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Shares fall 10% as industrial group outlines $230mn in charges linked to war in Ukraine
Move ‘in response to shareholder feedback’ comes as conglomerate plans split into three companies
The FT’s Mark Vandevelde reports that bringing companies together under common ownership hasn’t died, it has a new name - private equity
European plane maker has teamed up with Safran and GE in push to bring zero emissions aircraft into service by 2035
Industrial group cites shortages of semiconductors, resin, parts and labour in setback for break-up plan
Featuring Archegos, Greensill, SoftBank, McKinsey and Teneo
The blue-chip leader mill risks churning out ‘default managers’ who look and act the same as their predecessors
Plus, buyout firms circle GE for spin-off deals, and Toshiba sets the stage for another big break-up — to many shareholders’ dismay
Conglomerate’s three-way split is unlikely to end there as financial firms look to pick off choice assets
Advisers benefit from multinationals’ current wave of spin-offs
Plus, the private equity doctor is in, and Taylor Swift wages musical revenge
The celebrity inventor behind General Electric was the model for today’s technology entrepreneurs
Advisers profit while conglomerate’s market value has slumped about 75% since 2000
Giant industrial groups are often criticised by investors, but there are reasons for companies to have fingers in many pies
Industrial titan’s break-up signals how far from favour the conglomerate business model has fallen
Also, General Electric RIP
Plus, private equity fees fall under a harsh spotlight, and a luxury mogul holds court over his activist investors
General Electric’s historic moment, and China’s president plans for eternal leadership
Breaking up an empire, it seems, ultimately creates more value than building one
Move marks final step in unwinding of sprawling conglomerate created by Jack Welch
US justice department accuses Beijing of using espionage to modernise its industries
Investors have cheered Larry Culp’s revamp but further share price gains remain outside the CEO’s control
UK tax authority defends agreeing US group to pay $112m deferred charge over case
Recovery in aviation and healthcare businesses boost US conglomerate revenues
CFM joint venture hopes to vie with Rolls-Royce and Pratt & Whitney to develop next-generation technologies
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