16 July

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Exclusive-Louis Vuitton-backed L Catterton explores public listing -sources By Reuters

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By Anirban Sen and David French (Reuters) - L Catterton, the private equity firm backed by French billionaire Bernard Arnault and luxury goods empire Louis Vuitton Moet Hennessy, is exploring options to go public, according to people familiar with the matter. L Catteron's deliberations come as the shares of publicly listed private equity firms are hovering at record highs. Peers TPG and Bridgepoint Group are preparing for stock market debuts, while Owl Rock Capital Group and Dyal Capital Partners went public in May in a three-way merger with a special purpose acquisition company (SPAC). L...

16 July

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Cities Awash in Rescue Cash Seek to Use It to Pay Down Debts By Bloomberg

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(Bloomberg) -- America’s states and cities are receiving $350 billion from Washington, an unprecedented move to head off a fiscal crisis that could have derailed the economic recovery. But at least two dozen local governments and lobbying groups are pushing President Joe Biden’s administration to allow the federal funds to be used for something the Treasury Department hadn’t envisioned: paying down debt or socking it away. Among them is Oceanside, a 176,000-person city on the Southern (NYSE:SO) California coast. Michael Gossman, assistant city manager, wants to be able to use the federal aid to replenish...

16 July

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Small miners aim for European supply chain for electric vehicles independent from China By Reuters

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By Clara Denina and Zandi Shabalala LONDON (Reuters) - Growing demand for electric vehicles has spurred small-scale miners of the lithium, cobalt and rare earths that automakers rely on to develop mines and build refining capacity in Europe to reduce their reliance on China. Efforts by the United States and Europe to build a secure and independent supply chain for the key minerals used in electric vehicles (EVs), wind turbines and aircraft engines have accelerated as the pandemic led to shutdowns and shortages. With companies under pressure to reduce their carbon footprint, processing metals into...

16 July

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Ericsson Plunges On Weakening Hope Of 5G Orders In China By Investing.com

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By Dhirendra Tripathi Investing.com – Ericsson (NASDAQ:ERIC) stock slid 8% in Friday’s premarket trading as the company warned of its market share weakening in China amid the ongoing tensions between the world’s second largest economy and the West. The company was expecting big orders from Chinese carriers for deploying 5G networks, but with the acrimony showing no signs of abating Ericsson has tempered its hopes. China is the world’s largest market for 5G services. Sweden, Ericsson’s home country, last year joined other European nations in banning Chinese telecom equipment makers, like Huawei and ZTE (OTC:ZTCOY), from...

16 July

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Scape Living, iQSA to buy UK’s GCP Student Living in $1.3 billion deal By Reuters

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(Reuters) - Student housing providers Scape Living and iQSA will buy GCP Student Living in a deal valuing the UK-listed rival at 969 million pounds ($1.34 billion), iQSA said on Friday. ($1 = 0.7237 pounds) ...

16 July

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ECB policymakers set for showdown on policy path By Reuters

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By Francesco Canepa FRANKFURT (Reuters) - European Central Bank policymakers are set for a showdown next week as they chart a new policy path amid growing fears of a third wave of coronavirus infections. The guidance update is made necessary by the ECB's new strategy, which says the central bank should let inflation across the 19 countries that use the euro currency edge above 2% when interest rates are near rock-bottom - as they are now. That change in strategy, announced last week, was unanimously adopted, but putting it into practice is proving trickier....

16 July

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Sterling slips against dollar, heads for worst week in a month By Reuters

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By Tom Wilson LONDON (Reuters) - Sterling slipped on Friday against the dollar, and headed for its worst week in a month, as investors sought safety in the greenback amid concerns over rising COVID-19 cases globally. The pound fell 0.3% against the dollar at $1.3805, and was poised for a similar weekly loss, which if sustained would be its worst since mid-June. The U.S. dollar gained 0.1% against a basket of currencies on Friday. The pound fell slightly against the euro to 85.53 pence, moving further away from 3-1/2-month highs hit earlier this week. Solid U.S....

16 July

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Euro zone inflation easing confirmed, trade surplus dips By Reuters

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BRUSSELS (Reuters) - Euro zone inflation slowed in June after a steady acceleration in the first months of 2021, official data confirmed on Friday, while the bloc's trade surplus shrank in May due to a decline of exports. European Union's statistics office Eurostat said consumer prices in the 19-country single-currency bloc rose 1.9% in June on the year, slightly less than the 2.0% increase in May, in the first slowdown since last September. The final data confirmed an initial estimate released by Eurostat on June 30. One measure of core inflation, which excludes volatile unprocessed food...

16 July

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Drugmaker GSK plans $550 million expansion of England R&D facility By Reuters

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(Reuters) -Britain's GlaxoSmithKline on Friday laid out plans to set up a new life sciences campus within its R&D site in Stevenage, England, raising up to 400 million pounds ($552.76 million) by selling some land at the facility. The London-listed drugmaker said it expects to select a private-sector developer later this year and sell 33 acres of the 92-acre site. Work on the project, backed by the UK government, is expected to begin in 2022. GSK, locking horns with activist investor Elliott, is preparing for a planned spin-off of its consumer healthcare venture and focus...

16 July

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UK-based Segro to sell six Italian warehouses to cash in on ecommerce boom By Reuters

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(Reuters) -Britain's Segro Plc (LON:SGRO) said on Friday it was selling six warehouses in Italy for 127.5 million euros ($150.5 million), capitalizing off a pandemic-led boom in e-commerce sales that saw huge volumes of shipments across the world. The FTSE 100-listed warehousing specialist said it was able to secure property prices much higher than December, adding that it would invest the proceeds from the sale in other parts of its Italian business. Warehousing specialists globally have benefited from massive shipments of products bought online during the pandemic, outperforming other commercial real estate companies, as...

Меню

Exclusive-Louis Vuitton-backed L Catterton explores public listing -sources By Reuters

Cities Awash in Rescue Cash Seek to Use It to Pay Down Debts By Bloomberg

Small miners aim for European supply chain for electric vehicles independent from China By Reuters

Ericsson Plunges On Weakening Hope Of 5G Orders In China By Investing.com

Scape Living, iQSA to buy UK’s GCP Student Living in $1.3 billion deal By Reuters

ECB policymakers set for showdown on policy path By Reuters

Sterling slips against dollar, heads for worst week in a month By Reuters

Euro zone inflation easing confirmed, trade surplus dips By Reuters

Drugmaker GSK plans $550 million expansion of England R&D facility By Reuters

UK-based Segro to sell six Italian warehouses to cash in on ecommerce boom By Reuters

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