13 h. ago Lotus reverses plan to pull out of UK after government offers fresh support

Business secretary Jonathan Reynolds to speak to sports-car maker after ‘everyone just panicked’

Politics

21 h. ago An entire village in Dorset is facing eviction – proof that private money holds all the power in rural England | George Monbiot

This scandalous story gives lie to the claim that the biggest threat to country life comes from city dwellersPower hides by setting us against each other. This is never more true than in the countryside, where the impacts of an extreme concentration of ownership and control are blamed on those who have nothing to do with it. Rural people are endlessly instructed that they’re oppressed not by the lords of the land, but by vicious and ignorant townies – the “urban jackboot” as the Countryside Alliance used to call it – stamping on their traditions.Near Bridport in Dorset right now, an entire village is facing eviction, following the sale of the Bridehead Estate for about £30m. The official new owner, Bridehead Estate Ltd, is registered to the same address, with the same officers, as a company called Belport. The Telegraph reports that the estate “was bought by Belport, a private equity firm, on behalf of a wealthy client last autumn”, but no one knows who the client is. So far I’ve re...

Economics

2 w. ago UK’s Metro Bank attracts takeover interest from private equity

UK’s Metro Bank attracts takeover interest from private equity  Financial Times

Economics

2 w. ago Apollo delays hiring junior bankers after pressure from Dimon

Private equity group’s boss Marc Rowan said he felt ‘compelled to agree’ with recent criticism

Events

2 w. ago Apollo delays hiring junior bankers after pressure from Jamie Dimon

Private equity group’s boss Marc Rowan said he felt ‘compelled to agree’ with recent criticism

Events

2 w. ago US private equity giant KKR outbids rival with £1.7bn offer for Assura

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

2 w. ago US private equity giant KKR wins takeover battle for Assura in £1.7bn deal

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

3 w. ago Private equity firms overhaul exit strategies as IPO market slams shut

Executives prioritising break-ups or continuation funds as trade war kills off potential floats

Economics

3 w. ago Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

The Tide detergent and Pampers maker plans global restructuring as US consumers pull back and trade costs riseProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, in the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy. The job cuts, announced at the Deutsche Bank consumer conference in Paris on Thursday, make up about 15% of its current non-manufacturing workforce, said chief financial officer Andre Schulten. “This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.” Procter & Gamble, based in Cincinnati, had approximately 108,000 employees worldwide in June 2024. The cuts are part of a broader restructuring program. Procter & Gamble will also end ...

Economics

3 w. ago Thames Water nationalisation ‘not the answer’ says minister after private equity rescue fails

Future of Britain’s biggest water supplier in question as investor pulls out of turnaround plan

Events

3 w. ago KKR cites political risk in withdrawal from Thames Water rescue deal

US private equity firm’s decision throws future of Britain’s largest water utility into doubt

Events

3 w. ago Thames Water rescue takeover collapses after private equity firm KKR drops out

The troubled utility is taking forward talks with ‘certain senior creditors’ on an alternative plan to recapitalise the business.

Events

3 w. ago US private equity firm KKR drops bid to buy troubled British utility Thames Water

British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company

Economics

3 w. ago New York private equity giant KKR pulls out of Thames Water rescue

Thames Water boss says he is “disappointed” by KKR’s decision

Events

3 w. ago Private equity giant KKR pulls out of plans to invest in Thames Water

The utility said it would take forward discussions with ‘certain senior creditors’ on an alternative plan to stabilise its finances.

Economics