Nick Botha

What is an investment bank worth? This deal slipped a little under my radar but I noticed it when reviewing last month's transactions on the platform and it sprung up in The Times too. Evercore has paid £146 million for Robey Warshaw, a boutique investment bank that definitely falls into the 'elephant hunter' category, advising on monster deals that are usually the preserve of the bulge brackets (Goldman Sachs, J.P. Morgan, Morgan Stanley, Bank of America Merrill Lynch, Deutsche Bank, UBS, Citi and Credit Suisse). Recent mandates include the disposal of Reckitt Benckiser's Essential Home business to Advent for $4.8 billion and the acquisition of Keywords Studios by EQT Group for $2.8 billion. As you would expect with a low volume operator in a cyclical sector, revenues fluctuate but most of what does come in accrues to the partners (there were 5, including George Osborne). Last year £86 million in revenue translated into profit before drawings of £70m (actual drawings in the year totalled £43m). The previous year the equivalent numbers were £46m (revenue), £26m (profit) and £25m (drawings). Definitely not shabby. Article below (ignore the huge fish, it's not relevant). #corporatefinance #mergersandacquisitions

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New research from Barclays reveals that the UK’s investment gap has grown by over 30% in just two years with 15m UK adults now holding over £610bn of ‘possible investments’ in cash. Investing can deliver better financial outcomes for individuals and supports economic growth. The growing investment gap emphasises that significant efforts are still required to transform the UK into a nation of investors. In recent months, we have seen collaborative action and positive steps from regulators and policymakers – the Advice Guidance Boundary Review and the retail investment reforms announced at Mansion House present a unique opportunity to reshape the UK’s investment culture.  The task now is to turn these reforms into lasting behavioural change, helping savers feel confident, supported and better able to understand risk. That focus on building confidence will be central to industry's work as part of the UK’s new retail investment campaign. Read the full report below ⬇️ https://lnkd.in/egMpcSpx

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Business confidence rises despite drop in economic optimism.   Our August Business Barometer, published today, shows UK business confidence rose slightly this month, marking the fourth consecutive monthly increase. This improvement was driven by a five-point rise in companies’ confidence in their trading prospects to 63% – the highest level since 2014 – while hiring intentions strengthened for the fourth month in a row, despite ongoing cost pressures.   Economic optimism eased slightly, falling three points to 44%, but remains above the long-term average. Confidence gains were led by manufacturing, which reached its highest level in a decade, and retail, while construction and services saw declines.   As always, we’re here to support businesses as they navigate both opportunities and challenges ahead. You can read the full report below.   Lloyds Business & Commercial | Paul Kempster | Caroline Haynes | Ruchir Rodrigues | Kim Kinnaird | David Thomasson | Chris Loring

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At BST Consulting Limited, we believe compliance should not slow banks down. It should give them clarity and confidence.   Our IFRS 9 engine takes the stress out of expected credit loss. It turns complex calculations into clear, reliable results that stand up to scrutiny.   With RegSuite, monthly returns and FINA reporting are no longer long, manual processes. Reports are generated in minutes, validated, and ready to go. Accuracy improves. Teams save time. Regulators get what they need without delays.   This is just the start. We are building even more tools to help financial institutions work smarter and stay ahead.   #IFRS9 #RegTech #BST

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Cognitive Foreplay and Financial Advice: New research shows how the value of advice and advice adherence might increase by understanding the impact of timing when the advice is given. #wealthmanagement #financialservices #keynotespeaket cc Speakers Spotlight

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