Capital-Intensive Business: CKHH's ports, infrastructure and telecommunications businesses are capital intensive and push up leverage, which constrains the overall ratings.
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Capital Intensive Business: CKHH's ports, infrastructure and telecommunications businesses are capital intensive and push up leverage, which constrains the overall ratings.
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Capital Intensive Business: CKHH's infrastructure, ports and telecommunications businesses are capital intensive and contribute to the company's leverage profile, which constrains its ratings overall.
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" "We get a decent return on the capital-intensive businesses.
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Mr. Fernandez, though, understands that the sector is capital intensive.
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"It's a capital intensive business," Hennessy admitted in September last year.
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Having its own infrastructure is great, but it's also capital intensive.
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While Cityscoot is leasing its scooters, it's a capital-intensive industry.
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Many of those were smaller format, making them less capital intensive.
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As we all know, that's a very capital-intensive tricky game.
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The incentives had attracted mainly capital-intensive manufacturers, particularly pharmaceutical companies.
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"Capital-intensive means it's hard to tighten your belt," Grabar wrote.
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Building cellular and broadband networks is a very capital-intensive business.
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Capital: Obtaining investment in this capital-intensive sector has been a challenge.
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And without traditional banking options, cannabis is a very capital-intensive business.
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It's a costly experiment and part of a hugely capital intensive expansion.
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Investors just need to look for banks that are less capital intensive.
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Buying and selling houses is a pretty capital intensive business, after all.
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Scale helps semiconductor companies greatly because the business is so capital-intensive.
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First, the industry has become less capital-intensive, with workers replacing machinery.
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The company will look for a "less capital intensive approach," it said.
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For example, apprenticeship programs supply qualified workers to accomplish capital-intensive projects.
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"It's very capital-intensive," Salesky said of bringing autonomous mobility to market.
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Fair is a transformative idea operating in an asset / capital intensive environment.
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When big, capital-intensive assets get built, they tend to stick around.
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LNG projects are highly capital intensive and relatively low margin economic endeavors.
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Noble noted that the unit was its "most working capital intensive" operation.
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What about accounting, engineering or software firms that are not capital intensive?
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Production is becoming more capital intensive (automation is part of it). 2.
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These are highly skilled jobs, but it's a very capital-intensive industry.
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Additionally, Pearl sees the cloud business as very competitive and very capital-intensive.
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The industry is capital intensive; you need to amortise the investment over time.
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In Fitch's view, this should limit the company's capital-intensive land replenishing activities.
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This is a high-capital, a capital-intensive business with big fixed costs.
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Capital-intensive industries, such as farming and manufacturing, require money to make money.
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Dry gas goes through pipelines, it's much less capital intensive than power generation.
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But why a special favor only for our class of capital-intensive businesses?
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Offshore wind was capital-intensive and immature, the logic went, so needed help.
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"The breadth of our business model is capital intensive," LeEco said in a statement.
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The business of servicing mortgages can become capital-intensive if a mortgage goes bad.
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It's going to be a long, capital-intensive venture to iterate on those containers.
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But competition is robust, costs are rising, and ZTO is becoming more capital-intensive.
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The days of capital intensive business dominating e-commerce in Southeast Asia are over.
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Grabbing more of a capital-intensive, declining business doesn't sound like a home run.
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"We all realize this is a time-, talent- and capital-intensive business," he said.
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Because, first of all, it takes an awful lot less capital intensive, less investment.
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That GOP reform would make the U.S. a great location for capital-intensive businesses.
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"It's definitely capital intensive," Zhu said on stage when asked about the NIO business model.
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Telstra's carries a significant amount of debt, not uncommon for the capital-intensive telecom business.
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The ratio is an important measure of available cash for the capital-intensive mining industry.
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Danoff has been unenthusiastic about what he describes as capital-intensive telecom and utility stocks.
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Google Fiber is among the most capital intensive of Alphabet's so-called Other Bet companies.
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Both companies are looking for partners to reduce their share in the capital-intensive project.
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Our view is the business of insuring lives at scale is labor and capital-intensive.
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Both firms are looking for partners to reduce their share in the capital-intensive project.
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You've transformed UBS away from a capital intensive risky bank towards a dedicated wealth manager.
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At the time, Gou told Reuters that Foxconn was planning "capital-intensive" investments in America.
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The provision in question allows capital-intensive pass-through businesses to receive more tax relief.
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YES, 5 G CAN BE USED TO COMPETE AGAINST US. IT IS VERY CAPITAL INTENSIVE.
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General Motors representatives stressed that the automotive industry was a long-term, capital-intensive business.
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Buying the latest gadgets to then rent them out is pretty capital-intensive, after all.
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So, the whole business is less capital intensive going forward for a variety of reasons.
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Capital-intensive and hard-to-scale, an app for "instantly offloading" chores wasn't the best business.
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Such capital-intensive projects also create few jobs for Saudis, and are ultimately dependent on oil.
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Those lines are blurred because increasingly the risks that VCs are taking are hugely capital-intensive.
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But like the investment banking and private equity industries, venture capital is becoming more capital-intensive.
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The steel industry is an example, and the aluminum industry, they are very capital-intensive industries.
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This is how businesspeople think — especially those who work in capital-intensive industries like real estate.
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Technological change may mean that startups are less capital-intensive, and so are less hungry for money.
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Shaam said the second money raise in 10 months was needed because it's a capital-intensive business.
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"Our focus has been on the low capital-intensive growth businesses," which include wealth and investment management.
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A low ratio is seen as an indicator of financial health in the capital-intensive mining industry.
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Reprocessing nuclear fuel requires highly secure, capital-intensive installations that take a decade or more to build.
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Costello, does, however, point out that the capital-intensive aspect of implementing sensor technology has hindered growth.
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Building vehicles is a capital-intensive business, so it's no surprise that Zoox would seek more funding.
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And restarting smelters – to say nothing of building new ones – is a long-term, capital intensive process.
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When it comes to red flags, Danoff steers clear of issues in capital-intensive highly regulated industries.
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And this will be a different, much more capital-intensive bet than their original investors probably realized.
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"These infrastructure projects are capital intensive and require a lot of money to implement them," he said.
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In the rich world capital-intensive industries such as manufacturing and mining, the base of unionisation, have shrunk.
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The company is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said on Friday.
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The capital-intensive and trade-oriented nature of shipbuilding often tends to scare private lenders away, he added.
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The divestiture of BC's small, labor and capital intensive bowling business in 2014 also improved the operating profile.
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It is capital-intensive: a "cracker", or petrochemical plant, costs $21bn or more and takes years to build.
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Despite the surge in revenue, Microsoft is still struggling to increase profit in the capital-intensive cloud business.
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It's a capital-intensive industry, and Bird has already raised a ton of money to outlive the competition.
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Weak Standalone Profile: Changsha Pilot is highly leveraged due to its capital intensive land and infrastructure development business.
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But there's no question the company is one of the most capital-intensive startups on the scene currently.
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This nature of capital-intensive business makes it extremely challenging to attract investment in developing innovative manufacturing systems.
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Because if you're gonna go create a new mechanical object or project like that, it's extremely capital intensive.
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Undrawn facilities are seen as capital intensive and pay a small commitment fee of 20% of the margin.
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Fair is a "fundamentally different business than WeWork," he said – one that, while capital intensive, offers higher margins.
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McCaughan argues that the US economy's base has shifted from being manufacturing and capital-intensive to being intellectual.
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That said, other areas that also have capital-intensive models, like medical technology, didn't fare nearly as badly.
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It&aposs capital intensive and slow-moving, and there&aposs a lot of de-risking left to do.
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China restricted the inflow of foreign capital to capital-intensive industries, which consisted mainly of state-owned enterprises.
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That gives Chevron time to consider investments in capital-intensive fuel refining facilities and offshore oil and gas projects.
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The continued targeted sale of certain office buildings will make the portfolio less capital intensive to manage over time.
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Uphill battle: Creating a new breed of silicon chip is extremely capital intensive with research-and-development costs alone.
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Capital-intensive high-tech manufacturing is often better done amid the designers and engineers who thought up the product.
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What they're saying: "Building safe and robust vehicles is difficult and capital intensive," says Navigant Research analyst Sam Abuelsamid.
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The deal had been agreed nearly a year earlier as part of ANZ's efforts to shed capital-intensive assets.
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The bank cut many capital-intensive assets, including tough-to value ones, noncore deposits and over-the-counter derivatives.
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As with other on-demand startups, there is also the fact that it can be a capital-intensive business.
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There are apparently large undrawns on the transaction which can be capital intensive and require more banks, sources said.
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The infusion of capital is necessary for the five-year-old business, which operates in a capital-intensive industry.
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Modern mining is capital-intensive and generates relatively few jobs (though these tend to be skilled and well-paid).
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The most suited, he said, are capital-intensive industries such as textiles, chemicals, paper and packaging and auto parts.
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Further reduction in office building exposure should also result in a less capital intensive portfolio to manage over time.
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"There was skepticism from some people about funding a chip start-up, because it's so capital-intensive," Harris said.
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Barclays, Credit Suisse and Deutsche Bank are struggling to develop profitable strategies in the new capital-intensive world order.
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Amazon met this challenge at a time when automated warehouses still had massive physical footprints and capital-intensive costs.
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Credit Suisse has put more emphasis on wealth management and less on capital-intensive investment banking under Thiam's reorganizations.
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In the process, workers from labor-intensive rural activities have moved to more capital-intensive industrial jobs in cities.
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Building the necessary charging infrastructure will add to the already capital-intensive challenge of developing AV technology and operations.
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Additionally, our expectation of a capital intensive boost to real GDP growth should help increase the economy's underlying capacity.
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In addition, the increasingly capital-intensive nature of high-tech medicine favored big hospitals benefiting from economies of scale.
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Jurvetson has famously funded companies that seemed dangerously futuristic and capital intensive at the time, including Space X and Tesla.
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On-demand cleaning is a capital intensive business which has seen failures in the US, but Korea could prove different.
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But with the market correction hitting capital-intensive on-demand services hardest, that wasn't enough to bring in more funding.
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Costs are great for an upstart competitor to compete in one of the most capital-intensive industries in the world.
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Cost cuts have helped lift operating margins, while JD's capital-intensive logistics unit is benefitting from greater economies of scale.
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One, it makes dividend yields look less attractive; and two, they're capital-intensive — they're going to have higher borrowing costs.
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It's a forbiddingly capital-intensive market to play in, requiring companies to raise massive sums, which make for good headlines.
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Surprisingly for a relatively poor country, their factories tend be more capital-intensive than those of their counterparts in China.
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Dockless bike and scooter sharing is a highly capital-intensive industry — given the costs of operating a fleet of bikes.
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Existing licencing laws and regulations are moderately stringent, and managed pubs are fairly capital-intensive, creating some barriers to entry.
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Matolcsy said further reforms and a shift to a capital-intensive model were needed to make Hungary's economic development sustainable.
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Low interest rates have helped capital-intensive utilities, while some tech companies have benefited from the shift towards cloud computing.
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In November 2016, Ethias launched a commercial initiative, Switch VI, to incentivise customers to redeem capital-intensive "First A" products.
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"Renting as subscription model was capital intensive, we turned capex into opex and built a financial tech model," Bamania explained.
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In the past, enterprise hardware and software startups were seen as capital intensive, with the challenge of long sales cycles.
