PRESS DIGEST-Financial Times – June 8
Here are the top stories from the Financial Times. Reuters has not verified these stories and does not guarantee their accuracy. Securities
Warburg-backed media group Reorg hires bankers for sale https://on.ft.com/3xphtZD Online car seller Cazoo warns of recession as it cuts hundreds of jobs
M&S management team could make £15million this year if targets are met
OVERVIEW Reorg, the distressed debt and bankruptcy information provider backed by private equity firm Warburg Pincus, has hired advisers to explore a sale of all or part of the business that could value it at more than $1.5 billion, according to four people briefed on the matter. .
Online used-car seller Cazoo has become one of the first UK companies to warn of the threat of recession by announcing plans to cut hundreds of jobs to protect its money ahead of a downturn. Marks and Spencer’s top three executives could earn more than 15 million pounds ($18.87 million) between them for the current financial year if they hit their targets and the retailer’s share price recovers by 50%.
Credit Suisse Group Ag has been pushing for NSO Group to continue selling its Pegasus spyware to new customers, just weeks after the US blacklisted the Israeli software company, claiming authoritarian regimes had used it. its hacking tool to silence dissent. ($1 = 0.7951 pounds) (Compiled by Bengaluru Newsroom)
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