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...and fair view of the Group’s consolidated financial position.”...
...The FTSE 250 company, which offers investing and spread betting services, is currently manually refunding clients after an IT glitch resulted in money being mistakenly removed from a number of Isa accounts...
...The conglomerate never published consolidated accounts, and its three holding companies have different administrators, management teams and creditor groups....
...The acceleration in sales at Amazon Web Services, a critical profit driver for the ecommerce group, came as businesses spent more on cloud computing services, including new generative AI tools....
...However, rising rates have increased borrowing costs at companies PE equity groups own, putting them under more financial pressure....
...In India — a global hub for back-office services — more than 5mn people work in IT and business process outsourcing, according to industry group Nasscom....
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday....
...The US veterinary market has also consolidated over the past decade....
...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....
...Oilfield services groups were hesitant to leave Russia amid a western exodus following the full-scale invasion in February 2022....
...According to separate UN trade data from 2022, the UK has consolidated its position as the world’s second-largest services exporter after the US, accounting for about 7 per cent of global services exports...
...bidding war for Wincanton sent shares in the UK logistics company up sharply on Thursday, after US rival GXO made an offer valuing its stock 26 per cent higher than an existing recommended offer for the group...
...JPMorgan Chase chief executive Jamie Dimon has shuffled his leadership team and consolidated some of the bank’s businesses, grooming potential candidates who could eventually take over from him....
...An offer would place an enterprise value of between €1.5bn and €1.8bn on BDS, the French group’s big data and security unit, it said....
...impact on private equity groups....
...Grifols, Spain’s most successful global healthcare group, has been rocked by fraud allegations from a UK-based short seller that sent its share price plunging by more than 40 per cent and wiped billions...
...Crédit Agricole said on Monday that the deal, which builds on a partnership agreement announced last April, would lead to the creation of “a major player in payment services for merchants in France”....
...It had consolidated ebitda of $900mn in 2021. By 2023, that figure had jumped to $1.2bn though the stock price had fallen below $20....
...However, at the level of consolidated earnings before interest, taxes, depreciation and amortisation, News UK contributed a profit to parent company, the US-listed News Corp, for 2023....
...At Kering, customer disaffection for Gucci, the group’s biggest brand accounting for half of consolidated sales and two-thirds of profits — led the company to warn profits would fall as much as 45 per cent...
...US radio group NRG Media has used Waymark’s AI software to create a video advertising campaign....
...Including Endeavor’s majority stake in TKO, Silver Lake put the consolidated total enterprise value of the business at $25bn, making it one of the largest private equity takeovers in the past decade....
...Since White joined the mutual in 2020 from media regulator Ofcom, she has set out to substantially increase the profits the group makes from financial services and building rental homes on its property,...
...The group never published consolidated accounts and did not disclose its overall level of debt....
...The slowing sales growth comes as French billionaire Bernard Arnault, president and chief executive of the group, consolidated the hold of the controlling family’s next generation with nominations for two...
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