Financial Times Top Stories Unveiled: From Pension Insurances to Kevlar Bids
The Financial Times covers major stories such as Athora nearing the acquisition of the UK's Pension Insurance Corporation, a $2 billion race for DuPont's Kevlar assets, criticism by Bumble's CEO over staff reactions to London job cuts, and National Grid's response to Heathrow fire risk issues.
Athora, a European insurer backed by Apollo, is on the verge of gaining complete ownership of the UK's Pension Insurance Corporation, taking it from a mix of investors including CVC Capital and Reinet Investments. This move highlights significant shifts in the insurance and investment landscape.
Meanwhile, a contest heats up between private equity firms Advent International and Platinum Equity as they bid for $2 billion worth of DuPont's assets, notably the Kevlar brand. The chemical giant is in the midst of a comprehensive restructuring.
In another development, Bumble CEO Whitney Wolfe Herd has reprimanded her team for their reactions to upcoming job cuts in London, attributing it to a necessity due to changing market positions of dating apps. National Grid, however, has defended itself against accusations of prior knowledge of a fire risk at a substation near Heathrow.
(With inputs from agencies.)
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