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Then in October, it announced the sale of its most capital-intensive business, oil trading, to Vitol for $1.2 billion.
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"We have decided to stop operating Xchange Leasing and move towards a less capital-intensive approach," a spokesperson told CNBC.
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"Starting up a testing lab or a dispensary is extremely capital intensive," said Stephen Kaye, Big Rock's chief operating officer.
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Capital intensive projects such as renewable energy are also well positioned for the patient capital incentives built into Opportunity Zones.
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AND HE BRINGS UP THIS IDEA, HANS, THAT IT IS VERY CAPITAL INTENSIVE TO REALLY DEPLOY A TRUE 43G NETWORK.
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The traditional industry has been there and done that, and it sees Tesla headed down a familiar capital-intensive road.
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Under Mr. Thiam's leadership, Credit Suisse is shifting its business model away from riskier, capital-intensive trading and banking businesses.
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WE'RE NOT AN INCREDIBLY CAPITAL INTENSIVE BUSINESS IF YOU LOOK AT OUR TOTAL CAPEX WE SPEND ON AN ANNUAL BASIS.
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The continued targeted reduction of office assets will make the portfolio less capital intensive over time, which Fitch views positively.
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It's a much more high-stakes, more capital-intensive situation here and that definitely plays out in terms of collecting.
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Capital-intensive high-tech manufacturing is often better done by working with the designers and engineers who thought up the products.
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A level of around one or lower is a strong measure of balance sheet health in the capital intensive mining industry.
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"We have decided to stop operating Xchange Leasing and move towards a less capital-intensive approach," a spokesperson told The Verge.
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The big picture: Blitzscaling, or investing to achieve massive growth before competitors do, doesn't work in the capital-intensive AV business.
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"Those are capital intensive purchases and if those get pushed out even just a little bit" it could weaken GE's performance.
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However, some analysts believe the deal fails to address Deutsche Bank's biggest problem, its underperforming and capital-intensive U.S. investment bank.
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When asked if it's a very capital intensive business, Achuthan said they needed the money to get a first-mover advantage.
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Large-cap growth portfolio managers like Fidelity Contrafund's Will Danoff see AT&T as a regulated, capital intensive, slow growth company.
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"We have decided to stop operating Xchange Leasing and move toward a less capital-intensive approach," an Uber spokesperson told Reuters.
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Thiam wants to move away from volatile, capital-intensive investment banking and focus on wealth management, which offers more stable returns.
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The large car makers know that the business is extremely difficult, narrowly profitable in the best of times, and capital intensive.
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High-capital businesses value certain provisions — like the Section 199 deduction — in the tax code more than less capital-intensive businesses.
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But most of those dominant technology companies haven't been capital-intensive companies with complicated financial obligations, such as WeWork and Uber.
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The coronavirus is slamming iBuyers, and firms like Zillow and SoftBank-backed Opendoor are halting their capital-intensive home-flipping businesses
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As it is in a capital-intensive industry, lower funding costs and strong access to credit markets are key competitive advantages.
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"Car sharing is so capital-intensive," says Steve Banfield, who stepped down as head of BMW's ReachNow initiative earlier this year.
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BUT THE PEOPLE, AGAIN, WHO ARE RUNNING, YOU KNOW, JUST KIND OF CAPITAL INTENSIVE BUSINESSES, EVERYBODY'S FEELING PRETTY GOOD RIGHT NOW.
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"Auto manufacturing is a highly capital-intensive business, and because of that we rely on long-term certainty," Ms. Bergquist wrote.
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"We have decided to stop operating Xchange Leasing and move towards a less capital-intensive approach," an Uber spokesperson told Recode.
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Besides video games, music, and movies, Sony also houses a capital-intensive semiconductors unit as well as a loss-making smartphones businesses.
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Over the last decade, the bank has scaled back its capital-intensive investment bank to focus more on banking the world's rich.
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Shoppers need to be trained in food handling and customer service, a capital-intensive prospect for businesses that already have huge overheads.
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They require investments in operations, upon which shareholders get no rate of return, instead of capital-intensive investments, upon which they do.
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Under Le Peuch, the company will continue to move away from capital intensive projects, such as its Schlumberger Production Management (SPM) unit.
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He added that its returns on capital are high for a capital-intensive business and air travel continues to grow over time.
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Generali is more focused than its main rivals on capital-intensive traditional life products rather than unit-linked or index-linked policies.
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Hardware is not the easiest bet to make in the world of startups — it's capital intensive and there have been many failures.
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New European capital rules make it more capital-intensive for insurers to hold closed life insurance business on their books, encouraging consolidation.
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Many other wind farm operators tend to keep a larger part of their developments, which is more capital-intensive and limits growth.
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The project aimed to make settlement of unallocated gold less capital-intensive for banks and other market participants by using blockchain technology.
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Because the American economy is "capital rich" relative to the rest of the world, increasing free trade will benefit capital-intensive industries.
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"At the end of the day, we are developing a lot of capital-intensive projects," said Robert Kasande, a top energy official.
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They are having their cars made by contract manufacturers, which is less capital-intensive but also yields less control over the process.
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Flat steel is mostly made from iron ore in coal-fired blast furnaces at large capital-intensive mills, often far from clients.
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And it's as great as it is in the broadband business and yes, the it's more capital intensive but becoming less so.
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And yet, for a capital-intensive industry that routinely makes billion dollar bets on new factories and products, the uncertainty is unnerving.
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Chevron on Tuesday followed ConocoPhillips' lead from last month in emphasizing shorter-term, less capital-intensive and, it hopes, higher-return assets.
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Kilbride generally focuses his attention on large-cap, US-based issues with low volatility and operating models that aren't overtly capital intensive.
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The Caesars Entertainment parent has said those acquisitions were done at fair value to relieve the CEOC unit of capital intensive projects.
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Besides video games, music and movies, Sony also houses a capital-intensive semiconductors unit as well as a loss-making smartphones business.
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"We think that valuation is just not attractive for this capital-intensive business where more competition has come into the market," added Petrides.
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Iran's aviation industry was the only major capital-intensive sector allowed to purchase directly from U.S. businesses as part of the nuclear deal.
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Staying out of the messy and capital-intensive business of running buses, it contracts them out to local coach firms under its brand.
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Both of those are capital-intensive because they require increasing headcount at the company — which already has more than 170 employees, he said.
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Wireless technology is among the most capital-intensive industries, with annual costs of upkeep and expansion in the tens of billions of dollars.
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"Our top-line performance was disappointing as our capital-intensive businesses experienced challenging market conditions," Chief Executive Robert Friel said in a statement.
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The deal allows Aon to exit a mature, capital-intensive outsourcing business and focus on growth areas such as cybersecurity and health insurance.
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Building a breakout consumer platform will be more complex, more challenging and often more capital-intensive than it was for the prior generation.
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Fitch believes this may also cause management to incrementally optimize its business mix by focusing on more scalable and less capital intensive businesses.
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McDonald's in March said it was reorganizing operations in Asia, bringing in partners as it switches to a less capital-intensive franchise model.
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Aegon is shifting its business mix from high-margin (but capital-intensive) spread-based business to lower-margin, capital-light fee-based business.
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The less that capital-intensive business brings in, the harder it is likely be to make up returns over the following nine months.
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Under Le Peuch, the company will continue to move away from some capital intensive businesses, such as its Schlumberger Production Management (SPM) unit.
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That's not unusual for a capital-intensive and intellectual-property-heavy business — but it meant the firm keenly needed to seek outside funding.
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Ideas around allowing full expensing of equipment, while helpful to capital-intensive industries, may not greatly help those in the professional services sector.
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Excess capacity and the large number of stalled projects across much of the industrial sector will limit loan demand from capital-intensive businesses.
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While Benchmark is investing in capital-intensive businesses, Gurley said he likes industries that are less exposed to price competition, like social media.
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Industry advocates said environmentalists and liberal activists have weaponized the law to sidelines capital-intensive projects like oil and gas pipelines and highways.
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That capital-intensive buildup is a short-term drain on cash, but it reflects strong orders that later convert to sales and profit.
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Drilling the wells is a very capital-intensive process, and since it's a new technology it carries a lot of risk for investors.
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Developing space technologies can still be capital-intensive, and often times angel money isn't enough to get startups ready to score institutional funding.
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ANZ is also battening down the hatches by giving capital-intensive institutional lending a wide berth, slowing dividends and selling non-core assets.
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Capital-intensive businesses such as manufacturers say such a breakdown is unfair because a large share of their income comes from capital investment.
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China, for its part, wants to increase its share of R&D and capital-intensive production, ceding some growth in labor-intensive production.
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Generali is more focused than its main competitors on capital-intensive traditional life products, rather than on unit-linked or index-linked policies.
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If such a system were to be built, it would feature a lot of poorly utilized, capital-intensive wind, solar and storage assets.
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We never actually completed it, and that put us into a tailspin in 2014 because we had a capital intensive ... Why did it break?
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The move comes as many foreign banks have exited the commodities derivatives trading business, which is capital intensive and where margins are under pressure.
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Such firms also tend to be more capital-intensive, because selling into those broader markets allows firms to reduce capital costs per unit sold.
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Central banks slashed the cost of capital to zero and kept it there for the best part of a decade, encouraging capital-intensive investment.
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Charging stations and infrastructure needs to be built that will add to the already capital-intensive nature of developing the AV technology and operations.
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It will also likely be more capital-intensive, given Pflegetiger's "full-stack" model and direct employment of care professionals, something its CEO readily admits.
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Semiconductor startups often struggled to obtain the funding required to scale, as VC firms preferred less capital-intensive industries with faster return on investment.
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The automotive business is highly capital intensive with low margins and without a lack of effective leadership, success in this arena is not possible.
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Thiam has been reshaping Switzerland's second biggest bank by scaling back Credit Suisse's investment banking business to concentrate on less capital-intensive private banking.
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The emerging model is "less capital intensive and (has) a whole lot less stores but more options to get your product within an hour."
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Even though a disruptive approach tends to be more capital-intensive, it's usually from this side that the world's most visionary leaders are born.
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They say they want to create jobs while shifting support from labor-intensive energy industries like solar to capital-intensive energy industries like oil.
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In their model, trade allowed countries like America to economise on labour, by concentrating on capital-intensive activities that made little use of it.
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Similar to starting a company in an industrial or highly regulated industry, starting a media startup focused on high-quality productions is capital intensive.
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Munger said the strategy of buying only service companies helps investors avoid capital-intensive firms, which have weaker business models and are less profitable.
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As a capital intensive market, Ramani said fundraising will be "very regular," with this next round likely to come in seven to eight months.
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Shareholders and investors have gone from unbridled excitement to wanting to see concrete results, execs say Cannabis, by nature, is a capital intensive business.
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"They do raise financing costs on any large capital-intensive projects, inhibit technology sharing, and do have some impact on economic growth," Frye said.
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The move is in line with McDonald's plans to bring in partners as it switches to a less capital-intensive franchise model in Asia.
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"Like any high-growth, capital-intensive investment, the first years are a poor indicator of future profitability," wrote Andy McConn, analyst at Wood Mackenzie.
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Entrepreneurs trek to brand-name Silicon Valley venture firms to find the cash that can finance a high-growth, high-risk, capital-intensive business.
