Hints and tips:
...Breit’s cash flows from operating activities fell slightly in 2023 as it sold property and left cash in liquid investments to meet redemptions....
...The increase caused an unexpected hit to operating profit. In early November, the bank confirmed it was on track to generate an operating profit of at least €240mn in 2023....
...JP Zammitt, who had been chief operating officer, will become the president of Bloomberg LP, while Patti Roskill will become the group’s chief financial officer....
...The Very Group has a complicated financing structure, including more than £1.5bn in securitised loans and bonds of £575mn in different parts of the operating company structure....
...Since taking the reins of Carlyle a year ago, Schwartz has hired former Goldman executives including investor relations head Jeff Nedelman and deputy chief operating officer Lindsay LoBue, who will focus...
...Christopher Finn, the longtime chief operating officer at Carlyle Group, is retiring this summer....
...Operating income at its theme park business rose 8 per cent to $3.1bn. But its movie business was hurt by weak cinematic releases including The Marvels and Wish....
...Its operating profit slipped slightly in the same year to £37mn because of one-off costs attributable to the company’s sale....
...Disney noted in its filing that Perlmutter had been a “staunch supporter” of Rasulo, who had been chief financial officer of the company but resigned after he was passed over for the role of chief operating...
...Malcolm Gomersall, the company’s chief operating officer, will run day-to-day operations while the firm searches for a replacement....
...But operating margins have struggled to reach 2019 levels. Cedar Fair shareholders will own 51 per cent of the company with Six Flags owners getting the rest....
...BPY reported interest costs in the quarter of $1.2bn, almost double those in the same period in 2022 and a sum not covered by operating income generated from property....
...A: Suzanne Vega Ryan Salame, the former chief executive of FTX Digital Markets, pleaded guilty in September to operating an illegal money-transmitting business....
...It will create a new profit metric called “total operating earnings” to highlight its more predictable earning streams, such as base management fees, spread-related profits from its insurance operations,...
...The company recently warned in regulatory filings that if the merger failed or it couldn’t find other sources of funding it “may not be able to continue as an operating company”....
...Salamone pleaded guilty last week and is co-operating with the government....
...We have a large number of securities in our hedge funds, and we have operating companies, all of which can be sources of profit or sources of capital to return to shareholders or unitholders as we look forward...
...In a message to staff seen by the Financial Times, Bloomberg said that JP Zammitt, who had been chief operating officer, would become the president of Bloomberg LP, while chief product officer Vlad Kliatchko...
...A winning bid at $1.6bn would value Simon & Schuster at 1.3 times sales, or 6.5 times operating income....
...The interest coverage ratio for these companies — the extent to which operating earnings cover interest payments — could reach 0.91 by December from 1.32 at the end of 2022, according to Moody’s, and could...
...Last year, Simon & Schuster’s operating income climbed 16 per cent to $248mn as revenues jumped 10 per cent to more than $1.1bn. Chief executive Jonathan Karp described the year as “extraordinary”....
...Job moves Shearman & Sterling’s chief commercial officer Robert Brown has joined Sheppard Mullin as chief operating officer ahead of its $3.4bn merger with UK firm Allen & Overy....
...“I didn’t predict the enormous crash but we knew there was a risk,” said one longstanding LP....
...“We are operating in uncharted territory in terms of the tremendous growth that Breit delivered since inception and running into a wall.”...
...“Unless you have been really conservative in your reserves . . . every venture firm is in need [of liquidity],” said the chief operating officer of one multibillion-dollar Silicon Valley firm....
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