Sector Distress Glut

Blackstone joins private equity deal wave in US accounting sector

Acquisition of Citrin Cooperman from New Mountain Capital for $2bn marks a step up in valuations

Financial Times - 14h

CNBC Daily Open: The AI sector still has legs to run

Semiconductor stocks jumped on Monday, lifted by buoyant news regarding the artificial intelligence sector. The S&P and Nasdaq posted two straight days of gains.

CNBC - 20h

‘Evolution not revolution’: Can the private sector help cut NHS waiting lists?

Keir Starmer has vowed to make better use of existing capacity to reduce massive backlog

Financial Times - 1d

Citigroup’s stock is a banking-sector bargain as ‘inflection point’ looms, analyst suggests

Barclays analyst Jason Goldberg upgrades Citigroup to overweight from equal weight on bullish 2025 prospects.

MarketWatch - 1d

‘There will be a bit of a slump’: London braced for luxury hotel glut

Biggest number of room openings in more than a decade prompts concerns about oversupply and price cuts

Financial Times - 3d

US relaxes green hydrogen rules in race to boost sector

Biden administration’s Treasury delays stricter requirements for claiming tax credits ahead of Trump’s return

Financial Times - 4d

Reinsurance costs fall as sector deploys record capital

Decrease follows two years of bumper profits for providers

Financial Times - 5d

German solar sector in distress as glut of panels heaps pressure on industry

Wave of bankruptcies hits key European market as double-digit growth rate slows