Occidental Petroleum in talks to sell OxyChem unit for at least $10bn
Deal would carve out one of the world’s largest standalone petrochemicals units
Economic news
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Baillie Gifford among fund managers at risk from pooling of local authority pension funds
Chancellor Rachel Reeves is on a mission to consolidate assets to lower costs and support investment
Free employee shares make a perk of collective ownership
Bosses hope giving staff a stake will boost morale and productivity by getting everyone invested in company success
Private equity’s rush to raise money raises fears of European sector shake-out
Lofty targets for 2026 may force investors to choose between buyout firms, leaving some short of new funds to invest
Private equity’s rush to raise money prompts fears of European sector shake-out
Lofty targets for 2026 may force investors to choose between buyout firms, leaving some short of new funds to invest
The resilient stock market may be keeping the economy out of a recession
Consumers with larger stock holdings are feeling fine, while those with smaller or no holdings are not.