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...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...Munich Re chair Nikolaus von Bomhard and his BASF counterpart Kurt Bock were both previously the most senior operational executives at their respective groups....
...But Cowen’s U-turn is striking....
...“These are extraordinary concessions by Visa, Mastercard and the banks,” said Jaret Seiberg, an analyst at brokerage TD Cowen, who added that the settlement could represent a threat to credit card rewards...
...SAP’s announcement “does go to show this is not a net job loss; it’s more of a reskilling”, said TD Cowen analyst Derrick Wood....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...“There’s been some frustration from the existing shareholder base who have owned Endeavor since the IPO,” said Stephen Glagola, an analyst at TD Cowen....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...The group estimated the rule would cost airlines $33bn over 10 years....
...Nike still dominates basketball, but its other categories face more competition”, said John Kernan, managing director at TD Cowen. “Brands cannot be all things to all people anymore.”...
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...In the years since, the group has made more than 30 such discoveries in the area....
...That matters, as it takes a majority vote to finalise a rule,” Seiberg, who is managing director in TD Cowen’s Washington research group, wrote in a note to clients on Thursday....
...“These companies are proving that there are multiple avenues of growth for them by product, region and distribution channel,” said William Katz, an analyst at TD Cowen....
...The management shake-up caps weeks of turmoil for the group after a door panel blew out mid-air during an Alaska Airlines flight in January....
...But investors have soured on the group as it competes in a costly streaming battle with larger competitors such as Disney and Netflix....
...Two investment banks, Scotiabank and Cowen, downgraded the company’s stock last month....
...When Donahoe first came to Nike it was “a period of a lot of disruption in the industry and globally”, said John Kernan, managing director at TD Cowen — even for big players with global name recognition....
Brussels seeks explanation from iPhone-maker after group behind ‘Fortnite’ has account terminated
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Lok’nStore is set to become the latest company to leave the UK stock market, after the self-storage group agreed to be bought by Belgian-listed rival Shurgard for £378mn....
...It also opened proceedings against Meta over whether the group’s new “pay or consent” subscription model complied with the DMA requirement for gatekeepers to obtain user agreement to “combine or cross-use...
...These two groups tend to eat out more often than older cohorts. That suggests less money through the tills at McDonald’s and KFC, which is owned by Yum Brands....
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