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...The average cost of an audit for a public company in the UK jumped from £397,000 in 2017-18 to £694,000 in 2022-23, according to research by the Quoted Companies Alliance, which represents small and medium-sized...
...“It sends a strong strategic signal to China and North Korea and it’s meaningful from the point of view of deterrence to say that the US will strengthen the command structure in Japan,” Oriki told the Financial...
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...In the summer of 2020 when the Financial Times reported that Japanese government officials had tried to merge Honda and Nissan, sceptics scoffed at the idea as akin to mixing “oil and water”....
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...The merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...Burford Capital, dual listed in London and New York, is up 70 per cent in the past year but still below where it was in 2019 when hedge fund Muddy Waters attacked its financial reporting....
...At a more modest multiple of 18 times, and applying an IPO discount of perhaps 25 per cent, yields a valuation of €13.5bn, at the lower end of the €13bn to €15bn that CVC is reportedly targeting....
...The past two years have highlighted the flipside of the equation. The private equity industry has $3tn of unsold assets — more than 40 per cent of which it has held for more than four years....
...Bank of America and Morgan Stanley report today. There are glimmers of hope that investment banking might also be set for a comeback....
...You can probably guess the conclusion: We don’t know exactly when the next sting jet of illiquidity will hit markets but, when it does, the financial storm will be declared ‘shocking’ and ‘out of the blue...
...with the rest of financial markets....
...price — aping a strategy that has long been popular in more established financial and commodity markets....
...The result is tailored solutions for businesses and reduced risk for financial services companies. It is a win-win scenario for everyone involved....
...assets under management, with the bulk of that in its private equity strategy....
...The idea of a sale of parts resurfaced following the appointment of former banker and Aviva executive Jason Windsor as Abrdn’s chief financial officer....
...public outrage over their pay in the wake of the 2008 financial crisis....
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...Ruffer said at the time that there was “no connection between Crispin Odey and the running of or oversight of Ruffer LLP”....
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