Altice International lowered its earnings outlook for the year as Patrick Drahi’s embattled telecommunications empire continued to see parts of the business deteriorate.
Veritas Capital is looking to reduce its stake in a private credit loan that financed Thoma Bravo’s buyout of Medallia Inc., according to people with knowledge of the matter.
St. James’s Place Plc is winding down three UK property funds managing a total of £1.84 billion ($2.3 billion), a year after halting client redemptions during a wider commercial real estate downturn.
Ingka Group, the largest Ikea retailer, saw a sharp decline in full-year profit after a round of price cuts and tough economic conditions weighed on the bottom line.