IHC, hungry for deals, plans IPOs in healthcare and IT

Pure Health IPO raises over $1 billion, CEO says Targets tech unit IPO in Q3, with $1 billion in assets Mull Eyes International Energy Holding IPO Next Year Planning purchases this year and next year, seeking a large loan ABU DHABI, Nov 24 (Reuters) – International Holding Company (IHC.AD) plans to sell 20% of its … Read more

As recession looms, UK businesses send SOS loans

Costlier credit, on tighter terms as banks assess risk Some business owners use their own money to fill in the gaps Funding crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation soars and recession looms, many British businesses are struggling to get affordable bank finance, putting pressure on the … Read more

UK business activity falls the most in September since early 2021

UK composite PMI drops to 49.1 in September (Prev: 49.6) Consumer confidence shaken by cost of living crisis UK private car registrations down 3.6% Britain’s new prime minister had a rocky start to office LONDON, Oct 5 (Reuters) – Britain’s private sector economy suffered the biggest contraction in activity last month since the COVID lockdown … Read more

Britain’s ASOS to review business model after profit slump

2021-22 profit drops 89% Expects first-half loss in 2022-23 Uncertainty means there are no full-year earnings forecasts Agrees to a new deal with lenders Stocks rebound 9% LONDON, Oct 19 (Reuters) – ASOS (ASOS.L), the former British star of the shift to online fashion retail, will review its business model after the economic crisis and … Read more

Analysis: Bond Vigilantes Mean Business, Governments Better Beware

LONDON, Oct 17 (Reuters) – The sight of Britain’s new finance minister smashing up his chief’s economic policies on Monday illustrated something starkly clear – the bond market vigilantes are back, they’re bold and governments had better stop. pay attention to it. It took only three weeks for the markets to force the United Kingdom, … Read more

Citigroup beats earnings estimates as rate hikes bolster lending business

Oct 14 (Reuters) – Citigroup Inc (CN) beat third-quarter profit estimates on Friday as its lending business benefited from a series of interest rate hikes by the Federal Reserve and offset weakness elsewhere divisions such as investment banking and trading. After facing years of near-zero interest rates, banks are seeing a sharp rise in net … Read more