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...Japan’s sovereign development bank is investing in UK life sciences for the first time with funding for 4Bio Capital, a UK venture fund that backs advanced treatments such as cell and gene therapies....
...However, Schweizer said the consulting market “feels more positive” this year, adding that BCG’s sales were growing “in the teens again” percentage-wise, during the first quarter of 2024....
...“This additional capital will support further organic business expansion,” the company wrote in its bond prospectus....
...Investment banking revenue increased despite a “decline in global fee pools”, said Nomura, with a particularly strong performance in Japanese equity capital markets....
...Despite the woes of its manufacturers, Germany’s PMI reading rose above the 50 mark that separates growth from decline for the first time in 10 months....
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...However, Microsoft’s Azure offering “is the only software business that is benefiting from AI at this point in the cycle”, said Brad Sills, research analyst at Bank of America....
...One scoop to start: Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment...
...First, there are the workers. In a speech on Monday, the Bank of England’s Nat Benjamin reminded us that 2.2mn people in the UK work directly for private equity portfolio companies....
...Alphabet’s market value surged 10 per cent on Friday to more than $2tn after Google’s parent company announced its first-ever dividend and reported strong growth across its main business lines....
...This was the first time he has sold shares in the bank other than for charitable or tax purposes. Jefferies said Handler, 62, was using the cash to buy a boat and pay tax obligations....
...One reason the profits are gushing at JPMorgan, compared with many of its peers, is that the bank has a much lower cost of capital....
...BlackRock’s iShares arm topped the quarterly flows league with €14.1bn of net sales, ahead of DWS’s Xtrackers business and Amundi, which respectively attracted €8bn and €5bn of net new money....
...Albert Bridge Capital holds shares in Porsche SE, which is part owner of Volkswagen....
...for banks and brokerages....
...So their response to every crisis is the same: capital must be raised from x to y without ever explaining why x was insufficient in the first place (and y won’t be either)....
...Declining used car values will have an impact on the business, including as clients buy the cars at the end of their leases. Arval’s revenues fell 5.8 per cent in the first quarter....
...Although profits are expected to be lower for many this year, shares in some of them may get a boost if Basel III capital requirements turn out to be not as bad as feared....
...The result, says Fink, has been far more dynamism in the economy as traditional banks face prudential constraints — capital requirements, limits to business practices — designed to undercut marginal risk...
...The most likely scenario, he says, is that the bank will now face funding costs in excess of its return on assets — eroding capital slowly and zombifying the bank....
...JPMorgan hired him in 2000 to build a business for the bank in convertible bonds. There Raghavan dominated rivals....
...“Statistically the first quarter was pretty woeful,” said Nick Braybrook, head of London capital markets at Knight Frank. “But actually it is not reflective of what is going on out there....
...Both Tesla and BYD — the world’s first and second-largest EV manufacturers — reported a strong drop in sales in the first three months of this year compared with the previous quarter....
...Simon has updates on legislation from the European parliament with important implications for sustainable business, and Kaori and Lee share a global perspective on sustainability bonds....
...Analysts expect investment banking revenues to rise in the first quarter from low levels a year ago, with activity in mergers and acquisitions and capital markets underwriting showing signs of recovery....
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