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...US asset managers Fidelity and Capital Group between them raised their stakes by more than SFr1.5bn and are now top-10 independent shareholders, according to data from S&P Capital IQ....
...But at least half of 2023’s reductions came from Wall Street lenders, whose investment banking businesses have struggled to cope with the speed of interest rate rises in the US and Europe....
...the funds for another purpose — which was not discovered by the SoftBank defendants until after the transaction was complete — does not make the SoftBank defendants liable for [the Credit Suisse fund]’s...
British bank reports 13% decline in quarterly profits but still beats analysts’ expectations
...Diageo boss Debra Crew has vowed to get the drinks business back on track after a “perfect storm” in Latin America and customers trading down to cheaper spirits in the US pushed down profits....
...In total the region accounts for roughly 11 per cent of the value of the group’s sales, the majority of which are driven by its Scotch brands Johnnie Walker Black Label, Johnnie Walker Red Label and Old...
...The appointment of Crew makes the producer of Johnnie Walker whisky and Smirnoff vodka one of a handful of FTSE 100 companies with a woman at the helm....
...S&P gave the new UBS AT1 a BB rating, five notches below its A- credit rating on the bank....
...The UBS sale lifted AT1 borrowing this year to $53.5bn, according to data from LSEG — down considerably on the previous four years to date, but above 2018’s figure of $49bn....
...According to analysis by rating agency S&P, Spanish and Italian lenders have also passed on a smaller portion of the benefits of higher rates — known as deposit beta — to depositors than other banks, including...
...In a widely anticipated succession, the company said on Tuesday that Debra Crew — who was recently appointed chief operating officer — would replace Menezes at the maker of Johnnie Walker whisky and Smirnoff...
...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....
...Guest drummer Ian Thomas adds precision, guitarist Mike Walker a sophisticated blues-laced touch....
...Diageo and Debra will be in the penalty box until the second half of next year.”...
...NBIM, which was already a top-10 UBS shareholder, has overtaken US investors Dodge & Cox and BlackRock to become the largest investor, according to S&P Capital IQ....
...A public trial will be an unwelcome distraction for Diageo’s new chief executive, Debra Crew, who stepped into the role earlier than planned following the death of Ivan Menezes in June....
...UBS has a S$700mn ($510mn) bond that is callable at the end of November and $2.5bn bond that is callable at the end of January....
...“If you have fewer banks in the system, they control the market and they can more effectively control how much is passed on to consumers.” said Charnay of S&P....
...“You are not going to lose too many votes by increasing taxes on banks,” said Giles Edwards, a banks analyst at S&P Global Ratings....
...instance of retailer Belk in 2021, the court confirmed a bankruptcy plan within 24 hours of filing, a turnaround time described by one prominent law professor as emblematic of what he believed was Chapter 11’s...
...Menezes was due to step down at the end of this month, but on Monday Diageo said his successor, Debra Crew, would start the role immediately....
...A spokesperson for the Moreno campaign slammed the Democrats’ tactics, saying the party “constantly underestimate[s] the America First movement at their own peril”....
...The results are the first for Diageo with new chief executive Debra Crew in place, who took over earlier than scheduled after the recent death of Sir Ivan Menezes....
...After 10 years as bar captain, Sir Ivan Menezes will hand the keys to Debra Crew, currently chief operating officer....
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