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Two more UK firms open the door to private equity takeovers in what would mean a £1bn blow to the City

UK-listed Ashtead Technology said it had received a £500m offer from US private equity firm Ember Infrastructure Management.

Two more UK firms open the door to private equity takeovers in what would mean a £1bn blow to the City

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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Fuel availability in the ARA is tight for prompt delivery dates, and buyers are recommended lead times of 5-7 days to secure supplies at competitive prices, a trader told ENGINE.

  • Northwest Europe fuel supplies tight, 5-7 day lead times recommended
  • September imports down to 297,000 b/d, down from August's 342,000 b/d
  • Mediterranean ports tight availability, 10-12 day lead times advised

Baltic Dry Index Ticks Down

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, edged down by 0.1% to 3,430 points on Wednesday, though remaining close to the highest since…

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