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  • Fiserv Reports Third Quarter 2023 Results

    Date 24/10/2023

    • GAAP revenue growth of 8% both in the quarter and year to date;
    • GAAP EPS increased 108% in the quarter and 32% year to date;
    • Operating cash flow increased 19% to $3.57 billion year to date;
    • Organic revenue growth of 12% in the quarter and 11% year to date;
    • Adjusted EPS increased 20% in the quarter and 16% year to date;
    • Free cash flow increased 29% to $2.72 billion year to date;
    • Company raises 2023 organic revenue growth outlook to 11%
    • and raises adjusted EPS outlook to $7.47 to $7.52

  • ESMA Finds Natural Gas Futures Markets Functioned Appropriately During The August 2022 Price Surge

    Date 24/10/2023

    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes a study on the record surge in prices in European natural gas futures markets in August 2022. Natural gas derivative markets came into the spotlight with the Russian invasion of Ukraine, which drove uncertainty and later led to falls in Russian supplies.

     

  • ECI Partners Welcomes Louis Jans To Its Investment Team

    Date 24/10/2023

    ECI Partners, the leading growth-focused mid-market private equity firm, has welcomed Louis Jans to its team as Investment Associate. Louis’ role will involve originating and working on new investments, as well as supporting management teams in the ECI portfolio.

  • Anticipation Of A Spot Bitcoin ETF Prompts Further Inflows - CoinShares - Fund Flows

    Date 24/10/2023

    • Digital asset investment products saw inflows for the 4th consecutive week totalling US$66m. Total AuM has now risen to US$33bn.
    • While the most recent inflows are likely linked to excitement over a spot bitcoin ETF launch in the US, they are relatively low in comparison to June announcements, suggesting more caution from investors this time round.
    • Solana saw a further US$15.5m inflows last week, bringing year-to-date inflows to US$74m (47% of AuM) — making it the most popular altcoin this year so far.

  • Higher Oil Prices Widen Disparities In Financial Outlook Within Energy Sector - Profits Boost For Fossil Fuel Companies As Renewable Energy Sector Lags Behind

    Date 24/10/2023

    Higher oil prices, stoked afresh by the conflict in the Middle East, are benefiting oil and gas company finances as prospects dim for renewable energy companies, aggregated data compiled by Credit Benchmark show.