July 3 (Reuters) - The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
Headlines
- Apollo-backed Athora nearing takeover of UK's Pension
Insurance Corporation
- Armour maker Kevlar targeted in $2 billion private equity
race for DuPont ( DD ) assets
- Bumble chief criticises staff for 'freaking out' over
London job cuts
- National Grid bosses claim they were not told of fire risk
defect at Heathrow site
Overview
- Athora, a European-based insurer minority owned by
Apollo , is close to acquiring full ownership of UK
retirement savings group Pension Insurance Corporation from a
consortium of investors, including CVC Capital and Reinet
Investments, a vehicle backed by South African billionaire
Johann Rupert.
- Private equity groups Advent International and Platinum Equity
are vying to buy $2 billion worth of assets, including the
Kevlar bulletproof brand, from DuPont ( DD ), as the chemicals
giant undergoes a wider break-up.
- Bumble chief executive Whitney Wolfe Herd has criticised staff
for "freaking out" after announcing the company would eliminate
more than 160 roles in London, warning drastic cost-cutting
measures were needed as "dating apps are feeling like a thing of
the past".
- National Grid has insisted its management teams were "not made
aware" of problems at a London electricity substation years
before a fire in March that led to the closure of Heathrow
airport for 24 hours.
(Compiled by Bengaluru newsroom)