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...Lightspeed, which has $25bn in assets under management and has made early investments in Snap, Rubrik and Nest, had approached investors about selling a portfolio of 10 holdings it values at roughly $1bn...
...Many of those suppliers responded by switching to selling items on Temu, owned by Nasdaq-listed PDD Holdings, which is spending billions of dollars trying to replicate Shein’s success in shipping ultra-cheap...
Grosvenor seeks to diversify away from London estate as investors rush into private debt business
...However, those entities appointed restructuring experts on Friday and Signa Development’s bonds are trading at less than 10 cents on the euro, showing that bondholders are braced for heavy losses....
...Singtel last week reduced its holding from 3.9 per cent to below 3 per cent, according to filings....
...That’s about 10-18 times more than the public finance currently on offer....
...AliExpress and Temu, the low-priced marketplace owned by China’s PDD Holdings, were the fastest-growing online retail platforms for South Korean consumers last year, although they still trail the dominant...
...In a statement of intent, the shareholders have hired restructuring advisers at Alvarez & Marsal to engage with the creditors of Thames Water’s ultimate parent, Kemble Water Holdings....
...The travel sector continues to benefit from a post-pandemic boom in demand, despite high inflation....
...Berkshire trimmed its holding in the tech giant Paramount was down 5.3 per cent....
...Signa Holding was the ultimate parent company in a web of more than 1,000 corporate entities, which together are estimated by analysts to owe in excess of €13bn to creditors....
...As a result, about 10 gigawatts of cheap solar and wind power will gradually come on stream....
...However the oil and gas sector’s growth masked weakness elsewhere, with cuts at China’s biggest dividend payer, China Construction Bank, along with distressed property companies like Country Garden Holdings...
...But the interesting bit is that UK public sector pension scheme holdings of stocks now eclipse private sector holdings....
...The yield on the policy-sensitive two-year Treasury note was up 0.03 percentage points to 4.63 per cent while the yield on the benchmark 10-year note gained 0.04 percentage points to 4.26 per cent....
...Shares in Catalent jumped 10 per cent in early trading in New York. Novo Holdings owns 28 per cent of the shares in Novo Nordisk but has 77 per cent of the voting rights....
...Their focus is moving to previously overlooked sectors, such as the sleepy world of retail pharmacy. Despite the relatively small market size, there is much potential....
...Benchmark 10-year Treasury yields fell 0.06 percentage points to 4.19 per cent. Yields move inversely to prices....
...Labour’s shadow City minister has unveiled 10 advisers from the Square Mile, insisting her party has long stopped “sneering at business”....
...Chinese ecommerce group PDD Holdings has reported a more than doubling of quarterly revenues, hailing 2023 as a “pivotal” year during which its ultra-cheap shopping site Temu turbocharged growth....
...ASML’s order boom will cheer investors eyeing the next cyclical upswing in the chip sector. Its customers believe they will need more capacity some 18 months from now....
...The futures of Signa Holding, the parent company of the two, and Signa Retail, a third sister company, are still undecided....
...As well as the high proportion of index constituents advancing, all sectors rose, with utilities and real estate groups finishing as the top performers....
...Signa’s main holding companies are all domiciled in Austria. It is unclear whether any of them may also be part of the scope of the Munich investigation....
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