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...Revenues at the private bank fell 17 per cent in 2023 to $2.3bn, and totalled $7.1bn across Citi’s wealth management division, down 5 per cent year on year....
...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, purchased 17...
...UK broker TP ICAP has separated a fast-growing division that sells data to traders as it attempts to respond to pressure from its investors to return capital....
...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....
...It recently appointed Dan Lin as the new head of its film division. “Even though we have made and we are making great films, we want to make them better,” said Ted Sarandos, co-chief executive....
...Saying goodbye to ice cream means hiving off a division that accounts for about 16 per cent of Unilever’s overall sales....
...Louis-based broker-dealer divisions of Stifel, settled with Finra for just over $1mn for failing to establish suitability policies for recommending non-traditional ETFs....
...as a boring admin drone, probably a drag on the division....
...All teams working on its AI models, including its flagship Gemini chatbot, will be unified under its DeepMind division run by Demis Hassabis, according to a memo on Thursday....
...The move comes after Paramount’s board spurned a bid from Apollo to buy out all of the media group’s shareholders at a valuation of between $17 and $19.50 a share, according to people briefed on the matter...
...Duato has previously said J&J would aggressively pursue deals in high-growth segments of the business, such as its medical technology division....
...Quarterly revenues slipped 3 per cent to $17.4bn. Citi’s full-year earnings dropped 38 per cent from the previous year, to $9.2bn....
...Citi’s banking division reported revenues of $4.6bn for 2023, down 15 per cent from a year earlier....
...Total US revenues were up nearly 56 per cent between January 1 and March 17. At the end of 2023, its share of the sports betting market stood at 53.4 per cent. Of course, much can still change....
...Some businesses continued to struggle, including the wealth management division....
...Johnson was born in Shreveport, a small city in the north-west corner of the state, in 1972 to a 17-year-old mother....
...The company’s shares rose 5 per cent in early New York trading, but remain about 17 per cent lower than before the accounting investigation was announced....
...The real division is between those who see the AI future through a glass darkly, and those, such as Cowen, who embrace its optimistic potential....
...The energy division also encompasses HomeServices of America, a real estate brokerage enmeshed in its own litigation....
...AustralianSuper, the country’s largest pension fund and owner of 17 per cent of Origin, thought it undervalued the company....
...Companies were reassessing priority areas for investment and cutting positions in costly but non-core divisions, said Daniel Keum, associate professor of management at Columbia Business School, such as Amazon...
...The $27.2bn in flows garnered by active ETFs in March soared above previous monthly high water marks of $20.7bn, $17.6bn and $14.7bn, which were set in February, January and December, respectively....
...Once closures are taken into account, just 17 per cent of funds outperform over ten years: Active managers did best relative to passives during the China-led stock market sell-off in 2015-16, the 2021 everything...
...Yet today, 70 per cent of revenue in its largest division comes from Boeing. The 737 Max programme is particularly crucial to Spirit....
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