Hints and tips:
...News of the previously unreported discussion comes as Morgan Stanley faces a US federal investigation into its block trading business, where bulk sales of shares by an investment bank are typically big enough...
...For some, terminal. The restructurings, workouts, bankruptcies and bust-ups between partners are already under way, with more to come....
...Amer has appointed Goldman Sachs, Bank of America, JPMorgan and Morgan Stanley as bookrunners for the IPO....
...Tiger is seeking cash from large institutional investors such as pension and sovereign wealth funds as well as wealthy individuals with money at large brokerages like Morgan Stanley....
...The Tory donor and philanthropist will step back from his firm as the Canadian money manager bulks up in private credit....
...Smart reads Tough act to follow Morgan Stanley’s soon-to-be chief Ted Pick faces a challenge most Wall Street CEOs would envy, the FT’s Brooke Masters writes: keeping up the winning streak....
...Over the past decade, its private portfolio has grown to account for the bulk of Tiger’s more than $60bn in assets....
...Kinder Morgan, the largest US gas pipeline company — so a bit like National Grid — used to yield 4.5 per cent. Its dividends have risen from $0.725 in 2018 to around $1.12 this year....
...Archegos has hired restructuring and insolvency advisers, as well as lawyers and public relations advisers since the meltdown in March wiped out the bulk of its $10bn assets under management....
...The regional glut has been exacerbated this week by scheduled maintenance on the Kinder Morgan-operated Gulf Coast Express and El Paso Natural Gas pipelines, which carry gas from away from the Permian Basin...
...Ping An’s pressure campaign is being led by James Garner, its chief capital markets officer, who is responsible for the entire investment and who previously worked at HSBC and Morgan Stanley as an analyst...
...Mobileye had some advantages over the venture-backed start-ups that made up the bulk of listings in recent years. It boasts higher revenues, lower losses and a longer record....
...Although O’Hanley is widely respected in the industry, SSGA is growing more slowly than many of its main rivals, leading O’Hanley to look for acquisitions to bulk up....
...If the group picked London for its planned flotation it would join large listed competitors such as Balfour Beatty, Kier and Morgan Sindall....
...Carlyle’s 2006 leveraged buyout of natural gas pipeline company Kinder Morgan for $22bn was Youngkin’s signature deal....
...to bulk up their asset management arms....
...On NMC, EY’s audit was signed off in London, despite the bulk of the company’s trading and assets being in the Middle East....
...The company, which is still best known for its flagship news and information terminals, enjoyed the strongest asset growth of all index providers last year, with ETFs benchmarked to its indices attracting...
...Dennis Cornell, the co-head of energy investment banking for the Americas at Morgan Stanley, is leaving the bank after two decades, Bloomberg reported....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Kinder Morgan’s Gulf Coast Express scheme starts to fill next month and its Permian Highway project is due for completion 13 months later. This will be followed in late 2021 by the Whistler pipeline....
...(You’d probably assume it doesn’t, as the market for people who want the brand of a bulk powder on their chest ought to be quite small, but fashion is odd.) What’s a sustainable margin there?...
...The Trudeau government has a lot riding on the project, not the least of which is C$4.5bn it spent in May 2018 to acquire it from Kinder Morgan amid investor uncertainty over repeated delays....
...Valuation: We value Cranswick using a DCF model at 3,500p (7% WACC, 1% terminal growth), which implies a 20.5x P/E multiple on our FY22E EPS, in line with its 5-year average....
...Kinder Morgan had set a deadline of May 31 for a resolution of the uncertainty over whether the expansion would be allowed to go ahead....
International Edition