14,040 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 15 of 141.
“This was down 12.2 per cent compared to the first half of 2008”
“Osmond is nailing down details on a deal, which will see its consortium of bankers, led by Lloyd’s Banking Group, restructure its £3bn debt.”
“A source close to the entrepreneur said yesterday that when he bought Pearl at the height of the financial services boom such groups were trading at around 120 per cent of embedded value, but that has now fallen to around 50 to 60 per cent.”
“Dutch Private-equity group Liberty is expected to inject £500m of new equity into the group”
“Pearl’s roughly 17 current bank lenders will end up with around 90 per cent of its final market value.”
“The problems for Pearl began when it merged with Resolution, the buyout vehicle of Clive Cowdery, for £5bn in a highly-leveraged deal.”
“SpaceX is preparing the largest retail allocation ever attempted in a megacap IPO in its anticipated listing later this month, with Elon Musk seeking to reserve as much as a quarter of the company’s $75bn float for individual investors.”
“Typically, in large-cap IPOs, retail buyers have also historically received five to 10 per cent of the shares on offer”
“but it was previously reported that up to 30 per cent of shares could go to retail.”
“The first bump in the road for Musk’s satellite company came earlier this week, after Morningstar analysts slashed its value in half. The research firm valued the company at $780bn, roughly 48 per cent lower than its private market valuati…”
“with Space X also looking for a valuation between $1.7 trillion and $2 trillion upon listing.”
“Goldman expects revenue from its AI division to rise to $322bn by 2030 from $3.2bn in 2025, according to forecasts discussed by the Wall Street bank.”
“SpaceX’s total revenue is also anticipated to hit $474bn in 2030, up from $18.7bn.”
“But Goldman struck a similar chord to Morningstar on the outlook for its Starlink satellite internet service, projecting revenue to be $144bn in 2030”
“In 2021, analysts issued a cautious fair value estimate of $225 per share for Coinbase”
“the cost of above-inflation rises in the state pension, as opposed to just inflation rises, is partly being funded by debt,” adding that the arrangement is “very bad for economic growth because we have to pay for that debt through [the] £1…”
“That’s more than we spend on the police, more than we spend on schools, more than we spend on the entire defense budget.”
“Hunt claimed that the government could save £56bn per year if it brought the welfare bill back down to the same level as in 2019.”
“Defence Secretary Pete Hegseth told US senators on Tuesday that the war has cost the United States $37.5 billion so far, up from a previous estimate of nearly $29 billion in mid-May.”
“It recently reported a pre-tax profit of £13m, revenues were up 15.5 per cent at £20.5bn and there have been £100m of merger cost savings achieved ahead of schedule, though KKR has been forced to write down the value of its investment.”
“The FCA found around 11 million UK adults would be willing to let AI make financial decisions within agreed parameters”
“Separate research from financial comparison site Finder suggests 40 per cent of Britons have already used AI for some form of financial advice”
“Its most recent accounts, for 2024, reported a $3m loss on revenues of $45m, despite artists typically performing for free. Around 60-70 per cent of its revenues go on staging, producing and organising its “festivals”.”
“London currently generates around a third of corporation tax receipts, while many regions continue to lag behind on productivity and private investment.”
“The move knocked Carphone’s shares at the time by a sixth”
“that will value its industrial property rival at significantly less than its £170m market capitalisation.”
“£300m rights issue – its second this year – that would enable it to pay down £485m of Brixton’s debt”
“YELL chairman Bob Scott – who as a Royal Bank of Scotland director rubber-stamped Sir Fred Goodwin’s £17m pension – said yesterday that he will not stand for re-election to the directory publisher’s board.”
“The news came as the debt-laden company confirmed that it is actively looking at all refinancing options and said it could not rule out asset sales ahead of April 2011, when a large tranche of its debt is due for repayment.”
“However the company said its cashflow should be strong enough to meet interest payments and pay down some of its £4.2bn debt this year.”
“Yell also announced that it took a £1.3bn writedown in the full year to March 2009 and forecast a 20 per cent drop in core profit this quarter.”
“Adjusted earnings fell 1.8 per cent at constant currencies to a better-than-expected £816m.”
“Shares in Yell closed 2.17 per cent lower at 45p.”
