Anousha Sakoui

Citigroup has warned UK-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping reorganisation, according to a memo seen by Reuters on Friday, a move that could affect hundreds of jobs in the country.

Private equity firm CVC has postponed plans for a European initial public offering (IPO) this year, a person with direct knowledge of the plans said on Wednesday.

French buyout group PAI Partners said it had raised 7.1 billion euros ($7.59 billion) for its latest fund, surpassing its target despite difficulties in drawing new money by private equity groups.

The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding.

Pantelis "Linos" Lekkas, a veteran Citi dealmaker, is to retire from the bank, a Citi spokesperson confirmed on Thursday.

Britain's FTSE Smallcap index could cease to exist by 2028, Peel Hunt head of research Charles Hall estimated in a note on Wednesday, if the pace of takeovers in London's stock market continues alongside a dearth of initial public offerings.

BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.

Bank of America has named Eamon Brabazon co-head of global mergers and acquisitions, alongside Ivan Farman, according to an internal email seen by Reuters.

A group of Thames Water creditors have proposed an alternative liquidity package of up to 3 billion pounds ($3.89 billion) to give the British utility more time to seek a restructuring of its debt, according to sources with knowledge of the matter.

BP has a market capitalization of about $85.6 billion, less than half of rival Shell's value.