Hints and tips:
...Breit’s cash flows from operating activities fell slightly in 2023 as it sold property and left cash in liquid investments to meet redemptions....
...The increase caused an unexpected hit to operating profit. In early November, the bank confirmed it was on track to generate an operating profit of at least €240mn in 2023....
...The Very Group has a complicated financing structure, including more than £1.5bn in securitised loans and bonds of £575mn in different parts of the operating company structure....
...Since taking the reins of Carlyle a year ago, Schwartz has hired former Goldman executives including investor relations head Jeff Nedelman and deputy chief operating officer Lindsay LoBue, who will focus...
...Investors also questioned some of the company’s reports, including its decision to change the presentation of its operating segments every year under CEO Eklund....
...Its operating profit slipped slightly in the same year to £37mn because of one-off costs attributable to the company’s sale....
...The company does not expect to see results from the crackdown until the end of this year....
...Disney noted in its filing that Perlmutter had been a “staunch supporter” of Rasulo, who had been chief financial officer of the company but resigned after he was passed over for the role of chief operating...
...Malcolm Gomersall, the company’s chief operating officer, will run day-to-day operations while the firm searches for a replacement....
...But operating margins have struggled to reach 2019 levels. Cedar Fair shareholders will own 51 per cent of the company with Six Flags owners getting the rest....
...It will create a new profit metric called “total operating earnings” to highlight its more predictable earning streams, such as base management fees, spread-related profits from its insurance operations,...
...JP Zammitt, who had been chief operating officer, will become the president of Bloomberg LP, while Patti Roskill will become the group’s chief financial officer....
...Deep inside the nested layers of funds, companies, insurers and partnerships of Canada’s Brookfield Corporation lies a real estate business that no longer covers the cost of its debt: Brookfield Property...
...Novo Nordisk became Europe’s largest company by market cap this year, its centenary. What was the first product it produced? How many of the S&P 500 companies have a female CEO?...
...The company recently warned in regulatory filings that if the merger failed or it couldn’t find other sources of funding it “may not be able to continue as an operating company”....
...Salamone pleaded guilty last week and is co-operating with the government....
...A winning bid at $1.6bn would value Simon & Schuster at 1.3 times sales, or 6.5 times operating income....
...The interest coverage ratio for these companies — the extent to which operating earnings cover interest payments — could reach 0.91 by December from 1.32 at the end of 2022, according to Moody’s, and could...
...We have a large number of securities in our hedge funds, and we have operating companies, all of which can be sources of profit or sources of capital to return to shareholders or unitholders as we look forward...
...KKR is in advanced talks to buy US book publisher Simon & Schuster from Paramount for more than $1.6bn, said people familiar with the matter, which would settle the fate of the storied company after years...
...The fund was meant, in theory, to keep the firm close to the best companies, benefiting founders and LPs alike....
...She discusses the need for more companies to step up for trans staff in an interview with the FT....
...In a message to staff seen by the Financial Times, Bloomberg said that JP Zammitt, who had been chief operating officer, would become the president of Bloomberg LP, while chief product officer Vlad Kliatchko...
...“We are operating in uncharted territory in terms of the tremendous growth that Breit delivered since inception and running into a wall.”...
...“Unless you have been really conservative in your reserves . . . every venture firm is in need [of liquidity],” said the chief operating officer of one multibillion-dollar Silicon Valley firm....
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