One of the UK’s best-known private equity firms has cancelled its graduate intake this year due to the Covid-19 outbreak, joining a growing number of financial services firms reassessing entry-level recruitment plans because of the pandemic. 

Terra Firma, the private equity firm run by prominent industry veteran Guy Hands, told Financial News that “it is with regret that Terra Firma is unable to guarantee that we will be in a position to hire any new analysts this year”.