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...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...The disposal of overseas brands would allow Entain’s management to focus on revitalising operations in its core markets, such as the UK and Germany, where it has been losing market share....
...It said US asset management group Apollo had committed to providing financing for the acquisition through debt and a minority stake in the bidding vehicle....
...“Our ETF sales force is really part of our existing retail and intermediary sales force,” he said....
...Instead, in the event of an insolvency, debt in the securitisation is secured on claims from the proceeds of a sale to a suitable owner....
...Italy’s finance police raided the headquarters of Serie A football club AC Milan on Tuesday as part of an investigation into potential irregularities over its 2022 sale by US hedge fund Elliott Management...
...Gucci is in the midst of a turnaround under new management and a new designer, but that has yet to bear fruit....
...BlackRock’s iShares arm topped the quarterly flows league with €14.1bn of net sales, ahead of DWS’s Xtrackers business and Amundi, which respectively attracted €8bn and €5bn of net new money....
...Enter the UK asset management sector, likely to provide a flicker of optimism this week with interest rates no longer rising and restructuring efforts moving apace....
...Paul Singer’s Elliott Management and Boaz Weinstein’s Saba Capital....
...Schwab Asset Management, the company’s fund arm and one of the largest ETF providers in the US, said there was “a tremendous amount of interest” in US ETFs among UK investors....
...This is the seventh annual listing of the UK management consulting firms most recommended by their clients and peers....
...Toymaker Mattel beat profit expectations and expanded its gross margin in the first quarter, but missed revenue expectations as sales in its dolls and infant and toddler segments declined....
...“We navigated an unpredictable operating environment and continued to execute on our strategy to drive sales growth while taking strategic actions to transform our operating model and further enhance productivity...
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...The Middle East business, which brought in sales of £1.6bn in 2023, was seen as a key constituency in the leadership race, as it was home to more than a quarter of the roughly 1,400 partners who could vote...
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