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J2’s Franklin agrees to buy APi for $2.9b

Bloomberg J2 Acquisition Ltd, the investment vehicle backed by serial dealmaker Martin E Franklin, made its debut acquisition after an almost two-year search with an agreement to acquire U.S. engineer and oil pipeline contractor APi Group Inc. for about $2.9 billion. London-based J2, which is run by Franklin and long-time partners James Lillie and Ian Ashken, is looking to build ...

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US manufacturing contracts for first time in three years

Bloomberg US factory activity unexpectedly contracted in August for the first time in three years as shrinking orders, production and hiring pushed a widely followed measure of manufacturing to its lowest level since January 2016. The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released ...

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Prince Harry is trying to teach tourists to be more eco-friendly

Bloomberg Prince Harry wants you to think a bit harder about whether your next vacation abroad risks harming the planet. He’s setting up a sustainable tourism initiative called Travalyst, which aims to support local people, protect wildlife, tackle climate change and environmental damage, and alleviate over-tourism. It’s a tall order but Visa, TripAdvisor, Booking.com, Skyscanner and Ctrip are buying into ...

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