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JPMorgan


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Emergent Cold plans to boost Brazil investments by around $175 million

Emergent Cold plans to boost Brazil investments by around $175 million SAO PAULO, Dec 1 (Reuters) - Refrigerated warehouse logistics operator Emergent Cold LatAm plans an additional investment of around $175 million in Brazil over the next 12 to 18 months, the company's CEO and co-founder Neal Rider told Reuters. Emergent Cold raised $500 million in a newly disclosed investment round at the end of October that was led by U.S.
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Heathrow stake sale opens the door for a resurgence in airport deals

FOCUS-Heathrow stake sale opens the door for a resurgence in airport deals GIP hires advisers to sell its Edinburgh airport stake -sources Other airport deals in Italy, UK will probably follow -sources Recovery of air traffic post-pandemic encourages investors Updates first quote By Andres Gonzalez, Emma-Victoria Farr and Elisa Anzolin LONDON/FRANKFURT, Dec 1 (Reuters) - In the wake of the COVID-19 pandemic, a rebound in travel and rising interest rates is leading some airport owners and operato
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Crypto stocks set to start December on high note as bitcoin hits near 19-month high

UPDATE 1-Crypto stocks set to start December on high note as bitcoin hits near 19-month high Updates prices to market open Dec 1 (Reuters) - Shares of crypto miners and bitcoin-tracking companies rose on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite. Bitcoin BTC=BTSP , up 1.6% at $38,337, has been gaining since October on optimism that a potential approval of a spot exchange-traded fund is likely to unleash more capi
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Corebridge Financial down as AIG's 35 mln share sale prices

BUZZ-Corebridge Financial down as AIG's 35 mln share sale prices ** Shares of Corebridge Financial CRBG.N down 3.8% at $20.24 premarket as American International Group AIG.N cuts stake in its former life insurance and retirement services business ** Global insurer AIG announces pricing of 35 mln shares at $20.50, 2.5% discount to CRBG's close on Thurs ** JP Morgan sole underwriter for offering ** On Nov 6, AIG reduced its holdings to ~365 mln shares, or ~58%, in 50 mln share secondary offering a
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Global economy to slow down but likely avoid recession in 2024

FACTBOX-Global economy to slow down but likely avoid recession in 2024 Adds Citigroup's forecasts Dec 1(Reuters) - Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies. The global economy is forecast to grow 2.9% this year, a Reuters poll showed, with next year's growth seen slowing to 2.6%.
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Elastic surges on FY24 forecast raise, Q2 results beat

BUZZ-Elastic surges on FY24 forecast raise, Q2 results beat ** U.S.-listed shares of Elastic NV ESTC.N surge 20.3% to $96.7 premarket, on track to hit its highest level in over 1-1/2 years ** The search engine software co lifts FY24 adj. EPS to the range of $1.06-$1.15, from its previous forecast of $1.01-$1.11 ** Q2 results also beat Wall Street e
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Clearwater Analytics tumbles as PE sponsors cut stakes

BUZZ-Clearwater Analytics tumbles as PE sponsors cut stakes ** Shares of Clearwater Analytics CWAN.N down 8.1% at $19.59 premarket on secondary offering ** Investment management software co late Thurs launched offering of 17 mln shares to be sold by private equity firms Welsh, Carson, Anderson & Stowe, Warburg Pincus and Permira Advisers ** JP Morgan sole bookrunner ** Market sources say offering priced at $20, 6.1% discount to stock's last sale ** The same PE firms offloaded 20 mln shares in No
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Crypto stocks set to start December on a high note as bitcoin hits near 19-month high

Crypto stocks set to start December on a high note as bitcoin hits near 19-month high Dec 1 (Reuters) - Shares of crypto miners and bitcoin-tracking companies climbed in premarket trading on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite. Bitcoin BTC=BTSP , up 2% at $38,410, has been gaining since October on optimism that a potential approval of a spot exchange-traded fund is likely to unleash more capital investments
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Banks get carbon emissions standard they sought for stock, bond deals

UPDATE 2-Banks get carbon emissions standard they sought for stock, bond deals Long-awaited facilitated emissions standard launched Banks backed accounting for 33% of capital market emissions Big polluters raise much of their cash from bonds and stocks Adds details on PCAF in paragraph 3, more bank names in paragraph 19 By Tommy Wilkes LONDON, Dec 1 (Reuters) - Banks will need to account for a third of the emissions linked to their capital markets deals when they report their carbon footprint, a
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Saudi Arabia NEOM Investment fund to hold 6% in Italy's Technogym

UPDATE 1-Saudi Arabia NEOM Investment fund to hold 6% in Italy's Technogym Adds details, background, updated share price ROME/MILAN, Dec 1 (Reuters) - Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym TGYM.MI share capital after an 111-million-euro ($120.83 million) investment and intends to be a long-term minority shareholder in the Italian fitness-equipment maker, it said on Friday.
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Super Micro Computer slips on $524 mln equity raise

