July 15 Reuters Hellman Friedman said on Thursday it had closed a 24.4 billion fund, the U.S. private equity firms largest ever, which will allow it to continue targeting largescale investments. Hellman Friedman Capital Partners X, the PE firms tenth fund, was significantly oversubscribed and reached its hard cap, it said. The fund also includes […]

SYDNEY Reuters Sydney Airport Holdings Pty Ltd said on Thursday it would reject a A22.26 billion 16.6 billion takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by recordlow interest rates. The operator of Australias largest airport said directors had unanimously concluded the proposal undervalued the airport […]

NEW DELHI Reuters Alphabet Incs Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. The Google cloud region in Delhi and its outskirts is the U.S. tech giants second […]

Reuters BlackRock Inc, the worlds largest asset manager, reported a betterthanexpected quarterly profit on Wednesday as investors poured more money into the companys funds, boosting its assets under management to new highs. BlackRocks assets under management jumped to a record 9.49 trillion in the second quarter from 7.32 trillion a year earlier. Revenue from investment […]

MSP Recovery, which helps recover money from Medicare and Medicaid secondary payments, will go public through a deal with a blankcheck firm, giving the combined company an enterprise value of 32.6 billion in the second biggest SPAC merger. The deal with Lionheart Acquisition Corp II is expected to fetch 230 million in proceeds for MSP, […]

STOCKHOLM, May 5 Reuters Security services company Securitas reported on Wednesday a slightly smaller rise than expected in firstquarter profit as the slump in demand for airport security due to the COVID19 pandemic held back group sales. Operating profit at the Swedish provider of guard services, alarm surveillance and airport security rose 8 from a […]

Oil giant Saudi Aramco reported a 30 jump in net income Tuesday, in a sign of a continued recovery from the previous years oil market crash that saw fullyear earnings for the state firm slashed in half. In a release published Tuesday, the company said net income rose to 21.7 billion in the first three […]

MILAN, April 30 Reuters Italian energy group Eni said it was planning to sell or list a minority stake in its new retail and renewable energy business as it reported a jump in profits in the first quarter. In a statement on Friday, it said it was planning to list or sell a minority stake […]

Chinese electric car startup Nio said Friday it expects a global chip shortage will drag down vehicle deliveries in the second quarter. A fire in March at a Japanese chip factory owned by Renesas has exacerbated an existing shortfall in semiconductors that has forced major automakers to cut production. Without naming the factory, Nios Chairman […]

SYDNEY, April 30 Reuters Three of Australias Big Four banks are set to unveil a more than doubling in interim profits, higher dividends and lower provisioning for bad debts next week, as the economy recovers from the COVID19 pandemic. Australias economy has emerged from recession and all signs are that 2021 has started on a […]