Jones Lang LaSalle (JLL) Q1 Earnings & Revenues Top Estimates Zacks.com 5/6/2021
Jones Lang LaSalle Inc. JLL popularly known as JLL reported first-quarter 2021 adjusted earnings of $2.10 per share, handily beating the Zacks Consensus Estimate of 60 cents. Revenues for the quarter came in at $4.04 billion, surpassing the Zacks Consensus Estimate of $3.75 billion.
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Continued strength of Americas Corporate Solutions helped drive Property & Facility Management growth, while transaction-based service lines reflect improving economic conditions, highlighted by solid recovery in Asia Pacific. Moreover, the company’s overall margin expansion included valuation increases to JLL Technologies strategic proptech investments, Year-over-year changes in loan loss credit reserves and the fair value of LaSalle s co-investment portfolio as well as cost-mitigation benefits.
By Reuters Staff
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(Reuters) -Car battery maker Clarios, backed by Canada’s Brookfield Asset Management Inc, said on Wednesday it had confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering.
The company did not disclose other details about the proposed offering.
The flotation of Clarios, which could be valued at over $20 billion in its IPO according to a person familiar with the matter, would mark one of the biggest stock market debuts from the automotive sector this year.
Electric-vehicle maker Lucid Motors struck a $24-billion merger deal with a blank-check firm in February, while another high-flying startup Rivian is also lining up to go public later this year.
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Brookfield Business Partners generated Company EBITDA of $387 million for the three months ended March 31, 2021 compared to $294 million for the three months ended March 31, 2020 reflecting increased EBITDA in our Business Services and Industrials segments, partially offset by reduced contribution from our Infrastructure Services segment. For the three months ended March 31, 2021 Company FFO was $217 million ($1.46 per unit) compared to $152 million ($1.01 per unit) in the prior year on a comparable basis excluding the benefit of gains on dispositions.
Net income attributable to unitholders for the three months ended March 31, 2021 was $530 million ($3.57 per unit) compared to net loss of $126 million (loss of $0.84 per unit) in the prior year. Net income included gains generated from our reduced GrafTech interest, partially offset by costs recorded at Clarios primarily related to the closure of one of its North American recycling facilities and continued optimization of
A MoMA Trusteeâs $40 Million Art Complex Shifts Focus to Brooklyn
May 05 2021, 4:50 AM
May 05 2021, 1:48 AM
May 05 2021, 4:50 AM
(Bloomberg) Arts patron Lonti Ebers has announced that her sprawling 21,000-square-foot compound in Brooklyn, N.Y.âs East Williamsburg section will open as an arts destination and cultural hub on June 5.Â
(Bloomberg) Arts patron Lonti Ebers has announced that her sprawling 21,000-square-foot compound in Brooklyn, N.Y.âs East Williamsburg section will open as an arts destination and cultural hub on June 5.Â
The Amant Foundation, which covers four buildings on Grand and Maujer streets, was designed by the architecture firm SO-IL, and includes art galleries, a bookstore and cafe, offices, art studios, and a performance space. Itâs about a 20-minute subway ride on the L train from Manhattanâs Chelsea gallery district.
Dubai: Abu Dhabi National Oil Co. is close to hiring JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to help arrange the potential listing of its drilling business, according to people familiar with the matter.
Adnoc, as the company is known, is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10 billion, the people said, declining to be named because the matter is private. In 2018, when Baker Hughes bought a 5% stake in Adnoc Drilling, that deal valued the company at about $11 billion, including $1 billion of debt.
Although the state energy firm has yet to award formal mandates, the two banks are in pole position for a role on the IPO at the Abu Dhabi Securities Exchange, the people said. Adnoc may also appoint additional advisers, they said.