Just seven days ago, President Trump announced the biggest increase in American tariffs in more than a century from the White House rose garden.
Since then, the import levies announced on Trump’s so-called “liberation day”, which ranged from 10 per cent to 50 per cent, have wreaked havoc across global markets.
While Trump has made every effort to ensure that his tariffs are applied as broadly as possible, some of the UK’s listed companies have emerged considerably worse off than others.
Bridgepoint, the private equity group, has been one of the biggest and perhaps more surprising casualties of the past week. It might be thought that the unlisted world should be part-insulated from the gyrations in stock markets. Portfolio investments can just be held until more benign conditions return.
But private equity houses have been hit hard this time, partly because the scope for exiting investment through stock market flotations has…
