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  1. Trian Founder to Join Board of Unilever

    1 June 2022 Trian Founder to Join Board of Unilever

    Trian Founder to Join Board of Unilever By Jake Rickman What do you need to know this week? The founder of Trian Fund Management, Nelson Peltz, has been appointed to the board of Unilever as a non-executive director. As we reported on not once, but twice: Trian acquired a 1.5% stake in...
  2. The Sale of AC Milan

    1 June 2022 The Sale of AC Milan

    ph.FAB / Shutterstock.com The Sale of AC Milan By Jake Rickman What do you need to know this week? The agreement to sell this year’s Serie A season-winner A.C. Milan has been finalised. Bloomberg reports that the deal could be valued at €1.2bn. Elliott Management Corporation — one of the...
  3. Clifford Chance Ups the Ante in the City Pay War

    25 May 2022 Clifford Chance Ups the Ante in the City Pay War

    Clifford Chance Ups the Ante in the City Pay War By Jake Rickman What do you need to know this week? Magic Circle law firm Clifford Chance announced on Monday it will now pay its newly qualified solicitors £125,000 per annum. This marks yet another raise in what seems to be a...
  4. Is a Recession Imminent?

    25 May 2022 Is a Recession Imminent?

    Is a Recession Imminent? By Jake Rickman What do you need to know this week? Is a recession looming? Are we in one as we speak? Technically, a recession is defined as two or more quarters of negative GDP growth. In the UK, Q1 2022 growth was 0.8%, with negative growth in March. This...
  5. Is Musk Getting Cold Feet?

    18 May 2022 Is Musk Getting Cold Feet?

    Is Musk Getting Cold Feet? By Jake Rickman What do you need to know this week? Elon Musk appears to be backtracking on the terms of the deal he has struck with the board of Twitter. On Tuesday, Musk tweeted that the deal cannot move forward unless Twitter can demonstrate that less than 5%...
  6. McColl's Collapse and Rescue

    11 May 2022 McColl's Collapse and Rescue

    McColl's Collapse and Rescue By Jake Rickman What do you need to know this week? McColl’s Retail Group — a British convenience shop and newsagent — finally succumbed to its long struggle with solvency when the British high street convenience shop and newsagent was placed into...
  7. Peloton Keeps Climbing a Steep Hill

    11 May 2022 Peloton Keeps Climbing a Steep Hill

    Peloton Keeps Climbing a Steep Hill By Jake Rickman What do you need to know this week? Peloton — the company known for its sleek indoor exercise bikes — has been peddling up a steep, steep hill in the first quarter of 2022. Compared to the first three months of 2021 (in what is called...
  8. Growth vs Value Stocks

    4 May 2022 Growth vs Value Stocks

    Growth vs Value Stocks By Jake Rickman What do you need to know this week? Since November 2021, the MSCI World Growth Index has fallen more than 20% of its peak value. This index is primarily composed of so-called “growth stocks” like Tesla and Amazon. Investment funds with a high...
  9. Unpacking BP's record profits (against its substantial losses?)!

    4 May 2022 Unpacking BP's record profits (against its substantial losses?)!

    Unpacking BP's record profits (against its substantial losses?)! By Jake Rickman What do you need to know this week? BP — the oil & gas giant — has posted record quarterly profits at over $6.2bn from 1 January to 31 March 2022. This figure, which was released as part of its earnings on...
  10. Finding the Business Case for Musk's Bid

    27 April 2022 Finding the Business Case for Musk's Bid

    Finding the Business Case for Musk's Bid By Jake Rickman What do you need to know this week? Elon Musk’s $40bn+ bid for Twitter has dominated market news for the past couple of weeks. And for good reason: it is one of the largest proposed buyouts ever. Elsewhere this week, we explain...
  11. The Financing Behind Musk's Bid

    27 April 2022 The Financing Behind Musk's Bid

    The Financing Behind Musk's Bid By Jake Rickman What do you need to know this week? In a move that has surprised much of the market, Twitter’s board of directors agreed to recommend Elon Musk’s takeover offer of $43bn to shareholders. This marks a big turnaround from our reporting last...
  12. Increased sales, decreased profits...exploring key financial indicators

    20 April 2022 Increased sales, decreased profits...exploring key financial indicators

    Increased sales, decreased profits...exploring key financial indicators By Jake Rickman What do you need to know this week? According to the Financial Times, despite companies around the world reporting improved revenues for the first quarter of 2022 (i.e., 1 January to 31 March) compared...
  13. Is a Landmark SPAC Court Case on the Horizon?

    20 April 2022 Is a Landmark SPAC Court Case on the Horizon?

    Is a Landmark SPAC Court Case on the Horizon? By Jake Rickman What do you need to know this week? Michael Klein, a lead sponsor for the disappointing SPAC deal involving the acquisition of MultiPlan, will have to defend himself in a Delaware court claim alleging he and others failed to...
  14. Russia Enters Selective Default

    13 April 2022 Russia Enters Selective Default

    Russia Enters Selective Default By Jake Rickman What do you need to know this week? In what could be read as defying the West, Russia attempted to make a $650m dollar-denominated sovereign bond payment in rubles instead of dollars. As a result, S&P, the global credit rating agency...
  15. Deutsche Share Collapse

    13 April 2022 Deutsche Share Collapse

    Deutsche Share Collapse By Jake Rickman What do you need to know this week? Deutsche Bank’s shares have fallen 10% following selloffs of more than €1.75bn worth of its shares, or more than 5% of its entire share capital. The American asset manager Capital Group was the biggest single...
  16. SEC Aims To Snipe SPACs

    6 April 2022 SEC Aims To Snipe SPACs

    SEC Aims To Snipe SPACs By Jake Rickman What do you need to know this week? The US Securities and Exchange Commission (SEC) — one of the main financial markets enforcement bodies in the US — announced they intend to crack down on Special Purpose Acquisition Companies (SPACs). The SEC’s...
  17. Dollars in Dealmaking Decline

    6 April 2022 Dollars in Dealmaking Decline

    Dollars in Dealmaking Decline By Jake Rickman What do you need to know this week? M&A deals — where companies buy other companies — are at a two-year low. The value of executed deals since 1 January 2022 is 23% lower than in the same period last year, down to $1tn in value. There are...
  18. Exploring the Dip in Oil Prices

    30 March 2022 Exploring the Dip in Oil Prices

    Exploring the Dip in Oil Prices By Jake Rickman What do you need to know this week? After hitting 14-year highs, oil prices have dropped down to $115 per barrel. There are two primary reasons the price of oil has retreated: First, China imposed another series of aggressive lockdowns...
  19. China's Structural Problems

    30 March 2022 China's Structural Problems

    China's Structural Problems By Jake Rickman What do you need to know this week? There are signs the international investment community is baulking at China’s long-term prospects. International equity investors have shed $6bn in mainland Chinese shares in the first three months of 2022...
  20. Slackening Investment Indicators

    23 March 2022 Slackening Investment Indicators

    Slackening Investment Indicators By Jake Rickman What do you need to know this week? The Financial Times reported on Tuesday that US companies are finding it increasingly difficult to raise financing. The volume of cash raised through equity sales is 88% lower compared to last year...

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