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Ticketek record shattered by Swifties as Taylor Swift’s Sydney and Melbourne shows sell out, Inflation offers some relief but remains insufficient for the RBA, UBS plans to reduce Credit Suisse’s workforce by over 50%, and the Bank of America to broaden presence across four US states, narrowing the gap with JPMorgan.

Let's jump in.

Before The Bell

Markets

• ASX surges due to inflation data, providing a boost to retailers and property stocks (AFR)

• US consumer confidence soars to a 17-month peak on decreasing inflation and reduced recession concerns

Earnings and Data

• Manchester United surpasses Q3 expectations, boosts outlook despite mounting pressure on owners to sell due to fan discontent and underperformance; stock surges by 7% (MW)

News Summary

• PM aims to revoke the knighthood of Sir James Wallace (NBR)

• Ticketek record shattered by Swifties as Taylor Swift’s Sydney and Melbourne shows sell out (AFR)

• PwC reduces partner compensation, forcing dozens into retirement (AFR)

• Inflation offers some relief but remains insufficient for the RBA (AFR)

• UBS plans to reduce Credit Suisse’s workforce by over 50% (RT)

• New research reveals that approximately 80% of Google's video-ad placements on third-party websites failed to meet the promised standards (WSJ)

• Bank of America to broaden presence across four US states, narrowing the gap with JPMorgan (RT)

• Disney prevails in investor lawsuit related to the dispute with DeSantis (RT)

Deal Flow

Investments / M&A

• Qantas and KKR collaborate for multi-billion dollar Ticketek auction (AFR)

• Rate surge poses complications for Assicurazioni Generali's $22 billion portfolio sale to private equity (RT)

• American Equity Investment Life Holding receives a $4.3 billion takeover bid from Brookfield Reinsurance (RT)

• Valuation disagreements lead to the temporary halt of India's Federal Bank's anticipated $244 million stake sale in its non-banking financial unit (BBG)

VC & Fundraising

• CPMG leads $82.5 million Series D funding round for Augmedics, a startup developing an augmented reality-powered navigation platform for spinal surgeries (TC)

• Equinor Ventures leads $30 million funding round for Carbon Recycling International, a company specialising in carbon dioxide-to-methanol production (PRN)

Equity Raises

• Aditya Birla Capital of India plans to generate up to $213 million through a share sale (RT)

Daily Picks

• UBS plans to reduce Credit Suisse workforce by over 50% (RT)

Job Board

New Zealand

• ASB rural banking graduate - Apply here

• Waterman Capital investment analyst - Apply here

Australia

• Citadel Securities graduate and intern roles - Apply here

• Goldman Sachs Investment Banking Intern - Apply here

• IMC graduate and intern roles - Apply here

• Jarden

  • Graduate role - Apply here

  • Summer internships - Apply here

• Macquarie graduate roles - Apply here

• Optiver

  • Graduate role - Apply here

  • Internships - Apply here

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