Hints and tips:
...“Small businesses are not that stable and for a single one it’s very difficult to predict the revenue; maybe it can’t survive,” says Ke Chen, chief analytics officer at CSPI and a former analyst at S&P Global...
...But there is more to it than meets the eye, DD’s Kaye Wiggins and the FT’s Stephen Gandel report....
...News round-up Morgan Stanley accused of duping ECB with fake Frankfurt job title (FT) S&P Global close to acquisition of research platform Visible Alpha (FT) Carlyle in talks with London airport owner...
...Diageo’s new chief executive Debra Crew has taken up the position a month earlier than expected after the company said outgoing leader Sir Ivan Menezes was in hospital recovering from emergency surgery....
...Diageo chief executive Debra Crew said at the CAGNY conference of consumer analysts in Miami last month that prices would “normalise to one to two points of growth in line with historical pre-Covid levels...
...Net income jumped 201 per cent to $14bn, beating consensus estimates of $13bn compiled by S&P Capital IQ....
...The S&P 500 ended the day up 1.5 per cent. And there is more jobs data on the way. Employment figures for July come out on Friday....
...But at CEO level there are a bunch of intangibles such as how you might get along with your chief marketing officer or your head of HR,” said Ty Wiggins, a coach to CFOs who take the top job....
...Debra Crew, who previously ran Diageo’s North America operations has now started in the role....
...S&P Global Ratings declined to comment. Additional reporting by Laura Noonan...
...After 10 years as bar captain, Sir Ivan Menezes will hand the keys to Debra Crew, currently chief operating officer....
...S&P Global and Fitch rate the senior bonds in Azalea’s CFO as A+, an investment-grade rating that means it is deemed unlikely to default, and is far higher than the typical junk-grade ratings of individual...
...Shares in Blackstone, Apollo Global Management, KKR, Carlyle Group, EQT and Bridgepoint have all fallen this year by more than the S&P 500....
...Ignoring their contribution, the S&P 500 has shed $286bn so far this year....
...Additional reporting by Kana Inagaki in Tokyo, Kaye Wiggins in Hong Kong and Philip Stafford in London...
...On average, European leveraged buyouts had an equity contribution of more than 50 per cent in 2020, according to S&P Global’s LCD....
...Net income in the third quarter fell 52 per cent to $4.4bn, below consensus estimates for $5bn, according to S&P Capital IQ....
...By the end of last year, they held 22.8 per cent of shares in the midsized S&P 400 index, and 28.2 per cent of the small-company S&P 600 benchmark....
...The reason for the current popularity of the P phrase is that Ponzi schemes are prone to falling apart when asset values crash....
...Additional reporting by Kaye Wiggins in Berlin...
...Private jet spending rose 35 per cent, totalling $33.8mn among S&P 500 groups in 2021 — the highest since 2012, according to ISS Corporate Solutions....
...Peltz’s stint at Unilever will probably be a smoother one than at P&G, where he waged a bitter proxy battle, Lex notes....
...And while exceptions to that pattern aren’t unheard of — DD’s Kaye Wiggins has reported on a few — they’re, without exception, out in the open....
...By contrast, the S&P 500 index has recovered from a slump when the pandemic first struck and is up 16 per cent over the same period....
...Read the scoop from DD’s Kaye Wiggins here. Perhaps it was about money. None of the bidders seemed willing to pay anywhere close to the £2bn Brookfield had hoped for....
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