10 h. ago Chinese economy slows as Trump tariffs bite; FTSE 100 on track to hit new record

Rolling coverage of the latest economic and financial newsThe owner of Kingsmill has agreed to buy its rival bakery business Hovis, in a deal that could make the biggest bread brand in the country if it gets the green light from regulators.Associated British Foods, a FTSE 100 company which also owns the retailer Primark, has agreed to buy Hovis from the private equity firm Endless.This transaction will create a UK bakeries business that is both profitable and sustainable over the long term. Supporting the Hovis and Kingsmill brands with well-invested and efficient operations will also enable innovation and growth. This solution will create value for shareholders, provide greater choice for consumers and increase efficiencies for customers.Firms may be running on existing capacity rather than building new plants The July industrial value-add breakdown tells a more nuanced story than the weak fixed asset investment headline. Continue reading...

Politics

13 h. ago Evelyn Partners to target NatWest and RBC as potential buyers

One of UK’s largest wealth managers put up for sale by its private equity owners

Events

26 h. ago Private equity funds trading in London hint at hidden 401(k) risks, says study co

Private equity funds trading in London hint at hidden 401(k) risks, says study co-authored by Richard Ennis  Pensions & Investments

Economics

26 h. ago British Gas owner buys £1.5bn gas terminal in big bet on fossil fuel reliance

Deal for Europe’s biggest facility for LNG imports comes as overall UK gas demand fell sharply last yearThe owner of British Gas has placed a £1.5bn bet on the UK’s future reliance on fossil fuel imports after striking a deal to buy Europe’s biggest gas import terminal.Centrica plans to partner with a US private equity firm to acquire the Isle of Grain terminal in Kent, which can import 15m tonnes of liquefied natural gas a year, even after Britain’s gas demand fell last year to its lowest level since the early 1990s. Continue reading...

Economics

29 h. ago Private Equity Funds Traded in London Hint at Hidden 401(k) Risk

Private Equity Funds Traded in London Hint at Hidden 401(k) Risk  Bloomberg.com

Economics

7 d. ago Business news live: Rachel Reeves in savings tax crackdown, mortgage lender launches new 3.8% offer

Stock market news and latest business and finance updates from Friday

Economics

7 d. ago Business news live: Rachel Reeves in savings tax crackdown and mortgage lender launches new 3.8% offer

Stock market news and latest business and finance updates from Friday

Economics

7 d. ago Rachel Reeves gives green light for tax crackdown on savings accounts

Banks will pass details to HMRC before tax is withdrawn straight from paypackets for some people

Economics

7 d. ago Morning Coffee: Lawyer on $850k spends $21k a month, feels poor. Private equity pay in London

Morning Coffee: Lawyer on $850k spends $21k a month, feels poor. Private equity pay in London  eFinancialCareers

Economics

7 d. ago Business news live: Rachel Reeves in savings tax crackdown and global stock markets fall

Stock market news and latest business and finance updates from Friday

Economics

7 d. ago This Private Equity Auction Is an Indictment of London’s Market

This Private Equity Auction Is an Indictment of London’s Market  Bloomberg.com

Economics

7 d. ago Trump opens the door for private equity and crypto as 401(k) retirement plan options

Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments

Politics

8 d. ago Top UK private equity earners dwindle ahead of Reeves crackdown

Changes to non-dom regime and carried interest tax rules squeeze London buyout sector

Politics

8 d. ago Top UK private equity earners dwindle ahead of tax crackdown

Changes to non-dom regime and carried interest tax rules have squeezed London buyout sector

Economics

1 week ago Major supermarket cuts another 3,600 jobs as it slashes staff costs

Morrisons slashed more than 3,600 jobs last year as the embattled retailer turned a profit for the first time since its 2021 private equity takeover.

Economics

1 week ago Spectris agrees £4.8bn takeover offer as KKR outbids private equity rival

Private equity giant KKR has trumped rival Advent's takeover bid for British scientific instruments maker Spectris with an improved offer.

Economics

1 week ago Labour grandee Alan Milburn urged to step aside from advising private equity sharks who swooped on NHS dentists as millions struggle for appointments

Labour grandee Alan Milburn has faced calls to resign from his role advising private equity predators who have bought the biggest chain of NHS dentists.

Economics

1 week ago ‘Everybody’s starved of affection’: Past Lives director Celine Song on the brutal dating scene and her realistic new romcom

The writer-director’s debut film earned critical acclaim and Oscar nods for its portrayal of loves lost and rekindled. Her follow-up stars Dakota Johnson, Pedro Pascal and Chris Evans in a romance about dating across the class divide‘Our financial literacy is so fucked,” says Celine Song. We’re having breakfast in Manhattan on a sunny Saturday in early July, a few weeks after her new film, Materialists, has opened in New York City. She’s wearing a charmingly ironic outfit: a T-shirt that says “HOWDY” and a baseball cap that says “Big” (she’s petite, 5ft 4in, for the record) – but she speaks with almost disarming earnestness.She’s frustrated, she tells me, that people have described one of the characters in her film, a private equity manager with a $12m apartment, as a “billionaire”. “If you’re a billionaire, your big apartment is not $12m!” she exclaims. “The average income of an American adult is $35,000. What that means is half of America makes less than $35,000. Three times that ...

Culture

4 w. ago Down in one: how private equity swallowed the BrewDog Unicorn

Thanks for all the money, Punks

Politics

last month How a British private equity firm became a $100bn tech success

Hg spent two decades taking Visma to the brink of London’s biggest tech IPO in years. Can it repeat the trick with bigger, newer funds?

Economics