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...I’m sure [chief executive] Dave Calhoun and [commercial head] Stan Deal are on that . . . this is the last chance saloon.”...
...She worked on deals including Philip Morris International’s acquisition of the smokeless tobacco company Swedish Match, and the £4bn purchase of UK department store Selfridges by Thai conglomerate Central...
...Is the younger Douglas particularly religious? “I’m not, but I’m proud to be a member of the tribe. My mother was Episcopalian and as I grew up, I wasn’t considered a Jew....
...“I’m not sure a strong currency is going to prevent someone from buying an Nvidia chip or using Amazon [but] we would probably see an impact in the midsection of the S&P 500.”...
...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.”...
...In 2024. hell for private equity firms is a clogged IPO market and a backdrop of dormant M&A interest. They have been trapped with a “towering backlog” of an estimated $3tn of assets to sell....
...Friday Interview: Philip Tetlock Philip Tetlock is one of the most influential social scientists in the world....
...“I’m very happy with them.” This article has been amended since publication to clarify that the valuation Douglas is seeking includes debt...
...“I’m getting a little bit tired of hearing, years after Covid finished, that we’ve still got issues today . . . we are currently retrofitting at vast expense over 160 of our older aircraft....
...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”....
...“Like I’m some sort of god painting the universe, but really I’m much more a technician trying to go, ‘Goodness me, how are we going to do this?’ as David piles problems at my doorstep.”...
...While 2023 turned out to be a quiet year for takeovers, the US M&A market saw record volume in 2021, when deals were worth $3.5tn, surpassing the previous records set in 2018 and 2019....
...Albert made a will in 2015 leaving his 25 per cent shareholding solely to Philip so that on his death, Philip would own 50 per cent of the business, with Richard and Adrian each taking 25 per cent....
...“I’m quite happy about it and I [shall] go on working for as long as I want to.”...
...“I’m angry. I’m angry. I’m more than frustrated and disappointed. I am angry,” he said....
...Behind your hotel, the driver said, are many other versions of the same hotel He turned in his seat and gave Philip a grin Philip grinned back You learn fast, he said An encounter in Spain leads Philip...
...The good news is that Lex believes there’s more room for Philips shares to rise further....
...“The relentless M&A and the de-equitisation, the lack of refilling the hopper is starting to bite quite hard,” he said. “I’m not convinced the IPO market is going to open soon.”...
...Lockheed, as it was known before its merger with Martin Marietta, withdrew from the commercial market in the 1980s, and a weakened McDonnell Douglas combined with Boeing in 1997....
...Sales at Greencore, which supplies packaged food products to almost every big supermarket chain including Tesco and M&S, have been buoyed by workers returning to offices following the pandemic....
...“Being vulnerable is my superpower when I’m creating,” she says....
...“I’m not sure how the government can reconcile that without seeing huge spikes in prices for consumers . . ....
...“I’m the only one who has ever beat [Trump]. And I’ll beat him again,” he said....
...Dear reader, After a week off, I’m catching up on the Lex column’s output myself. And there is plenty to chew over....
...Scrolling through its website, I’m drawn to Philip Maltman’s works on canvas in particular....
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