The private equity owners of Britain’s biggest pub operator have pumped £250m into the company to avoid defaults on its debt pile.
Chair Jay Powell says central bank ‘getting closer to the point’ of possible rate cut – ‘but we’re not quite there yet’
It’s a sign of the challenging times for London-listed investment companies that one of the best ways of making money in the sector over the next two years is to buy shares in a fund that is liquidating its assets and pulling down the shutters.
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