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...Its shares closed on Friday at $6.97, down around 50 per cent this year....
...Revenue growth was strongest in the Americas, Deloitte said, at 17.5 per cent in local currency, followed by Europe, the Middle East and Africa at 12.6 per cent, with its Asia-Pacific region lagging....
...The fund will focus on Warburg’s core business of corporate buyouts and equity stakes in companies, aiming to make between 75 and 90 investments averaging about $175mn apiece....
...In 2021 its Russian business paid about 6 per cent of its net revenues as dividends to its parent....
...Berkshire had struck a deal about six years ago to acquire an interest in Pilot Travel Centers, founded by billionaire James “Big Jim” Haslam II, patriarch of a powerful Tennessee family....
...Rhys Williams has brought the experience he gained working as chief executive at two private equity firms and two public companies to his current role overseeing about 6,000 people working in procurement...
...That is down from a 15-year high of 6.85 per cent in August 2023 but well above 2.4 per cent in early 2022....
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...Shares fell more than 6 per cent in after-hours trading in New York....
...Distributable operating profit for the year to May 31 rose 6 per cent to £756mn, on revenue up 14 per cent to £5.6bn, Deloitte added....
...Its shares rose 4 per cent on the earnings news, adding about $100bn to its stock market value, while Alphabet, Google’s parent, lost about $100bn in market capitalisation as its shares slid more than 6...
...Shares in Alphabet jumped more than 6 per cent in post-market trading. The company’s stock has already climbed 37 per cent this year, giving it a market valuation of more than $1.55tn....
...Kirkland & Ellis is opening a new office in Riyadh, Saudi Arabia led by corporate partner Kamran Bajwa....
...Join us on October 17 at the Biltmore Mayfair in London as we gather the biggest names in M&A, private equity and corporate finance, including a deep-dive with FT journalists into short seller Hindenburg...
...Millennium, meanwhile, recorded double-digit returns last year and is up 7.6 per cent in the first three quarters of 2023, while Citadel broke records with a $16bn profit in 2022 and gained 12.6 per cent...
...In the case of Finastra, the six-year loan carries an interest rate of roughly 12.6 per cent, according to people briefed on the matter....
...New fourth quarter data showed it fell 1.2 per cent in the eurozone but rose 2.6 per cent in the US, thanks to green fiscal stimulus, frenzied rehiring and a surge in new businesses....
...Starting on Monday, comedy fans will once again queue up outside New York’s Ed Sullivan Theater and Rockefeller center to see the funny men of late night television perform....
...The news lifted Google’s shares by 6 per cent in after-market trading, taking their gain this year to 46 per cent....
...BC started exploring options to exit earlier this year after IMA’s strong performance and received approaches from corporates, as well as other private equity firms, Ferraresi said....
...Ministers have previously warned that public sector pay deals set a template for the corporate sector, but government insiders said “the main transmission mechanism” to higher inflation was through more...
...In January, Google announced plans to cut 12,000 jobs, or 6 per cent of the total, along with a reduction in office space, resulting in $2.6bn of charges in the first quarter....
...The Astro Sculptor, which was sold in 2022 and renamed the Amber 6, is a typical example of a “grey” fleet vessel....
...The wider net is proving to be positive for efforts to diversify corporate leadership....
...Al-Gudaimi previously served as executive vice-president of corporate development at Saudi Aramco. One more thing . . ....
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