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London Stock Exchange to lose three more firms after takeover offers

Latest purchases take value of deals to leave capital’s stock market this year past $100bn

Three more London-listed companies are set to be taken over as the value of deals removing firms from the capital’s under-pressure stock market so far this year passes $100bn (£74bn).

On Tuesday, Bodycote, the FTSE 250 industrials group that has been listed on the London Stock Exchange since 1972, agreed a £1.84bn takeover by the US private equity group Veritas.

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© Photograph: Jack Taylor/Reuters

© Photograph: Jack Taylor/Reuters

© Photograph: Jack Taylor/Reuters

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Pet owners at risk of being ripped off by private equity firms as vet ownership rules change

Critics say changes by CMA will allow multinationals to obscure their ownership of vet practices

Pet owners have been warned that they could be unknowingly ripped off by private equity firms who have bought local vet clinics, after the Competition and Markets Authority (CMA) removed requirements for multinational companies to disclose which practices they own.

The CMA recently ran an investigation into the monopolisation of vet practices, and found that the lack of competition and transparency of ownership had led to high prices and a lack of information for customers. Pet owners were often unaware their local vet practice could be owned by an international private equity company.

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© Photograph: Yelena Shander/Getty Images

© Photograph: Yelena Shander/Getty Images

© Photograph: Yelena Shander/Getty Images

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Trump Administration Looks to Give a Swath of Yosemite Park to Developer

The proposed land swap would allow easy access to the crown jewel of the national park system. Democrats and former Park Service officials are incensed.

© Mike Kai Chen for The New York Times

Visitors walk through Yosemite Valley in Yosemite National Park.
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How a Private Equity Group Drove an Apartment Complex Into the Ground

After decades as a coveted address in Syracuse, N.Y., the sprawling Nob Hill complex descended into neglect, squalor and death. One family paid a terrible price.

© Liam Kennedy for The New York Times

Six months after the fire, Nob Hill’s Building 3 remains empty.
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