December, 2021

• 15 December

  Brookfield in talks to buy Australia’s Intellihub stake

  

    Bloomberg Brookfield Asset Management is in talks for a deal to acquire a stake in Australian energy metering business Intellihub Group, according to people familiar with the matter. The private equity firm is the likely winner of an auction to buy an interest in the residential energy metering firm from its existing Australian backers Pacific Equity Partners, the people ...

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• 15 December

  Draghi wants to make Italy more friendly to investors

  

    Italian Prime Minister Mario Draghi wants to make his country more friendly to outside investors. But an ongoing power struggle involving its largest insurer, its richest man and its most powerful investment banker is not a good look. Leonardo Del Vecchio’s fortune of nearly 40 billion euros ($45.1 billion) is rooted in his eyewear group Luxottica Group SpA, which ...

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• 15 December

  A big EV battery IPO is here. Be careful

  

    One of the biggest electric-vehicle battery companies in the world is going public. South Korea’s LG Energy Solution, which makes powerpacks for the likes of General Motors Co, is looking to raise up to almost $11 billion in a listing that could value the company at close to $60 billion. Big, bold and promising as that is, investors need ...

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• 15 December

  Young retail investors are shooting for moon

    The Robinhood crowd came to the fore this year, with their enthusiasm for meme stocks making them a force for professional traders to reckon with. Pandemic lockdowns sparked a wave of interest in day trading, and with it rose the dangers of misunderstanding the investment boundary . Still, retail buyers’ appetite for risk shows no sign of abating. That’s ...

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• 15 December

  Foreign hedge funds take new run in China

    They meet again. Hedge funds that profited from the debt restructuring of Kaisa Group Holdings in 2015 are back, circling the Shenzhen-based real estate developer that is once again trying to dig out from under a mountain of debt. This time, the stakes are even bigger. About $12 billion of dollar-denominated debt is at risk versus only $2.5 billion ...

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• 14 December

  Virgin Atlantic secures $530m funding from Branson, Delta

  

    Bloomberg Virgin Atlantic Airways Ltd owners Richard Branson and Delta Air Lines Inc agreed to provide a 400 million-pound ($530 million) capital injection into the UK carrier to see it through the latest slump in global travel. Branson’s Virgin Group will cough up 204 million pounds of the funding and Atlanta-based Delta the rest, allowing them to maintain their ...

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• 14 December

  NYC’s JFK Airport set for $9.5 billion Carlyle-backed redo

  

    Bloomberg New York Governor Kathy Hochul announced a $9.5 billion revamp of Terminal 1 at John F Kennedy International Airport, restarting the transformation of one of the busiest airports in the US as it works through pandemic delays. The funding infusion will create a new Terminal 1 on the current site of terminals 1, 2, and 3 at the ...

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• 14 December

  Boeing, FAA whistle-blower safety risks detailed by Senate

  

    Bloomberg Whistle-blowers at Boeing Co and others involved with the aviation industry are raising renewed concerns about safety in the wake of the 737 Max crash investigations, according to a report. Senator Maria Cantwell, the Washington Democrat who is chairwoman of the Senate Commerce, Science and Transportation Committee, called on US aviation regulators to act on the latest concerns ...

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• 14 December

  Ocado wins ruling in patent fight over robot warehouses

  

    Bloomberg Ocado Group Plc shares surged after the UK company won the first round in a patent-infringement case filed by rival AutoStore Holdings Ltd that has been hanging over the online grocery technology provider. Ocado shares rose as much as 9%, while Autostore dropped as much as 15%. Three AutoStore patents are invalid, while Ocado doesn’t infringe a fourth, ...

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• 14 December

  BA’s Gatwick short-haul to fly from March

    Bloomberg British Airways said its new Gatwick short-haul operation will begin flying in March, with the UK carrier putting tickets to 35 destinations on sale from Tuesday. Flights operated by the new subsidiary — BA Euroflyer — will continue to be branded British Airways, and will operate to destinations including Ibiza, Faro in Portugal, Malaga and Tenerife in Spain ...

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