60 h. ago RSM pitches mergers as alternative to private equity for accounting firms

Partnership between US and UK groups designed to allow additional member groups to join

Economics

4 d. ago Bank should take concerns over private finance ‘very seriously’, says Bailey

The Governor of the central bank also confirmed that the Bank is planning to run a ‘stress test’ with private equity and credit firms.

Economics

4 d. ago Drivers would see annual bills rise by £100 if Chancellor allows 5p

The Road Haulage Association says the end of the 5p cut would trigger a £7.3billion jump in household living costs between now and 2029.

Economics

4 d. ago US army taps private equity groups to help fund $150bn revamp

Apollo, KKR, Carlyle and Cerberus among investors that held talks with federal government

Economics

1 week ago ‘The city that draws the line’: one Arizona community’s fight against a massive data center

Questions grow over water and energy costs of warehouse of computers in Sonoran desert – but will Project Blue be stopped?A company’s opaque plan to build a massive data center outside Tucson, Arizona has roiled the desert city over the past few months, the latest US community to push back as tech companies aggressively seek to build out infrastructure for cloud computing and to power the AI boom.The proposed data center, known as Project Blue, would span 290 acres in Pima county, and become the biggest development ever in the county, or anywhere in the southern part of the state. Continue reading...

Politics

1 week ago ‘The city that draws the line’: one Arizona community’s fight against a huge datacenter

Questions grow over water and energy costs of warehouse of computers in Sonoran desert – but will Project Blue be stopped?A company’s opaque plan to build a huge datacenter outside Tucson, Arizona has roiled the desert city over the past few months, the latest US community to push back as tech companies aggressively seek to build out infrastructure for cloud computing and to power the AI boom.The proposed datacenter, known as Project Blue, would span 290 acres in Pima county, and become the biggest development ever in the county, or anywhere in the southern part of the state. Continue reading...

Politics

1 week ago ‘We’re ripping ourselves to shreds’: with dance music bitterly divided, how far should cultural boycotts go?

Some artists and audiences are boycotting Boiler Room and other events over its parent company’s links with Israel – creating fierce debate about the best way to protest and how to remain uncompromisedThose attending Boiler Room’s two-day festival in London’s Burgess Park in August may have noticed a troubling message spray-painted on the site’s perimeter fence: “Boiler Room is owned by Israeli arms investors.” In nearby Brockwell Park, which hosted Field Day, Cross the Tracks and Mighty Hoopla – three festivals belonging to the same group as Boiler Room – graffiti depicted a bomb with the letters “KKR” emblazoned on it.In June 2024, the controversial private equity giant KKR acquired Superstruct Entertainment, the company that owns these four festivals and tens of others, many of which were the subjects of boycotts by artists this summer. That’s because KKR has considerable business interests in Israel, including investments in Axel Springer SE, a German media company that runs cla...

Culture

1 week ago Citi Hires Two London Bankers to Advise on Private Equity Exits

Citi Hires Two London Bankers to Advise on Private Equity Exits  Bloomberg.com

Economics

1 week ago Greenpeace threatens to sue crown estate for driving up cost of offshore wind

Environmental group accuses king’s property management company of ‘milking for profit’ its monopoly ownership of seabedGreenpeace is threatening to sue King Charles’s property management company, accusing it of exploiting its monopoly ownership of the seabed.The environmental lobby group alleges the crown estate has driven up costs for wind power developers and boosted its own profits, as well as the royal household’s income, due to the “aggressive” way it auctions seabed rights. Continue reading...

Events

1 week ago Willkie Boosts London Private Equity Offering With Kirkland Hire

Willkie Boosts London Private Equity Offering With Kirkland Hire  Law.com

Politics

2 w. ago Senator's letter to Big Ten presidents: Private equity 'unlikely to align' with academic goals

Washington Sen. Maria Cantwell sent a letter to Big Ten presidents, warning that a move into private equity could have negative consequences, including impacting the schools’ tax-exempt status

Politics

2 w. ago I'm not surprised 'graduate ghosting' is on the rise: I was ignored as a young job seeker too, says HARVEY DORSET

On a few occasions, even after attending an in-person interview, I was met with total silence and simply left to assume I hadn't got the job.

Politics

2 w. ago Banking shares rise after car loan scandal firms are handed a lower

FTSE 250 lender Close Brothers closed up 5.4% while Lloyds Banking Group gained 3.7% and Barclays rose 1.1%.

Economics

2 w. ago Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

2 w. ago Bank of England warns growing risk AI bubble could burst; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

2 w. ago Spot gold rises above $4,000 for the first time; car dealer Vertu Motors warns of £5.5m profit hit from JLR disruption – business live

Gold has doubled in two years and extends 50% rally so far this year amid central bank buying and political turmoilPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and the Abu Dhabi wealth fund, which completed in March.Har...

Economics

2 w. ago Reform treasurer's firm seeks millions in damages over investment 'fraud' after tech start

Candy Ventures Sarl (CVS) insists it has been the victim of a 'clear case of fraud', the High Court heard yesterday.

Economics

2 w. ago Council tax bills to rise for Scots after abolition of two child benefit cap by SNP Government

EXCLUSIVE: Up to 30,000 households could have their council tax bills recalculated because higher benefit payments will be treated as income.

Politics

2 w. ago Major energy firm to pay £2,000 to UK households as bills rise again

The Energy Support Fund is available for existing British Gas customers who are in energy debt or at risk of fuel poverty during the winter

Economics

2 w. ago Bain Capital says buyout firms must be more cautious as growth slows

US private equity group bucks industry trend of missed fundraising targets with conservative strategy

Economics