Capital Calls: Westpac sets lofty M&A-style cost-cutting goal

FILE PHOTO – A combination of photographs shows people using automated teller machines (ATMs) at Australia’s “Big Four” banks – Australia and New Zealand Banking Group Ltd (bottom R), Commonwealth Bank of Australia (top R), National Australia Bank Ltd (bottom L) and Westpac Banking Corp (top L). REUTERS/Staff/File photo

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CUT TO VICTORY. Australia’s big four banks are too dominant to be major acquirers. That’s not stopping A$95 billion ($73 billion) Westpac (WBC.AX) from cherry-picking one element of the M&A playbook. On Monday the country’s second-largest lender unveiled, along with decent first-half earnings, a

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Plano-based Pickup, hitched to the online shopping explosion, attracts $15 million in venture capital

Plano-based Pickup, an on-demand delivery service in 75 cities that works with retailers, has received $15 million in venture capital money to expand into more markets.

CEO and founder Brenda Stoner said its future expansion will also require more corporate staff across the business in sales and marketing, technology, operations, human resources and accounting.

She plans to double Pickup’s corporate staff of 100, most of them locally, but some jobs may be remote.

Pickup, founded five years ago as a consumer app-based delivery service, has evolved its business by helping retailers such as Big Lots, buybuyBaby and At Home

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Fashion Goes Green to Raise Capital | BoF Professional, News & Analysis

Over the past year, fashion companies from Adidas to Chanel have issued hundreds of millions of dollars in debt to meet environmental targets, betting that there would be plenty of investors interested in financing green projects. Last week, it was H&M’s turn.

The Swedish fast fashion giant made plans to issue €500 million ($607 million) in bonds that will go towards goals ranging from increasing the use of recycled materials to reducing greenhouse-gas emissions by 10 percent.

H&M’s announcement is the latest example of a trend growing across industries as companies seek to tap into appetite for environmental, social and

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