Hints and tips:
...Blackstone’s flagship property fund failed to generate enough cash to cover its dividend last year, putting strain on a vehicle the private capital group views as a beachhead in the retail investor marketplace...
...Coventry is the UK’s third-largest mutual lender with about 2mn members and assets of £62.5bn....
...The proposed tie-up, which would create a merged group with £89bn in assets, is the latest attempt at consolidation in UK retail banking after Nationwide last month announced it would buy Virgin Money for...
...It is now attempting to navigate the twists and turns towards retail capital. The latest effort is the semi-liquid buyout fund....
...Sainsbury’s announcement follows reports that rival lender Tesco Bank is looking for a buyer, while the Co-operative Bank last month entered exclusive talks to merge with the Coventry Building Society....
...The PM added that the government had focused on cutting taxes to support companies, including increasing the VAT threshold to £90,000 and instituting a 75 per cent discount for those operating in the retail...
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Retail patience has become a crucial topic....
...The initial sum raised by the fund, called Blackstone Private Equity Strategies Fund, or BXPE, is Blackstone’s largest ever for a retail vehicle....
...retail real estate defy the wider downturn....
With Chinese tariffs expected to end in 2024, wine oversupply should diminish
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...While Rekom still has several dozen licensed premises, the 17 closures have largely been concentrated in cities that host tens of thousands of students, such as Nottingham and Coventry....
...GMB union said more than 1,000 members walked out at an Amazon warehouse in Coventry last month as the company prepared for the Black Friday sales, a critical period for the online retailer, after staff...
...Some three-quarters of these retail shareholders voted for Disney’s nominees, said a person familiar with the matter....
...Vinyl LP purchases rose 11.8 per cent year on year to 6.1mn units, their fastest pace in more than 30 years, showing the continued popularity of a format that had been written off by many as old-fashioned...
...There is scope for growth in infrastructure, insurance and retail products for Blackstone. But questions about maturity is one for the crystal ball....
...Coventry City and Luton Town will make an unlikely duo when they compete for one of the biggest prizes in world sport on Saturday afternoon....
A well-matched duo announces an all-stock merger
...In September it shut its US consumer, media and retail private equity investment group and dismissed some investment staff, choosing to focus on areas with better investment opportunities....
...Smart reads The toxic tycoon Mike Ashley, the retail tycoon behind Sports Direct, is suing Morgan Stanley over a $1bn trading row, The Sunday Times writes....
Plus, Carlyle co-founder gets into baseball, football’s transfer market tanks
...Our Core Retail portfolio consists of 110 million square feet across 109 best-in-class malls and urban retail properties across the United States....
...But as retail capital flows to private asset managers, and those managers pull risky credit assets out of banks, systemic risk will remain in the financial system, even if it takes new forms....
...Like the other retail funds, BXPE is perpetual in nature, meaning Blackstone is under no obligation to sell assets and return cash to investors....
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