Hints and tips:
...The fight between the sides had been a rare controversy at a bank considered among the most profitable Wall Street advisers in history....
...Partner numbers rose from 672 to 714. Distributable operating profit for the year to May 31 rose 6 per cent to £756mn, on revenue up 14 per cent to £5.6bn, Deloitte added....
...In two hours’ time she will co-host a lunch for 22 with Laure Hériard Dubreuil, the founder of Miami-based fashion powerhouse The Webster....
...The latter does not charge a performance fee whereas the London-listed fund charges a 16 per cent annual performance fee on gains....
...Gilbert’s AssetCo business acquired a 63 per cent majority stake in Rize for £16.5mn in 2021 and later invested a further £5.25mn....
...If I reflect on the past decade, we’ve invested some $8 billion, building 16 originating platforms....
...Millennium has expanded its footprint on Wall Street by investing money with dozens of smaller funds through separately managed accounts....
...In 2010, it was 714. But Martyn Boyers, chief executive of Grimsby Fish Market, believes the Conservatives’ days in the town are numbered now that Brexit is no longer top of mind for voters....
...Alphabet’s net profit of $18.4bn was well ahead of the $16.9bn expected by Wall Street....
...The higher profit margin lifted net income to $18.4bn, well ahead of the $16.9bn expected by Wall Street....
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...In the US alone, fatalities totalled nearly 43,000 in 2021, a 16-year high....
...Goldman Sachs, Bank of America, Credit Suisse and 30 other lenders on Tuesday sold $3.84bn of junior bonds backing Elliott Management and Vista Equity Partners’ $16.5bn buyout of Citrix....
...Fund managers are lining up to buy a piece of some of the riskiest slices of debt backing the $16.5bn buyout of software maker Citrix, in a sign of the resilient appetite for high-yielding investments even...
...I count 16 lamps before I finally drift off, wondering what such numbers say about the travel industry, the city and the country....
...journalists including Unhedged’s Rob Armstrong and guests for a subscriber-only webinar on the collapse of Silicon Valley Bank and the fallout for the banking sector and tech innovation on Thursday, March 16...
...Elliott is learning the challenges of competing against Microsoft for itself after buying rival Citrix Systems for $16.5bn last year....
...Wall Street lenders led by Citigroup and Bank of America have been forced to wire a $5.45bn cheque to private equity giant Apollo Global Management to fund its takeover of auto-parts maker Tenneco, cash...
...Smart reads Feeling the pain Banks lost $600mn on the $16.5bn leveraged buyout of Citrix....
...Yet the financial damage inflicted from underwriting the $16.5bn leveraged buyout of Citrix may only be beginning....
...One creditor called the $16.5bn LBO a “bull-market deal” that made little sense now....
...But Alphabet finance chief Ruth Porat called the company’s second-quarter performance “solid”, noting that on a constant currency basis revenues were up 16 per cent....
...Shares in Ted Baker fell as much as 22 per cent in early trading, and were 16 per cent lower at 113p by midday....
...What happens when Spacs no longer sell themselves At the peak of the Spac frenzy, investors worried about missing out on Wall Street’s hottest investment product and clamoured to get a slice of the action...
...Milken, and many of Drexel’s clients, were considered aggressive outsiders, unafraid to gatecrash Wall Street....
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