Hints and tips:
...Brunswick announced that chief operating officer Helen James will leave the firm and will be replaced by current UK managing partner Tom Burns....
...When the next round of restructurings hits, we may see some repetition, given borrowers’ aforementioned lack of guardrails and/or speed limits against cash burn and asset-base erosion....
...“Throwing money at [associates] is a short-term fix — they just burn out and leave anyway. The pay rates are unsustainable. I don’t think it’s the solution.”...
...Eileen Burns, chief digital officer, Arthur Cox Previously a consultant at Accenture, Eileen Burns joined Arthur Cox in 2018....
...The EU “red tape” that Truss promises to burn is also the glue that creates long term, predictable time horizons for investors....
...“That is one enormously bullish factor”, said Per Lekander, managing partner of Clean Energy Transition LLP. “If we have a cold period plus a lot of demand . . ....
...Let’s hope, like Surrey’s Rory Burns, he also has experience of leading a team containing the former captain: JM Finn’s outgoing CEO Steven Sussman will be staying on as chairman....
...Levinson’s second outcome is civil war....
...The prospect of continued cash-burn has prompted Swiggy and Zomato to double down on other business areas that might offer them different routes to profits....
...The latter used it in the slash ’n’ burn model that boosted margins at Anheuser-Busch InBev and other groups. ZBB worked brilliantly there — until suddenly it didn’t....
...Senior broking executives say there is little incentive to take over a rival when you can wait for it to burn through the last of its cash and then take on its clients instead....
...Cheaper robo-taxis could mean fewer people cruising around looking for on-street parking, which, Levinson says, makes up one-third of traffic....
...Funding Circle: burn rate Funding Circle isn’t exactly short of cash at the moment....
...“It needs to burn that away without burning down the trees. There’s a risk that happens, but they have the tools to deal with it,” he argues....
...Cash burn, which was cited by Mr Walker as one of his main reasons for ousting Mr Richards last year, was reduced to $600,000 from $5.3m....
...We have communicated our findings to CGI’s auditor BKD LLP, and we hope they consider taking whatever precautions necessary to protect public shareholders....
...2016, according to an internal document prepared by the then chief financial officer and seen by FT Alphaville, Powa had been “operating over the last 4 months with less incoming funds than monthly cash burn...
...On the deep pockets bit, have an estimate of Uber cash burn from IIFL, while remembering that Uber put $1bn into India in July with plans to spend that in nine months....
...The big question that still remains is how a startup burns through over $200m of cash in two years with so little to show for it at the end....
...Stewart compared it to a strategy employed by gangsters in the film Goodfellas, who after a restaurateur failed to repay a loan, have him take out an insurance policy on his restaurant, which they then burn...
...Robert Burns, a lawyer at Bracewell who represents the Cheniere subsidiary, acknowledged efforts were under way to resolve the dispute through commercial avenues....
...“The critical issue is the cash burn of around £1.5m a month when it was building up the business,” says Mr Herbert. “It should have raised cash when shares were trading at 300p, not at 80p.”...
...The flame that burns twice as bright burns only half as long. Pairs scare Forex volatility is hitting chief executives as well as delusional small-time traders....
...Most of which will crash and burn, just like real drones. Hey, I just ‘did’ irony! Go me!” jonathan.guthrie@ft.com...
...Private equity group Electra Partners, which has funds under management of more than £1.5bn, will invest £51m into the deal alongside The Original Bowling Company chief executive Steve Burns and his colleagues...
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