HSBC's private equity arm has made a healthy return on its £112m (€181m) trade sale of Auto Windscreens, the windscreen replacement specialists, to Lex Services.

The private equity firm bought Auto Windscreens in August 1998 for £64.8m in cash and assumed £12.4m of debt, according to the Regulatory News Service.

HSBC exits Auto Windscreens with healthy return

Nicholas Lockley

HSBC

UBS promotes Hannon to UK M&A head as shake-up continues

UBS launches European strategy dealmaking group, shakes up country heads

Goldman Sachs names new ECM leadership in Europe after departures

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Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

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CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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