Financial Times - June 8



June 8 (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

Warburg-backed news group Reorg hires bankers for sale Link

Online car seller Cazoo warns over recession as it cuts hundreds of jobs Link

M&S executive team could earn £15mn this year if targets hit Link

Credit Suisse pushed for spyware sales at NSO despite US blacklisting Link

OVERVIEW

Reorg, the distressed debt and bankruptcy information provider backed by private equity firm Warburg Pincus, has hired advisers to explore a sale of all or part of the business that could value it at more than $1.5 billion, according to four people briefed about the matter.

Online used car seller Cazoo has become one of the first British businesses to warn over the threat of recession as it announced plans to slash hundreds of jobs to protect its cash in preparation for a downturn.

The top three executives at Marks and Spencer MKS.L could earn more than 15 million pounds ($18.87 million) between them for the current financial year if they hit targets and the retailer's share price recovers by 50 per cent.

Credit Suisse Group Ag CSGN.S pushed for NSO Group to keep selling its Pegasus spyware to new customers, just weeks after the US blacklisted the Israeli software firm saying authoritarian regimes had used its hacking tool to silence dissent.

($1 = 0.7951 pounds) (Compiled by Bengaluru newsroom)

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.