Dresdner Kleinwort Wasserstein is the bookrunner of a European equity-linked deal for the first time in over 18 months with a €400m ($436m) convertible bond from adidas-Salomon, the German sportswear manufacturer, with Deutsche Bank.

Deutsche and DrKW are joint lead managers and joint bookrunners. DrKW's last equity-linked deal as a bookrunner in Europe was a convertible bond for Publicis Groupe, the French advertising company, in December 2001.

DrKW and Deutsche lead €400m adidas convertible

Shanny Basar

adidas-Salomon

Deutsche Bank

Publicis Groupe

JP Morgan

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

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The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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