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...Leahy said that in recent years CD&R had “never really been able to do a consumer deal”, adding: “They’ve all been retail deals and also we’ve never really done a leisure or consumer services deal.”...
...A YouTube user called PluggingAI offers songs imitating the voices of the deceased rappers Tupac and Notorious B.I.G....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Yields on single-B rated debt — a marker of the leverage common in buyouts — have surged from 4.7 per cent at the start of the year to 8.9 per cent, according to ICE Data Services....
...When a courier received a receipt, all they saw was an anonymised route from A to B, alongside the number of miles and what they were paid....
...Bloomstran said there was already evidence Abel had made a difference to the dozens of subsidiaries within Berkshire’s manufacturing, services and retailing division, home to an eclectic range of businesses...
...We have a 70 per cent service-sector economy. Historically, there’s only been 13 quarters of negative growth in 100 years of the service sector....
...The largest holder of Paramount’s B shares is Warren Buffett’s Berkshire Hathaway, which in 2022 disclosed a stake of about 75mn shares at $28 per share — almost twice the share price today....
...The return of Ma Baidu was once known as the “B” in BAT, beside Alibaba and Tencent in the acronym synonymous with Big Tech in China....
...The retail report underscores one complexity of this cycle: the unstable balance of goods and services spending. As we noted last month, the goods-back-towards-services rebalancing may well be over....
...This matter was reviewed by executive management and in discussion with the Board it was decided to appoint an external professional services firm (Big Four Accounting Firm) to assist in performing a number...
...The high street department store FW Woolworth folded in 1997, but the spun-out B&Q remains a key part of Kingfisher....
...The downgrade from double B plus, S&P’s highest non-investment grade, to double B came after SoftBank’s tech-heavy Vision Funds this month posted record annual investment losses of $39bn....
...“There is no Plan B,” said Prommin. “The people are waiting. What else do you suggest?” A version of this article was first published by Nikkei Asia on November 28. ©2023 Nikkei Inc....
...Wallenberg said A and B shares worked well “for those who want to be a long-term shareholder and maintain control”, such as Investor....
...With our emphasis: B. An order of permanent injunction prohibiting Defendants and any other person or entity associated with them, from engaging in conduct described above . . . C....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Having experimented with services like TinyLetter and Revue (RIP) it’s hard to deny that Substack have built something pretty good....
...Its 2.5 miles of civil service linoleum-lined, cream-painted corridors have been turned into an oak-panelled evocation of a gentleman’s club-cum-country house....
...Out of desperation, they turned to young talent inspired by European cinema and weird B-movies — including Robert Evans, Martin Scorsese, Francis Ford Coppola and the rest of the American New Wave....
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...Series B start-ups were valued at about $84mn, 58 per cent higher than 2019....
...[But] consumers have more touch-points in the food-service channel to experiment and purchase plant-based milk products and at a lower cost....
...Its stock market is full of exporters, meaning faltering global growth can fast become earnings weakness for Japan Inc. A US recession could be especially vicious....
...By contrast, services PMIs jumped from 50 in November to 54 in June....
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