John Lewis boss takes 20 per cent pay rise as retailer cuts jobs April 9, 2026 The new chairman of John Lewis took a pay rise and bonus despite the retailer cutting thousands of jobs. Jason Tarry saw his basic pay rate increase by 21 per cent and took a two per cent bonus, despite his firm slashing more than 3,000 jobs last year. Tarry took the reins of the John [...]
Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield Complete the Acquisition of Air Lease Corporation April 8, 2026 Sumitomo Corporation, SMBC Aviation Capital, Apollo-managed funds (“Apollo”) and Brookfield today announced that they have completed the previously announced acquisition of Air Lease Corporation (“Air Lease”) and have renamed the business Sumisho Air Lease Corporation (“Sumisho Air Lease”). This transformational transaction improves the financial position of the business with long term support and aviation expertise [...]
Degreed Named a Strategic Leader in the 2026 Fosway 9-Grid™ for Learning Systems Amid Recent AI Innovation Announcements April 8, 2026 Degreed, the leading enterprise learning system for workforce transformation, was named a Strategic Leader in the 2026 Fosway 9-Grid™ for Learning Systems for the fourth year in a row. The recognition comes as the company announced additional milestones, reinforcing its strategic focus on artificial intelligence and its commitment to enabling continuous transformation for businesses. Fosway [...]
Blackline Safety Enters into Definitive Agreement to be Acquired by Francisco Partners for up to $850 Million April 8, 2026 Shareholders to Receive $9.00 Cash Per Share Plus a Contingent Value Right of up to $0.50 Per Share $9.00 Cash Consideration per Share and up to $9.50 Total Consideration per Share represents a 28% and 35% premium to the 20-day VWAP of Blackline’s Shares on the TSX as of April 7, 2026 The cash-plus-CVR structure provides immediate value and liquidity for Shareholders while preserving the opportunity to potentially receive an additional cash payment if the Company achieves its near-term ARR target Voting support agreements have been entered into by certain shareholders, as well as Blackline’s directors and senior officers, representing approximately 34% of the outstanding Shares, including irrevocable voting support agreements from several of the Company’s largest shareholders representing approximately 30% of the outstanding Shares Blackline’s largest shareholder, DAK Capital Inc., owned by Daryl Katz, has agreed to exchange all of its Shares for shares of the Purchaser Board unanimously recommends Shareholders vote in favour of the Transaction
Energy bills threat recedes but retail and hospitality remain on brink April 8, 2026 Retail and hospitality leaders are optimistic that the Iran-US ceasefire could spare them from the worst energy bill shocks, but are urging the government to address an array of other cost pressures. British businesses had warned that the soaring energy prices caused by the war in the Middle East could be devastating if the conflict [...]
Son of world’s richest banker challenged US law firm over $35m legal bill April 8, 2026 Alberto Safra survived a bitter fight over his father’s $23bn fortune. Then the legal bill arrived, all $35m (£26m) of it. Safra, son of Brazilian billionaire Joseph Safra, now deceased, was billed over $35m for less than two years of work over a ‘bitter multibillion-dollar estate feud’ and one of the largest inheritance battles in [...]
Blue Owl Capital outlook cut to negative amid private credit woes April 8, 2026 The outlook on Blue Owl Capital’s flagship fund has been downgraded to negative by a leading ratings firm in the latest blow to the industry as it continues to be plagued by investors pulling money from funds. Moody’s Ratings changed its outlook from stable to negative after “significantly higher-than-peer redemption requests in the first financial [...]
‘I fired the board that fired me’: TGI Fridays boss on restaurant turnaround April 8, 2026 TGI Fridays had its heyday in the 1980s but slumped into administration last year. Its new boss Ray Blanchette tells Felix Armstrong the nostalgic chain can win back Britain after a period in turmoil. “I land at Heathrow and jump in a cab. The plane got in late,” says Ray Blanchette, recalling the day he [...]
National insurance and business rate hikes double fault for Queen’s Club profits April 8, 2026 Business rate hikes and increases to employer national insurance have seen profits at Queen’s Club slump by nearly 20 per cent. Hosts of the HSBC Championships – dubbed the precursor to Wimbledon – saw profits before tax fall by 17.2 per cent to £1.96m, down from £2.37m the previous year, on increased revenues of £15.5m. [...]
Jeito Capital Hits Record $1.2 Billion (€1 Billion)1 Close for Jeito II Fund to Drive Breakthrough Therapeutic Innovation for Patients April 8, 2026 This record closing is the largest raise ever achieved by a fully independent European fund dedicated to Biopharma, validating Jeito’s patient-driven investment strategy, its multidisciplinary, collaborative expertise spanning from science to commercialization of medicines, and value creation In five years, Jeito Capital has tripled its assets under management to €1.6 billion, firmly establishing itself among the top-tier global Biopharma investors Jeito II will build on Jeito I’s proven and differentiated strategy, investing in the most promising clinical Biopharma companies which address unmet patient needs and severe diseases, accelerate breakthrough therapeutic innovation, and deliver transformative benefits for patients This fundraise represents significant momentum for European Biopharma, strengthening its financial firepower and expertise to develop the next generation of global champions