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...Last week it took part in a $3.84bn debt sale tied to the buyout of software group Citrix, picking up the junior bonds at a deeply discounted price when lenders led by Goldman Sachs and Bank of America raced...
...The group’s purchase of the bonds tied to Nielsen underlines the group’s appetite for junk-rated debt....
...most of his group’s value....
...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
...a stable of international corporate groups such as AT&T, BlackRock and LVMH....
...Investors clamoured for junk bonds and loans backing private equity groups’ acquisitions of financial technology company Worldpay and healthcare company Syneos Health....
...In another example, Shenzhen-based Appotronics, which provides laser projectors for nearly half of China’s cinemas, will supply BMW with laser technology for some of the German group’s latest in-car displays...
...Operating earnings — Buffett’s preferred performance measure for Berkshire’s diverse group of businesses — rose 12.6 per cent from the year to $8.1bn....
...In 2021, then-Volkswagen chief Herbert Diess told the Financial Times that the Chinese group was the company the German automaker feared most. Yet BYD’s recent rise has surprised many in the industry....
...Berkshire has concentrated its financial industry investments on a handful of large US banks — Bank of America and Citigroup — as well as credit card companies including American Express, Visa and Mastercard...
...He had harsh words for buyout groups as well. “There’s too much private equity, too many buyers of all kinds . . it’s making it a very tough game for everybody.”...
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...Škoda Auto Volkswagen’s Indian factories can manufacture about 240,000 cars. The group made about 133,000 cars in 2022, approximately 55 per cent of its capacity....
...Big money managers have been contacting Goldman, Bank of America, Credit Suisse and other lenders on the Citrix deal to inquire about buying debt worth several billion dollars this year, according to people...
...Hertz and German payments group Wirecard....
...Apollo, Bank of America and Citigroup declined to comment....
...Kenvue, underwritten by Goldman Sachs, JPMorgan Chase and Bank of America, hit the public markets in May, at a valuation of $41bn....
...The investment in Alibaba and a handful of other publicly traded companies, such as Bank of America, Wells Fargo and Chinese carmaker BYD, has provided the Daily Journal with a quasi-endowment, with dividends...
...As well as Spain, the group is also active in the US, Italy, Australia, Japan and Latin America....
...The sell-off in financial markets hampered Berkshire’s equity portfolio, which includes large stakes in Apple, American Express, Chevron and Bank of America....
...Bank of America, Credit Suisse and Goldman Sachs declined to comment....
...Volkswagen and Hyundai are seeing sharp rises in their sales of electric vehicles....
...That makes Buffett’s investment group one of the lender’s largest shareholders, with a 9.7 per cent stake, according to data provider Refinitiv....
...For private equity groups like Vista, which rely on banks’ fundraising machinery to buy up bits of corporate America, rockier credit markets will cap the size of buyouts....
...CME Group plans to launch binary options in a push to woo more retail traders, offering a type of contract that regulators in much of Europe have banned as a form of gambling....
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