BUZZ-Super Micro Computer slips on $524 mln equity raise ** Super Micro Computer's SMCI.O stock down 4.4% at $261.35 premarket after overnight follow-on priced ** Server and storage systems provider announces ~2.1 mln shares at $262, 4.2% discount to last sale ** SMCI sold 2 mln shares for gross proceeds of $524 mln to fund operations, manufacturing capacity expansion and R&D ** Certain holders sold 100,700 shares, including CEO Charles Liang, who sold 50,000 shares of his ~7.8 mln shares, or ~1
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Heathrow stake sale opens the door for a resurgence in airport deals

FOCUS-Heathrow stake sale opens the door for a resurgence in airport deals GIP hires advisers to sell its Edinburgh airport stake -sources Other airport deals in Italy, UK will probably follow -sources Recovery of air traffic post-pandemic encourages investors By Andres Gonzalez, Emma-Victoria Farr and Elisa Anzolin LONDON/FRANKFURT, Dec 1 (Reuters) - In the wake of the COVID-19 pandemic, a rebound in travel and rising interest rates is leading some airport owners and operators to sell up after
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Street View: Ulta faring well in pressured macro environment

BUZZ-Street View: Ulta faring well in pressured macro environment ** Cosmetics retailer Ulta Beauty ULTA.O raised the lower end of its full-year profit and sales forecasts on Thursday ** Shares rise 10.8% to $472 premarket on Friday ** Company also says longtime CFO Scott Settersten will retire in April 2024 BEAUTY REMAINS STRONG AMID ECONOMIC UNCE
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Brokerages raise India's economic growth forecast after upbeat Q2

UPDATE 1-Brokerages raise India's economic growth forecast after upbeat Q2 Adds forecasts from Morgan Stanley, UBS and Nomura; changes dateline Dec 1 (Reuters) - Several brokerages, including Wall Street majors BofA and Citigroup, raised their forecasts for India's economic growth for the current fiscal year, after the country's economy grew at a faster-than-expected pace in the second quarter.
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Tech giants lead surge in global mega-caps as inflation eases

GRAPHIC-Tech giants lead surge in global mega-caps as inflation eases Dec 1 (Reuters) - Market capitalisations of global mega-cap companies, led by prominent technology firms, surged in November, buoyed by a decline in U.S. yields and growing anticipation of potential rate cuts by global central banks amid diminishing worries about inflation. Apple Inc's AAPL.O market value jumped 11.2% to $2.95 trillion over the past month, while Microsoft Corp (MSFT.O) saw a 12.1% increase in its market cap, r
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J.P.Morgan sees weaker European food retail in 2024/25

BUZZ-J.P.Morgan sees weaker European food retail in 2024/25 ** J.P.Morgan expects disinflation to continue impacting sales and margins of the European Food Retail sector in 2024/25 ** JPM says nothing structurally improved in food retail in 2020-23, whilst some companies now appear to be over earning ** The broker downgrades Tesco TSCO.L and Metro B4B.DE to "underweight" from "neutral", contributing to a total of six sector stocks rated as "underweight" and only Colruyt COLR.BR at "overweight" *
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Investment fund NEOM to hold 6% in Italy's Technogym

Investment fund NEOM to hold 6% in Italy's Technogym ROME, Dec 1 (Reuters) - Investment fund NEOM will hold 6% of Technogym TGYM.MI through its subsidiary NIF holding after an 111-million-euro ($121.07 million) investment and intends to be a long-term minority shareholder in the Italian fitness-equipment maker, JP Morgan said on Friday. In a reverse accelerated bookbuilding (RABB) operation on Thursday, NEOM bought 8.8 million shares at 9.20 euros ($10.03)each from other investors and entered a
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New bank carbon emissions reporting standard includes equity, bond underwriting

New bank carbon emissions reporting standard includes equity, bond underwriting By Tommy Wilkes LONDON, Dec 1 (Reuters) - More banks will need to report and then reduce the carbon emissions linked to their capital markets deals, after an industry-led standard-setter for carbon accounting launched its long-awaited methodology on Friday. Credible and widely adopted carbon accounting standards are considered vital for improving the transparency and accountability of the role corporations play in ge
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Brokerages raise India's economic growth forecast after upbeat data

FACTBOX-Brokerages raise India's economic growth forecast after upbeat data Nov 30 (Reuters) - Several brokerages, including Wall Street majors such as BofA and Citigroup, raised their forecast for India's economic growth for the current fiscal year after data showed the economy grew at a faster-than-expected pace in the September quarter. The economy, considered to be the fastest growing among major economies this year, grew 7.6% in the quarter ended Sept.
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Job cuts, lean bonuses loom over Europe's bankers in 2024

ANALYSIS-Job cuts, lean bonuses loom over Europe's bankers in 2024 Geopolitics may extend dealmaking depression Bonuses largely expected to disappoint Peak rates, new capital rules to crimp bank earnings Hefty job cuts feared, firms still open to top talent By Sinead Cruise, Iain Withers and Lawrence White LONDON, Dec 1 (Reuters) - A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt's 'Mainhattan' finan
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