TK Elevator sale shows private equity’s elevator pitch still works
The only way is up for Cinven and Advent after their deal with Finnish lift maker Kone
Economic news
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WPP boss faces pay battle after opposition from proxy shareholder groups
Investors told to vote against proposed £11mn pay deal for chief executive Cindy Rose next week
Todd Boehly’s insurance empire
The billionaire investor’s insurer is the biggest user of an unusual investment structure being targeted by US regulators
Todd Boehly’s insurer wins reprieve on rules to close capital arbitrage
Billionaire investor’s Security Benefit had been the heaviest user of a structure being targeted by US regulators
Trump adrift: the president’s second term is at risk of foundering
There are signs that voters are losing faith as problems mount for his administration ahead of midterm elections
FirstFT: Yen surges amid reports that Tokyo intervened to support currency
Also in today’s newsletter: Israel deployed laser system to UAE, and China sales power Apple results