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...Grant Thornton is the seventh-largest US accounting firm by revenue and the deal with New Mountain represents the largest private equity investment in the accounting profession, coming hot on the heels of...
...He previously worked at insurance group Aviva for more than a decade....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...Grant Thornton is the seventh-largest accounting firm in the US with $2.4bn in annual revenue. The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...Google reported $175bn in revenue from search and related ads last year, more than half its total sales, posing a conundrum for the company over how to embrace the latest AI innovations while preserving...
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...The decision was seen as controversial because Grail has no revenues and presence in Europe, usually a prerequisite for mergers being investigated by Brussels....
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...The new data found that coal capacity outside of China increased for the first time since 2019, according to the non-profit research group Global Energy Monitor, as less coal power was retired than in any...
...Xiaohongshu or “little red book”, China’s answer to Instagram, has made its first profits as advertising and ecommerce revenues ramp up....
...The search group had been testing generative AI software internally for several months by then....
...It churned out an eye-popping 265 per cent rise in quarterly revenues, which reached a massive $22.1bn, beyond even the rosy estimates of Wall Street analysts....
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...The hotel group’s luxury and lifestyle division accounted for 43 per cent of revenues last year, up from 39 per cent the year before....
...Media groups more focused on traditional forms of advertising are already feeling the effects....
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...Below is a small representative group that, just on the numbers, caught my eye....
...Their nominal revenues went up alongside inflation. If they can defend their profit margins, which diversified big businesses tend to be able to do, then their dollars of profit will go up....
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