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It is investing in extremely large and capital-intensive infrastructure like power plants and transmission lines, which cost billions of dollars and last for decades.
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In the heyday of public markets, the typical listed firm would be capital-intensive—a railway, say, or a large manufacturer or a chain store.
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In the case of Lazada, the figures show a company that was undoubtedly growing, but had become too capital intensive to continue on its path.
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"The deal means Shell will have little need to explore near or medium term, or to invest in highly capital-intensive unconventional projects," Kenney added.
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The trio pooled their telecom towers, in a sensible bid to stop duplication in a capital-intensive industry, and to bring in fresh private capital.
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Illinois-based McDonald's announced in March it was reorganizing its Asian operations, bringing in partners as it switches to a less capital-intensive franchise model.
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Here, an hour's drive south of the capital, Khartoum, one can glimpse a better economic future for Sudan: high-tech, capital-intensive and outward-looking.
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The French government has long been looking at how to restructure EDF in order to isolate its capital-intensive nuclear business from stock market pressures.
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Peterson senior fellow Gary Hufbauer says that the number is so high because steel is "a very capital intensive industry" that doesn't employ many workers.
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If the product is unique, chances are that the economies of scale to manufacture it will be too capital-intensive for even well-capitalised startups.
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And even though a disruptive approach tends to be more capital-intensive, it's usually from this side that the world's most visionary leaders are born.
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In the past, so-called deep tech or hardware companies had a hard time attracting venture capital because they were seen as too capital intensive.
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"We remain concerned that the department stores are capital intensive and need to be refurbished to a higher standard to attract shoppers," Cantor Fitzgerald added.
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What's more, a piece of capital-intensive equipment may have embedded software: that means you cannot upgrade its operating system without replacing the entire machine.
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That is not the mindset that encourages the care and caution needed in a competitive, capital-intensive industry in which cost reductions are generally incremental.
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Australian banks have been vying to sell off their capital intensive assets amid stiffer bank capital rules aimed at protecting the sector from financial shocks.
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"This is a capital-intensive industry, and we always have to evaluate whether it makes sense to have manufacturing for a given technology," Swan said.
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He also expanded into fee-generating marketing agreements, which are not capital intensive and which banks typically do not lend large sums of money against.
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Takeout food delivery is a capital-intensive business that has attracted such players as Uber and Amazon, with far bigger driver networks and logistics experience.
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This model gives the company certain advantages, in particular a better customer experience, but is capital intensive and comes with a much higher cost structure.
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It's debatable whether capital-intensive, venture-backed companies like FedEx and Apple could have been successful if they were started in a different fundraising environment.
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On Wednesday, he said the firm's capital expenditures are now falling below historical levels following the sale of capital-intensive pressure pumping and drilling businesses.
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Automotive is a capital intensive industry that attempts to operate without major stockpiles of parts, making it especially vulnerable to the coronavirus' spread beyond China.
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Composting is labor- and capital-intensive, and takes time; post-consumer food waste and pre-consumer food can't even be transported on the same truck.
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Slattery predicted that lessors, which depend heavily on access to funds to run their capital-intensive businesses, would in future exert more pressure on airlines.
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He also noted that Sears was a capital-intensive business, requiring steady investments not only in the stores, but also in training and retaining employees.
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Mr. Banks said Beepi, which eschewed conventional test drives for 10-day money-back guarantees, failed to appraise cars accurately and was too capital-intensive.
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Slattery predicted that lessors, which depend heavily on access to funds to run their capital-intensive businesses, would in future exert more pressure on airlines.
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"Our industry is capital intensive ... This is not going to get solved with extracting a couple of points out of the (profit) margin," he said.
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We expect 3 Group Europe's UK business to focus on improving operational efficiency and competitive positioning within the UK market, including securing adequate and reasonably priced spectrum for its operations, after European Union competition authorities blocked 3 Group Europe's proposed acquisition of O2 UK. Capital-Intensive Business: CKHH's infrastructure, ports and telecommunications businesses are capital intensive and push up leverage, which constrains the overall ratings.
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We expect 3 Group Europe's UK business to focus on improving operational efficiency and competitive positioning within the UK market, including securing adequate and reasonably priced spectrum for its operations, after EU competition authorities blocked 3 Group Europe's proposed acquisition of O2 UK. Capital-Intensive Business: CKHH's infrastructure, ports and telecommunications businesses are capital-intensive and push up leverage, which constrains the overall ratings.
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In March, Shell agreed to sell most of its Canadian oil sands assets for $8.5 billion, in a major strategic pullback from the capital-intensive business.
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The capital-intensive energy industry is laden with debt, and as limited partnerships have difficulty meeting their interest payments, they may try to restructure their obligations.
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Taking part in the Saudi tender would underline that EDF still believes in the capital-intensive nuclear export business despite the strains on its balance sheet.
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"The auto industry has always been a capital-intensive industry, and that's more true now than ever," said Stephanie Brinley, principal auto analyst with IHS Markit.
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Bombardier may need to raise more equity to support a capital-intensive business, according to Lorne Steinberg, president of Lorne Steinberg Wealth Management Inc in Montreal.
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That may be true, but Zume's strategy is a capital-intensive one by the standards of most digital companies; it also owns all of its vehicles.
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"Fineco is a profitable, well run, successful and low capital intensive business, which also enjoys ... (higher valuation) multiples than UniCredit," Citi analysts said in a note.
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Under new leadership, the big European banks are desperately looking for ways to make money outside of the capital-intensive businesses of trading and investment banking.
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All of this gets to be capital intensive and while Abraham wouldn't specify funding, he noted that the group has plenty of money at its disposal.
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One year on, however, and the service is present in just four cities, illustrating the challenge of scaling a capital-intensive business on a limited budget.
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Morgan Stanley has been shifting its focus away from more volatile areas of trading and toward more stable and less capital-intensive businesses, like wealth management.
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"While the narrative so far has been held captive to the regulatory burden on the capital intensive business, we think the narrative is misguided," he said.
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Sub-Saharan African startups, for example, have proven themselves particularly skilled at innovating with low-cost mobile applications, rather than capital-intensive, high-broadband web applications.
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The move is in line with the company's reorganization of its Asian operations, bringing in partners as it switches to a less capital-intensive franchise model.
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Building a breakout consumer platform will be more complex, more challenging and often more capital-intensive than it was for certain titans of the prior generation.
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Mack-Cali's portfolio is principally comprised of capital intensive suburban office properties in select New Jersey and, to a lesser extent, New York and Connecticut suburbs.
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Zillow shares plunged 9 percent on Friday after the online real estate database company announced it will begin buying and selling homes, a capital-intensive endeavor.
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The oil sector is by far the most capital-intensive part of the economy, spending some $990,21625 per employee per year at the peak, in 2900.
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The big guys design and engineer, manufacture, and market vehicles; they also maintain finance arms to leverage their automotive profits into less capital-intensive financial profits.
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"This is a very capital-intensive business, so growing through M&A is an advantage," said Scott Homa, the director of US office research at JLL.
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While ride-hailing companies do not own fleets of cars and instead rely on drivers who have their own vehicles, the business is highly capital-intensive.
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Banking is a capital intensive business after all, where your ability to expand is directly tied to your balance sheet in the eyes of the regulator.
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"When you have an industry that has a huge, capital-intensive infrastructure," Mr. Craver said, referring to the power business, "it doesn't turn on a dime."
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Fair doesn't have a cultural problem; it has an extremely capital intensive business that needs to operate at scale to generate sufficient cash flow to work.
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After all, economics always showed that non-college-educated workers would lose out on trade as output shifted to more capital-intensive and skill-intensive goods.
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Building a massive youth sports development is a capital-intensive project, and the original investors ran out of cash after only 100 acres had been developed.
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We didn't do that, but it led me to see that the path to market for highly trained jewelers can often be expensive and capital-intensive.
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"Large constellations are very capital intensive, and investors have to be extremely patient because the returns aren't going to be immediate," says Matt Desch, Iridium's CEO.
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Slate's Henry Grabar described the industry as "low-margin, capital-intensive businesses," which means a company's cash savings won't be very helpful during an extensive crisis.
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That coupled with a deferred tax charge stemming from December's new tax bill is expected to squeeze credit in the capital-intensive sector, the agency said.
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"In my mind, as risky as this business is, and how capital intensive it is, then the partnership makes a lot of sense," Jack Wolf said.
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But many Brazilian shipyards soon started coming up against the same harsh truth as Mauá: Modern shipbuilding is a complex, highly technical and capital-intensive business.
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In the transition's early years, China had a large number of nonviable state-owned enterprises in capital-intensive industries, such as heavy-equipment manufacturing and steelmaking.
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Over a year later, however, and the service is present in just four cities, illustrating the challenge of scaling a capital-intensive business on a limited budget.
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A smaller firm may be more focused on a C-MOA or MOA model, typically purchasing a vertical strip because it is less capital intensive, Timperio said.
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"Technology is making businesses grow faster," compared with the traditional, capital intensive ways of building physical structures in hopes they will pay off over time, Baron said.
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Banks such as BNP Paribas are making a push into asset management because it is less capital intensive than banking and less prone to rising capital requirements.
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Tesla has an early charging advantage — some would call it a "moat" — thanks to an expensive, capital-intensive effort to build out its network of proprietary Superchargers.
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We are a very capital-intensive sector, we require solid investments, long term investments, so all this should be borne in mind when any decisions are taken.
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Keeping the focus on more capital-intensive business lines, German giant Deutsche Bank too recently announced its plans to shrink its investment banking business by 50 percent.
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It is, after all, an industry predicated on carefully litigated intellectual property, intense de facto regulatory and legal scrutiny, and large-scale, capital-intensive chemical manufacturing infrastructure.
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The new combined entity, very briefly known as Glencore Xstrata, was much more exposed to the capital-intensive business of extracting those commodities out of the ground.
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He added Toshiba would need to show how it could stay competitive in the cash-generating but capital-intensive memory chip industry, given its battered balance sheet.
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Because the Basis ecosystem would take some time to develop, we knew we'd need to initially play the role of trader ourselves, which would be capital-intensive.
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Most other capital-intensive "cleantech" startups from the early aughts failed, leading VCs to largely abandon the sector (including some of Bloom's own backers, like Kleiner Perkins).
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The French bank has also said it aims to gain market share in investment banking as rivals retreat to develop less capital-intensive and fee-driven businesses.
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And as capital-intensive companies have been supplanted by those whose value is largely found in their intellectual property, the marketplace is less transparent — with troubling consequences.
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Places like Neighborhood Goods "offer a less capital-intensive option" for brands to get into bricks and mortar, Jefferies analyst Randy Konik said in a research note.
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SoftBank's pitch to companies like Katerra is that it can quickly invest hundreds of millions of dollars into capital-intensive businesses and partner with them for decades.
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The mold will give the company more opportunities to slide into a glut of vacant retail spaces without so many capital-intensive renovations or property build-outs.
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That fierce competition is very capital-intensive and has led to rumors over the few years that the company has explored mergers with Uber Eats and Postmates.
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Why it matters: After two years of explosive growth, scooter companies have entered a new phase—survival of the fittest in a capital-intensive, money-losing industry.
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"Car sharing is so capital-intensive," Steve Banfield, who stepped down this year as head of BMW's Share Now predecessor Reach Now, told WIRED in the fall.
