Madeline A Wright

April 17, 2024

The mysterious Iranian ship accused of lining up the next Houthi targets

...But a video posted on an Iranian army-linked Telegram channel last month, in English, described the vessel as a “floating armoury” and insisted it had a role in combating piracy....

March 9, 2024

FT Live

Due Diligence Live

Where leaders in investment and finance meet

News in-depthShipping

Shipping industry turns to high-tech wings for faster decarbonisation

...When bolted to a vessel’s decks and sitting upright, the wing, called FastRig, will act as a sail capturing the wind....

April 21, 2024

Supply chains

Mediterranean ports warn of overflowing storage yards in latest threat to supply chain

...a slowdown in vehicle sales....

April 23, 2024

News in-depthShipping

Surge in maritime violence boosts demand for private security forces

...The renewed interest marks a turnaround for a sector that had been declining over the past decade after a near-halting of attacks by Somali pirates....

April 21, 2024

Royal Mail

Shareholders of Royal Mail owner hit out at Křetínský’s ‘insulting’ approach

...It said it was prepared to support the “iconic business” as it transformed and rebuilt into a “modern postal operator.”Křetínský, a lawyer-turned-energy tycoon, now has until May 15 to make a formal offer...

April 19, 2024

FT Live

Future of Asset Management Europe

New fund firm models for Europe's resurgence

Galderma SA

Dermatology giant Galderma aims to raise $2.3bn in Swiss IPO

...Having started life as a joint venture between Nestlé and L’Oréal, Galderma was acquired by a consortium led by Swedish private equity group EQT in a $10bn deal in 2019....

March 6, 2024

Royal Mail

Royal Mail proposes to halve second-class deliveries

...Tina McKenzie, Federation of Small Businesses policy chair, said that Royal Mail’s plan to retain a six-day-a-week service for first class letters was a “good step in the right direction”....

April 3, 2024

Angela Rayner

Police launch probe into claims Angela Rayner broke electoral law

...Dan Neidle, a tax expert, has estimated that Rayner could have been liable for a capital gains tax bill of £1,500 on the sale of the two-bedroom semi in 2015 for a profit of £48,500....

April 12, 2024

Royal Mail

Heathrow executive recruited to lead Royal Mail turnaround effort

...“Royal Mail is a great British brand with a long and proud history,” she said. “Now is the time to ensure it has a successful future too.”...

April 2, 2024

News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%

Second-class deliveries would halve under Royal Mail proposals

...The ideas are suggested in the legacy mail delivery company’s submission to a review of its obligations being undertaken by Ofcom....

April 3, 2024

Shipping

Hedge fund takes on shipping magnates over oil tanker deal

...The transaction was meant as a solution to a deadlock between the two companies over control of Euronav....

April 11, 2024

News in-depthRoyal Mail

Robot arms and the humble postie: how Royal Mail plans to deliver

...But he added: “This is a step in the right direction.”...

April 5, 2024

Personal Finance

A mid-life inheritance: handling a painful windfall

...There’s not a project. There’s not a great difficulty to be resolved,” Peter says....

March 1, 2024

FT SeriesThe world’s best house museums

House museums #51: Frank Lloyd Wright’s home and studio

...Wright moved windows higher to create an “intimate space” around the table, says Holian, adding that dining tables became “almost a room within a room” in some of his designs....

January 20, 2024

FT Live

Financial Times @COP

FT Live events coinciding with COP

Markets InsightWilliam Wright

The British Isa is a welcome step back to the future

...The aim is to provide a modest boost to demand for UK stocks with a small ask of those people who can most afford it....

March 14, 2024

Shipping

Somali pirates seize ship as global naval forces focus on Houthi threat

...Such groups consist of a hijacked dhow — a traditional ship in the region — which pirates use as a floating base for small attack boats....

March 12, 2024

Wincanton PLC

CMA CGM abandons bidding for UK logistics specialist Wincanton

...The abandonment of the bid is a setback for CMA CGM’s efforts to develop a stronger logistics function to complement its core shipping business....

March 5, 2024

ExplainerMaritime accidents and safety

The Baltimore bridge disaster: what happened and who will pay?

...The insurance sector is expecting a hefty bill....

March 27, 2024

Mergers & Acquisitions

Yodel to be sold off in latest unwinding of Barclay family interests

...YDLGP was backed by a consortium including Solano Partners, an independent investment bank, and Shift, a UK logistics provider, Yodel said....

February 13, 2024

News updates from February 19: Navalny’s widow calls on Russians to ‘share her fury’; Houthis claim attack on British ship

Houthis claim ‘catastrophic’ attack on British ship

...The attack late on Sunday on the Rubymar, carrying cargo from the United Arab Emirates to Bulgaria, underlines the continuing threat from the Houthis despite a recent lull as a result of US and UK attacks...

February 19, 2024

Wincanton PLC

Bidding war for Wincanton drives up UK logistics group shares

...CGM offer — to issue a firm offer....

February 29, 2024

Middle East conflict

Iran seizes Israel-linked container vessel

...The ship is owned by Gortal Shipping, a finance company affiliated with Zodiac Maritime, a company controlled by Israel’s Ofer family....

April 13, 2024

News in-depthMiddle East

Houthis blow open murky world of ship nationality

...When Yemen’s Houthi rebels attacked a ship carrying 21,000 tonnes of fertiliser from Saudi Arabia to Bulgaria last month, they had a simple justification: they said the Rubymar was a “British ship”....

March 5, 2024

Maritime accidents and safety

Search suspended for missing people in Baltimore bridge collapse

...The US Coast Guard said on Tuesday evening that six construction workers who went missing after a container ship destroyed part of a Baltimore bridge are now believed to be dead....

March 27, 2024

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