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Creditors holding £5bn of debt have been spooked by default of parent company this month
...The fund this year agreed to hand back a chunk of investors’ money after failing to deploy all of the capital it raised in the allotted time....
...These range from SFr200 for claimants holding up to SFr10,000 of bonds to more than SFr15,000 for those owning more than SFr5mn, according to documents seen by the FT....
...The Austrian billionaire brought in some new money, including €100mn from the Middle East and €400mn in capital from Signa Holding’s existing shareholders....
...“We feel strongly that the Japanese precedent is driving incremental change in Korea,” said Smith, whose London-based fund Palliser Capital has called on Samsung C&T’s management to reform its capital allocation...
...Two of the people said that Elliott’s position was relatively small and it was still evaluating whether to build it to a more material holding. Elliott declined to comment....
...Management maintains that improved capital allocation is demonstrated by the 280-basis point increase in the group’s return on invested capital to 22 per cent....
...Elon Musk’s xAI: Sequoia Capital, Silicon Valley’s best-known venture capital firm, has committed to investing in the billionaire’s AI start-up....
...Intel, Capital One and Snap report after the bell....
...The complexity of Thames Water’s capital structure means that bondholders are now jostling for position, with rival groups banding together and hiring restructuring advisers....
...Related: Bond fund giant Pimco told the FT it was holding a smaller than usual position in US Treasuries and preferred the bonds of countries such as the UK and Canada. 2....
...The Bermuda regulator declined to comment. 777’s founder previously told the FT that 777 Re was working to reduce its holdings of illiquid assets but did not need more capital and had “done absolutely nothing...
...“The outcome of the annual general meeting reflects significant minority shareholder support for greater shareholder returns,” said James Smith, founder of Samsung C&T investor Palliser Capital and former...
...A-Cap’s plan to raise capital is a response to the downgrade from AM Best, which centred on concerns about 777 Re’s holdings. 777 Partners co-founder Josh Wander told the Financial Times that he was “not...
...The company could be split into a “London Water” company serving the capital and a “Thames Valley” business serving the rest of its area, according to the plans that were leaked to The Guardian newspaper...
...Their holdings of UK-listed stocks have subsequently plunged over decades....
...holding company through which she controls Paramount....
...More OpenAI news: Singapore’s Temasek Holdings, one of the world’s biggest and most active investors, is holding talks about investing in the ChatGPT maker. 2....
...This could trigger a messy debt restructuring or insolvency of this holding company. Bondholders and banks could theoretically push to take control of the company through a debt-for-equity swap....
...Financial Times Climate Capital Live: The two-day event provides a unique forum for climate leaders, politicians, chief executives and financiers to discuss how their organisation can move from commitment...
...Booking Holdings, Block, and Intuit report after the market closes....
...European capitals are racing to raise $1.5bn in emergency funding to provide Ukraine with ammunition to shore up the front lines....
...The episode sparked a political and financial scandal and left investors holding billions of bad debts....
...If it does not receive them, holding its lines will prove difficult — and Kyiv risks losing a lot of men by simply holding on, even if it does so successfully....
...Phil Smith, head of Emea LDI research at BlackRock, the world’s largest asset manager, said demand should remain robust, with sterling-denominated corporate bonds tending to make up “the majority” of these...
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