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Capital-intensive pipeline projects are underpinned by firm commitments from shippers, meaning an exodus of shippers due to delays could erode the economic viability of the line.
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"In the beginning, we wanted to be like Netflix, but the unit economies of an 'all-you-can-eat' site is very capital intensive," Mr. Cakarel said.
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The future will be even more capital intensive, and most automakers now "realize doing both powertrain development and creating AVs is simply impossible for one company," says Brennan.
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Offshore projects, which take years to develop and are capital intensive, were the hardest hit by the slump in crude prices as oil and gas producers slashed spending.
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"If you think about airlines, there's a lot of barriers to entry and there are capital intensive barriers, but ultimately airlines are not massively profitable," the investor said.
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Fitch views positively the recent changes in strategy toward less capital-intensive hypermarket openings, focusing on operating efficiencies and the acceleration in discounter format openings in 2016-2017.
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A capital-intensive business in which market share, wide availability in high-density urban areas and low margins have pushed multiple companies to raise large rounds of funding.
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Offshore projects, which take years to develop and are capital intensive, were the hardest hit by the slump in crude prices, as oil and gas producers slashed spending.
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For a private firm to get bank loans in China, especially those in traditional, capital-intensive industries, it often needs substantial collateral or the guarantee of another company.
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Wyndham Worldwide was also gettable, as the CEO transformed the company from being a capital intensive builder of hotels to an asset-light manager of hotels and timeshares.
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"It's a more capital intensive business than paints and coatings, but its not clear why selling it would improve prospects for the rest of the business," he said.
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Going forward, Fitch expects coverage to improve to the mid-2x range due to manageable lease expirations and the company disposing of lower-growth, higher capital-intensive assets.
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And building out any transport service before it can get to that scale is extremely capital intensive — as Uber has demonstrated — which would deteriorate those margins even further.
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Building new capacity is capital intensive; construction can take from a few months to several years, with no guarantee that breakeven cash flow will be reached on schedule.
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Mr. Thiam has been forceful and blunt in describing how the bank's previous model of relying on riskier, capital-intensive trading and banking businesses needed to be revised.
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Analysts have warned that banning fracking could hurt smaller companies, particular those in the capital-intensive exploration and production areas of energy, while driving up global oil prices.
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Larger asset managers' bond holdings now dwarf those of investment banks, which have drastically reduced the size of bond inventories in response to capital-intensive post-crisis regulation.
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This will continue to damage life insurers' profitability and solvency as the traditional savings business is less profitable and more capital-intensive than the UL or protection businesses.
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ROBBINS: YES WE DO. WE SEE, LOOK, IT IS A COMBINATION, THERE ARE LOTS OF BUSINESSES THAT ARE CAPITAL INTENSIVE BUSINESSES THAT WILL PUT THAT CASH TO WORK.
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Settlement of unallocated gold is a capital-intensive process and the platform aims to reduce capital charges for market participants through instant settlement and simultaneous delivery versus payment.
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Sustaining growth in the ridesharing industry — especially given fierce competition in most markets from other ridesharing services, taxi companies and public transit — is a very capital-intensive endeavor.
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The move is a further step in attempts by Tidjane Thiam, the lender's chief executive, to shift its business model away from riskier, capital-intensive trading and banking.
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In addition, Tesla's other capital-intensive plans, such as factory construction, may have to be pushed back to 2019 on account of the slower production ramp, he said.
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For a private firm to get bank loans in China, especially those in traditional, capital-intensive industries, it often needs substantial collateral or the guarantee of another company.
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"In the beginning, we wanted to be like Netflix, but the unit economies of an 'all-you-can-eat' site is very capital-intensive," Cakarel told the Times.
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He's invested in one company I serve on the board of, Doordash, I think they're going to add a lot of oomph to a very capital-intensive business.
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One source close to Rocket Internet told us that the venture builder is not optimistic about landing capital for many of its older, more capital-intensive businesses, including Foodpanda.
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"We are delivering on that core strategic ambition of reducing capital intensity (and) ... the capital-intensive businesses in Petrofac are the IES (Integrated Energy Services) upstream businesses," he said.
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Image courtesy of Getty Images Image courtesy of Getty Images Taken together, startups that turn fixed costs into variable costs make it less capital-intensive to start a business.
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Goldman does not disclose the total sum of that wind-down portfolio, which is largely comprised of capital-intensive, long-dated derivatives, a person familiar with the matter said.
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Instead, its structure to move away from a capital intensive business model has reduced the requirement for customers to provide significant amounts of cash up front for vacation ownership.
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On the other hand, cleantech hardware startups are capital intensive, have longer payback periods and are considered high-risk despite the potential of significant long-term return on investment.
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He said Veolia was selling its U.S. heating business because it is a mature and capital-intensive asset, but that does not mean Veolia will exit this activity elsewhere.
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Like many global lenders, ANZ is exiting capital-intensive businesses at a time when banks are under increasing regulatory pressures to have a greater capital buffer against souring loans.
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SLG's geographic portfolio concentration in the New York metro area, opportunistic capital allocation strategy and ownership of capital intensive office properties are factors that balance the company's credit positives.
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Goldman said that the gross profits and total assets were significantly higher for the tech bubble names and that could be because today's businesses have become more capital intensive.
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That requires lots of space, says Watson, which is why brewing, a capital-intensive industry, is perfect for depressed areas with lots of excess and abandoned industrial real estate.
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Unlike some of its competitors, it develops most of its own projects and rarely sells stakes, living mainly from the sale of power, which is a capital-intensive business.
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One thing we do know from today is that it will continue with its Habitat supermarket, which combines on- and offline retail and is likely to be capital intensive.
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The build-outs are much less capital intensive, according to Mansell, and merchandise is curated to meet a local market's needs, more so than it is at bigger locations.
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However, with just three percent of commerce happening online, inconsistent logistics and differing cultures across the region, building a successful e-commerce business is hugely challenging and capital intensive.
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LIQUIDITY Localiza's management has adopted a conservative and proactive financial strategy to limit the risks associated with its exposure to the cyclical and capital intensive nature of its business.
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"As such, we expect the new measures will prompt higher lending rates in efforts to boost profitability, as well as constrain growth in more capital-intensive lending," he said.
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"With things like fiber, the markets need to develop a lot more, there needs to be much more investment into those operations because they're so capital intensive," she said.
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"As such, we expect the new measures will prompt higher lending rates in efforts to boost profitability, as well as constrain growth in more capital-intensive lending," he said.
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Kateeva's chief executive, Alain Harrus, said that while investors in Silicon Valley had begun looking more at hardware companies, raising big rounds for capital-intensive technology can be tough.
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And in such a highly unstable and capital intensive industry as commercial aviation, cash doesn't just talk, it stands on the a coffee table shouting into a mega phone.
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Where the revenue may be earned: Banks and financial institutions stand to rack up substantial sums funding expensive, capital-intensive projects making infrastructure more resilient against extreme weather, Sarda says.
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Moves by Brazil's government to reduce state banks' risk-taking and curb loan book exposure to capital-intensive activities like infrastructure have stifled the supply of financing for the industry.
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Elon Musk's company is bankrolling two capital intensive projects: Starlink, a network of thousands of small internet satellites, and Starship, a massive rocket to send people and cargo to Mars.
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Infrastructure: Telecom providers are hoping a hefty slice of Trump's infrastructure package will spur broadband network buildout — a very capital-intensive effort — to fill in coverage gaps around the country.
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The move comes after other banks including Australia and New Zealand Banking Group have retreated from the capital intensive metals sector and as Macquarie focuses on its thriving energy business.
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Foxconn chairman Terry Gou has said the company was considering investing in the United States In late April, he had meetings at the White House about "capital-intensive" investment plans.
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New multinationals are less capital-intensive than the manufacturing giants of yesteryear — a firm like Facebook needs less money to start and expand than one producing heavy machinery or cement.
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Because SoftBank has focused its investments on capital intensive, low-margin, mature businesses wrapped in a patina of technology that, for all the hype, don't fundamentally improve weak operating economics.
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Private equity firms such as Apollo and Cinven have also teamed up with insurers in this market, which has grown as large insurers seek to offload capital-intensive pension products.
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The capital intensive nature of this business model means those who pull it off will acquire the most customers, and can turn that revenue scale into investments in new content.
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"Cutting back volatile, capital-intensive and underperforming sales and trading activities, and further reducing the cost base should improve profitability and strengthen leverage, but execution risks are high," it said.
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The two companies are emblematic of how the proposed tariff on steel has exposed division within the industry and highlighted the challenges of rebuilding capacity in a capital-intensive sector.
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"We are looking at investments in technology given that we are present here in Houston, a city known for its capital intensive and technical know-how," he said in prepared remarks.
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With a greater prevalence of capital-intensive sharing economy and enterprise startups in the mobile funding mix, it shouldn't be surprising that the mobile category continues to fare better than others.
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As a result, AT&T has to make "capital-intensive investments, which will add to the billions (it) has already spent to keep up with skyrocketing mobile video usage," Quinn said.
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Although Minneapolis places third in the rankings here, it's also home to a vibrant scene of mature and upstart life sciences companies, which are capital-intensive to start up and run.
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Despite this, Glencore says it will remain cautious and curb spending to keep its net debt to EBITDA ratio, a measure of health in the capital intensive mining sector, below 2.
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BP's plan would spin off crude oil, natural gas and fuel pipelines in a master-limited partnership (MLP), a tax-advantaged structure often used by pipeline and other capital intensive companies.
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For years it had been axiomatic that UTC needed the cash from the lucrative servicing contracts of Otis and Carrier to support the long-cycle, capital-intensive development of jet engines.
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Wall Street banks have seen revenue from their fixed income trading units slump as new regulations introduced since the financial crisis have made bond trading less profitable and more capital intensive.
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Today, having certainty and exclusivity over the IP facilitates moving such discoveries to commercial product — of vital importance in R&D-oriented, capital-intensive, technologically sophisticated sectors such as life sciences.
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If an investor can correctly predict that gold miners will rise in a given session, buying NUGT will be far less capital intensive than buying the vanilla gold miners ETF, GDX.
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Its back-room synergies are not in capital-intensive areas like real estate, with its fixed costs, but rather in technology, with its related access to consumer data and e-commerce.
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Wall Street banks have seen revenue from their fixed income trading units decline as new regulations introduced since the financial crisis have made bond trading less profitable and more capital intensive.
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However, this kind of convertible debt financing is not completely out of the ordinary for capital-intensive companies, and intellectual property is frequently being used as collateral to secure debt funding.
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"This is a capital-intensive market and we want to ensure we are sustainable in the long term," the company's cofounder and CEO, Fredrik Hjelm, told Business Insider in an interview.
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It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health insurance.
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Again, this isn't surprising, considering that sectors like biotech, pharmaceuticals and medical devices are incredibly capital-intensive in the U.S. due to long trial periods and the high cost of regulatory compliance.
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So-called special purpose acquisition companies, or SPACs, seek to fill the gap left by the declining use of master limited partnerships, which historically have helped finance such capital-intensive midstream projects.
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"(The deal) is consistent with the company's desire to transition to a less capital-intensive business model," Lenny Comma, the chief executive officer of Jack in the Box said in a statement.
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Fitch notes that this may cause BAC to look to further optimize its business mix by focusing on less capital-intensive businesses that carry higher returns, such as wealth and asset management.
