Pirate Capital, the $1.7bn (€1.4bn) activist hedge fund, is one of two funds to criticise US power company Mirant's pursuit of rival NRG Energy.

In a letter to Edward Muller, chief executive of Mirant, Pirate founder and portfolio manager Thomas Hudson said his firm is concerned by Mirant's efforts to take over NRG.

Jennifer McCandless in New York

NRG Energy

JP Morgan

Goldman Sachs

AIM’s boozy birthday and identity crises: June’s diary

Jes Staley loses bid to overturn City ban over Epstein ties

‘I’m riddled with anxiety about it’: Working dads face tough choices about paternity leave

Senior GIC private equity lawyer joins Dechert in London

https://images.fnlondon.com/im-14432569?size=1.5

US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

https://images.fnlondon.com/im-30083951?size=1.21

Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

https://images.fnlondon.com/im-84247389?size=0.8

Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Financial services companies like BNY and JPMorgan say AI’s capabilities are taking more and more cues from the way humans work.

Central bankers have conceded that they underestimated the impact of interruptions to supply on prices, having been more used to focusing on demand surges as a source of inflation.

ECB’s New Strategy Emphasizes ‘Forceful’ Responses to Inflation Shifts

The S&P 500 has now added more than 9% since President Trump announced sweeping tariffs.

From Tariff Pain to Record Highs, a Wild Quarter on Wall Street

The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

Goldman Sachs Scraps Plans to Build Hotel Brand in Greece

Blockbuster tie-ups continued in the second quarter in industries relatively insulated from tariffs.

By Ben Glickman, Miriam Gottfried and Corrie Driebusch

Wall Street Hangs On to Hopes for a Boom in Deals

Sixth Street’s Alan Waxman thinks his publicly traded rivals are turning private credit into a commoditized, lower-returning business.

By Miriam Gottfried | Photographs by Jason Henry for WSJ 

A Pioneer in Private Credit Warns the Industry Is Ruining Its Golden Era

Carney and Trump will try to reach an agreement by July 21, a Canadian spokeswoman said.

By Vipal Monga in Toronto and Paul Vieira in Ottawa 

Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Mirant hit by activist hedge funds

Financial News

Digital Workers Have Arrived in Banking

ECB’s New Strategy Emphasizes ‘Forceful’ Responses to Inflation Shifts

From Tariff Pain to Record Highs, a Wild Quarter on Wall Street

UBS Launches Buyback of Up to $2 Billion

Goldman Sachs Scraps Plans to Build Hotel Brand in Greece