French billionaire Patrick Drahi buys a £2bn stake in BT

French billionaire buys Patrick Drahi £2bn BT stake: Now ‘king of cost-cutting’ is the telecom giant’s biggest shareholder By Tom Witherow For The Daily Mail Published: 22:16 BST, 10 June 2021 | Updated: 22:28 BST, 10 June 2021 Hammering down costs: Patrick Drahi (centre) celebrates his firm Altice’s New York flotation. He has now  bought … Read more

Sotheby’s owner Patrick Drahi becomes biggest BT investor with 12% stake 

Moroccan-born billionaire Patrick Drahi’s cost-cutting measures have not always gone down brilliantly with the company’s he took over. In 2017 Mr Drahi’s personal fortune took a nosedive when he took on dozens of telecoms companies in a short period of time. Altice had a debt burden of £43billion which made it vulnerable and caused investors … Read more

UK private equity giant CVC to take stake in professional tennis firm

UK private equity giant CVC set to take a stake in new tennis business that will combine men’s and women’s pro tours By Daily Mail City & Finance Reporter Published: 21:51 BST, 7 June 2021 | Updated: 21:51 BST, 7 June 2021 The UK’s biggest private equity company is preparing to take a stake in … Read more

Government to sell down 5% more of its NatWest stake

Government to sell down 5% more of its NatWest stake: Bank moves a step closer to reprivatisation following £45.5bn bailout By Lucy White For The Daily Mail Published: 21:50 BST, 10 May 2021 | Updated: 22:01 BST, 10 May 2021 Natwest has moved a step closer to reprivatisation after the Government announced plans to sell … Read more

Fund giant Ruffer slashes Bitcoin stake after Elon Musk tweets

Fund giant slashes Bitcoin stake after Elon Musk tweets trigger a frenzy: Ruffer cashes in on price surge with huge sale – so is bubble set to burst? By Emma Dunkley, Financial Mail On Sunday Published: 21:50 BST, 1 May 2021 | Updated: 21:50 BST, 1 May 2021 Fund manager Ruffer has sold the majority … Read more

Hunter Biden still owns a stake in a Chinese company – despite promising to divest

Hunter Biden STILL owns stake in Chinese firm 100 days into his father’s presidency despite dad’s vow that NONE of his family would have foreign business interests Joe Biden pledged neither he nor his family would have foreign business tiesThe president in October vowed that there would be no international dealings Yet his son Hunter, 50, … Read more

JC Flowers and Bain Capital Credit take stake in the Co-operative Bank

US private equity giants JC Flowers and Bain Capital become major shareholders in the Co-operative Bank By Daily Mail City & Finance Reporter Published: 22:01 BST, 28 April 2021 | Updated: 22:01 BST, 28 April 2021 US private equity giants JC Flowers and Bain Capital Credit have become shareholders in the Co-operative Bank Two US private … Read more

Owner of Missguided preparing to sell stake in company

Owner of online fashion phenomenon Missguided preparing to sell stake in company for first time By Neil Craven, Financial Mail on Sunday Published: 21:51 BST, 24 April 2021 | Updated: 21:51 BST, 24 April 2021 The owner of online fashion phenomenon Missguided is preparing to sell a stake in the company for the first time, … Read more

Pension Bee founder’s stake set to be worth £135m when app lists

Pension Bee founder’s stake set to be worth £135m when savings app lists on the stock market next month By Lucy White For The Daily Mail Published: 22:14 BST, 30 March 2021 | Updated: 22:14 BST, 30 March 2021 The founder of Pension Bee will be sitting on shares worth £135million when her company lists … Read more

Private equity giant CVC scores £365m stake in rugby’s Six Nations

Private equity giant CVC scores £365m deal to take a 14% stake in rugby’s Six Nations By Daily Mail City & Finance Reporter Published: 22:03 GMT, 11 March 2021 | Updated: 22:03 GMT, 11 March 2021 Private equity giant CVC has struck a deal to take a stake in the Six Nations.  The 14 per … Read more