“THE fragility of the “green shoots” recovery theory that has seen the FTSE 100 rise almost 30 per cent since its 9 March low, came to a shuddering halt last week as it lost 2.6 per cent, breaking its five-week winning streak.”
“The National Institute of Economic and Social Research said the economy may have stopped sliding in April for the first time in a year.”
“Meanwhile, Credit Suisse is predicting UK growth of 1.8 per cent next year, up from one per cent”
“JP Morgan has also revised its forecasts up, predicting that the economy will contract by 3.6 per cent this year, up from a previous estimate of four per cent.”
“And even staunch bears such as Citigroup’s Michael Saunders are adjusting their forecasts upwards. Saunders now expects the UK economy to decline by 3.9 per cent this year, from 4.1 per cent a month ago.”
“And instead of a 0.7 per cent fall next year, he now predicts slight growth of 0.1 per cent.”
“But having been continually criticised for his inability to spot and respond soon enough to the financial crisis we are still embroiled in, it’s in King’s interest, this time at least, to bat for the bears. But there are some other reasons…”
“The BoE will have to hike interest rates up rapidly from their current historic low of 0.5 per cent, for example”
“Iraqi oil minister Hussein al-Shahristani said yesterday the six oil and two gas fields up for contract would add $1.7 trillion to government coffers over the next 20 years.”
“Barrels of Brent Crude oil are currently fetching prices around $73 on futures markets.”
“Net profit for the three months to the end of June came in at 1.54 billion euros, the 10-brand group said, a fall of 32.9 percent on the same period last year.”
“On the Frankfurt stock exchange, Volkswagen shares opened down almost 2.4 percent before paring back some losses to be down 1.6 percent as of 0935 GMT.”
“David Connor Redmond was a freight and oil trader who, the FSA say, built up a substantial futures position on the ICE crude oil futures market on 6 February, breaching the bank’s rules and regulations.”
“The FSA banned a senior proprietary trader at Morgan Stanley, and fined the bank £1.4m. The watchdog said Morgan Stanley failed to spot a $120m (£76m) mismarking made by Matthew Piper fast enough, which lead to the fine.”
“The ruling came a week after a similar case at the same bank. The FSA banned a senior proprietary trader at Morgan Stanley, and fined the bank £1.4m.”
“STARTEEPO Invest (“STARTEEPO”), an alternative investment fund focused on public equity opportunities, today announced that it has increased its beneficial ownership position in Xerox Holdings Corporation (“Xerox” or the “Company”) to more…”
“Following the transaction, STARTEEPO beneficially owns approximately 8.0 million Xerox common shares and holds options on an additional 140,000 shares.”
“Based on publicly available ownership disclosures, STARTEEPO is now Xerox’s third-largest shareholder.”
“STARTEEPO remains encouraged by Xerox’s operational and financial trajectory ahead of its upcoming Q2 2026 earnings release.”
“Kroll has been backed by private equity itself since 1989, and in 2020, two private equity powerhouses – Stone Point Capital and Further Global – partnered to acquire the firm for $4.2bn (around £3.12bn).”
“CHINA will offer a $10bn (£6bn) credit loan to Russia and other key allies to help them through the financial crisis, Chinese President Hu Jintao said yesterday.”
“China is now the world’s third-biggest economy, and has so far weathered the global slowdown better than much of the rest of the world.”
“Now these measures are showing initial results and producing positive signs.”
“The Fed held rates at 3.50-3.75 percent for its fifth straight meeting on Wednesday”
“with three of the committee's 12 members dissenting in favor of a quarter-percentage-point rate hike.”
“30-year Treasury bond yields -- which generally track inflation expectations -- rising to their highest levels since 2007 following this week's meeting.”
“The Fed's open-market committee currently meets eight times a year”
“the £2.6bn in loans Citigroup extended to finance the £4bn EMI takeover in 2007.”
“Qatar has offered to buy property investments worth up to $4.1bn (£2.6bn) from local banks”
“the average business surveyed holds £2.21 million in cash – highlighting the scale of business savings at risk, should a bank fail. Even three quarters of those who do have multiple banking relationships keep more than the £120,000 protect…”
“UK businesses are forgoing tens of thousands of pounds in annual interest by keeping large cash reserves in low-yield accounts. The study found the average business holds £2.21 million in cash but could be missing around £42,000 a year by …”
“The protection limit for eligible business depositors is £120,000 per UK-authorised bank.”
