16 h. 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

62 h. 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

4 d. 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

4 d. 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

4 d. 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

4 d. 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

4 d. 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

4 d. 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

1 week ago TPG and Blackstone offered $16bn to take health group Hologic private

US-listed company turned down approach from private equity giants

Economics

1 week ago Wall Street vs private equity: can anyone stop the grad recruitment creep?

Graduates, banks and private equity firms are locked in a tussle for talent that inflicts pain all round

Politics

2 w. ago Poundland issues update on sale of the business 'as 200 stores could close'

The latest reports on Poundland suggest a number of investment firms and private equity groups are interested in buying the business

Economics

2 w. ago Trump considers order to open US retirement plans to private equity

Move would pave the way for savers to access funds focused on corporate buyouts and other high-octane deals

Politics

2 w. ago China and Russia make pact to build nuclear power station on the moon

The lunar power station could be completed by the two superpowers in just over a decade, and comes in the wake of US plan's to pull back a number of the space exploration plan's

Events

3 w. ago Mighty Hoopla issues statement amid KKR 'unethical investments' controversy

Mighty Hoopla has released a strongly-worded statement on its ownership amid criticism of parent company investments in Israel.

Politics

3 w. ago NHS landlord Assura attracts new offer from PHP as bidding war heats up

PHP’s offer outbids the £1.61 billion takeover price offered by US private equity giants Kohlberg Kravis Roberts and Stonepeak Partners.

Events

3 w. ago Britain's richest plumber Charlie Mullins blasts new American owners of his former firm after they axed popular apprenticeship scheme

Mr Mullins has since revealed he regrets handing over the reigns of the company to the US private equity firm and has offered to fund a legal case by the 16 apprentices who are losing their jobs.

Politics

4 w. ago Funds for wealthy investors snap up expensive private equity stakes

Demand from retail funds has allowed big institutions to sell buyout stakes at attractive prices despite industry slump

Economics

4 w. ago 150 newly planted trees ‘deliberately pulled up’ in ‘senseless act’

The City Of Trees charity had planted saplings, including oak and hawthorn, on council owned green land

Politics

4 w. ago US considers special status for Greenland amid Trump push for control

Officials float idea of compact of free association (Cofa), used by US to keep close ties with Pacific Island nationsUS officials are discussing a plan to pull Greenland into America’s sphere of influence using a type of agreement that the United States has used to keep close ties with several Pacific Island nations, according to two US officials and another person familiar with the discussions.Under the plan being considered, the Trump administration would propose to Greenland’s leaders that the island enter into a so-called compact of free association, or Cofa, with the United States. Continue reading...

Politics