Hints and tips:
...shortage of copper because of a lack of new mines under development — even as demand is set to almost double to 50mn tonnes per year by 2035 because of the boom in renewables, EVs and AI — according to S&P...
...I still define myself as P&G, to be honest, and I’m still using most of my learning, most of the skills I picked up there in the business today.”...
...Mining M&A only tends to generate large cost savings when the two companies’ operations are in close geographical proximity to one another....
...Susannah Streeter, head of money and markets at Hargreaves Lansdown, said M&S’s “bread-and-butter customers” had “higher disposable incomes, which is partly why the chain is showing such resilience”....
...Take Signature Aviation, the private jet business taken private by Blackstone in 2021 and a company that made more than 90 per cent of its sales in North America in 2022, according to S&P Capital IQ....
...A recent report by analysts at S&P Global made clear how little incentive these companies have to change their ways....
...Coates also narrowly trumps the best-paid executives in the US S&P 500, where Blackstone’s Stephen Schwarzman earned $253mn last year (he separately received about $1bn in dividends) and Alphabet’s Sundar...
...He said he hoped an inquiry into the matter by the Civil Aviation Authority would happen quickly....
...“I’m not sure we will see a profit like that again. Calling a winner seems too early.”...
...I’m Marc Filippino and here’s the news you need to start your day....
...Neil Roberts, head of marine & aviation at the Lloyd’s Market Association — a trade association which represents underwriters across the specialist market — highlighted a “growing grey fleet that operates...
...“It was less than [one minute] so I’m proud of myself!”...
...With new fossil fuel infrastructure facing heavy opposition in the US, expect the midstream M&A drive to continue....
...Here’s what else I’m watching today: Retail earnings: Target and TJX Companies report this morning....
...I’m thrilled....
...“When the business downturns, the easiest call to make is to cut heads with no thought at all as to what I’m losing,” said Dave Coates, a former human resources manager at Precision Castparts who retired...
...of imprecise cyber war exclusions could hurt the development of a sustainable cyber insurance market, which is in no one’s interest,” warns Simon Ashworth, head of insurance analytics and research at S&P...
...Nestlé’s M&A regrets It’s not often that the head of a large company publicly admits its dealmaking was a mistake. But Nestlé’s chief executive Mark Schneider is feeling frank....
...Oil and gas producers (which make up the bulk of the S&P 500 Energy index) are still set up for healthy profits this year....
...Kirkland & Ellis London M&A partner Tom McCarthy is joining the legal team of private equity firm Triton Partners....
...Atos is burning cash flow at an average of €385mn annually through 2025, according to S&P Global estimates....
...“I’m very confident . . . we’ve been behind in terms of opening up compared to many of our regional competitors. But I don’t think we’ve lost anything structural....
...I’m not certain that this is true, but let’s assume it is. Is Buffett right to look past this risk?...
...His explanation of how one day you could use FTX to “buy a banana” (I’m not joking) left the Sequoia team in rapture. “I love this founder,” one said....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
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