Hints and tips:
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...He said Europe had been fortunate with its weather last winter, which reduced demand for energy more than he had expected, but warned a cold snap could still have “brutal consequences”....
...As Qatar used its gas riches to snap up trophy assets in the 2000s, he headed the Qatar Investment Authority and was the face of a UK spending spree that took Doha stakes in London’s Shard skyscraper, Chelsea...
...However, Snap plans to reopen the office and wants to expand, according to person with knowledge of the moves....
...That did not deter companies including Magic Leap, Amazon and Snap from launching smart glasses in the years since, but none has achieved mass-market success....
...While debt default rates had fallen to historic lows, the number of companies pursuing financial restructurings and bankruptcies is expected to snap back as interest rates jump and a potential economic recession...
...🤷♀️) And some evidence sides with Team RTO....
Senvest Management snaps up shares in unloved oil and gas companies
...The bidder, Trillium Capital LLC, appears to be a small outfit based in Massachusetts....
...Snap has named former Google executive Pulkit Trivedi as head for India as part of a broader effort to grow its presence in the market....
...The luxury group, known for developing Donald Trump’s golf course in Dubai, aims to snap up the offices at bargain prices and turn them into plush places to work that meet ESG standards....
...News round-up Generali snaps up Conning to create one of Europe’s largest asset managers (FT) UK fintech raises up to £335mn in rare London IPO (FT) Man Group moves into private credit with US fund Varagon...
...Snap, the company behind Snapchat, has introduced parental controls and developed a wellbeing hub for users....
...Lottomatica — which has just over a quarter of the Italian gaming market — wants to continue to snap up minnows and gain scale. That is sensible, given the savings available as gambling moves online....
...In a separate update on Wednesday morning, NYSE also said that 81 stocks, including Morgan Stanley and Snap, had “erroneously” had short-selling restrictions applied....
...Since it launched a privacy policy in April 2021 that deprived companies such as Facebook and Snap from easily building user profiles and tracking their actions from app to app, shares in those companies...
...Most analysts blamed the disappointment on Snap’s own problems....
...PM: Facebook and Google are at least 85 per cent advertising revenue based . . . but, recently, Snap and Facebook have started monthly subscription programmes....
...Snap and Twitter both recorded operating losses. Shares in photo-posting network Snap are off nearly 90 per cent from their 2021 peak, reflecting laggard status....
...Last week, shares in Snap, the developer of Snapchat, lost nearly a third in value after it said advertisers were continuing to cut marketing budgets because of inflation and rising costs....
...News round-up Investors rush to snap up shares ahead of Porsche IPO (FT) Trump Spac changes address to mailbox at UPS store (FT) KPMG boss in Dubai attempts to reassure clients amid discord (FT) UAE...
...The case is part of a trend in distressed debt investing, in which investment funds snap up the discounted bonds of troubled companies in the hope of swapping that credit position for control of its assets...
...Analysts had been expecting a weak quarter, and in recent weeks projections had dimmed further as fears of a US recession heightened and smaller rivals such as Snap released underwhelming earnings....
...Snap pointed to the same factors last week. The question is whether Alphabet has longer-term problems....
...Advertising, typically the first line item of spending that companies cut in a downturn, is already slowing down, as evidenced in the second-quarter results of Snap, Meta and Google....
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