Business news

3G asks investors for more time to find next megadeal

3G Capital, which is investing alongside Warren Buffett, is looking to hold its investors’ money longer as coronavirus uncertainty and sky-high valuations delay its next mega-plan, people knowledgeable about the matter say. The Brazilian-American investment group behind Kraft Heinz, Burger King and Tim Hortons has been chasing a megadeal since it failed to orchestrate the… Continue reading 3G asks investors for more time to find next megadeal

Business news

Italian hotels attract foreign investors as pandemic bites

The coronavirus pandemic is raising deal opportunities in Italy’s luxury hospitality sector as international travel restrictions exacerbate financial woes. Italy is the only European country with more than a million hotel rooms, and large chains account for just 5 percent, with the rest of the market dominated by small family businesses. Industry experts believe foreign… Continue reading Italian hotels attract foreign investors as pandemic bites

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Investors step up pressure on companies over use of antibiotics

A dozen institutional investors with $7tn under management are joining forces to pressure food producers, restaurants, retailers and pharmaceutical companies to cut antibiotic usage and tackle the growing dangers of drug resistance to hundreds of thousands of patients. Amundi, Aviva Investors, CDC, Legal & General Investment Management and Northern Trust Asset Management are among investors… Continue reading Investors step up pressure on companies over use of antibiotics

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Investors fret over future of Fed crisis lending

Jay Powell and Steven Mnuchin had plenty of reasons to argue over the past three years, from Donald Trump’s personal attacks on the chairman of the Federal Reserve, to trade tensions and the president’s handling of the pandemic. But it was not until the past week that a rift between America’s top two economic policymakers… Continue reading Investors fret over future of Fed crisis lending

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China regulations spur investors to reassess tech sector

Investors are reviewing their record holdings of mainland internet companies after Beijing proposed sweeping new antitrust rules for China’s technology industry. Leading groups including Tencent, Alibaba and Meituan-Dianping have attracted record investment during the Covid-19 pandemic, according to data from Copley Fund Research, which tracks the investment activities of more than 180 of the world’s… Continue reading China regulations spur investors to reassess tech sector

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Bullish mood across markets leaves investors with a dilemma

An unmistakable bullishness is breaking out among investors on the outlook for equities. By some measures, it might be even tipping over into exuberance. Despite a global economy still reeling from the pandemic and uncertainties over the rollout of a Covid-19 vaccine, fund managers are looking through the gloom to better times ahead. The latest… Continue reading Bullish mood across markets leaves investors with a dilemma

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Investors Chronicle: HomeServe, easyJet, Big Yellow

Buy: HomeServe (HSV) With the Covid-19 pandemic forcing people to spend more time at home, that has proved a boon for emergency home repair specialist HomeServe, writes Nilushi Karunaratne. Offering subscription-based maintenance assistance, the group’s membership business saw sales rise by 8 per cent year-on-year in the six months to September 30 to £437m. With growth led… Continue reading Investors Chronicle: HomeServe, easyJet, Big Yellow

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Investors in limbo after Hargreaves platform glitches

Investors who found their trades wrongly duplicated on the Hargreaves Lansdown platform could be waiting up to two weeks for their accounts to be put right. The UK’s largest investment platform suffered multiple technical failures including duplicated trades on November 9, after customers traded at record levels as they looked to cash in on the… Continue reading Investors in limbo after Hargreaves platform glitches

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Letter: IMF must help Africa to woo private investors

There are many positives for poorer African nations if your article “G20 nears accord over IMF relief funds” (Report, November 19) is correct. All of the sub-Saharan nations I operate in have been materially impacted by the pandemic and — as importantly — by the squeeze on international investment and business activity that ordinarily contribute… Continue reading Letter: IMF must help Africa to woo private investors

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Investors hire convicted trader to help fight forex case against banks

A former BNP Paribas trader who pleaded guilty to rigging foreign exchange benchmarks has been hired as a $400-an-hour consultant by investors suing banks including Barclays and UBS for alleged forex manipulation. Allianz, Pimco and a number of other investors have brought a multimillion pound lawsuit against eight banks including Barclays, Citigroup and HSBC in… Continue reading Investors hire convicted trader to help fight forex case against banks