Private equity group also buys stake in Merck Mercuriadis’s company as valuations boom
Private funds gain superior visibility into business prospects
Shutterstock/Michael715Many Newcastle United fans cheered the announcement on October 7 that their club had finally been sold for £305 million. The sale, to a consortium headed up by Saudi Arabia’s sovereign wealth fund, adds to a long list of clubs bought by the mega-rich, including Manchester City (owned by Sheikh Mansour), Arsenal (Stan Kroenke) and Chelsea (Roman Abramovich).
Backers for start-up include Point Break Capital Management, BlackRock and TPG
Management hopes investment will open doors in mainstream financial markets
People power. Che MediaThe Nobel committee’s decision to award its economics prize for 2021 to David Card, Josh Angrist and Guido Imbens marks the culmination of a revolution in the way economists approach the world that began more than 30 years ago. Until the 1980s, experiments were uncommon in economics.
As the world prepares to discuss more aggressive cuts to carbon emissions at the UN’s COP26 climate conference in Glasgow, China has just sent out the worst possible advance signal. It is going to loosen restrictions on coal mining in the final three months of the year in response to an energy crisis which has seen nationwide blackouts and many manufacturers shutting down production lines in recent weeks.
shutterstock Supply chains are essential to everyday life, bringing materials to factories, food to your plate, and fuel to your car.
The links in those chains – the manufacturers, logistics companies, warehouses and retailers – combine to form dynamic systems driven by customer demand. But a small, unpredictable change in demand can have major ramifications, as seen with the recent queues and rising tempers at petrol stations in the UK.