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...People familiar with the retirees’ dispute said it centred on a discount rate being used to calculate the lifetime value of the partners’ retirement benefit....
...Under the terms of the original deal, unveiled last month, beneficiaries would get an extra 10 per cent on top of the calculated value of their retirement payments if they signed the waiver....
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...The Capital One deal will relegate Jamie Dimon’s bank to second place....
...clients and allows partners to realise value from their businesses....
...“We have built a leading global franchise in US rates products, and Euro rates is a logical next step,” Peng Zhao, chief executive of Citadel Securities, told the Financial Times on the sidelines of an investment...
...Bit Brother, which changed its name from Urban Tea in 2021 as it expanded into “blockchain-based” services, is emblematic of a trading boom taking place in some of the market’s cheapest shares....
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...“Ultimately we are a workplace and our policies and expectations are clear: this is a business, and not a place to act in a way that disrupts coworkers or makes them feel unsafe, to attempt to use the company...
...Exiting a partnership requires a valuation of that partner’s franchise. Higher interest rates are thus likely to reduce the net present value calculation, thinks Nasib Ahmed at UBS....
...If you want to own a company with a solid franchise and a little bit of expected growth — Waste Management or UnitedHealth or Marriott — you are going to pay up....
...“It creates an equity culture so that partners are focused on how to grow the equity value of the business and not just their own individual book of business.”...
...But ambitious deals in financial services are never easy to pull off. Visa and Mastercard collectively have an equity value of $1tn....
...The Santander AGM is due to take place on March 22....
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
...He added: “A key focus for employers should be on how to use these new tools safely, so that they can be applied correctly and create value.”...
...Their products were designed partly with the self-interested aim of maximising their own revenue in the first place, so forcing them to go back to the drawing board may be the only way to increase competition...
...Bridgewater, which in 2022 lost its place at the top of the all-time rankings to Citadel, fell a further two places to fourth, losing $2.6bn....
...Return of Trump The FT writes about how the least divided place in America feels about the inevitability of Trump’s return....
...Weighted average is probably a fairer representation of the value you are getting when you buy the whole lot....
...Capital One’s acquisition of Discover values its smaller rival’s stock 27 per cent above Friday’s closing price....
...Google parent Alphabet lost $100bn in market value on a single day when the bot gave the wrong answer to a question during a demonstration....
...Private equity houses that do take companies back into private ownership can try to build the businesses or carve them up to increase their value....
...Google declined to disclose ad spending figures for any of the bitcoin ETF spots, noting that costs are variable as advertisers bid to place ads through an auction process....
...Using a present-value discount rate as specified in the MLB collective bargaining agreement with players, the value of Ohtani’s decade-long playing contract for calculating the Dodgers’ payroll is just $460mn...
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