Lyft pays $10mn to settle probe into Carl Icahn’s stake sale ahead of IPO
Securities and Exchange Commission faults ride-hailing app for failing to disclose role of director in dealFinancial & markets regulation
Big Mamma group sells majority stake to private equity
Deal with McWin values French-owned Italian restaurant company at €270mnTravel & leisure industry
UK regulator finds no evidence of politicians being ‘debanked’ over views
Financial Conduct Authority preparing to release report commissioned after Nigel Farage rowFinancial & markets regulation
Private equity consolidation: mega manager may go the way of Big Tech
Dearth of M&A and IPOs have kept managers from returning cash to their limited partnersMergers & Acquisitions
S4 Capital: Sorrell’s tech fervour has its limits
Depressed share price means acquiring more growth is no longer an optionAdvertising
Martin Sorrell’s S4 Capital plummets after warning of falling revenues
Advertising group cites difficult economic conditions and says clients are very cautiousAdvertising
SoftBank/OpenAI: next bet on AI unlikely to be more successful than the last
Chief’s key portfolio returns have been heavily reliant on consumer internet companies, not artificial intelligenceArtificial intelligence
UK car industry calls for tax incentives to help switch to EVs
Carmakers plea comes as they warn of weakening demand for battery models from private buyersElectric vehicles
Pendragon to sell UK car dealerships to US group Lithia in £280mn deal
Automotive retailer to focus on software following sale of showroomsMergers & Acquisitions
The Future of Banking
Just as banks are seeking more deals with fintechs, those partnerships are coming under greater scrutiny from regulators who worry that such tie-ups could open the banks and the US banking system to bad actorsFintech