“Despite almost all senior finance leaders (97%) stating they are confident their business deposits are protected against bank failure, two thirds have no meaningful awareness of FSCS deposit protection or what it covers.”
“Insignis has helped over 15,000 advisers and businesses distribute more than £32bn in cash assets.”
“I don’t view the Chairman, in his testimony or in his announcement of projections, as the press spokesman for the FOMC”
“After all, under Alan Greenspan there were no press conferences at all”
“Ben Bernanke introduced them quarterly”
“Jerome Powell added one to every meeting”
“All communication… is not created equal”
“The Fed tells the whole world what their dots are going to be, what their forecasts are going to be. Then they hold on to those forecasts longer than they should”
“the ‘benevolent leader’ model”
“very much alongside his views, he would present our views. His presentation of our views is useful in making certain that a lot of attention is focused on them… in some ways we might well be delegating to him the ability to draw a central …”
“the semi-annual Humphrey-Hawkins testimony of the Fed Chair to Congress is effectively the moment where the Monetary Wizard of Oz steps out from behind the curtain to signal the direction for interest rates”
“The so-called “dot plot” which shows where each FOMC member thinks interest rates should be over the next few years is almost certainly about to disappear”
“On Wednesday he will hold his first press conference as the new Chair of the US Federal Reserve”
“The FTSE 100 dropped 2.1 per cent yesterday, succumbing to disappointing US retail sales figures, profit-taking in the banking sector and mining stocks weighed down by weak commodity prices. The index retreated for the third day in a row, …”
“amid profit taking in a sector that has jumped nearly 103 per cent since its trough in early March.”
“HSBC, Standard Chartered, Barclays and Lloyds Banking Group fell 5.1 to 9.6 per cent.”
“Royal Bank of Scotland slid 12.6 per cent after the part-nationalised bank’s chief executive said it faced serious net margin headwinds.”
“Kazakhmys, Eurasian Natural Resources , Anglo American and BHP Billiton fell 5.3 to 11.9 per cent.”
“Rio Tinto closed 10.6 per cent lighter as its major investors demand afresh that the mining giant scrap a deal with Chinalco and actively pursue a new capital raising or a sale of assets to rival BHP.”
“BG and Royal Dutch Shell added 0.3 per cent and 1.6 per cent respectively, but BP underperformed, down 1.3 per cent after going ex-dividend.”
“Aviva, Friends Provident, Legal & General, Prudential and Standard Life fell 1.7 to 11 per cent.”
“British American Tobacco, Unilever and Shire added between 1.5 and 2.8 per cent.”
“J Sainsbury, also deemed as defensive, fell back, closing down 1.5 per cent, as analysts said a slightly better-than-expected rise in full-year profit from the grocer was already factored into a stock price which has a higher valuation tha…”
“Land Securities was the biggest FTSE 100 faller, down 13.2 per cent, after Britain’s biggest property company, said the value of its portfolio fell $7.1bn.”
“Aviva is expected to pocket A$925m (£452m) from the deal.”
“The group will gain A$825m cash consideration from NAB on completion, with a further amount of A$40m representing a dividend to be paid by Aviva Australia prior to completion, and a forecast amount of A$60m representing a net asset adjustm…”
“This transaction realises excellent value for Aviva shareholders at around 16 times 2008 net earnings and demonstrates the underlying value of our business.”
“Segro rejected Prologis’ 925p per share bid last month, though the approach sent the firm’s shares soaring by nearly 18 per cent.”
“Segro cut its net asset value to 905p per share on Wednesday, down from 925p. But the company said it expects to take a 103p per share boost from its £1.6bn industrial and logistics pipeline.”
“The firm will also gain another 139p per share due to its £2.5bn data centre pipeline, it said.”
“The property firm took £53m in new headline rent in the first half of 2026, compared to £31m last year, in what it described as a “very encouraging start to the year”.”
“Shares in Segro slipped one per cent on Wednesday to 868p, leaving the stock up 22 per cent in the year to date.”
“the £6m Marble Arch Mound would have handed the writers of Brass Eye and The Thick of It a field day. The “tourist attraction” Westminster Council botched together in 2021 became a laughing stock within days, before the same Conservative a…”
“The proof is in the numbers, with Knight Frank reporting London’s strongest year for office leasing since 2019.”
“but NatWest stopped the promotion in 1988.”
