Private Equity Faces Pockets of Distress for Long-Held Assets

Private Equity Faces Pockets of Distress for Long-Held Assets

(Bloomberg) — Private equity firms’ strategy of shuffling assets to buy more time for investments to pan out is starting to show signs of weakness. Most Read from Bloomberg More than 100 so-called continuation funds were raised between 2019 and 2021 to move portfolio companies from one private equity vehicle to new ones backed by … Read more

US Homebuilders’ Sales Expectations Slip as Financing Costs Rise

US Homebuilders’ Sales Expectations Slip as Financing Costs Rise

(Bloomberg) — US homebuilders grew less upbeat this month about sales prospects as surging mortgage rates risk spooking buyers. Most Read from Bloomberg A gauge of the outlook for home purchases over the next six months dropped 6 points to 60, the first decline since June, according to data from National Association of Home Builders … Read more

Nearly 300 arrested in festive shoplifting crackdown

Nearly 300 arrested in festive shoplifting crackdown

Nearly 300 people were arrested for shoplifting and theft related-crimes in Greater Manchester in December, police have said. It comes as part of a force-wide crackdown on anti-social behaviour. The force said increased footfall in shopping centres, stores, markets, and businesses for Christmas saw 296 arrests that resulted in 221 charges across the region. GMP … Read more

Gary Neville disagrees with Jamie Carragher as Alejandro Garnacho Man Utd transfer gets green light

Gary Neville disagrees with Jamie Carragher as Alejandro Garnacho Man Utd transfer gets green light

-Credit:2024 Getty Images The regular Stick to Football panel has reconvened to discuss a whirlwind week in English football – with Alejandro Garncho’s future at Manchester United a hot topic. In their first sit-down of the year, United legends Roy Keane and Gary Neville and former Liverpool defender Jamie Carragher discussed Garnacho’s situation. The winger … Read more

Manchester council denies ‘cuts budget’ as it eyes ‘£18m efficiency savings’

Manchester council denies ‘cuts budget’ as it eyes ‘£18m efficiency savings’

Bosses at Manchester Council have denied they want to impose a ‘cuts budget’ they eye £18m of ‘efficiency savings’. The authority is facing a tall order to pass a balanced budget, where spending matches income, which is required by law. This year, it ‘overspent’ on adult social care, children’s social care, and homelessness services to … Read more