimate ambitions, it will take the club time to get there in a world of Profit and Sustainability (PSR).Liverpool, for context, spent more on wages (£386.1m) than Newcastle generated in revenue (£320.3m) in the clubs' most recently published accounts from Ferdinand "totally gets" Isak's desire to want to play for the champions if that is "something that attracts you".But another hugely popular Newcastle number nine - who scored 50 goals in his two seasons with the Magpies - stressed Isak had "gone about it in the wrong way"."If he had gone about it in the right way, perhaps, he would have left still being a hero of the football club," Ferdinand said. "There's a sour taste about the way he has done it after all his good work."That's the shame in all of this. He may go on and earn double what he's earning now and win loads of trophies and say, 'I made the right decision'. But, wherever you go, you want your legacy to be one of doing your best and leaving in the right way."I don't think football holds that tradition anymore. When a player decides he wants to go and a club that gets his interest comes in, it's 'let's down tools'." Could Isak be reintegrated? Newcastle have seen it from both sides, of as Isak is training away from the group on Tyneside, Newcastle target Yoane Wissa previously had a stint working on his own at identified Wissa as a potential replacement for Callum Wilson, who left following the expiry of his contract last month, and the club have had a fresh bid turned down for the DR Congo to sign one quality frontman has proved difficult enough for Newcastle - let alone an additional centre-forward like Hugo Ekitike, Benjamin Sesko or Joao Pedro, who chose to move two heavyweight strikers in the final days of the window feels a huge ask, but there is also something far bigger at play here, too. What sort of precedent would it set if Newcastle were to meekly wave off a player with three years left on his contract, especially to the champions?Newcastle have instead held firm - rejecting a £110m bid earlier this month - and the club do not foresee the "conditions of sale" being met before the window shuts on 1 that proves to be the case, could there really be a way back for Isak after the away end called the 25-year-old"greedy" and sang about him "not caring about us" at Villa Park last week?Thomas Concannon, a member of the Wor Flags group, who helped put together the Alexander the Great tribute display last season, has been left "bewildered" by Isak going "completely nuclear".But the Geordie, like the club, has not closed the door on the Swede being reintegrated."I don't think Newcastle are going to be able to find any suitable replacement at this stage," he added. "If anything, that's where Isak's frustration should be because there was a possible suitable replacement [Ekitike], but Liverpool bought him instead."I do think there is a way back because, ultimately, he has to play football. If he scored a few big goals, I think some would be willing to forgive. "He has burned bridges, but my personal opinion is if he scores some big goals and starts playing well again, that would go a long way."
