DCC rejects £5bn takeover bid from KKR and Energy Capital
FTSE 100 energy group says bid ‘fundamentally undervalues’ its business Source link
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Apple’s new chief and China’s chilling move on Manus
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times Source link
European stocks and government bonds fall as oil price surges
Energy shock intensifies fears that global economy faces prolonged period of higher inflation Source link
Inflation hits 50% in Iran as war rattles economy
Consumers feel effects of conflict while many expect Strait of Hormuz stand-off to exacerbate stagnation Source link
UK’s Wycombe Abbey school forced to close China campus
Shutdown marks setback for international education groups looking to expand in China Source link
KKR explores $10bn sale of ex-Unilever spreads business
Private capital firm hires bankers to sell Flora Food Group after ditching targets to make its portfolio plant based Source link
Private equity’s tempest in a teapot
CVC and KKR are facing the prospect of extended ownership of food businesses they acquired from Unilever Source link
Bank of England in stand-off with FCA over trading firms’ capital
Rare dispute emerges after watchdog proposes to boost liquidity for groups such as Jane Street and Citadel Securities Source link
Oil surges past $125 as fears of prolonged supply disruption grow
Brent crude sets new conflict high as blockade of Strait of Hormuz continues Source link
Can the EU get kids off social media?
Also in this newsletter: European Commission trade chief turned down new department role for teaching post Source link