Latest News on private equity markets

Inter IKEA Group, owner of the IKEA furniture brand, appointed on Tuesday Jon Abrahamsson Ring as new Chief Executive from Sept. 1.

Delivery Hero expects its Europe business to remain break-even during 2020 after hitting this mark, as forecast, in the fourth-quarter of 2019, the German food delivery group said on Tuesday.

Daimler cut its dividend to 0.90 euros ($0.9818) a share after 2019 earnings more than halved, weighed down by restructuring and charges in what amounts to the third profit warning for new CEO Ola Kaellenius.

Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China.

A Chinese media company said it will lay off 500 employees due to the coronavirus outbreak, the latest among a string of firms to do so in the past two weeks as the epidemic takes a toll on small-to-medium sized businesses.

For some entrepreneurs online reselling starts as a hobby or a closet clearing project. Then it becomes a side hustle or a full-time profession.

Forbes | Oluwaseun Adeyanju | Feb 10, 2020 African startups raised a record $1.34 billion in venture capital in 2019, up from just under $200 million in 2015, according to WeeTracker, a media firm focused on the African entrepreneurship space. That’s about a 46.3% increase on a compound annual growth rate (CAGR) basis. WeeTracker estimates

Singapore kicked off Asia's largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all eyes were on a sensitive fly-off between U.S. and Chinese fighters.

GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health , a day after the London-listed healthcare group revealed approaches from two private equity groups.

Lloyd's of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to "drive long-term culture change" in the world's oldest insurance market.

European travel company TUI said strong demand for holidays would help offset the impact of the grounding of the Boeing 737 MAX aircraft on its annual profit, enabling it to lift the bottom end of annual earnings guidance.

Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs.

Mercedes-Benz has re-started production of luxury passenger cars in Beijing this week, Ola Kaellenius, Chief Executive of parent company Daimler , said on Tuesday.

China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country.

British retailer Marks and Spencer said on Tuesday it had appointed Eoin Tonge as its new chief financial officer, taking over from interim CFO David Surdeau in June.