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...It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron. CD&R has explored the possibility of selling MFG....
...CD&R and BC Partners declined to comment....
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...CD&R bought MFG for £500mn nearly a decade ago....
...Smaller rival H&R Block trades on a multiple of only 12 times. But this premium has more to do with bog-standard accounting than cutting-edge tech....
...R$69bn....
...In the last fiscal year, Apple spent twice as much buying back its own shares as it did on R&D....
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
...It’s not clear yet whether this means the R-star empire is striking back. Do leave other corny jokes about December/R-star/our excellent merch in the comments....
...Private-equity owned UK supermarket chain Wm Morrison has agreed a £2.5bn deal to sell its petrol forecourt business to the Motor Fuel Group....
...Jindal said the venture depended on MG for technology and that it wanted to, by 2030, “totally indigenise, even the R&D”....
...It is the second-largest domestic producer of industrial robots and an important maker of motors and other components for electric vehicles....
...CD&R’s other assets include Motor Fuel Group, the UK’s largest independent petrol station operator, and car windscreen repair group Belron....
...Indeed, Huffman pays tribute to r/wallstreetbets in the prospectus (emphasis added): Time and again, Reddit communities have provided exactly that context and been a tremendous force for good: they have...
...Spending on R&D reached nearly 8 per cent of revenue last year, up from just over 2 per cent a decade ago....
Tech group must rely on price rises or expansion to lift hardware revenues
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
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...In Reddit’s r/stocks forum, the social media network’s own users take a dim view of the company’s upcoming initial public offering. “RIP Reddit, it all goes downhill from here”, is the general view....
...In a line that seemed destined to make its way on to the r/wallstreetbets message boards on Reddit, Stein further called the claims “cogent and at least as compelling as the inference that defendants were...
...“AI is changing the way we do materials research and development, and it will vastly accelerate the speed of all-solid-state battery R&D,” the professor added....
...But there are concerns that, with such recent dominance, Red Bull was able to decide, early in the season, to divert its R&D programme to the design of its 2024 car, rather than develop the 2023 car as its...
...For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block. “It made us into a national firm, which was great....
...Most prominent among the city’s plans is a R$1bn subsidy package for companies that renovate old or abandoned buildings....
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