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Travel & leisure industry
CitizenM owners explore potential sale of hotel group
...CitizenM’s owners including its largest shareholder Dutch pension provider APG, Singaporean wealth fund GIC and founder Rattan Chadha are being advised by Morgan Stanley and the real estate investment bank...
March 27, 2024
Kering SA
Kering and EssilorLuxottica among suitors for eyewear maker Marcolin
...Kering, which has a growing eyewear division, EssilorLuxottica, the world’s largest eyewear manufacturer, Safilo and Marchon have all looked at Marcolin and view the Italian asset as an opportunistic add-on...
March 9, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Automobiles
Pendragon owner to cut hundreds of jobs in used car overhaul
...The new owner of UK car dealerships Stratstone and Evans Halshaw is preparing to cut hundreds of jobs after a collapse in the supply of used cars following the coronavirus pandemic....
April 23, 2024
Utilities
South East Water owners provide £150mn loan to ease financing pressures
...The parent company’s owners include NatWest’s pension fund, a Canadian pension fund and an Australian infrastructure investor....
February 12, 2024
Letter
Letter: One ‘unknown unknown’ banks should know about
...Far from being one of the “unknown unknowns” that Buch, as the eurozone’s new chief banking supervisor, wants banks to prepare for, increasing interest rates are a natural consequence of quantitative easing...
March 20, 2024
News updates from March 12: US inflation rises to 3.2%; White House warns Israel against ‘smashing into Rafah’
Navalny aide attacked with hammer by unknown assailant — spokesperson
...An unknown assailant used a hammer to attack a top aide to Alexei Navalny weeks after the late Russian opposition leader’s death in a Siberian prison colony....
March 12, 2024
FT Live
Crypto and Digital Assets Summit
Connecting leaders in crypto with mainstream finance
Wednesday, 8 MayLondon
HTSI
Drinks with all the fun of the fungi
...work streak (all from £39.99)....
April 27, 2024
ReviewVisual Arts
Toshiko Takaezu, Noguchi Museum review — sculptures of rich absences and colourful presences
...And if her studio resembles a garden, it is only because the curves of her pottery are the curves of all natural things, a green pepper, a beehive, a human figure.”...
April 3, 2024
Climate change
World in ‘unknown territory’ after heat records, says head of UN’s climate body
...El Niño, a cyclical warming effect in the Pacific Ocean, is associated with higher temperatures and wetter conditions that can wreak havoc on commodities and supply chains....
March 13, 2024
FirstFT
FirstFT: BHP proposes all-stock takeover of Anglo American
...And here’s what else I’m keeping tabs on today: Earnings: Microsoft and Google owner Alphabet are the latest tech companies to report results....
April 25, 2024
Shipping
Bulk commodities vessel owners face pressure to travel through Red Sea
...“It’s a huge risk for an owner to agree to that. What is he going to do if there’s active war, which would create risks for all the ships? His liability will be huge,” he said....
January 30, 2024
ReviewAlbums
St Vincent balances rawness and artifice on All Born Screaming — album review
...“I look at you and all I see is meat,” she sings in “Flea”, hungry for another body. Noise and distortion are engineered with catchiness and precision....
April 24, 2024
Letter
Letter: Capital gives owners of banks skin in the game
...The rationale for capital requirements is rather to secure the result that if financial institutions do fail, their owners will lose something and thus “have skin in the game”....
April 10, 2024
Retail sector
Home Bargains owners net £36mn dividend
...However, the company added that it aimed to “continue its current levels of growth” and planned to eventually have between 800 and 1,000 shops in the UK....
April 9, 2024
Scoreboard
Football team owners call for change
...Shame on all of us. These things should trade on a multiple of cash flow. Deficit financing yourself, and blowing your brains out in the transfer market, all this stuff has to change.”...
March 2, 2024
FT Live
Crypto and Digital Assets Summit Asia
Transforming mainstream finance
Thursday, 5 DecemberDigital Conference
FT Schools
US High School Economics class: Legoland and Madame Tussauds owner to roll out surge pricing
...Specification: Supply and Demand Click to read the article below and then answer the questions: Legoland and Madame Tussauds owner to roll out surge pricing Why would you expect to pay more in peak holiday...
April 8, 2024
Thames Water
Thames Water owners to begin urgent restructuring talks
...Alvarez & Marsal, the restructuring experts, will discuss all options with creditors, which include bank lenders and bondholders, as the government tries to avoid a temporary renationalisation of the UK’...
March 31, 2024
Haiti
Haiti’s prime minister turns up in Puerto Rico with his country in chaos
...Haiti’s Prime Minister Ariel Henry has re-emerged in Puerto Rico after his whereabouts were unknown for days, with his country having been plunged into chaos and violent gangs demanding his resignation....
March 6, 2024
Benedict Evans
Where is artificial general intelligence? My grandfather’s guess is as good as yours
...There are some who think LLMs might scale all the way to AGI, and others who think we still need an unknown number of unknown further breakthroughs....
April 13, 2024
Retail & Consumer industry
UK restaurant sector hit by cost of living and Covid legacy
...Deane and Devine are among a growing number of restaurant owners calling on the government to level the playing field by cutting VAT....
March 9, 2024
Letter
Letter: Blame real estate owners for the woes of department stores
...Indeed, it is not retail at all. The other joint owner of these retail groups, Thailand’s Central Group, is however a retailer and it remains to be seen what role it will play....
February 19, 2024
Martin Wolf
For all its faults, democracy is still better than autocracy
...If one puts to one side a few resource-rich countries and Hong Kong and Singapore, the world’s richest countries are all liberal democracies. Is this really an accident?...
April 2, 2024
Japanese economy
Declining population: the cause of, and (possible) solution to, all of Japan’s deflationary woes
...This all leads to a whirling cycle of low demand, stagnant growth, persistent deflation, and back round again....
March 27, 2024
News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
Associated British Foods profits jump more than a third as Primark owner ‘returns to normality’
...Profits jumped by more than a third at the owner of Primark in the first half as the sprawling business group returned “to some normality” after years of upheaval in its supply chain....
April 23, 2024
FT MagazineTim Hayward
Cafe Kitty, London: ‘Theatrical in all senses’
...Cafe Kitty is a “theatrical” restaurant in all senses and somehow fits right in. There’s an old journalist’s rule that three of anything constitutes a trend, so I’m going to be the first to call it....
January 25, 2024

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