Thu.Dec 05, 2024

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Davivienda Considers Assets Of Scotiabank In Colombia

Global Finance

Banco Davivienda of Grupo Bolívar is reportedly working on a deal with Scotiabank for their Colombia and Central America assets. Rumors of a sale started in December 2023 when president and CEO of Scotiabank, Scott Thomson, announced a global strategy to seek higher returns from developed markets. At the time, Thomson said they would analyze how Latin American business performed in 2024 and 2025.

Banking 98
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Business Valuation for Selling a Daycare

Peak Business Valuation

Are you considering selling a daycare business ? Are you unsure how to get the most out of a sale? Is the value of your daycare unfamiliar to you? If you want to know the answer to these questions, continue reading. In this article, you will discover how business appraisers like Peak Business Valuation conduct a valuation for selling a daycare. As of 2024, there are about 568,000 daycares across the US according to IBIS World.

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Mexico: New President Pledges To ‘Fix’ Pemex

Global Finance

Mexicos new President Claudia Sheinbaum announced measures last month to steady the finances of the state-owned oil company Pemex, which experienced another round of losses this fall. In September, Pemex announced a third-quarter loss of 161.5 billion Mexican pesos (US$8 billion). Factors contributing to the losses included decreased total sales; increased fixed asset deterioration, especially in hydrocarbon processing plants; and losses on foreign exchange.

Finance 109
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Transforming mindsets: Nathan Bostock on banking transformations

Mckinsey and Company

The financial services industry is changing. Leaders who approach banking transformations boldly and engage their whole team in the process may find more success.

Banking 116
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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Chris Mercer to Speak at the 2024 NACVA Business Valuation and Financial Litigation Super Conference

Auto Dealer Valuation Insights

Christopher Mercer, FASA, CFA, ABAR will be speaking in person at this year’s 2024 NACVA Business Valuation and Financial Litigation Super Conference on December 12, 2024, in Las Vegas, Nevada.

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Thames Water receives bid from Covalis and France’s Suez

Financial Times M&A

UK investor is teaming up with French group as part of a bid for control of troubled utility

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More Trending

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How to improve your tax research process

ThomsonReuters

As a tax and accounting professional, you understand tax research and staying current with new developments can be time-consuming, especially in todays ever-changing legislative and regulatory environment. In fact, state legislatures have found that keeping pace with the changes and complexity of tax laws continues to be a top concern for most CPA firms.

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UK regulator approves £16.5bn combination of Vodafone and Three

Financial Times M&A

Merger is expected to create Britain’s largest mobile operator

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Lulu IPO Gets Mixed Reception

Global Finance

Lulu Retail Holdings, a major operator of hypermarkets in the Middle East, raised $1.72 billion last month in an initial public offering (IPO) that was more than 25 times oversubscribed and the largest listing in the United Arab Emirates (UAE) this year. The company sold approximately 3 billion ordinary shares, representing 30% of issued share capital.

Finance 59
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How the Vodafone-Three UK merger will reshape Britain’s mobile landscape

Financial Times M&A

Deal will reduce number of operators in the country from four to three

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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What is a context window?

Mckinsey and Company

A context window is how information is entered into a large language model (LLM). The larger the context window, the more information the LLM is able to process at once.

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Aviva raises offer to buy Direct Line

Financial Times M&A

FTSE 100 insurer makes second bid for its smaller rival at 261p a share

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Goldman Sachs Mulls Spinoff Of Digital Business

Global Finance

Nearly two years after its debut, Goldman Sachs ponders whether its Digital Asset Platform (DAP) should become an independent, standalone business. The platform, housed in the bank’s Digital Assets business, allows users to issue debt and cash offerings as tokenized assets and manage them throughout their lifecycle. The bank expects to make its final decision in 12 to 18 months, reported Bloomberg.

Banking 52
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Strengthening tax solutions: The power of Thomson Reuters Partnerships & Alliances

ThomsonReuters

← Blog home At Thomson Reuters, we’re known for our trusted AI, advanced technology, and deep expertise across legal, tax, and compliance. But we don’t stop there. Through our Partnerships & Alliances Program , we have built a thriving ecosystem of world-class partnerships, offering professionals like you a unique opportunity to harness our mutual strengths, capabilities, and resources to better navigate today’s complex landscape.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Capex excellence in oil and gas: Innovations for market challenges

Mckinsey and Company

Novel capital deployment and procurement approaches could help address the current challenges within the oil and gas industry’s upstream market, leading to increased value creation.

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Corporate Transparency Act Enforcement Stalled: What It Means for Businesses

Redpath

Enforcement of the Corporate Transparency Act (CTA) has hit a significant roadblock. The U.S. District Court for the Eastern District of Texas recently issued a preliminary injunction that halts the Department of Justice from enforcing the CTA.

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Battery Recycling Firm To Go Public Via $250M SPAC Merger

Law 360 M&A

Renewable-energy focused Ace Green Recycling Inc., has agreed to go public by merging with special-purpose acquisition company Athena Technology Acquisition Corp. II in a deal that values Ace Green's equity at $250 million, both parties have announced.

Equity 52
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5 Must-Have Elements of an Effective Audit Program

N Contracts

There’s a reason internal auditors are called the third line of defense. They ensure your financial institution’s operations are safe and compliant.

Banking 52
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Gardening Makes Me A Better Lawyer

Law 360 M&A

Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.

