Hints and tips:
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...Britannia is one of 12 mutual insurers that make up the International Group of P&I Clubs, which take the first $10mn of losses from any one incident themselves, share another slice of losses with the wider...
...Nielsen and auto parts maker Tenneco....
...Gold has traditionally tracked real rates of US Treasuries but he adds that “the Fed’s policies may not matter anymore to gold prices” given the new club of buyer’s motivations....
...As if to prove my point, while I was hobnobbing with couturiers on the sunny Mediterranean, several companies that live in the other half of the economic spectrum — dollar stores and warehouse clubs — reported...
...Sales across Caring’s companies are up between 15-18 per cent compared with 2019 levels. That puts the group on course for revenues of more than £600mn....
...A trio of Europe’s biggest insurers, including Axa, the group’s former chair, quit the Net-Zero Insurance Alliance yesterday, following other high-profile departures this month....
...While transparency groups still criticise the level of scrutiny, Ball says not every jurisdiction is as diligent as the UK, including Switzerland....
...Melrose would doubtless have sold the auto parts group for a fat return, given the chance....
...Insurance cut....
...Yet the Peterson Academy was born out of similar frustrations. In fact, it was founded a month after UATX was announced, right around the time of the Garrick Club dinner....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...That makes a shift in the UK pension industry’s risk culture crucial, according to Michael Eakins, chief investment officer of savings and insurance group Phoenix Group....
...The wider question for sport is whether clubs and leagues have been too eager to jump into bed with crypto groups seeking legitimacy. By nature, fans typically aren’t sophisticated financial investors....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Worcester Warriors were suspended from the league earlier in October after they failed to show the authorities proof of insurance cover, funds to meet monthly payroll and a “credible plan” to take the club...
...The International Group of Protection & Indemnity Clubs in London covers about 95 per cent of the global oil shipping fleet, Rystad Energy points out....
...Finders aren’t necessarily keepers Last month, a group of optimistic minority investors in Revlon sought to convince debt holders of the distressed cosmetics company that it was due to be the next Hertz...
...The remaining $300mn from the Greensill funds still to be recouped is made up of debt from an eclectic group of smaller companies....
...Stellantis, the group formed by the merger of France’s PSA and Fiat Chrysler, is in the process of opening one in the US after buying financial services group First Investors in September....
...Mike Yarwood, managing director of loss prevention at transport and logistics insurer TT Club, said claims had “dropped off” because of higher tolerance for defects among importers, although the group warned...
...UK chancellor Rishi Sunak announced proposals to reform rules around insurance companies, in what has been billed as the first big break between UK and EU financial rules since Brexit, to allow them to invest...
...The group also owns the property website Zoopla and a stake in the owner of Manchester City football club....
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