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…
EIB and illimity in €200m Italy SME investment
The European Investment Bank (EIB) and illimity Bank S.p.A. have concluded an agreement worth €200 million aimed at supporting the working capital and liquidity needs of small…
45% of European VC investments disappoint – report
A new report by a group of European business schools shows that 45% of European venture capital (VC) investments fail or do not secure returns…
Wealth managers to drive private market assets
European asset managers that can develop innovative private asset products for private wealth channels are set to attract significant business over the next three to…
KKR closes its biggest European buyout fund at $8bn
By Mark McSherry US private equity giant KKR has announced the final closing of European Fund VI — which at $8 billion is KKR’s largest…
UBS brings back Ermotti to fix Credit Suisse takeover
UBS Group announced that Sergio Ermotti is returning to the Swiss bank as chief executive officer to oversee the complicated acquisition of Credit Suisse Group….
Swiss regulator defends $17bn bond wipeout
By Mark McSherry Switzerland’s financial market regulator FINMA has defended its decision to impose huge losses on some of Credit Suisse bondholders — arguing that the decision…
Brookfield buys out KKR at X-ELIO, Spanish solar firm
By Mark McSherry Investment firm KKR said it agreed to sell its 50% stake in Spanish renewable energy company X-ELIO to its joint venture partner…
Central banks act as UBS buys Credit Suisse
Central banks took collective action on Sunday to prevent a banking crisis from spreading as Swiss authorities persuaded UBS to buy Credit Suisse for about…
Credit Suisse borrows up to $54bn to avert crisis
By Mark McSherry Credit Suisse said on Thursday it will borrow up to $54 billion from Switzerland’s central bank to shore up liquidity and investor confidence…
Volkswagen to invest €180bn in electric push
By Mark McSherry Volkswagen said it plans to invest €180 billion over five years — with 68% of the money injected into the “future fields” of…
£581m pulled from equity funds in February
The latest Fund Flow Index from Calastone showed that outflows from global equity funds accelerated in February. The index showed the global mutual funds industry…
Guy Hands: Brexit threatens peace, damages UK
Veteran private equity boss Guy Hands of Terra Firma Capital Partners Limited has warned that Brexit has not only damaged the UK’s financial services industries…
Global debt falls slightly to just under $300 trillion
By Mark McSherry The nominal US dollar value of global debt fell by $4 trillion in 2022 to slightly below $300 trillion — the first…
Joan Mitchell Foundation demands Louis Vuitton pull ads
The Joan Mitchell Foundation (JMF) has sent a cease and desist letter to Louis Vuitton Malletier demanding that the company immediately withdraw its print and…
European exchanges join forces for stocks price feed
Euronext and Deutsche Boerse are among 14 European stock exchange groups — who operate in 26 member states of the EU –that have announced a…
Amundi seeks M&A, launches €600m mortgage fund
Paris-based Amundi, Europe’s biggest asset manager with €1.9 trillion in assets under management, is launching Amundi Commercial Real Estate Loans II (ACREL II), the second vintage…
Ireland’s goods exports rise 26% to record €208bn
The value of goods exports from Ireland in 2022 rose more than €42 billion or 26% to €208 billion, the highest level on record, according…
Summit Partners closes European fund at €1.4bn
Alternative investment firm Summit Partners has announced the first and final closing of its newest Europe growth equity fund. Summit Partners Europe Growth Equity Fund…
EBRD trade programme in record €3.6bn deals
The European Bank of Reconstruction and Development (EBRD) said its Trade Facilitation Programme (TFP) supported its highest ever number of transactions in a single year in 2022….
Global Funds Hit By Record $15 Trillion Fall In 2022
By Mark McSherry The global mutual funds industry in 2022 suffered the biggest fall in assets under management (AUM) since the global financial crisis (GFC)…
EIB launches first sterling-denominated digital bond
The European Investment Bank (EIB) announced it has launched its first sterling-denominated digital bond on a private blockchain, in partnership with BNP Paribas, HSBC and…
European VC investment at two-year low in Q4
Venture Capital investment in Europe plummeted to a two-year low in the fourth quarter of 2022, amidst an environment of high inflation, rising interest rates,…
Highland Europe closes its fifth fund, raising €1bn
Venture capital group Highland Europe announced that it has closed its fifth fund, raising €1 billion to build on its strategy of backing the Continent’s…
M&G raises €578m for European property fund
UK asset manager M&G announced it has raised €578 million for its new continental European residential property strategy. M&G said it has expanded its international…
Women reach 42% on European financial firm boards
The latest EY European Financial Services Boardroom Monitor shows that European financial services firms are “responding to investor expectations” with 50% of board appointments over…
Global securities lending revenue up 6% to $9.9bn
By Mark McSherry The global securities lending industry generated $9.89 billion in revenue for lenders in 2022, according to DataLend, the market data service of…
UK equity funds see record £8.4bn outflows in 2022
The latest Fund Flow Index (FFI) report from global funds network Calastone showed that investors sold a record £8.38 billion worth of UK-focused equity funds…