Blackstone tunes into Hipgnosis strategy with $1bn music investment
Private equity group also buys stake in Merck Mercuriadis’s company as valuations boom
UK
Music/Blackstone: royalty streams are better left to institutional backers
Private funds gain superior visibility into business prospects
Newcastle United: buying a football club can still be lucrative – with the right business tactics
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).
Bond platform Trumid raises $208m as Wall Street bets on electronic trading
Backers for start-up include Point Break Capital Management, BlackRock and TPG
Crypto lender Celsius Network raises $400m as regulatory pressure grows
Management hopes investment will open doors in mainstream financial markets
Nobel economics prize winners showed economists how to turn the real world into their laboratory
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.
China's energy crisis shows just how hard it will be to reach net zero
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.
Supply chains can easily break – here's how they can be made more resilient to prevent shortages
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.
Why Boris Johnson's plans for a 'high-wage economy' require a major shift in the way British business works
Boris Johnson has declared that his government plans to build a “high-skill, high-wage” economy across the UK. But it will not be an easy thing to deliver.
Stock market: many companies are choosing not to be listed – here's why
All the bull can be a lot to bear. BachoStock markets reached all-time highs in 2021, bringing huge value to the companies riding the wave, even when you allow for the dip in recent weeks.
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