corporation-finance

The mega-rocket’s success is SpaceX’s “single most important watch item,” one analyst says.

The foreign exchange and debt markets have delivered a sharp, pre-emptive response to speculation surrounding incoming Prime Minister Andy Burnham’s cabinet appointments. On Wednesday, the Bloomberg British Pound Index surged by as much as 1 per cent, marking its highest level in a year. The rally was triggered by reports that Burnham will appoint Home…

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Apollo Global Management‘s (APO +1.58%) stock price is down about 15% in recent weeks. The decline is mainly tied to the annual reconstitution of the Russell indexes. Apollo, an alternative asset manager, was removed from the Russell 1000 Growth Index following the latest reconstitution, which took effect on June 26. In the algorithms that Russell…

Verdane will partner with existing management teams across the acquired businesses Deal draws on Verdane’s more than 20 years of experience and over 50 portfolio transactions Verdane’s Freya funds are structured to source complex, multi-company transactions like this one Verdane has acquired a portfolio of minority stakes in more than 10 technology businesses from bp.

Morning all, Craig McGlashan here with the Europe Wire from the London newsroom. The complexity of corporate carve-outs might put some sponsors off – particularly given the pervading cautiousness in the M&A market – but that can open opportunities for those willing to do the work, Montagu’s Christoph Leitner-Dietmaier tells us this morning.

Germany’s sovereign wealth fund Kenfo plans to increase its allocation to private markets from 25% to 30% over the next two years, with future commitments focused on infrastructure and real estate while adopting a more selective approach to private equity, according to a report by Bloomberg. Kenfo, which manages more than €28bn and was established…

Cover Genius, the insurtech for embedded insurance, said on July 15 it raised $100 million in capital, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners. The raise ups the business to a $1.9 billion valuation, said Cover Genius, adding that it will use the new capital to deepen enterprise partnerships with enhanced…

Space Exploration Technologies (SPCX 0.61%) stock has been on a wild ride since the company went public just over a month ago. As of this writing, its share price is below its first-day opening price of $150. But where might it be in 12 months? A host of Wall Street analysts recently weighed in, setting…

Canopius Appoints Moore US CEO Nadine Moore Canopius Group, headquartered in Chicago, Illinois, appointed Nadine Moore as CEO of its U.S. business. Based in Chicago, Moore will lead Canopius’ U.S. operations across both its retail and wholesale businesses. Moore will assume leadership of the U.S. business from September 2026, reporting to Group CEO Neil Robertson,…