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McDonald's in March said it was reorganizing operations in the region, looking for strategic partners in China, Hong Kong and South Korea as it switches to a less capital-intensive franchise model.
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But UBS over the last decade has scaled back its capital-intensive investment bank to focus more on the lucrative business of banking the world's rich, becoming the world's largest wealth manager.
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Didi Chuxing itself was created when Didi Dache and Didi Kuaidi called a truce on their capital intensive subsidies war in a merger last year that was valued at around $6 billion.
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Berkshire began amassing those stakes in 2016, surprising many investors because Buffett had viewed the sector as too competitive and capital-intensive after making an investment in USAir Group he later regretted.
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But key Republicans say the retiring Corker was not involved in including that provision in the final bill, which they say came from House Republicans who wanted to help capital-intensive companies.
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A company representative said Uber had since moved away from the capital-intensive ghost-kitchen business and instead drilled down on the Uber Eats restaurant partnerships to serve clients with data insights.
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In addition, some of the most capital-intensive sectors of the Chinese economy are governed by state-owned enterprises in sectors such as telecom, steel, aluminum, agriculture, chemicals, transportation, construction and finance.
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In an age where investors are questioning the value of capital-intensive companies with uncertain paths to profitability, see WeWork, delivering value in a competitive space is part of Bolt&aposs appeal.
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"Cutting back volatile, capital-intensive and underperforming sales and trading activities, and further reducing the cost base should improve profitability and strengthen leverage, but execution risks are high," rating agency Fitch said.
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In the US, companies like Alta Rock Energy have struggled to attract funding for their capital-intensive projects, which receive a fraction of the federal subsidies allocated for wind and solar energy.
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Central to Wood's argument that Tesla could trade as high as $4,000 per share is the idea that Tesla will orient itself away from the capital-intensive vehicle manufacturing business toward software.
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That said, our screen of potential airline acquisitions by Berkshire suggests Southwest could fit well into Berkshire's family given its acquisition criteria, ownership of capital-intensive businesses, and deployable $100b+ cash balance.
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Fitch expects strong annual free cash flow (FCF) of more than $7.5 billion through the intermediate term, driven by lower capital spending following the divestiture of the more capital-intensive foundry business.
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Historically, investment trends have tended to favor cleantech software startups over hardware ones so this finding suggests that de-risking capital-intensive startups can go a long way towards closing this investment gap.
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"The business model is a bit puzzling … It's very capital intensive, and they've got to maintain the bicycles," said Paul Gillis, a professor and co-director at Peking University's Guanghua School of Management.
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Chief Operating Officer Sean Marett told Reuters the group would go public at some stage, given the capital-intensive nature of its business, although an initial public offering (IPO) was unlikely this year.
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The $1 billion fund will forgo near-term returns on investments, providing much-needed time and operating capital to researchers and companies solving difficult technical problems in the capital-intensive renewable energy space.
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It further shows how quickly light manufacturers with less capital-intensive operations can move to Southeast Asia, which has seen a blitz of new investment since Trump launched his first tariffs last spring.
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"We are dissuaded from growing into certain activities that are capital-intensive, and it's easier to grow into other areas that are more favored by the regulators and capital rules," Mr. Blankfein added.
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"MCD's ongoing shift to a less capital intensive, higher franchised model should generate a more predictable earnings stream and accelerated free cash flow that warrant a higher multiple for the shares," he wrote.
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While Hanguang 800 is remarkable, Alibaba's design work is a far less capital-intensive, less complex process than the physical manufacture of a chip (which, in Hanguang's case, was still done in Taiwan).
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Molson Coors opted in 2018 to enter a less capital-intensive joint venture with HEXO Corp — a Canadian cannabis producer — agreeing to create a non-alcoholic cannabis-infused beverage for the Canadian market.
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Instead, they provide greater tax breaks to capital-intensive small businesses, such as manufacturing firms, by allowing a higher percentage of income for those companies to qualify for the lower "pass through" rate.
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Also, the tariffs now being proposed would boost capital-intensive industries that employ relatively few workers per dollar of sales; these tariffs would, if anything, further tilt the distribution of income against labor.
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In April, Zillow announced a significant change to its business model, starting a capital-intensive business of buying and selling homes directly with consumers, expanding its offerings beyond its online real estate services.
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For capital-intensive industries like the freight rail sector — tethered to the economy and consumer behavior — slow growth at the hands of a punitive tax code means less means and incentive to invest.
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The startup's CEO sees the model as a classic leapfrog tech business, effectively bypassing Nigeria's deficient electricity grid and providing a less capital intensive alternative to large (and often complicated) energy infrastructure projects.
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The automaker's capital-intensive core business of building cars and trucks operates with different rates of return on investment, and different levels of risk, from investing in rapidly changing technologies or service businesses.
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The company, which is controlled by Hong Kong billionaire Li Ka-shing, finds the capital-intensive assets less attractive in a low oil price environment, making it challenging to generate profits, the people said.
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The quality of reserves and the reforms have made Brazil an important target for oil majors, even though they have had less appetite for capital-intensive mega projects since crude prices crashed in 2014.
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Observers speak of a dual economy: a "modern" capital-intensive part, powered by foreign direct investment (FDI), usually from America; and a "traditional" jobs-intensive food business, which still looks to the British market.
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With the help and guidance of our leadership team, I've decided to focus the company's resources on strengthening Fair's core technology and reducing costs associated with the capital-intensive supply side of our business.
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But "footwear is a very capital-intensive industry, with years of planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes," the letter sent to Trump said.
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Gavilon is part of a growing group of nontraditional grains traders challenging industry heavyweights in Brazil by using "asset-light" models that forgo investing in capital-intensive assets like port facilities or processing plants.
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Wall Street now values Tesla at about $55 billion, compared to around $50 billion for GM. Despite efforts to paint themselves as technology companies, automakers can't shake their giant, capital-intensive global manufacturing operations.
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Farming is a capital-intensive career, and rarely do aspiring and beginning farmers have the liquid assets required to purchase or lease all the equipment, inputs, and land necessary to launch a viable operation.
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In general, banks are shifting away from risky and so capital-intensive activities, such as trading financial instruments, towards safer areas such as helping firms raise capital and managing the money of wealthy investors.
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In an interview with Reuters on Monday, ANZ Chief Executive Shayne Elliott said the life business in Australia consumes about A$4-$5 billion of capital, making it very capital intensive business to sustain.
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The plan may include measures to reduce Ethias's exposure to interest-rate risk associated with the capital intensive "First A" products, under which guarantees are paid until the policyholder reaches the age of 99.
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"We have no intention of investing in dyeing ... It's capital-intensive and requires highly-skilled workers to operate," the owner of a small Ho Chi Minh-based factory of around 800 employees told Reuters.
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At 128% of GDP in 2015, Cyprus's net external debt (NXD) is the third-highest of Fitch-rated sovereigns, reflecting a highly indebted private sector and the capital-intensive nature of the shipping industry.
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The utility has cut 2016 capital investments in its E&P (exploration and production) unit, its most capital intensive one, to 500 million pounds this year from around 700 million pounds spent in 2015.
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"It was built for hypergrowth and that is too capital intensive," said Sternlicht, who in 1991 co-founded Starwood Capital, which created Starwood Hotels, now part of Marriott, as well as other leisure brands.
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To be sure, some investors will argue a shift away from more capital-intensive businesses in the U.S., like railroads, utilities and manufactures, could have contributed to the disconnect between stocks and the economy.
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While Gorgon remains the most capital intensive of the Australian projects, others including Inpex Corp's Ichthys and Woodside Petroleum's Pluto are more expensive when measured on a cost per unit basis, according to Maugeri.
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The bank this month wraps up the restructuring programme, which slashed costs as it shrank risky and capital-intensive investment bank activities, reduced financing costs and wound down non-strategic business, cutting thousands of jobs.
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So there's this asset-light business that they have right now, which is the ride-hailing, but then they are making acquisitions in the micromobility space and that is going to become more capital intensive.
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As Fidelity's first cable industry analyst, I observed the rise and dominance of a highly capital-intensive industry that soon defined the way Americans watched television and created a new breed of billionaire media moguls.
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As a company, the new entity would be smaller than some rival insurance providers, such as Lincoln Financial, that do not have the council's designation, and presumably would not have the same capital-intensive burdens.
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Back in 2015, the German firm made a change to its approach to the region, moving its focus on new businesses from capital intensive, commerce-based efforts to more nimble and lean startup-type operations.
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That does not apply to those that qualify for a new 20% deduction for pass-throughs, which excludes professional-services firms and favours job-rich, capital-intensive industries over capital-light and job-poor ones.
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"Tesla is clearly capital-intensive... but it's also a disruptor that's growing like crazy, perhaps making it more akin to high-growth tech companies," Bernstein analyst Toni Sacconaghi wrote in a research note on Thursday.
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A portfolio manager at a macro-hedge fund in London said he uses futures to take bets on Italian debt because the margining system in futures contracts makes it less capital intensive than purchasing bonds.
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Like other miners, Glencore embarked on asset sales to drive down debt and has said it will maintain a lower net debt to EBITDA ratio, a crucial measure of available cash in capital-intensive mining.
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Our rating guideline for SKT's upgrade to 'A' is slightly tighter at 1.3x, reflecting SKT's exposure to SK Hynix Co., Ltd, which has lower credit quality due to its cyclical and capital-intensive semiconductor business.
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Mr. Thiam has been blunt about how the bank needed to shift from its model of riskier, capital-intensive trading and banking business toward providing financial services to wealthy clients in fast-growing emerging markets.
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The business, formed from an 21 billion pound ($20.7720 billion) merger last year of two rival Scottish firms, has shifted away from insurance towards less capital-intensive asset management but has suffered from net outflows.
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Anglo American is also making progress on another measure of balance sheet strength in the capital-intensive mining sector - the ratio of its net debt to its earnings before interest, tax, depreciation and amortization (EBITDA).
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It recently announced investments in self-driving and electric car companies, teasing how it thinks these high-tech, capital-intensive businesses could pay dividends potentially in the form of autonomous deliveries in the long run.
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In addition, no doubt the business is capital intensive given the competition, so you'd imagine that a significant amount of money is needed to offset the monthly burn rate that Swiggy and others chalk up.
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Gavilon is part of a growing group of non-traditional grains traders challenging industry heavyweights in Brazil by using "asset-light" models that forgo investing in capital-intensive assets like port facilities or processing plants.
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CIC's consortium also had concerns around achieving the investment returns it desires in a capital-intensive business amid a slowing Chinese economy, the people added, asking not to be identified because the negotiations were confidential.
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Industrious is moving away from the more capital-intensive real estate leases for new locations to simply partnering with property managers to provide everything from lobby activation and service to office design, workplace services, etc.
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" In a client note, Credit Suisse analyst Allison Landry said the additional spending "calls into question whether e-commerce is more capital intensive than previously understood, and it leaves less cash available for share buybacks.
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Breaking out Google from the as-yet-unprofitable "Other Bets," like the capital intensive health-care division Verily or new spin-offs like Loon, makes the company's financial reporting more palatable to bankers and analysts.
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Under Mignon, Natixis' share price nearly quadrupled since May 2009 as the bank slimmed its balance sheet, cut costs after the financial crisis and chose to develop less capital-intensive insurance and asset management businesses.
