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Travel & leisure industry
Spain supplants UK as top hotel investment destination amid buoyant demand
...“Spain is flourishing due to record tourism numbers and robust operational performance from the hotel operators,” said CBRE head of hotels for Europe Kenneth Hatton....
April 14, 2024
Sotheby's Inc
Qatar approached to take stake in Drahi’s auction house Sotheby’s
...These include Meo, the Portuguese operator at the centre of the Pereira corruption case, a stake in French mobile operator SFR and online advertising business Teads, according to people briefed on the process...
December 7, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Clayton Dubilier & Rice Inc
US buyout firm CD&R hires former Tesco chief Dave Lewis
...It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron. CD&R has explored the possibility of selling MFG....
January 15, 2024
The best of TV and streaming this week
Ripley — Andrew Scott is a calculated operator in new Netflix series
...Scott’s Ripley is no longer a boyish, bright-eyed opportunist prone to fits of violent passion but more of a calculated, cynical operator....
April 4, 2024
Investments
Behold, the Basquiat bond
...And while Drahi may like to think of himself as a shrewd operator when it comes to wringing costs out of mobile and cable businesses, he is better known for his prowess at financial engineering....
April 12, 2024
LexCarnival PLC
Carnival: plain sailing for cruise operators
...Cruise operators had to borrow heavily during the pandemic. Carnival has about $28.5bn of long-term debt. The $2bn it spent on interest expenses in the fiscal year contributed to the $74mn net loss....
December 22, 2023
FT Live
Financial Advice Forum
Optimising client centric advice in uncertain times
Tuesday, 24 September8-14 Cooper's Row, London EC3N 2BQ, UK
Lex5G networks
6G: network operators want profitable returns on 5G first Premium content
...Network operator capital spending growth is expected to dip next year. Operators want to see better returns on their investment in 5G before they contemplate further network upgrades....
December 13, 2023
Cryptofinance
BlackRock Buidls back better Premium content
...If you put $1,000 into a stablecoin, the operator should invest it in an asset such as Treasuries but it, not you, will pocket the yield....
April 12, 2024
News in-depthEmployment
Warehouse operators turn to entertainment and food facilities to attract workers
...Warehouse companies are introducing football pitches, ice cream vans and beehives to industrial sites, as operators try to lure workers to the gruelling business of loading and unloading packages....
January 3, 2024
Credit cards
Visa and Mastercard agree $30bn settlement over US transaction fees
...Fees are set by the payment network operators, Mastercard and Visa, as a percentage of each transaction and can be as high as 3 per cent....
March 26, 2024
FT Alphaville
Doug Cifu has let FT Alphaville down
...It wouldn’t be tolerated in any other consumer-facing industry. . . . as long as French and German ATC don’t (expletive) it all up in March, April, May, I think all operators in Europe will be positioned...
March 13, 2024
Berkshire Hathaway Inc
Warren Buffett’s Berkshire Hathaway pares its stake in Apple
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
February 14, 2024
Lok'nStore Group PLC
Lok’nStore agrees £378mn takeover by Belgian-listed rival Shurgard
...Shurgard, which describes itself as “the largest developer, owner and operator of self-storage facilities in Europe”, said it would pay 1,110p per share in cash to acquire Lok’nStore — a 15.9 per cent premium...
April 11, 2024
Boeing Co
US aviation regulator calls for checks on older Boeing 737 jets
...Leading operators include United Airlines, Alaska Airlines and Delta Air Lines....
January 22, 2024
World Wrestling Entertainment, Inc.
Netflix strikes $5bn deal to livestream WWE’s Raw show
...WWE’s decision to take Raw off USA Network, where it is the top-rated programme, also reflects the economic pressures on traditional cable television operators as more consumers shift to streaming....
January 23, 2024
FT Live
Financial Adviser Service Awards 2024
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Thursday, 14 NovemberNatural History Museum, Cromwell Road, London, UK
Ithaca Energy Inc
Ithaca Energy in exclusive talks for Eni’s UK upstream assets
...Ithaca, whose majority owner is Israel’s Delek Group, said the transaction would create the second-biggest independent operator in the UK continental shelf, boosting its production above 100,000 barrels...
March 27, 2024
UK infrastructure
Teesworks authority loses access rights case against Brookfield-owned port
...The port operator had sought to claim 15 categories of access rights to the Teesworks regeneration site, the UK’s largest brownfield site, earlier in the case, but dropped most of them....
February 5, 2024
LexMacy's Inc
Macy’s turnaround plan won’t recapture the old magic Premium content
...Meanwhile, the storied US department store operator — whose name was once synonymous with retail magic — continues to lose relevance among shoppers....
February 28, 2024
Media
Redstone prefers rival deal to Apollo’s $11bn Paramount studio bid
...Ellison’s bid would also add a deep bench of media operators including former NBCUniversal chief Jeff Shell, who would run broadcaster CBS as well as Paramount’s cable networks, which include MTV and Nickelodeon...
March 21, 2024
LexTravel & leisure industry
Choice/Wyndham: checking in on budget hotels Premium content
...A combination of Choice and Wyndham would create one of the biggest hotel operators in the world, with over 16,600 hotels and nearly 1.5mn rooms....
October 17, 2023
Uber Technologies Inc
Uber courts London’s black-cab drivers in push to expand services
...Adding taxis has allowed Uber to expand in markets such as Spain and Germany that place severe limits on private hire operators....
November 29, 2023
Aviation accidents and safety
US grounds some Boeing 737 Max planes after window blows out mid-air
...Other big operators that use the model include United Airlines and Copa Airlines of Panama....
January 6, 2024
Apple Inc
Apple moves to simplify messaging between iPhones and Androids
...According to the GSMA, a non-profit organisation representing mobile network operators around the world, the Universal Profile standard commits operators to implementing numerous improved messaging features...
November 16, 2023
Bird Rides Inc
Electric scooter rental pioneer Bird files for bankruptcy
...Customers are less likely to ride bikes and scooters in cold or wet weather, and their operators lose business as tourism wanes in many cities....
December 20, 2023
Boeing Co
Boeing and supplier shares fall after mid-flight accident
...The biggest operators are United Airlines and Alaska Airlines in the US, Turkish Airlines and Copa Airlines of Panama. Copa said it had temporarily suspended flights of 21 Boeing 737 Max 9 jets....
January 8, 2024

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