The Rutland Fund, the £210m (€336m) private equity fund managed by Rutland Fund Management, has acquired two flooring underlay businesses - Duralay from Cinven, the private equity house, and Gates Consumer from Tomkins - for a total of £60m.

The £60m purchase price includes £40m of debt finance and £20m of equity.

Rutland buys flooring businesses from Cinven and Tomkins

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

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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.

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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.

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