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...So it’s a very substantial group of people....
...reported $175bn in revenue from search and related ads last year, more than half its total sales, posing a conundrum for the company over how to embrace the latest AI innovations while preserving its biggest profit...
...The $62bn-in-assets firm delivered record profits for investors after fees in 2022, making it the most successful hedge fund firm of all time....
...The bloated share counts push up trading volumes but can weigh heavily on stock prices, particularly for lossmaking groups....
...Costs in the pass-through model typically work out at between 3 per cent and 10 per cent of assets each year, and a performance fee of 20-30 per cent of profits is typically charged on top....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...TCI and Pershing Square are the youngest funds on the list, competing with older groups such as Millennium and Citadel, which were founded in 1989 and 1990 respectively....
...Perrette said that the group was “way ahead of what we thought we’d do” in driving profits from its streaming platform. WBD will also start to crack down on password sharing among its existing users....
...shares (FT) Ocado threatens M&S with legal action over joint venture payment (FT) Man Group profits drop 60% after weak returns from quant strategies (FT) The Klarna drama reveals a governance gap (FT...
...ISS said the board had tried to justify the increase in Botín’s pay by pointing to the group’s strong results and shareholder returns, as well as the need to stay competitive with rivals....
...All three groups declined to comment....
...Below is a small representative group that, just on the numbers, caught my eye....
...A major shift will occur next year when the ESPN sports network, a longtime profit machine, will become available as a streaming service....
...“We will respond in the national interest,” he said, describing any situation where a company profits from another’s work as “unfair” and “not the Australian way”....
...Disney, Warner Brothers Discovery and Fox said they will pool their live sports programming into a comprehensive streaming service....
...Increasingly, smaller firms are also able to create and use self-service digital tools, provided by large tech groups such as Meta, which uses AI to generate multiple adverts tailored to the objectives of...
...Other groups, such as Amazon, have extended the estimated lifespan of their assets even further this month, which will mean more profits this year....
...Xiaohongshu or “little red book”, China’s answer to Instagram, has made its first profits as advertising and ecommerce revenues ramp up....
...a disappointing run of performance and a profit warning....
...“We would acknowledge that this is not going to be some sort of a V-shaped recovery. There are going to be plenty of troubled deals in the market,” added Gray....
...The central issue in the case was whether Google stopped rivals to its Play Store and payment services from gaining traction on Android devices....
...Real estate investment trusts must pay most of their profits to shareholders in dividends, but if profits cannot fully cover those payments, analysts consider it a warning sign that its payouts are unsustainable...
...Hulu, home to shows such as Only Murders in the Building and The Bear, has been in limbo since 2019, when Disney lifted its stake to 67 per cent through its blockbuster acquisition of 21st Century Fox....
...Defamation pit bulls Law firm Clare Locke helped win a $787mn settlement against Fox News. It was torn apart in the process, The New York Times reveals....
...The new reporting structure is aimed at increasing investors’ understanding of KKR’s ability to reinvest its profits internally — growth that doesn’t require it to add lots more staff....
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