Listed banks post a flat quarter as deposit costs finally bite
Margin compression arrived a quarter later than most analysts had modelled.
Listed and private companies, deals, results and the people running them.
Margin compression arrived a quarter later than most analysts had modelled.
Discount-led growth has given way to a fight over basket size, and the numbers are finally public.
Six companies withdrew filings this year. Their finance chiefs point to the same three costs, and none of them is the fee schedule.
Working capital is being pushed down the chain, and the smallest suppliers have the least room to absorb it.
Underwriters have repriced a category that had been quietly mispriced for years.
The separation has been discussed for years. The trigger was a financing covenant.