Saudi Arabia has rejected the US Senate’s conclusion that its crown prince was responsible for the murder of journalist Jamal Khashoggi.

US shipping company UPS dubbed ‘grinch’ after promising to shred letters to Santa

US stock markets have fallen sharply in a renewed sell-off as global share prices looked set for a grim end to the year.

UK Manufacturers will pick up the burden of paying for recycling under new government plans which hope to cut down on waste going to landfill.

Superdry co-founder Julian Dunkerton has said he fears for the future of the fashion brand unless it changes course – after its latest profit warning left the share price 80% below its peak earlier this year.

 

Coventry-based Economy Energy, gas and electricity supplier to nearly 250,000 homes is seeking a rescue fundraising to avoid becoming the tenth company to collapse amid the crisis which has engulfed the sector this year.

FINANCE REAL ESTATE TOP STORIES

Blackstone Seeks $18 Billion for Biggest Real Estate Fund

The firm, already the private equity industry’s largest real estate investor, will have a strategy similar to its last fund– in investing in distressed properties across the globe

Blackstone Group LP expects to raise $18 bn for its biggest real estate fund ever. This will also make it larger than its prior fund, which was gathered at $15.8 bn in 2015.

The company is seeking capital at an opportune time. Institutions such as public pension plans and insurance companies are betting big on property assets to protect against inflation and broaden their holdings beyond stocks and bonds. The number of investors allocating $1 bn to the space keeps increasing, according to data provider Prequin.

A representative for Blackstone declined to comment.

In June, Blackstone raised $7.1 bn for an opportunistic real estate fund focused on Asia, and Carlyle Group LP this month also raised its largest US real estate fund.

Beyond real estate, investors are piling into alternative assets, helping firms raise much larger funds than before. The private equity industry brought in a record $453 bn last year.

Blackstone is aiming to take advantage of this demand.It expects to raise more than $20 bn for its eighth buyout fund, Bloomberg reported in July. Its prior buyout fund was a third invested at the end of June, according to a regulatory filing.

-GBO Corespondent. 

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