shareholdings
- Finance
Meet the latest IPO fad: Grills
The searing market for newly public companies has a new obsession: grills. Two leading sellers of outdoor grills and grilling…
Read More » - Tech
AT&T Lifts Revenue Expectations on Wireless Growth
AT&T Inc. said its core telecommunications profits are growing even as its Hollywood footprint is about to shrink, underscoring its…
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Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
Read More » - Tech
Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
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Goldman loses European dealmaker as boutiques circle prestige banks
Goldman Sachs executive director Benjamin Rouach is set to join boutique advisory firm Fenchurch, Financial News has learned. Rouach will start…
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AT&T tops earnings expectation as wireless churn matches record low
AT&T Inc. topped expectations with its latest financial results as the telecommunications giant continued to see low customer churn in…
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Martin Gilbert-backed AssetCo takes stake in thematic ETF firm
The deals company set up by former Standard Life Aberdeen co-chief executive Martin Gilbert has acquired a 63% stake in…
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View: How lockdown proved the M&A defeatists wrong
“Everything ground to a halt, full stop,” recalls an M&A adviser as the pandemic struck. When global lockdowns came into effect…
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Wealth manager Wren Sterling confirms sale talks
Wealth manager Wren Sterling’s sale talks have ended with a management buyout. A number of bidders were vying for the…
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UBS dealmakers’ fees surge by 70% as trading boom ebbs
UBS’s investment bank brought in fees nearly 70% ahead of last year during the second quarter, due to a surge…
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WSJ News Exclusive | Comcast CEO Brian Roberts and ViacomCBS Chairman Shari Redstone Met to Discuss Streaming Partnership
Comcast Corp. Chief Executive Brian Roberts met with ViacomCBS Inc. Chairman Shari Redstone in recent weeks to discuss a potential…
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IBM stock gains after earnings show second consecutive quarter of sales growth
International Business Machines Corp. reported revenue growth for a second consecutive quarter Monday afternoon, beating expectations and sending shares higher…
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Bill Ackman’s Spac is ditching the deal to acquire a 10% stake in Universal Music
Pershing Square Tontine Holdings, a blank-cheque company led by hedge-fund manager William Ackman, said it won’t proceed with its proposed…
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US law firm boosts pay for first year London lawyers to $200,000
Wall Street law firm Milbank has ramped up pay for first year lawyers in London to $200,000 amid a mergers…
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IHS Markit’s Lance Uggla: ‘The phone rang — it was S&P Global’
Towards the end of last year, Lance Uggla was on the verge of striking the biggest deal of his career.…
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BlackRock buys climate change tech to bolster Aladdin platform
BlackRock, the world’s largest asset manager, has acquired climate change modelling technology from an independent consultancy to integrate into its…
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These 8 low-profile electric-vehicle stocks can soar after bold new climate plan unveiled, analysts say
The European Union has unveiled one of the world’s most ambitious plans to tackle climate change in a program that…
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Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
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EU watchdog warns Spacs ‘not appropriate’ for everyone
The European Union’s markets watchdog has warned that investments in so-called blank cheque companies “may not be appropriate… for all”. The…
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Spacs take a backseat as traditional IPOs boom globally in second quarter
Listings of special purpose acquisition companies slowed in the second quarter with traditional initial public offerings booming worldwide, overtaking the…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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The mega-buyout is coming back – to an industry near you
Size matters. That’s the mantra being chanted by private equity investment committees as they race to deploy their estimated $1.6tn war…
Read More » - Health
Should I Go Solar Now? Here’s What Homeowners Should Consider
Residential solar is now a fact of life in all 50 states. Growing awareness of solar’s role in addressing climate…
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View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
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Houlihan Lokey acquires boutique Baylor Klein in European expansion
Houlihan Lokey has acquired another boutique investment bank as the US-headquartered advisory firm continues to expand in Europe. The bank…
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Citigroup leads $6bn Spac fee haul for investment banks
Investment banks have pulled in nearly $6bn in fees advising on blank-cheque companies in 2021, nearly double the record set…
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Spac backed by ex-Barclays chief Bob Diamond to take crypto firm Circle public in $4.5bn deal
