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Plus, European start-ups look to challenge OpenAI and Disney runs into trouble on the cricket pitch

Expert known for bullish calls is latest executive from investment bank to join private capital group

Esken considers new funding deal for struggling Southend airport in exchange for giving up control

US private equity group’s chief executive Harvey Schwartz tells analysts ‘there is a lot of work to do’

Chief executive Harvey Schwartz lays out new financial benchmarks alongside better than expected results

Private equity group Quantum Capital will buy owner of natural gas power plants

Suppliers face bottlenecks in crucial US entry point for vehicles while repair bill estimates soar

Also in this newsletter: Russian diamonds are not forever, ‘grey gloom’ in the UK, reasons to be cheerful

Parts manufacturer suggests suppliers are being told to switch focus from EVs to hybrid models amid waning interest

Sharp deceleration in sales growth as mainstream buyers’ appetite proves weaker than expected