Hints and tips:
...News round-up Hedge fund accused of masterminding tax fraud in £1.4bn High Court trial (FT) Trump Media’s first auditor quit months after being appointed (FT) Institutional investors pull $2bn from Ashmore...
...But on Monday, his high-end ecommerce company appeared to reach an unglamorous end as an independent business.Faced with a struggling business, plunging share price and credit rating downgrade, Farfetch...
...That home allowed ADIP’s fund investors to avoid corporate income tax, moderating their return requirements....
...The hedge fund firm told clients it was in “advanced discussions” to transfer certain funds and staff to rival groups....
...Hornby said he was “not giving credit” to the activist investors for the stock’s improving performance....
...“The government should expand the windfall tax immediately and use the money to fund home insulation, energy bill support and green heat.”...
...In today’s newsletter: Sam Bankman-Fried jailed Credit Suisse’s Saudi saviour Apollo’s AAA fund SBF gets his one phone call In a Twitter Spaces event with options trading platform Unusual Whales on...
...Rumours abound of investment banks pitching to other UK-listed corporates the benefits of migrating their listings to the US. Why has London lost its mojo?...
...In her late-twenties, she had spent two years as a Credit Suisse analyst and had two short stints at other crypto businesses before landing the high-profile role at FTX....
...The company has been accused of hypocrisy for paying very little corporate tax: it had a tax bill of just A$24.7mn in 2020 after paying nothing in 2018....
...and sovereign wealth funds....
...Its board of directors is made up of 16 men, corporate filings show....
...Reliance now has a better credit rating than India, with its bonds given a BBB+ rating by S&P, which judges the country at BBB-....
...However, at the time of its listing in 1994, the company was a credit-focused fund that did not compensate executives using carried interest....
...Kirkland & Ellis has named Mark Schwed as a partner in its tax practice group. He joins the New York office from Weil, Gotshal & Manges....
...have special tax perks called franking credits....
...Hitachi was advised by Credit Suisse, while GlobalLogic was advised by Goldman Sachs and JPMorgan....
...London should be “Dublin-on-Thames”, matching Ireland’s 12.5 per cent corporate tax rate to attract more multinationals, says Sir Paul Marshall, co-founder of the $50bn hedge fund Marshall Wace....
...Some of the highlights include Bill Ackman’s bet on corporate credit, which saw Pershing Square reap $2.6bn — one of the most successful trades of the year....
...Christine Feng has left her role as director of corporate development for Amazon Web Services to join Blackstone as senior managing director of its tactical opportunities and credit units....
...HSBC and Deutsche Bank resurrected plans for mass job cuts while Credit Suisse and Société Générale unveiled their own cost-reduction plans....
...Though stocks have rebounded on central bank support, the outlook for corporate earnings remains murky....
...One person close to a disappointed rival bidder said that, because of the high price, “it’s probably going to go down as one of the worst corporate deals in the last decade”....
...Overall market volumes in credit went down and the electronic trading share went down....
...Though, as September’s corporate tax cut announcement showed, the authorities are not tied to the budget for making policy changes....
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