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FounderMetrics: Boris Dyakonov & Eduard Panteleev

Vested

How Boris Dyakonov and Eduard Panteleev built ANNA, leveraging AI to transform business for UK SMEs. They unpack their journey on FounderMetrics with Ifty Nasir.

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Antitrust in Retail: Handbag Ruling Won't Go Out Of Fashion

Law 360 M&A

Although a New York federal court’s recent decision to enjoin a proposed $8.5 billion merger between the owners of Michael Kors and Coach applied noncontroversial antitrust interpretations, several notable aspects of the opinion stand out as likely candidates for further discussion in future merger litigation, say attorneys at Holland & Knight.

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Israel’s Unique Approach to CEO Pay Governance

Reynolds Holding

The global debate surrounding CEO compensation remains important and contentious. While many countries have implemented advisory frameworks for say-on-pay votes, Israel has taken a pioneering approach with its binding dual-majority voting system. Introduced in 2012 through Amendment 20 to the Companies Law, this mechanism seeks to align executive pay with shareholder interests.

Banking 49
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Hunton Gains Capital Markets Pro In Dallas From V&E

Law 360 M&A

Hunton Andrews Kurth LLP has boosted its capital markets practice in Dallas with a former Vinson & Elkins LLP deal lawyer who has particular expertise in the mining and natural resources sector of the energy industry.

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Cool Roof Coatings Market to Witness 7.20% CAGR by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that cool roof coatings market size will attain the value of USD 8.28 Billion by 2031 , with a CAGR of 7.20% during the forecast period (2024-2031). The cool roof coatings industry has witnessed tremendous growth in recent years and is expected to expand further in the coming years. This growth can be attributed to several factors such as increasing demand for energy efficient solutions, growing environmental concerns and support

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Private Equity: Funds Eager to Get In the NFL Game

John Jenkins

Earlier this year, I blogged about the NFL’s decision to open its franchises up to investment by a select group of private equity funds.

Equity 45
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Parenteral Nutrition Market to Surpass Valuation of USD 12,324.1 Million by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global parenteral nutrition market size will reach a value of USD 12,324.1 Million by 2031 , with a CAGR of 7.6% during the forecast period (2024-2031). Shorter hospital stays, a lower risk of infection, the development of technically sophisticated parenteral nutrition (PN) products with barcode assistance, and the growing preference of PN over enteral nutrition in COVID-19 patients are some of the factors driving the ma

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AI and Finance

Harvard Corporate Governance

Posted by Andrea L. Eisfeldt (UCLA) and Gregor Schubert (UCLA), on Thursday, December 5, 2024 Editor's Note: Andrea L. Eisfeldt is the Laurence D. and Lori W. Fink Endowed Chair in Finance at the UCLA Anderson School of Management, and Gregor Schubert is an Assistant Professor of Finance at the UCLA Anderson School of Management. This post is based on their recent paper.

Finance 306
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Underfloor Heating Market to Drive Growth at USD 9.86 Billion by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global underfloor heating market will attain a value of USD 9.86 Billion by 2031, with a CAGR of 7.70% during the forecast period (2024-2031). With more awareness and focus on energy efficiency in buildings are expected to increase demand for condense boiler underfloor heating which have a wider area of floor as compared to traditional heating methods Furthermore, the growing need for improved comfort and aesthetics in i

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Carbon Credits: An Overview of a Climate Controversy

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Thursday, December 5, 2024 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Ritika Iyer, Climate Solutions Associate; Livia Wack, Climate Solutions Senior Associate; and Patricia Perez Arias, Climate Solutions Associate Director at ISS ESG.

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ZenaTech Plans to Disrupt the Land Survey Industry With Drones, Signs LOI for Land Survey Company Acquisition

Benzinga

TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (NASDAQ: ZENA ) (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces today that it has signed an LOI (Letter of Intent) to acquire its first land survey company, part of a larger roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed, accuracy and innovation benefits.

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Activists Continue to Target Director Tenure

Harvard Corporate Governance

Posted by Elizabeth R. Gonzalez-Sussman, Louis M. Davis, Alexander J. Vargas, Skadden, Arps, Slate, Meagher & Flom LLP, on Thursday, December 5, 2024 Editor's Note: Elizabeth R. Gonzalez-Sussman is a Partner and Louis M. Davis and Alexander J. Vargas are Associates at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum.

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Steam Turbine Market to Propel Growth at USD 20.32 Billion by 2031

Benzinga

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global steam turbine market will attain a value of USD 20.32 Billion by 2031, with a CAGR of 2.5% during the forecast period (2024-2031). The global steam turbine market will witness substantial growth in the forecast period owing to high energy demand coupled with constant investments for capacity expansions.

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Chart a Course for Success With a Detailed Chart of Accounts

Machen McChesney

A chart of accounts is the foundation of accurate financial reporting, so it needs to be set up correctly. A disorganized chart or one that lumps transactions into broad, undefined “buckets” of data can make it difficult for management to evaluate financial performance and identify unmet customer needs — or open the door to accounting errors and fraud.

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High-End Upholstery Market to Surpass Valuation of USD 1156.80 Million by 2031 | SkyQuest Technology

Benzinga

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global high-end upholstery market size will reach a value of USD 1156.80 Million by 2031, with a CAGR of 4.81% during the forecast period (2024-2031). The expansion of the furniture sector is a major factor driving the global high-end upholstery market. As homes and offices transform, the need for furniture that is really appealing and functional increases.