Anousha Sakoui

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.

Saudi Arabia's Public Investment Fund is not currently in talks to buy a stake in DAZN, the sports-streaming group backed by billionaire Len Blavatnik, PIF said in a statement on Friday.

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.

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.

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.

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

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.

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.

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.

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.

Europe's biggest private equity firm, CVC Capital Partners, is working towards a long-awaited initial public offering in November, a person familiar with the matter told Reuters on Tuesday.