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 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 ApolloAPO.N , 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 DuPontDD.N, 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)
((globalnewsmonitoring@thomsonreuters.com))
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