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...But there are signs that the deal freeze is thawing. In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...On international bond markets, Chinese companies, banks and government borrowers have issued $26bn this year, slightly above last year’s $24bn but otherwise the lowest level since 2016....
...This lifeline is at risk — yet all three stocks are trading at or above their three-year averages on a forward earnings basis. Constant takeover interest in the sector helps....
...Early signs suggest Flutter can still flourish stateside despite the competitive assault....
...Flows to active US exchange traded funds have surged past previous records for both monthly and quarterly hauls, helping to drive assets held in the vehicles above $750bn at the end of March....
...Daily passenger arrivals throughout 2023 were mostly well below the 3,000 mark, while in 2019 they were mostly above 5,000....
...Reddit’s closing price gave it a market capitalisation of $9.5bn, above the $6.4bn implied by its IPO price. Reddit had received a $10bn valuation in its last private fundraising in 2021....
...We got a fresh reminder of this yesterday, with an above-expectations ISM survey showing US manufacturing expanding for the first time in a year and a half....
...A reading above 50 indicates expansion from the previous month....
...Citigroup reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
...signs of renewed momentum”....
...Snacks and drinks seller PepsiCo’s quarterly revenue growth slowed down despite raising prices, in a sign that consumers are becoming more hesitant after years of food price inflation....
...For the move to happen, a majority of Tesla shareholders aside from Musk, must sign off. Tesla has a relatively large share of retail shareholders....
...The ruling came after Escobar Inc, the company set up by his brother, filed an application in 2021 with the European Union Intellectual Property Office (EUIPO) for registration of the word sign Pablo Escobar...
...It is probably a goodish sign that the most recent leg of the rally has been quite broad. A rally driven by just a few stocks is vulnerable to local accidents. But context matters....
...In 2021, Cook called autonomy “a core technology, in my view”, adding: “If you sort of step back, the car, in a lot of ways, is a robot. An autonomous car is a robot....
...“We see these deals as a good sign for the strength and depth of the market, and that’s what we’re telling clients,” said Rob Stowe, US head of equity capital markets (ECM) for Barclays....
...Earlier on Tuesday Netflix said it had struck a 10-year, $5bn deal with World Wrestling Entertainment, a move that will push it further into the live streaming market....
...notch above junk grade....
...Signs are emerging however that this shareholder exuberance could be peaking....
...However, there are increasing signs that the pound is set to embark on an upward trend....
...On the one hand, Schroders looked at data from March 1973 to December 2022 and found on average, over a 12-month period, gold returned 21 per cent above inflation during times of high and rising inflation...
...This is a sign of the inherent tension between Starmer’s growth narrative and his plans to address Brexit’s impact, which are inherently limited by red lines ruling out EU single market and customs union...
...of the market as a whole, and can boast expected growth far above the market average....
...While JPMorgan raised its NII outlook for this year by $1bn to $89bn, it also said deposit migration — or cash sorting — is not showing any signs of slowing....
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