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...Vitamin Well had annual revenues of roughly €500mn in the 2023 financial year, according to a person familiar with its performance....
...“We could become a media [business] . . . a place where you have an audience and data about the audience and you monetise this,” Revolut’s head of growth Antoine Le Nel told the Financial Times in an interview...
...Chicago-based Grant Thornton is the seventh largest accounting firm in the US after the Big Four, RSM and BDO, with $2.4bn in revenue in its past financial year, which ran to July 2023....
SoftBank-backed fintech aims to offer current accounts to existing customers by end of 2024
...New York-based Presidio provides IT services to some of the world’s largest companies, including Amazon, and government organisations....
...Accounts filed in February for his holding company Odey Asset Management Group Ltd said he was “exploring alternative business opportunities”, without elaborating....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...Risks to financial stability may also stem from interconnections with other segments of the financial sector....
...The number of employees leaving professional services firms of their own accord has swung to historic lows amid a slowdown in dealmaking, prompting executives to desperately increase what they call “attrition...
...Dubbed the “inside-out” building with services such as water pipes and lifts running down the outside, One Lime Street has been compared by some to an oil rig and a motorcycle engine....
...“Some insurers were quite heavily hit by large losses, which speaks for our risk-taking,” said Lloyd’s chief financial officer Burkhard Keese....
...Burford Capital, dual listed in London and New York, is up 70 per cent in the past year but still below where it was in 2019 when hedge fund Muddy Waters attacked its financial reporting....
Investors should be asking what distinguishes private equity from other, more traditional, investment strategies
...For example, during financial stress different players may seek to use this market to lay off risk, disrupting the market’s normal balance....
Market sentiment is bound to be more fragile than it was only last week
Plus, Goldman Sachs goes back to basics and the Swedish powerhouse behind EQT
...The idea of a sale of parts resurfaced following the appointment of former banker and Aviva executive Jason Windsor as Abrdn’s chief financial officer....
European private equity group set to renew push for high-profile listing
...Copper was founded in 2018 in London by Dmitry Tokarev, former chief technology officer at wealth manager Dolfin Financial, which collapsed in 2021 after a Financial Conduct Authority probe....
London-based asset manager will cut staff across the business, including its private client and risk teams
...The Financial Reporting Council has since said that Grant Thornton’s audit quality has improved....
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...Concerns over effect on deal-focused culture The appearance of private equity groups on public markets took off in the years after the 2008 financial crisis when US giants Blackstone, KKR, Apollo Global...
...Ellesheva Kissin is a reporter at Banking Risk and Regulation, a service from the Financial Times...
...The announcement, which confirms a Financial Times report last week, comes despite renewed turmoil in the Middle East. CVC has twice postponed plans to float when geopolitics unsettled markets....
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