(BFW) *CUCINELLI 1H EBITDA EU30.6M; EST EU30.5M

BN 08/27 15:37 *BRUNELLO CUCINELLI 1H EBIT EU24.3M; EST EU24.2M
BN 08/27 15:37 *CUCINELLI EBITDA MARGIN 17.3%; EST 17.3%
BN 08/27 15:36 *BRUNELLO CUCINELLI 1H NET EU16.6M VS EU14M
BN 08/27 15:35 *CUCINELLI 1H EBITDA EU30.6M; EST EU30.5M
*CUCINELLI 1H EBITDA EU30.6M; EST EU30.5M
2014-08-27 15:37:36.866 GMT

--JIM SILVER

-0- Aug/27/2014 15:37 GMT

(BFW) Oi, Telefonica, Claro to Share Telecom Italia’s Tim Stake:Estado

Oi, Telefonica, Claro to Share Telecom Italia’s Tim Stake:Estado
2014-08-27 15:22:38.380 GMT


By Katerina Petroff
Aug. 27 (Bloomberg) -- http://bit.ly/1q57wHL

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Katerina Petroff at +44-20-3525-0733 or
kpetroff@bloomberg.net

>>> BG Group seeks USD 4bn for Queensland pipeline assets as bidders emerge

BG Group seeks USD 4bn for Queensland pipeline assets as bidders emerge

BG Group, the British energy company, is seeking bids worth up to USD 4bn for its Queensland pipeline assets as four companies already makng offers and others possible, reported The Business Spectator without identifying sources.

According to the report, suitors are preparing to submit their indicative proposals tomorrow, 28 August with BG looking to finalise the sale this year.

The item stated that Cheung Kong Group, Industry Funds Management, Hastings Funds Management and APA Group are said to be bidding for the assets. Although Cheung Kong is understood to be bidding on its own, the others are joining with other parties to form a consortia. Fund manager AMP is also considered to be involved in the bidding process. Duet Group, the ASX-listed utilities company, has said that it is not interested in the assets. China-based State Grid and Singapore Power are said to have shown interest through their advisors, added the report.

According to the report, a banking source was cited as saying that although some water and power assets are not included in the sale, they could be offloaded in the future.
Business Spectator

(BFW) Swiss Banks Had CHF350B Net Foreign Client Outflows, PwC Says

Swiss Banks Had CHF350B Net Foreign Client Outflows, PwC Says
2014-08-27 13:33:41.436 GMT


By Giles Broom
Aug. 27 (Bloomberg) -- Foreign clients withdrew less money
than expected over past 6 yrs, PwC reports in study today.
* Tax assessments and international demand for more tax
transparency accounted for large part of outflows
* As much as CHF100b of net outflows related to payment of
fines for untaxed money
* About CHF250b of net outflows was repatriated or transfered
to another financial center by foreign clients terminating
bank relationships
* Banks should demonstrate “high-quality service” and
“strong performance” to attract tax-compliant money
* NOTE: Pictet Lures Competitors’ Clients Amid Swiss Banking
Turmoil NSN NAWYE86S972F<GO>


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Giles Broom in Geneva at +41-22-317-9212 or
gbroom@bloomberg.net
To contact the editors responsible for this story:
Mark Bentley at +49-699-204-1262 or
mbentley3@bloomberg.net
Simone Meier, Steve Bailey