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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....
...He added: “If you’re growing at the pace that we are, then the P&L does manifest itself in cash requirements.” Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...The US start-up sector is still wading through the most significant drawback in funding since the dotcom crash. The pile of unallocated capital, aka dry powder, is vast....
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...And decisions made by index providers are increasingly shaping capital allocation....
...S&P said it expected funding to become more difficult for smaller oil and gas players as global demand for oil and gas falls, but said that borrowing would remain simpler for longer for larger companies....
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...The KBW Nasdaq Fintech index is up 31 per cent over the past year, compared with a return of 25 per cent for the broader S&P 500....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...French President Emmanuel Macron missed a G7 meeting at the weekend as he spent 13 hours meeting farmers at the country’s annual Salon de l’Agriculture trade show....
...S&P this month downgraded Thames Water’s top-ranked class A debt to BBB-, the bottom rung of investment-grade, just one notch above junk....
...However, in order to size the potential maximum impact to banks’ P&L, a scenario we think would be unlikely but possible, for example in times of financial distress, we have assumed that everyone older than...
...Companies are too reliant on banks for funding....
...Paris l’Été may be one of them: this offbeat multidisciplinary festival, founded in 1990 to serve Parisians who don’t flee the French capital over the summer, has generally avoided costly, high-profile premieres...
...“The run-up in bankruptcies and default rates last year is a very important reminder that the cost of capital matters,” said Apollo’s Slok....
...“Our view is that for reasonably high-quality businesses, there will be interesting ways to access capital,” said Ed Testerman, partner at investment management firm King Street Capital....
...European capitals are racing to find $1.5bn in emergency military funding for Ukraine to compensate for the congressional deadlock on US aid and delays in European production....
...Perhaps someone needs to tell start-ups that the days of ultra-low-cost funding are over forever....
...Tech M&A spending fell to a decade low last year, according to data from S&P Global....
...Non-sovereign fixed-income sales have picked up again this year and are approaching the $6tn mark, according to S&P Global....
...Its credit rating was downgraded by S&P Global last week....
...Analysts said the company had put up less capital against these deals than expected....
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