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Thiam spent much of his four and a half years at Credit Suisse trying to put the lender on a more stable footing -- slashing costs and exiting riskier and more capital-intensive investment banking activities.
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DETROIT, Sept 29 (Reuters) - Ford Motor Co will become less capital intensive and will be open to partnerships as it develops new businesses such as ride sharing and autonomous vehicles, Chairman Bill Ford said on Thursday.
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"We believe telecom services may be particularly positive levered to rising inflation given it is such [a] capital intensive business with significant invested assets — hence, rising inflation raises the ROE of the embedded assets, " he wrote.
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As a capital-intensive business, I see three main obstacles that can make mixed reality arcades a challenging investment for early-stage VCs, but a great opportunity for China or mega-corps like Disney or Comcast.
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But New York-listed Ferrari shares are down 20 percent since their Wall Street debut in October, and some analysts questioned whether the small-volume, capital-intensive carmaker will be able to sustain the high valuations.
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"Footwear is a very capital-intensive industry, with years of planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes," shoe companies wrote in their letter to the administration.
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Investments in R&D are absolutely critical in an energy sector where many technologies are capital-intensive and long-lived, requiring large up-front cash investments with slower returns than most investors are willing to tolerate.
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Johnson Controls' power solutions business, which produces and distributes about 154 million lead-acid batteries for passenger cars and light trucks annually, carries higher margins but has been capital intensive for Johnson Controls, analysts have said.
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The shift toward managed and cloud services would also increase capital efficiency, as it tends to be less capital intensive; this should lead to stronger FCF margins as revenue mix shifts toward managed and cloud services.
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Johnson Controls' power solutions business, which makes and distributes about 154 million lead-acid batteries for passenger cars and light trucks annually, carries higher margins but has been capital intensive for Johnson Controls, analysts have said.
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"The removal of this capital-intensive and secularly-challenged business is still a net positive overall for GE's portfolio transformation, in our view," RBC Capital Markets analyst Deane Dray wrote in a note to clients Monday.
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This is in stark contrast to the dev protocol in the late 1990s, when startups were capital-intensive and vertically integrated because they lacked a robust infrastructural ecosystem of developer tools and third-party cloud solutions.
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Moving those particularly capital-intensive R&D plays into a new entity will help bring the core Uber numbers down to earth, but clearly there's still a lot of work to reach break-even or profitability.
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"We're basically using funds to hire a legit sales team that encompasses most of the major markets in the US, as well as the more capital-intensive tasks needed to enter brick and mortar," Cessario added.
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These claims are not supported by the facts, including high fixed costs associated with a capital-intensive industry, volatile global oil markets, and the need for agility in the wake of unforeseen events, usually weather-related.
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The governmental push has spawned 20 new electric vehicle start-ups in Shanghai alone over the last three to five years, which will eventually result in consolidation for the tech- and capital-intensive industry, he added.
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As the capital-intensive aviation sector battles the rising regional headwinds such as thin margins and intense pricing competition, Scoot aims to differentiate itself in the market by elevating the low-cost carrier experience for travelers.
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The life insurance operation is capital intensive with moderate returns, as highlighted in CBA's pro forma financial year ending 30 June 2017 figures, which show a AUD224 million negative impact on cash net profit after tax.
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"Not only are these projects less risky than greenfield developments, they also tend to be less capital-intensive and are quicker to bring onstream, offering a quicker payback and better returns on development dollars," the consultancy said.
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The result was a unique industry, controlled by a single company that was both marketer and miner, a capital-intensive business built on an ephemeral link to love, its success due to strangled supply and inflated demand.
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Likewise, he says, limited-liability companies replaced other corporate forms because firms in capital-intensive industries such as steel needed to raise a lot of capital, but software companies typically do not need to raise much money.
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Westinghouse's bankruptcy filing has raised questions over whether it will be able to complete capital intensive projects, although it does not affect Westinghouse's operations in Asia, Europe, the Middle East and Africa, according to a company statement.
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Its business model is genius — it simply designs chips and licenses the designs to other manufacturers, allowing its technology to proliferate across the world without needing to invest much in the capital-intensive process of chip manufacturing.
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Denying to the oil and natural gas industry the common tax practices available to other capital-intensive businesses threatens to discourage the investments that have made the United States the world's leading oil and natural gas producer.
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Amazon has lots of initiatives in the field ranging from drones to physical stores to try to support this ambition, but the ideas all have something in common — they are capital-intensive and involve high fixed costs.
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With Free2Move, the company is placing a bet on deep changes to the car business in the decades ahead, as electrification, autonomy and car-sharing remake a capital-intensive industry known for being set in its ways.
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Automotive remains a huge pull when it comes to raising big bucks: part of the reason is because the space is capital intensive, as it straddles both software and hardware (that is, not just equipment but cars).
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"It's the same drivers, but different industries using this market to get financing," said Paal Ringholm, head of credit finance at Sparebank 1 Markets, pointing out that shipping and real estate, like oil, are capital-intensive sectors.
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Top global oil companies are lined up to bid in the auctions for some of the world's most prolific deepwater oilfields, a test of their appetite for capital-intensive offshore projects after three years of low oil prices.
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Westinghouse's bankruptcy filing has raised questions over whether it will be able to complete capital intensive projects, although the move does not affect Westinghouse's operations in Asia, Europe, the Middle East and Africa, according to a company statement.
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At the time, Gou told Reuters when he emerged from meetings at the White House for a second day that Foxconn was planning "capital-intensive" investments in America and that details could be announced in a few weeks.
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Fitch expects that GMA will continue to generate a significant level of capital through strong earnings, and the PCA is likely to fall should regulatory pressure to slow the growth of higher LVR (more capital intensive business) continue.
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As it turns out, there was a bunch of just false conventional wisdom — that the space is capital intensive, that it's highly regulated, that there are only two companies on the planet that build long-range commercial aircraft.
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The Macedonia deal was financed through debt and equity, taking the net debt to EBITDA (earnings before interest, tax depreciation and amortization) ratio to a still modest 1.65, a much-watched indicator in the capital-intensive mining industry.
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The lesson for BP from Shell's experience is a master limited partnership drawing on existing assets can allow it to get cash and continuing income from its capital-intensive operations while still working closely with the asset owners.
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"While cheap oil has … become 'too much of a good thing' for growth, the employment impact of lower oil prices is likely still positive, reflecting the modest effect on employment of the capital-intensive energy sector," Goldman wrote.
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However, further profitability improvement is needed from the Global Markets division, which houses capital intensive sales and trading businesses, and generates about a third of group revenue, Postbank and PWCC's low-risk/low-return German retail banking business.
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"The sale of the business reflects the need for significant scale in the capital intensive life insurance industry in order to drive appropriate returns," Greg Ward, head of Macquarie's Banking and Financial Services Group, said in a statement.
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Thiam, who joined Credit Suisse in 2015, has faced several rocky years, requiring patience from investors as he worked to boost profitability by scaling back risky, capital-intensive investment banking in order to focus on lucrative wealth management.
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But annuities are capital-intensive, leading some insurers, such as Prudential, to exit the market in recent years and Barclays analysts asked if L&G "can fund this level of annuity volumes and continue to grow the dividend".
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The CET1 ratio, a closely-watched measure of financial strength, fell by 100 basis points to 12.1 percent following the disclosure, just shy of the bank's minimum capital level and putting its capital-intensive expansion plans in jeopardy.
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And when production does return, it will be capital intensive, meaning that hundreds of millions of dollars of new factory investments will produce hundreds of jobs, not thousands, in a US workforce of more than 150 million workers.
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ASSET-LIGHT/FEE-DRIVEN FOCUS Fitch expects the company to focus on less capital-intensive inventory sources in its timeshare segment in addition to maintaining its current asset-light, fee-driven lodging and vacation exchange and rentals models.
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Tesla has also proven not to be immune to the financial realities of car-making: the auto industry is capital intensive, and while car companies can generate a lot of revenue, they struggle to manage juicy profit margins.
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Going private, however, is not the solution for firms or the economy; public markets are critical to wealth creation for individuals as part of retirement and pension plans, as well as providing financing for large, capital-intensive firms.
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CALGARY, Alberta/TORONTO (Reuters) - As international energy companies retreat from the Canadian oil sands sector because of depressed oil prices, a fast-shrinking universe of potential buyers may leave some stranded in the high-cost, capital-intensive sector.
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Xie further suggested that the opportunities presented by the outbreak are reserved for companies that have been steadily investing in the field, in part because enterprise services have a longer life cycle and require more capital-intensive infrastructure.
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I work in a capital-intensive industry and my company would benefit significantly from the full and immediate expensing of investments in the year they're made, something that is being considered as part of federal tax reform efforts.
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Greater improvement is possible but will be challenged by a constrained reimbursement environment and growth in Quest's professional labs services (PLS) business, which is lower margin than the company's diagnostic services business, but is significantly less capital-intensive.
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Instead, Target has focused on its private-label brands for apparel and home goods of late, beefing up those categories before moving into food, which can be more capital intensive and the return on investment isn't as compelling.
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The attempted divestment is the latest to emerge from the U.S. Gulf of Mexico, as higher oil prices allow those with capital-intensive investments in the basin to sell them at much more attractive valuations than in recent years.
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The space company has undertaken two ambitious and capital intensive projects: The building of a network of nearly 12,000 internet satellites, called Starlink, and the development of a rocket big enough to send 100 people to Mars, called Starship.
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With the rising tide of cheap imports entering the U.S. market from these and other countries, capacity utilization at domestic mills dropped to as low as 60% in early January, an unsustainable level for a capital-intensive steel producer.
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Westpac said last month it would sell Hastings' fund management business to Northill without divulging the terms of the deal, in a move by a big Australian bank to offload a capital intensive division amid stiffer bank capital rules.
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Internally, Grab sees its financial platform as 'glue' that can keep its core app sticky for users whilst helping build new revenue streams and business lines beyond transportation — which, as we all know, is a highly capital intensive industry.
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"It is not clear what the break-even point for profitability is, as this is a very capital intensive endeavour," said Bernstein analyst Tim Anderson, adding that Novartis is likely to cut the price of Kymriah for DLBCL patients.
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By putting a five-year "immediate expensing" provision in his plan, Trump handed a win to some businesses, especially capital-intensive ones such as oil drillers, that could gain from it through savings on new plant and equipment purchases.
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Kumar Galhotra, Ford's president for North America, said that in this brutally capital-intensive business, it was time to make hard choices: to invest where Ford sees growth and competitive strength, and to shed shrinking or money-losing segments.
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The venture capital model — where investors supply limited funding upfront and expect relatively fast returns — was not always conducive to the frequently capital-intensive, longer time frame nature of clean tech companies that were trying to reinvent the landscape.
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"It is not clear what the break-even point for profitability is, as this is a very capital intensive endeavor," said Bernstein analyst Tim Anderson, adding that Novartis is likely to cut the price of Kymriah for DLBCL patients.
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The divestment of the Aviva units, if completed, would add to strong regional insurance sector M&A momentum in the last couple of years, which has also been aided by local banks looking to exit this capital-intensive business.
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The dearth of information about Tesla's multiple capital-intensive projects - from the Model Y crossover this year, the partially built battery Gigafactory in Nevada, and the Semi truck and Roadster, forecast to begin production in 2019 and 2020 - complicates the task.