Stablecoin tech firm Circle is to go public in a merger deal with a special purpose acquisition company that will…
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Biden to sign executive order that aims to rein in big business
President Joe Biden on Friday afternoon is slated to sign an executive order that seeks to rein in the power…
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Wise goes public in £8bn London direct listing
Fintech firm Wise has begun trading on the London Stock Exchange at £8 per share, valuing the company at £8bn.…
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AMC stock drops after company decides to not ask stockholders if it can issue more shares
Shares of AMC Entertainment Holdings Inc. fell again Tuesday, erasing earlier gains, after the movie theater chain disclosed it will…
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Amazon stock rides to record as JEDI deal gets canceled on new CEO’s first day
Amazon.com Inc. shares notched their first record close in more than 10 months Tuesday, when a new chief executive was…
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Pentagon abruptly cancels $10 billion JEDI cloud contract
The Defense Department on Tuesday abruptly canceled a 10-year, $10 billion cloud-computing contract it awarded to Microsoft Corp., which had…
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Goldman Sachs names Kelleners as European M&A head
Goldman Sachs has promoted long-serving dealmaker Andre Kelleners to head of mergers and acquisitions for Europe, the Middle East and…
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Neighbourhood social media app Nextdoor plans for Spac merger
Nextdoor is merging with a special-purpose acquisition company to go public in a deal valuing the social-media network at roughly…
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Digital asset manager CoinShares to manage blockchain ETF for Invesco
European digital asset investment firm CoinShares has bought an ETF index business that helps power blockchain-exposed trackers for global fund…
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Morrisons bidding war continues as Apollo weighs counter offer
Apollo Global Management said Monday it is considering making a bid for grocery chain WM Morrison Supermarkets, setting up a potential three-way…
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UK companies have never looked so attractive to American bargain hunters
When US private equity giant Clayton, Dubilier & Rice made a surprise £5.54bn cash offer for British supermarket chain Morrisons…
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Torrid IPO: 5 things to know about the plus-size retailer as it hits public markets
Shares of Torrid Holdings Inc., which says it’s North America’s largest direct-to-consumer provider of women’s plus-size clothing and intimates by…
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Influential MP urges City to get behind Spacs boom
An influential MP has urged the City to back the boom in special purpose acquisition companies to avoid falling behind European…
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Credit Suisse shakes-up senior investment banking ranks following exits
Credit Suisse has named David Wah as global head of advisory and promoted long-serving dealmakers to lead its mergers and…
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JPMorgan to acquire UK digital wealth manager Nutmeg
JPMorgan is to acquire digital wealth manager Nutmeg as part of plans to launch a challenger bank brand in the…
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Green blank-cheque companies struggle after years of success
Spacs and green companies were two of the hottest pandemic investments. Combining the two — green Spacs — has been…
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Micron expects memory demand to remain strong, will sell Utah plant to Texas Instruments
Micron Technology Inc. expects memory-chip demand to remain high even as the supply of other types of computer chips meets…
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Zaoui brothers plan €300m European blank cheque company
Dealmaking brothers Yoël and Michael Zaoui are the latest high-profile bankers to launch a blank cheque company, with plans to list…
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JPMorgan Asset Management buys timber investment firm with $5.3bn AUM
One of the biggest names on Wall Street is getting into the timber business, and a big part of its…
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Crypto exchange Binance just got banned in the UK — Here’s what it means
Cryptocurrency exchange Binance does not have permission to carry out regulated activities in the UK, the Financial Conduct Authority warned…
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Rathbones snaps up Saunderson House amid flurry of wealth management deals
Investment manager Rathbones has acquired financial planning business Saunderson House, as the wealth management industry continues to strike merger deals…
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Antivirus pioneer John McAfee found dead in Spanish prison cell
Antivirus entrepreneur John McAfee has been found dead in a prison cell in Spain. A Spanish court on 23 June…
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Visa to buy European open banking platform Tink in €1.8bn deal
Financial services company Visa has announced it has signed an agreement to acquire Swedish fintech Tink in a €1.8bn deal.…
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London is missing out on Europe’s record $4.4bn Spac boom
The Wall Street boom in blank cheque companies is making its way across the pond, with annual records already smashed…
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