Fund assets hit $70 trillion; bonds boom, stocks struggle
By Mark McSherry Net assets of worldwide investment funds rose 3.2% to $70 trillion in Q2 of 2023, according to the European Fund and Asset Management…
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Global debt at record $307 trillion, or 336% of GDP
EIB, Deutsche in €600m boost for smaller Italian firms
Europe leads as Q2 global dividends hit record $568bn
Northvolt, Swedish battery firm, raises another $1.2bn
German funds rise to €4 trillion as H1 inflow hits €38bn
Global Funds Up £51bn With UK Shares In ‘Chronic’ Loss
European IPOs in Q2 fell to lowest level since 2009
European stocks fall after Fitch US debt downgrade
CVC raises €26bn for world’s biggest buyout fund
Luxembourg-based private equity giant CVC Capital Partners has raised €26 billion ($29.2 billion) for the world’s biggest-ever buyout fund. “CVC is pleased to announce the…
ETF assets hit record $10.5 trillion at the end of June
Research and consultancy firm ETFGI has reported that assets invested in the global ETFs industry (exchange-traded funds) reached a record $10.51 trillion at the end of…
Company debt rose $456bn to $7.8 trillion in past year
Companies around the world took on $456 billion of net new debt in 2022-23, as of March 31, pushing the outstanding total up 6.2% on…
Illumina fined €432m by EU for unapproved Grail deal
The European Commission has fined San Diego-based genetic testing company Illumina a record €432 million for closing its $8bn takeover of Menlo Park, California-based cancer test…
EU €4bn bond sale attracts record bids of €73bn
The European Commission, which issues EU-Bonds on behalf of the EU, said it successfully completed its eighth syndicated transaction since the beginning of the year, raising…
EIB lends €435m to Rome-based water utility Acea
The European Investment Bank (EIB) announced it has provided a €435 million loan to Rome-based water utility Acea with the primary goal of strengthening and improving…
EncroChat bust leads to 6,500 arrests, €900m seized
European policing agency Europol announced that the dismantling of the encrypted communications tool EncroChat, widely used by organised crime groups (OCGs), has so far led to…
Pensions manager invests $400m in Sweden’s Northvolt
By Mark McSherry Canada’s Investment Management Corporation of Ontario (IMCO) announced it will invest $400 million in battery producer Northvolt to help the Swedish company…
Intel invests $33 billion in Germany amid EU expansion
By Mark McSherry US semiconductor giant Intel is to invest more than €30 billion ($33 billion) to develop two chip-making plants in Magdeburg in Germany as part…
Airbus gets $50bn IndiGo order, biggest deal in history
By Mark McSherry Europe’s Airbus has announced the biggest plane deal in history with an order for 500 narrowbody A320 Family aircraft from Indian budget carrier IndiGo…
ECB raises interest rates to highest level in 22 years
By Mark McSherry The European Central Bank (ECB) raised euro zone borrowing costs to their highest level in 22 years on Thursday, with ECB President Christine…
EU may force Google to sell part of its adtech business
EU regulators said on Wednesday that Alphabet’s Google may have to sell part of its adtech business to address concerns about anti-competitive practices. The European Commission…
Lombard Odier fund arm hires first ‘chief nature officer’
Lombard Odier Investment Managers (LOIM) has announced the appointment of forestry expert Marc Palahi as its first Chief Nature Officer as part of the firm’s…
Iberdrola signs €1bn EIB loan for solar, wind network
Iberdrola has signed a new financing agreement worth €1 billion with the European Investment Bank (EIB) to build an extensive network of 19 solar power plants…
Share buybacks soar 22% to record $1.31 trillion
By Mark McSherry Company share buybacks soared 22% to a record $1.31 trillion in 2022, according to Janus Henderson. Share buybacks have now tripled in…
Dividends up 12% to record $327bn in first quarter
By Mark McSherry Global company dividends jumped 12% on a headline basis in Q1 of 2023 to a first-quarter record of $326.7 billion, thanks mainly…
Bloomberg, MarketAxess, Tradeweb in EU bond tape JV
By Mark McSherry Bloomberg, MarketAxess and Tradeweb announced they have signed a joint venture agreement to establish an independent joint venture company “for the purpose…
Facebook owner Meta hit by record €1.2bn EU fine
By Mark McSherry Facebook owner Meta Platforms has been hit by a record €1.2 billion fine by its lead European Union privacy regulator over its handling…
Global debt stock soars to near-record $305 trillion
By Mark McSherry Global debt stock grew by $8.3 trillion to a near-record $305 trillion in the first quarter of 2023, according to the latest…
Euronext extends CEO Boujnah’s tenure until 2027
By Mark McSherry Euronext announced that its AGM approved the reappointment of Stéphane Boujnah as CEO and chairman of its managing board for a four-year…
EU approves Microsoft’s $69bn takeover of Activision
By Mark McSherry The European Union has approved Microsoft Corp.’s $69 billion proposed takeover of Activision Blizzard Inc — just weeks after the UK’s Competition…
Analog Devices in €630m Ireland plan; creates 600 jobs
US semiconductor giant Analog Devices Inc (ADI) has announced a new €630 million investment at its European regional headquarters in the Raheen Business Park in Limerick,…
Ryanair to create 10,000 jobs with $40bn Boeing order
Dublin-based Ryanair Holdings plc has ordered 300 new Boeing 737-MAX-10 aircraft — 150 firm and 150 options — for delivery between 2027 to 2033. Ryanair…
Ireland tax receipts up 14% to €24bn year to date
Tax receipts in Ireland were €24.1 billion up to the end of April, up €3 billion or over 14% on an annual basis, driven by…
Securities lending revenue up 27% to $1bn in April
By Mark McSherry The global securities finance industry generated $1.05 billion in revenue for lenders in April 2023, according to DataLend, the market data service…
Deutsche Bank to buy London’s Numis for £410m
By Mark McSherry Deutsche Bank agreed on Friday to buy London-based boutique investment bank Numis Corp for about £410 million in cash to unlock “a much…
LVMH becomes Europe’s first $500bn company
By Mark McSherry The stock market value of Paris-based LVMH has reached the $500 billion mark as it becomes the first European company to achieve…
Companies sell €25bn of property as hybrid work booms
By Mark McSherry The sale of company-owned real estate across Europe, Middle East and Africa (EMEA) raised €25.6 billion in 2022 in more than 700…
LGIM and NTR raise €390m for Clean Power Fund
Legal & General Investment Management (LGIM) and renewable energy investor NTR said they have raised €390 million in committed capital and co-investment opportunity in the…
Amundi launches range of ‘Net Zero Ambition’ funds
Paris-based Amundi, the largest European asset manager, announced the launch of a “comprehensive range of Net Zero Ambition funds across the main asset classes.” A…
Fund firms support Equities Consolidated Tape – EFAMA
The European Fund and Asset Management Association (EFAMA) announced that 18 European buy-side firms including Baillie Gifford, Legal and General, Schroders, Union, Generali and Invesco…