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"One Belt One Road's emphasis on large-scale capital-intensive infrastructure investments abroad is aimed at channeling surplus domestic savings away from less productive domestic uses and at relieving overcapacity pressures," Jack Yuan, associate director at Fitch Ratings, told CNBC.
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Noble announced on Wednesday the plans to sell its U.S. gas and power business to Mercuria for $19863 million and has also put its capital-intensive oil liquids business up for sale, leaving it focused on "hard commodities", essentially coal.
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It groups together several businesses with little synergy between them, including capital-intensive gas infrastructure and labour-intensive energy services, a fast-growing renewable energy arm and a legacy nuclear unit in Belgium, which plans to phase out atomic energy.
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While our industry has been moving away from China for some time now, footwear is a very capital-intensive industry, with years of planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes.
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Because the focus of our analysis are more "typical" software-driven product and services companies, the data set also excludes a number of capital-intensive business categories like energy, petrochemical processing and extraction, pharmaceuticals, medical devices and other life sciences companies.
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"I think the old bricks and mortar model of delivering healthcare in South Africa, in a private insurance or public setting, is archaic, it's limited, it's capital intensive and I think health-tech solutions can break that down," he added.
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India's mobile tower business is benefiting as carriers expand their 4G telecoms networks to cater to fast-rising demand for high-speed data, but it still remains a capital-intensive business that can constrain profits in the near-term, analysts said.
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Once China became part of the global economy, what was going to happen was the US getting out of the really labor-intensive stuff as China moved into that, and that's specializing, and more skill- and technology- and capital-intensive industries.
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Developing and scaling new energy technologies has historically proved time-consuming and capital-intensive — not to mention technologically risky — characteristics that have in recent years made investors looking for quick exits and near-term return on capital wary of the space.
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Mack-Cali's portfolio is principally comprised of capital intensive suburban office properties in select New Jersey and, to a lesser extent, New York and Connecticut suburbs - markets generally characterized by stubbornly high vacancy rates and weak same-store NOI growth prospects.
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PayByPhone's expansion hasn't been hindered so much by its ability to scale as by an entrenched parking industry "that continues to hold on to archaic cash and credit card based systems, which are very capital intensive," as Kush put it.
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From the start, MasterClass has taken a different path from other startups in the online courses segment of media (often called MOOCs, or massively open online courses) by specializing in capital-intensive, high-production-quality video series with the biggest names.
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Berkshire Hathaway's edge has always been about generating huge amounts of cash from its insurance operations and finding ways to generate higher returns on that cash, either through acquisitions or into capital-intensive businesses, such as the utilities it owns.
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The Brexit effect is extending to a range of other industries, from talent-intensive ones, where people can decide where to work, to capital-intensive ones, where companies are loth to make investments if they are uncertain about the future.
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The remaining AccorHotels, under Hotel Services (HS) and New Businesses (such as private rental and concierge provider John Paul) will adopt key elements of the less capital- intensive, recurring fee-based business models that are common among US lodging groups.
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"I had dreamed about someday buying a vineyard, but it's a very capital-intensive and thankless business," said Sébastien Boucraut, 46, a French commodities executive based in Dubai who flies in with two longtime friends to sample their Viniv creation.
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But oil trading — where a standard-sized cargo with crude costs over $50 million — is a capital-intensive business which requires trading houses to have tens of billions of dollars of credit lines readily available from dozens of global banks.
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That's quite the vote of confidence for a capital-intensive real estate business but the founders reputation preceded them and early backing from Altman, who invested before the company decided to enter YC, peaked the curiosity of early-stage VCs.
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Based in the northern Italian city of Cesena, Trevi has been hit by a slowdown in the oil and gas industry and a construction downturn, forcing it to restructure its debt, which has risen due to its capital-intensive business model.
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The group, which trades as Currys, PC World and Carphone Warehouse in the UK and Ireland, Elkjop and Elgiganten in Nordic countries and Kotsovolos in Greece, said it would reposition its mobile business to deliver a simpler, less capital-intensive operation.
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Westpac, the country's No.2 lender, said on Friday it had agreed to sell its Hastings fund management business to a London-based asset manager, in the latest move by a big Australian bank to offload a capital-intensive division.
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Today's funding round is not the biggest you will see in fintech, a capital-intensive business that regularly sees rounds in the hundreds of millions (or even in the multiple billions of dollars) to help startups in their expansion efforts.
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Consistent Cash Flow Fitch projects that fixed-charge coverage (FCC) will sustain in the 9083x to 3.5x range over the next several years as LXP refinances higher coupon debt and capital expenditures moderate as the company looks to sell more capital-intensive assets.
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"You're going from an economy where you had to come up with 20 million new jobs a year to almost break even and keep the current administration in place to a new economy that's not capital intensive or jobs intensive," Bass explained.
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"We believe that recent price reductions for both Uber and Lyft may be indicative of investor hesitance to invest in highly capital-intensive, deeply unprofitable and untested business models at this late stage of the economic cycle," PitchBook analyst Asad Hussain said.
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He also explains that operating a meta-search engine is a drastically less capital intensive business than the startup's previous model that saw it offer direct apartment bookings through the site and handle things like the management of landlord deposits and other operations.
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Daimler, Benz and Ford are capital-intensive efficient companies, so I think any company — whether it's Apple or Google or some of the tech companies I've been speaking to — I think any effort to go into that industry is a shareholder-destroying move.
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Firstly, and most obviously, Uber swaps its capital-intensive business unit in China that its own CEO said was costing it $1 billion per year, for a (potentially) near-20 percent stake in the country's dominant ride-sharing company, valued at $35 billion.
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And in Deliveroo's case, margins are an especially important detail, considering that the company is not yet profitable globally; that the food delivery business is massively capital intensive; and that it is even more costly because of the heavy competition Deliveroo is facing.
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Unlike many in the capital intensive e-commerce space, Dot & Co had not raised a huge amount of funding from investors, despite a founding team with impressive credentials — CEO Anthony Soohoo, for one, previously spent time with Apple, Yahoo and Trinity Ventures.
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Thiam said the fresh capital would give the group a pro forma Basel III common equity Tier 25.53 ratio of 215% and allow it greater flexibility to carry out its strategy, by allowing it to make more capital-intensive trades for instance.
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The accumulation of cash by such capital-intensive, heavy manufacturing companies may not be a good thing, so investors should take a close look at such companies to learn why they aren't finding places to reinvest their abundant cash in their enterprises.
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RIO DE JANEIRO (Reuters) - Top global oil companies will compete on Friday in Brazil's billion-dollar auction for some of the world's most prolific deepwater oilfields, a test of their appetite for capital intensive offshore projects after three years of low oil prices.
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"While our industry has been moving away from China for some time now, footwear is a very capital-intensive industry, with years of planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes," the companies said.
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"Once China became part of the global economy, what was going to happen was the US getting out of the really labor-intensive stuff as China moved into that, and that's specializing, and more skill- and technology- and capital-intensive industries," Hanson explained.
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When you bear in mind that the industries involved, mainly aerospace, are highly capital intensive and don't employ many workers per dollar of sales, the number of U.S. jobs involved is surely in the tens of thousands, if that, not hundreds of thousands.
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Rather, what we might see are fewer capital-intensive joint ventures that would require lower-cost entry points, like the one between Molson Coors and HEXOS, as well as a continuation of hiring individual c-suite executives from the liquor and tobacco spaces.
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"Not only are these projects less risky than greenfield developments, they also tend to be less capital-intensive and are quicker to bring on stream, offering a quicker payback and better returns on development dollars," says Angus Rodger, research director at WoodMac.
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For example, new-generation cooperatives (NGC), developed in the 1990s in California and the Midwest, are tailored specifically for use by modern capital-intensive industries that add value to primary products, such as those involved in the production of ethanol from corn.
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Venture capital only goes so far, especially when you're talking about something like the hyperloop — which is to say a massive infrastructure project that's super capital-intensive (read: billions and billions of dollars) and so new that there aren't any rules written for it yet.
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This includes mechanical checks to ensure vehicles makes the Carspring grade, a 6 month warranty on cars bought, home delivery, and a 14 day money-back guarantee — all of which would suggest the company and the space it operates in is a capital intensive business.
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Our findings confirm a piece of common sense: expensive cities (see: NYC and the Bay Area) and those home to capital-intensive industries like biotechnology and advanced manufacturing (see: Boston and San Diego) are the primary drivers and beneficiaries of the trend toward supergiant rounds.
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If SpaceX is able to create an escape pod that works, Musk — who enjoys a kind of cult status in the business world for building superior products in challenging, capital-intensive industries — will only further burnish his reputation as a kind of Tony Stark figure.
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"The automotive business is an extremely capital intensive business and we keep seeing companies who are thinking of getting into it underestimate that," said Autotrader senior analyst Michelle Krebs, citing moves by Apple Inc and Alphabet's Google to back off aggressive forays into the sector.
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But a tough 2019 for the cannabis industry, coupled with continuously dropping domestic beer sales, seems to have prompted the alcohol industry to tread cautiously, favoring "less capital-intensive joint ventures" over high-risk investments, according to a partner from Canadian law firm Bennett Jones.
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The investment, which hasn't closed, is shaping up to be the biggest commitment yet by Sequoia, arguably the most prestigious venture capital firm in Silicon Valley, into the booming, capital-intensive world of self-driving car technology in the US. Aurora and Sequoia declined to comment.
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It would show that America's entrepreneurs can tackle huge societal problems such as green transport; that traditional capital-intensive industries such as carmaking can be disrupted by outsiders; and that publicly listed companies can deliver on long-term projects that do not produce smooth quarterly earnings.
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" In his message announcing last week's layoffs, Painter said he had decided to focus the Fair's resources on strengthening "core technology and reducing costs associated with the capital-intensive supply side of our business," which would require a smaller team "focused on doing fewer things well.
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Making Baidu Video independent removes the drag of a capital intensive business from Baidu's finances and lets the company act like a more nimble startup that can raise capital and draw on experience from third-party investors that it wouldn't interact with as a Baidu business unit.
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"Producing motors is capital intensive, so rather than just manufacturing them for our own purposes, we would like to produce in large volumes with the possibility of supplying a variety of customers," Honda Chief Executive Officer Takahiro Hachigo told reporters at a news briefing on Tuesday.
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Barclays plans to increase slowly the team under Eichel to around 177 bankers and traders, targeting not just the United States but also Europe where there is an active market for securitizing assets, including underperforming and capital intensive real estate loans bloating many banks' balance sheets.
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The marketplace funding model is also valuable, because it allows a single platform to serve more customers (wider range of risk tolerances among investors) and grow more quickly (less capital-intensive model), but, ultimately, the technology-enabled distribution and underwriting has been the predominant driving force.
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MFC remains committed to increase core ROE to 13% or higher over the medium term, driven primarily by organic growth of less capital intensive/higher ROE businesses, particularly Asia and WAM businesses, contributions from recent acquisitions and strategic partnerships in Asia along with greater investment-related experience.
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Julie Palmer, a partner at Begbies Traynor, said the incline in distress for capital intensive sectors such as construction and property was "bad news for the economy," as construction accounts for 17% of all U.K. businesses, employs 2.5 million people and contributes 6% of the nation's economic output.
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Tesla's struggles have dampened optimism about how easy it is to enter the car business, making it harder for China's NIO, backed by internet company Tencent Holdings, as well as others like Faraday Future and Byton, to fund the next stage of growth: capital-intensive volume production and sales.
