Cinven buys up KKR's Northgate Public Services for undisclosed fee: Software and outsourcing business Northgate Information Solutions sold its public services division to Cinven, a top European private equity firm. Morgan Stanley sale to Rosneft fails to win regulatory approval: Russian oil firm Rosneft 's deal to buy Morgan Stanley 's oil merchant business has collapsed after United States regulators refused to clear it. Retailers miss out on festive shopping boom: Many British retailers have failed to cash in on the Christmas shopping boom, according to research released, causing the number of struggling businesses in the sector to increase considerably.