THE RAYNOR GROUP

Peter Mandelson’s advisory firm valued at £30mn in deal with ex-Obama aide

...The investment by the Messina Group, founded in 2013 by former Obama campaign manager Jim Messina, values Mandelson’s firm Global Counsel at about £30mn, said people close to the transaction....

April 17, 2024

Goldman Sachs Group

Goldman Sachs moves senior banker to Paris in post-Brexit revamp

...Dirk Lievens, who is head of Goldman’s financial institutions group for Europe, the Middle East and Africa, moved to Paris last month to be closer to the company’s continental European clients, including...

April 22, 2024

FT Live

Bank of the Year Awards 2024

Recognising the best in banking globally

News in-depthEnterprise software

The unstoppable rise of Fortnox: Swedish software group attracts short sellers

...At stake is the company’s market capitalisation which was $4.6bn on Tuesday, a 23 times multiple of forecast sales that has made it one of the world’s most highly valued software groups, more expensive on...

March 27, 2024

Bain Capital

Bain Capital promotes top dealmaker to co-managing partner

...Since 2016, Lavine and Connaughton, 58, have been co-managing partners of the group, overseeing its day-to-day operations....

March 27, 2024

News in-depthBayer AG

Bill Anderson: the Texan wrestling with Bayer’s mountain of pain

...what was once one of the world’s largest chemical groups and the pride of corporate Germany, with 100,000 employees and a market value that peaked at €121bn....

March 8, 2024

LexHelen Thomas

The Lex Newsletter: Big is still beautiful Premium

...Still, if you want proof that the bleating about London has gone too far, take a look at Wood Group....

April 17, 2024

FT Live

TNW Conference 2024 - The Next Web

Europe’s leading tech event for corporates, startups, investors and governments

Letter

Letter: Europe wants Biden to lift the pause on LNG projects

...Craig Mackinlay MP Chair, Net Zero Scrutiny Group, House of Commons, London SW1, UK...

April 26, 2024

News

Directors’ Deals: Dots director dashes for cash

...At the start of this year, Nanoco received the second payment worth $71.75mn and decided to return £30mn to shareholders through the tender offer, which was pitched at a 25 per cent premium to the share...

April 26, 2024

London Stock Exchange Group

LSE Group investors back doubling chief’s pay to US levels

...London Stock Exchange Group’s shareholders have backed a proposal to double the pay of its chief executive to a maximum possible £13.1mn, making David Schwimmer one of the top-paid FTSE 100 bosses....

April 25, 2024

Embracer Group

Debt-strapped European games group Embracer plans 3-way split

...Middle-earth Enterprises & Friends, which holds film and gaming rights to The Hobbit and The Lord of the Rings books as well as the Tomb Raider franchise, will remain part of the existing Embracer group....

April 22, 2024

Special ReportFTfm: Exchange Traded Funds

Women continue to lead the way in the ETF industry

...But the frankest account of why a women’s membership group was needed in the ETF industry — and why it helps to have men in the room — comes from Ross, an industry veteran who was behind the SPDR launch....

March 25, 2024

LexASML Holding NV

ASML’s poor quarter is not a good reason to fret about its future Premium

...This makes for uncomfortable reading, especially given the group’s strong share price run. Indeed, its stock fell about 6 per cent on Wednesday....

April 17, 2024

Special ReportThe Americas’ Fastest Growing Companies

Now Vertex wants to solve the opioid crisis

...But given the transformative nature of the treatment for a disease with a poor prognosis, the high list price has not held back sales for the pharma group....

April 26, 2024

LexHermès International SCA

This luxury Armageddon leaves investors spoilt for choice Premium

...The group has more customers for its £10,000 handbags than it actually produces....

April 26, 2024

Roche Holding AG

Roche cuts drug pipeline in effort to revitalise business

...Western pharma groups are seeking to diversify production for the US market away from Chinese contract manufacturers, in response to draft US legislation that would prevent some Chinese companies from receiving...

April 24, 2024

FT Live

Inside Politics: who will win the UK general election?

Exclusively for FT subscribers

Moral Money

‘The whole institution is boiling’: Revolt inside a key climate target group Premium

...Blended capital flows fell to a 10-year low in 2022, according to the most recent estimates by research group Convergence....

April 12, 2024

FT News Briefing podcast12 min listen

Trump’s Truth Social hits the Nasdaq

...Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...

March 27, 2024

FT Magazine

The Opus Dei diaries

...It was started in 2020 by former members and recently expanded to the English-speaking world through a Reddit group, called Opus Dei Exposed. The group has hundreds of members....

March 16, 2024

Matchesfashion.com

Prada and Burberry among Matchesfashion creditors owed £36mn

...The luxury brands are among more than 500 unsecured creditors to Matches, the ecommerce site bought by Mike Ashley’s Frasers group in December and which was placed in administration last month....

April 24, 2024

Oil & Gas industry

World’s most indebted oil group hits out at critics

...The company’s pool of investors for the bonds has dwindled, and much of the group’s longer dated paper remains firmly in distressed territory, below a widely recognised threshold of 70 cents on the dollar...

April 18, 2024

Management consulting

Former Tory leader William Hague joins corporate intelligence group Hakluyt

...and private equity groups....

April 18, 2024

LexING Groep NV

ING shows the way to win in European banking Premium

...Bringing the two in line could release €44bn of capital to recycle elsewhere in the group. Even partial success should lift ING’s share price, already at five-year highs....

April 4, 2024

Artificial intelligence

AI could kill off most call centres, says Tata Consultancy Services head

...In India — a global hub for back-office services — more than 5mn people work in IT and business process outsourcing, according to industry group Nasscom....

April 25, 2024

Design

Andrea Branzi’s experimental furniture at the Tefaf art fair

...Equally provocative are the “fake” modern masters — Kandinsky, Mondrian — painted for the group’s Bau.Haus Uno and Due series....

March 8, 2024

News in-depthMedia

The Amazon play that could change the game for streaming sports

...Diamond Sports Group, a consortium of a few dozen regional sports networks scattered across the US, was valued at $11bn as recently as 2019....

March 23, 2024

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