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A settlement between Musk, Tesla and the U.S. Securities and Exchange Commission allowed Musk to remain as CEO, but required a new independent chairman to oversee an array of capital- intensive new projects in 73, from a factory in China to development of Tesla's new Model Y SUV.
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"It's such a capital-intensive business, and if you're able to partner with a company on that scale and that has a more global focus that would make a lot of sense," said Bryden Teich, portfolio manager at Toronto-based Avenue Investment Management, which does not hold the stock.
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"These companies are extremely capital intensive … the drain on cash flow is quite extreme and we come in and help make the hard decision to shut down rigs or not," Albergotti said about his role when a call comes in from an oil and gas company experiencing financial troubles.
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The second trigger for me was that we acquired significant almond orchard plantations in Australia and in the US. These are very capital intensive projects with long gestation periods – it takes seven years for an almond tree to get to full maturity and it has about a 30-year useful life.
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" Combining these statements regarding DISH's behavior and history with the fact that developing a mobile wireless network is generally a time- and capital-intensive effort, Plaintiff States suggested that DISH's network would be, in the words of one DT official, "something the lawyers can use, but not something customers can use.
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Right at the moment, because the video margins for the U.S. cable distributors are thin and getting thinner as more and more retrans pressure and sports pricing pressure comes in, it's been sort of discovered that actually margins improve as you lose video customers and you become less capital intensive.
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The expansion in Chinese lending comes as many Western banks have been hit by regulations such as the Dodd-Frank financial laws in the United States that have raised their capital holding requirements, pushing them to pare back on lending to all but their largest clients in the capital-intensive industry.
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The plan to move Gazprom's trading headquarters from London to St Petersburg was first considered by the company's management in 2015 but it was put on ice due to concerns about an exodus of people and the difficulties of raising credit for a capital-intensive operation, according to Gazprom sources.
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We view the ratings of LSR to be constrained by the cyclical and capital-intensive nature of the housebuilding industry; high execution risk should the company develop too many projects simultaneously; a lack of medium-term certainty over project development; and higher-than-average risks associated with the Russian business environment and jurisdiction.
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The tax cut and excess federal spending may boost some areas of the economy, but thus far, it has not produced anything more than a modest boost in capital spending (most of it from capital intensive technology companies) but a surge in stock buybacks and dividend increases, Apple being a case in point.
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As the first mining company to take a major hit from a slowing market, Rio was forced to reform and its new CEO Jean-Sebastien Jacques, who took over at the start of July, said this month that maintaining a strong balance sheet was a priority in such a capital-intensive sector.
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"The USMCA allows the US auto industry to remain globally competitive by ensuring vehicles and auto parts are able to move freely across country lines," said Matt Blunt, president of the American Automotive Policy Council, in a statement But auto plants are capital intensive and it takes a long time to move production.
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Industry analysts say it would take a long time before companies would move capital-intensive manufacturing plants because of the USMCA's requirements "We don't think that there are companies that are going to just close their plants in Mexico and move to the United States," said Michelle Krebs, executive analyst at Cox Automotive.
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Now, with capital-intensive policies such as discounts, exclusive sales relationships and strategic investment off the table, smaller players will gain a foothold and be able to do more from e-commerce, according to Kunal Bahl, CEO of Snapdeal — a niche e-commerce firm that once competed head-to-head with Flipkart and Amazon. .
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STEPHENSON: SO THE CEOs OF THE, WHAT I'LL CALL THE CAPITAL INTENSIVE COMPANIES, THAT'S WHERE THEY WERE – I WAS WATCHING JIMMY DUNNE THIS MORNING, AND HE WAS TALKING ABOUT THIS GUY WHO HAS A LOT OF MONEY THAT HE SPOKE TO RECENTLY, HE'S IN THE MEDIA ENTERTAINMENT – HE WAS AT THE TABLE AS WELL.
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It's a very-, it's a lot-, very capital intensive, so the decision is very-, is tough-, PP: I can tell you, but we discuss, but again, for a company like Total, if we invest in that market, first, primarily, it is because it makes sense from a business point of view, not because of a political point of view.
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Reuters reported in May, ANZ was exploring the sale of part or all of its life insurance and product development unit, which is part of the Australian wealth business.. Elliott said the life business in Australia consumes about A$4-$5 billion ($3 billion-$3.8 billion) of capital, making it very capital intensive business to sustain.
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Cuban market entry * Flexible, less capital-intensive business models should facilitate US leisure companies' Cuban market entry * Cuban infrastructure and legislative hurdles pose some near-term challenges to material business platform development and growth * Expects slow demand growth in American travel to Cuba given social, political differences, lack of accommodations and creature comforts Source text for Eikon:
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"Coal maintains a strong foothold in (Southeast Asia's) projected consumption, not only because it is markedly cheaper than natural gas, but also because coal projects are in many cases easier to pursue as they do not require the capital-intensive infrastructure associated with gas," the International Energy Agency said this week in its outlook for Southeast Asia.
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There has been no similar traction in emerging markets (excluding China, which has a mature marketplace lending industry) as the companies frequently have limited access to capital (alternative lending is highly capital-intensive), low-quality data (low penetration of credit histories) and scarce infrastructure, while the level of consumer sophistication is not on par with the U.S. or Europe.
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By erecting an incredibly high barrier to entry, setting up the new entity as a permanent monopoly has the potential to quash innovation and prevent other firms that could provide cheaper or better service from entering the market in the future—a distinct possibility given the current transition from capital-intensive ground-based infrastructure to digital and satellite alternatives.
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QE has provided some limited stimulus to the economy, but at a cost—the risk of asset bubbles, an increase in inequality (poor retirees depending on T-bill returns have been hurt, rich owners of equities have been helped), and an encouragement for firms to invest in capital intensive technologies, making a "jobless" recovery more likely.
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While Tesla still relies on the capital-intensive production system that car makers like Ford and GM have mastered over more than century, the company is viewed as a disruptor — focused on direct-to-consumer sales — and the market has given it a high valuation as that of a technology stock, despite its inability to consistently turn a profit.
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More Resilient Asset-light Business: The remaining Accor's business model post-split will become less capital-intensive with mainly fee-based businesses in management and franchise contracts under HotelServices, and increasingly less reliant on HI. Over time, HI's importance within Accor's room portfolio will be reduced as HI plans to dispose some of its assets, representing around 25% of its room portfolio.
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You're going from an economy where you had to come up with 20 million new jobs a year to almost break even and keep the current administration in place, to a new economy that's not capital intensive or jobs intensive and its growing very quickly, but what does it do for the nation where your trying to pull everyone out of poverty?
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"You have people that move in, you train them and then someone else offers them a job: there is constant raiding going on," says Jeff Sparks, chief operating officer of family-owned Discovery Oil in Midland, who has only recently shifted to the more efficient and capital-intensive drilling techniques that have pushed per-barrel extraction costs down so steeply.
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Autonomous driving is one of the most capital intensive startup businesses, and such a large sum of money is critical for Aurora to remain competitive in a field crowded with well-funded players such as Alphabet Inc and General Motors Co. The new funding brings Aurora's valuation to more than $2.5 billion, according to a person with knowledge of the matter.
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First, they could drive themselves to fueling stations (even if, like hydrogen stations, they are few and far between); second, they could reduce range anxiety (for, say, electric vehicles) by refueling themselves frequently; third, shared cars would be driven more frequently, which could create demand for cars that are more capital-intensive but last longer and use less fuel (like, say, electric vehicles).
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Microsoft Paid Up To $150M To Buy Wearable Computing IP From The Osterhout Design Group Whether or not ODG's downfall was largely a cause of mismanagement, the disparity between acquisition offers and its 2016 valuation showcases a broader cooldown in the augmented reality industry, as capital-intensive efforts in enterprise and hardware have proven to be a more difficult sell for investors heading into 2019.
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Operating performance in MS' Fixed Income, Currencies, and Commodities (FICC) business segment remained challenged, though this was offset by comparatively stable results from Equities trading, which continues to be a strong business for MS. To the extent that market conditions improve, Fitch would expect returns from FICC to modestly improve, though they may continue to remain below the returns for the company's less capital intensive businesses.
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Two salient facts of the ride-sharing industry are that it's generally a very capital-intensive business — market leader Uber has raised $21 billion, for context — and it is built on economies of scale, and those two forces have been leading to a lot of movement, with the bigger fish snapping up the more promising of the smaller fish, and many more startups going belly up.
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"The problem with biotech is it is a really capital-intensive business that takes a long time to come to fruition, but we're actually at a point where you have a lot of potential therapies and new drugs that are very close to coming forward," she said, adding that the success of those new therapies contributed to a robust biotech merger-acquisition cycle in 2019.
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In the case of manufacturing and consumer goods, both are capital-intensive businesses where those working on the physical products might be very removed from those working on sales (not just in terms of job functions, but in terms of the software that's used to manage each operation), or those who are in the field who are helping to distribute those goods to the people ultimately selling them.
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This latest funding brings the total raised by Boxed to $600 million, which is a sizeable amount of funding across startups, but ironically on the more modest side when it comes to e-commerce, which is capital intensive both because of the nature of the business (in Boxed's case, it is buying in goods), as well as for marketing and customer acquisition, before you consider the technology that needs to underpin it.
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AND THAT MEANS THAT, AS WE SHIFT OUR BALANCE BETWEEN A VERY CAPITAL INTENSIVE BUSINESS MODEL TO A MORE BALANCED MODEL, WHERE WE ARE PROVIDING RISK EXPERTISE AND DATA ANALYTICS, COMPLEMENTS OUR BALANCE SHEET STRENGTH IN A WAY THAT CREATES SUSTAINABLE AND COMPETITIVE ADVANTAGE, AND AS WE USE THIRD-PARTY CAPITAL IN ALTERNATIVE CAPITAL SOURCES AND REINSURANCE, WE CAN RUN THIS FRANCHISE WITH LESS CAPITAL WHILE MAINTAINING OUR FINANCIAL STRENGTH AT A LEVEL THAT BACKS UP OUR LONG-TERM PROMISES.
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Leaked memo reveals Knotel CEO's playbook for burying news about jobs cuts at the flex-office startupGrubhub and JPMorgan have teamed up to let delivery drivers instantly access earnings, and cash-outs are surgingHow a new Barclays data-science team is fast-tracking research to measure the economic impact of the coronavirusFirms like Zillow and SoftBank-backed Opendoor are halting their capital-intensive home-flipping businessesA UBS exec lays out the benefits and pain points of all-electronic trading Private equity firms and their portfolio companies need to adapt fast to the coronavirus.
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S. lodging industry RevPAR growth remains slightly positive (low single digits) through the one-to-two year Rating Outlook horizon; --Flat to slightly negative results in WYN's vacation exchange and rentals business as low single-digit member gains at RCI are offset by a secular decline in average spend per member; --Modest improvement in the company's timeshare sales revenue driven by increased tour flow and moderate volume per guest improvement; --Continued emphasis on sourcing less capital-intensive timeshare inventory through discounted repurchases and its WAAM third-party development funding model; --WYN returns its excess FCF to shareholders through dividend increases and share repurchases, regulating the latter to maintain at or near Fitch's 3.25x leverage target at the 'BBB-' rating.
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