KKR’s acquisition of Spectris at 96% premium sums up the failings of the UK stock market in a nutshell This shouldn’t happen in a well-functioning stock market: a grownup industrial company, listed in London since 1988, with revenues of...
Peter Waddell’s rags-to-riches story took a new twist when he was found to have been shockingly abusive at work. He insists he is a victim In many ways, Peter Waddell is lucky to be alive, let alone a multimillionaire. His backstory...
Potential uncertainty for customers and staff as Shawbrook owner Pollen Street Capital sounds out bank’s bosses Business live – latest updates Metro Bank shares have surged to a two year-high after news of a takeover approach by a London...
Jack-in-the-’edge | Greedy industries | Writing outside your experience | Clauses and pauses My Kentish great-grandmother used “Jack-in-the-’edge” as she called it (garlic mustard) to make an all-purpose salve for her large family ( Nell...
Deal with US private equity company will end two years of uncertainty over future of titles A consortium led by the US private equity company RedBird Capital has agreed to buy the Telegraph for £500m, ending two years of uncertainty over...
Cap of 15% could allow US firm RedBird Capital to finalise deal to buy titles after two years of uncertainty The government will allow foreign states to own stakes of up to 15% in British newspapers in a move that could finally end two...
Sir Adrian Montague’s appearance on Tuesday offers perhaps the last chance to scrutinise utility’s dealings Hurrah, Sir Adrian Montague, the chair of Thames Water , is scheduled to make another of his rare public appearances. On Tuesday,...
A deal involving US money or a US partnership isn’t guaranteed but the odds are favourable If you want to crack the booming US gambling market as a UK or Irish company, it’s best to find an American partner, buy an American business, or...
Common Wealth says private gas-fired stations can charge exorbitant fees when renewable energy is in short supply Britain’s gas power stations should be nationalised to prevent their owners from holding the electricity market “to...
Guardian understands plan from US private equity firm to form a consortium or self-fund could come as soon as next month The US private equity firm RedBird Capital is confident of tabling a deal to take control of the Daily and Sunday...
The 176-year-old chemist is preparing for another change of hands. What’s the mood of staff and residents at its home base in Nottinghamshire? ‘We’ve had several rounds of cost-cutting and it could happen again,” says a Boots worker....
Raising standards, including safety, should be at the heart of Labour’s plans for preschool Figures showing a steep increase in the number of safety incidents involving children at nurseries in England are a reminder that the...
Choosing KKR as the preferred bidder for the UK’s biggest water company may not fill Thames Water’s workers with joy Thames Water names KKR as preferred bidder The answer to too much private equity ownership at Thames Water, it turns...
KKR expected to acquire stake worth £4bn as UK’s biggest water supplier tries to stave off nationalisation Comment: The barbarians are at the gates of the sewage works Thames Water has picked the US investment firm KKR to take a stake in...
Sale of Walgreens Boots Alliance to Sycamore Partners will mean further uncertainty for pharmacy chain staff The US owner of Boots is to be taken private in a $10bn (£7.8bn) deal that will mean further uncertainty for thousands of...
Common Wealth thinktank says Labour should control profits made by ‘institutional investors’ One of the UK’s fastest growing property markets is dominated by corporate landlords focused on providing homes for couples and singles,...
Government report says private equity investment in nursing homes led to 11% increase in patient deaths Private equity investment firms have been slammed for their role in the declining healthcare quality and access, as well as the...
Daniel Křetínský could be hoping to develop or sell off the company’s portfolio of about 1,800 sites The shadow of the Sphinx looms large over a nondescript urban depot in north London. You could fit two football pitches on to the vast...
Terra Firma’s sale of 36,000 properties ends legal fight with government over recent housing reforms Business live – latest updates A property company linked to Guy Hands has agreed to sell 36,000 military homes to the UK’s Ministry of...
Secondary sales of stakes in private equity, venture capital and real estate funds totaled $47 billion in 2014, roughly 80 percent more than in 2013, research by the investment bank Evercore found.
The Treasury Department has the legal authority to close some tax loopholes that Congress did not intend, writes Victor Fleischer in the Standard Deduction column.
The investment firm H Partners raises reasonable questions about the board, chief executive and earnings of Tempur Sealy, Stephanie Rogan of Reuters Breakingviews writes.
H Partners, an activist hedge fund, called for the ouster of Tempur Sealy's chief executive and board, claiming the mattress maker has suffered from years of mismanagement.
Carlyle, the Washington-based private equity giant, said that its quarterly economic net income — a measure of profit that includes unrealized gains or losses — declined 68 percent, to $180.5 million.
Junior bankers — some who graduated from college only last year — are being courted for lucrative positions at companies such as Bain Capital and the Carlyle Group.
Kohlberg Kravis Roberts said its economic net income — a profit measure that includes unrealized gains or losses — was $86.6 million, compared with $789.6 million in the period a year earlier.
Apollo Global Management's economic net income after taxes — a profit measure that includes unrealized investment gains or losses — declined nearly 80 percent in the fourth quarter.
Gary Loveman will be succeeded by Mark Frissora, the former chief executive of Hertz, who left the rental car company last year after pressure from activist investors.
"I have begged, literally begged" young financiers not to start their own firms "because they're going to destroy their careers," says Stephen A. Schwarzman.