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Explainer-How tycoon and Chrysler Building owner Benko lost grip of his empire

Rene Benko, one of Europe's most prominent property tycoons, on Wednesday relinquished the chairmanship of Signa Holding, the real estate empire he founded, amid an investor revolt and dimming prospects for the sector. Signa's troubles have come to symbolise the repercussions of a surge in interest rates on companies that have borrowed heavily to grow. Born in 1977 in Innsbruck, Rene Benko dropped out of school and began by turning attics into apartments.
Andrea Enria Tom Sims Deutsche Boerse Ernst Tanner Lindt Spruengli Mark Potter
Source: yahoo.com

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IHG Hotels and Resorts showcases impressive growth for its Holiday Inn brand family in Southern Europe

IHG Hotels & Resorts, one of the world’s leading hotel companies, continues to demonstrate the strength of its Holiday Inn brand family in Southern Europe, as it signs 13 hotels and opens a further two, including a brand debut – Holiday Inn Express & Suites Portimão – and a market debut – Holiday Inn Express Sofia Airport in Bulgaria. These signings and openings reflect IHG Hotels & Resorts’ strategic ambitions to grow at speed in the region, driven by world-renowned brand...
France General Basse Normandie Larnaca Marina Sofiya Grad Atlantic Ocean Harland Poston

IHG's Holiday Inn brand Shows Sustained Growth in Southern Europe

IHG Hotels & Resorts, one of the world’s leading hotel companies, continues to demonstrate the strength of its Holiday Inn brand family in Southern Europe, as it signs 13 hotels and opens a further two, including a brand debut – Holiday Inn Express & Suites Portimão – and a market debut – Holiday Inn Express Sofia Airport in Bulgaria. These signings and openings reflect IHG Hotels & Resorts’ strategic ambitions to grow at speed in the region, driven by world-renowned brand...
France General Basse Normandie Larnaca Marina Sofiya Grad Atlantic Ocean Harland Poston

ESG bond sales sprint to $1trn as investors force change

MONEYWEB app instead? ESG bond sales sprint to $1trn as investors force change That’s more than double what was sold in all of 2020 as more borrowers are pushed to sell ethical debt by investors. By Caleb Mutua, Bloomberg 18 Jul 2021  07:48  Image: Bloomberg Creative Photos Global issuance of bonds for environmental, social and governance goals look set to hit $1 trillion for the first time ever this year. That’s more than double what was sold in all of 2020 as more borrowers a...
United States United Kingdom Tom Joyce Marilyn Ceci Philip Brown Financial Group Inc

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