JPMorgan announced a reshuffle of its investment‑bank leadership, installing three new co‑heads and a global M&A chief as part of a broader re‑organisation. At the same time, private‑credit manager Blue Owl saw retail inflows to its flagship fund evaporate, highlighting mounting pressure on the firm amid lingering doubts over the sector. The shift follows senior departures, to boost deal vigor.

London’s most watched takeover pits buyout group EQT against FTSE 100 testing firm Intertek in a £10.6 billion battle. EQT, advised by Morgan Stanley’s Anthony Zammit and Hugh Moran, has pressed a final £60‑per‑share offer, while Intertek relies on defenders from Goldman Sachs, Rothschild and JPMorgan. Shareholders such as Palliser Capital and activist Nelson Peltz’s son are urging a board concession.

If Intertek yields, the London Stock Exchange would lose another domestic PLC, echoing last year’s Spectris deal that delivered a 100 % premium after Goldman and Rothschild advice. The episode underscores a broader shift: activist investors like the Peltz family and Bill Ackman are increasingly steering targets toward full take‑privates rather than modest board changes. The result may shape pricing for future UK privatizations.