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The AA said its performance in the first half of its financial year had been hit by a combination of an erratic workload and an inherently fixed cost base. Photograph: Phil Noble/Reuters

Roadside recovery and motor insurance company AA has fired executive chairman Bob Mackenzie for gross misconduct and lowered its full-year forecasts, (...)

Brexit may encourage overseas companies looking for a European base to choose Ireland over the UK

News that Italy’s Ray-Ban maker Luxottica and French lens-producer Essilor are to effect a €46 billion (€43bn) merger in one of Europe’s largest cros(...)

Hugo Boss has been hit by a slowdown in luxury spending, particularly in China

German fashion house Hugo Boss is closing outlets in China and will review its global store network as it tries to revive its fortunes following the d(...)

Private-equity firm Permira Advisers is exploring the sale of its Galway-based medical technology company Creganna Medical in a deal that could fetch (...)

Investment vehicle Red & Black, 60 per cent-owned by Permira, placed about 8.4 million Hugo Boss shares, or a stake of 11.9 per cent, at €113 a share. Photograph: Thomas Niedermueller/EPA

Investors including private equity firm Permira have sold off their holding in Hugo Boss for about €950 million, leaving Italy’s Marzotto family as t(...)

“Unless a private equity white knight comes riding over the hill, it could end up being a case of as you were [for Ulster Bank]. At least until 2016.” Photograph: Frank Miller

We now know that whatever comes of Royal Bank of Scotland’s strategic review of Ulster Bank, it won’t involve KBC Bank Ireland. At least not until (...)

AA said it would offer up to 554 million new and existing shares at 250 pence per share

Roadside rescue company the AA said on Friday that it would issue £210 million of new shares in an accelerated initial public offering, valuing the c(...)

German fashion house Hugo Boss says its revenue is set to increase by “high single-digit” percentages. Photograph: Sebastian Kahnert / EPA

Hugo Boss, the German luxury-clothing maker, forecast accelerated sales growth and rising earnings for this year as the company adds stores to (...)

KKR and Permira will have about 33 per cent of ProSiebenSat.1 Media’s share capital after the sale of 25 million shares in the German broadcaster.

KKR and Permira Advisers are selling 25 million shares in ProSiebenSat.1 Media, a stake valued at more than €760 million. The stock fell as much as 8(...)

SVG Capital chief executive officer Lynn Fordham has been overhauling the investment firm after it was forced to cut its commitment in Permira’s latest fund by half during the financial crisis.

SVG Capital Plc, the biggest backer of private-equity firm Permira Advisers LLP, agreed to sell SVG Investment Managers as it posted 23 per cent incre(...)