Private Markets2nd October 2026
The London discount looked like the reason UK companies keep being bought. It was really the lender's underwriting policy, and that sets the ceiling regardless of where the shares trade.
Abir Ghosh Biswas7 min read
Markets2nd August 2026
The retail push looked like growth. It was really the industry building a capital base that does not depend on selling anything.
Abir Ghosh Biswas7 min read
Private Equity16th July 2026
EQT needed four bids to take Intertek private, and the sequence reveals less about price than about who now sets the value of a FTSE 100 company, and why London keeps losing profitable firms to private buyers.
Abir Ghosh Biswas6 min read
Markets19th June 2026
Boots looked like a deal story, but choosing a $10bn sale over a London float is really a verdict on the IPO: when a listing can't promise a price or a date, certainty wins.
Abir Ghosh Biswas6 min read
Markets27th April 2026
Goldman's near miss looked like good news. It was really a warning about everything else.
Abir Ghosh Biswas5 min read