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...In 2022, its revenue rose 8 per cent to $1.4bn compared with a year earlier, although the company posted a net loss of $515mn, according to accounts published in Luxembourg....
...The Project Timber analysis suggests that the smaller share of creditors, who hold “Class B” debt — and own about £1.6bn of the Thames Water operating company’s borrowings — would probably lose 35-40 per...
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...holes than Swiss cheese, the company could keep hold of billions of dollars from recent asset sales without giving lenders a dime....
...In recent years, the company has sought to diversify through acquisitions. It bought personal finance company Credit Karma for $8.1bn in 2020 and email marketing provider MailChimp for $12bn in 2021....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...According to researcher Giuliano Bologna at Compass Point Research and Trading, Inc: In the third quarter of 2023, only six us banks had non-mortgage consumer loans (personal, student, etc), measured at...
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...No mention of the B-word, then....
...This year the oil company decided it had had enough. 4....
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...Here’s more on the big policy reversal by the world’s largest oil company....
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...“Ultimately, Fed hikes and tighter financial conditions will continue to increase delinquency rates for consumers, increase default rates for companies and put downward pressure on loan growth,” he said....
...the company could focus on a self-driving “robotaxi”....
...Both EY and PwC have resigned as auditors of Brooge since the company went public. PwC quit in December 2022, citing “disagreements” on matters of accounting with the company....
...DS Smith, whose US buyer said would seek a secondary listing in London for the combined entity....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...Morgan Stanley’s chief executive Ted Pick this week argued that the “existential” need for dealmaking from companies was starting to usher in a recovery in investment banking....
...Despite this thoughtful piece of temporal UX design by Julius Caesar, the end of February can still prove problematic for some companies (h/t to the eagle-eyed folks over at AlphaSense)....
...We do not forecast the company will generate sufficient EBITDA to cover its substantial cash interest payments....
...The Relocation Man Award 2023 Winner: Chris Smith, NeoGenomics Last year, we noted that Neogenomics chief executive Chris Smith had bagged $2.2mn in “relocation costs” upon joining the company....
...On Sunday Usher, the R&B star whose hits dominated in the 2000s, anchored a half-time show with appearances by collaborators including Alicia Keys, H.E.R. and Ludacris....
...Brad Smith, vice chair and president of Microsoft, added that companies have “a responsibility to help ensure these tools don’t become weaponised in elections”....
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