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News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Home Depot bets on professional builders with $18.25bn deal for SRS
...Home Depot has struck one of its biggest-ever deals to acquire speciality building products supplier SRS Distribution in a move that could boost its faster-growing professional services business....
March 28, 2024
EY
EY US reshuffles leadership following failure of spin-off plan
...While the changes are in part designed to ease tensions after months of infighting — and reshape the leadership more in Boland’s image as a consensus builder — they are not likely to satisfy US partners...
May 26, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Microsoft Corp
Microsoft hires DeepMind co-founder Suleyman to run consumer AI unit
...Mikhail Parakhin, its president of web services, will move along with his entire team to report to Suleyman....
March 19, 2024
News in-depthJapanese business & finance
Japan turns to avatars, robots and AI to tackle labour crisis
...Even the most iconic features of Japan’s famous service economy are in jeopardy....
January 22, 2024
Leyla Boulton
Why is making UK homes more efficient so difficult?
...But the venture capital-backed start-up, which provides a service similar to retrofit co-ordinators (£350 for a basic plan), is also taking the fight to the detractors of heat pumps....
April 11, 2024
Disrupted Times
India faces uphill struggle as bridge-builder at G20
...The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services warned that “invasive alien species” were having a catastrophic economic and environmental impact....
September 8, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Cravath
Cravath creates non-equity partner tier as it seeks to retain legal talent
...The modified system, while still largely following the “lockstep” model, allowed the firm to remunerate “franchise builders” based on merit, Saeed said in her note....
November 7, 2023
Construction sector
UK construction activity contracts for third month in a row
...Separate PMI data published earlier in the week for manufacturing and services marked construction as the worst performing sector, with services reporting a marginal expansion last month and the downturn...
December 6, 2023
The Big Read
The costly, controversial outsourcing of NHS mental health services
...Turning to the private sector Close by the former coal-mining village of Rainworth in Nottinghamshire, builders are putting the finishing touches on a new multistorey psychiatric ward owned by Cygnet Health...
January 8, 2024
UK housebuilding
Gove insists he has not ‘abandoned’ local housing targets
...He added the policy needed to cater to concerns over the environment, services and the aesthetics of new structures to “[win] back support”....
December 19, 2023
German economy
Fall in German business sentiment points to a contracting economy
...The assessment on the current business situation fell noticeably in energy-intensive industries, according to Ifo, but improved slightly in the services sector....
December 18, 2023
Travel & leisure industry
China’s first homegrown cruise ship sails from Shanghai
...With more than 20 restaurants and bars, indoor palm trees, a theatre seating nearly 1,000 and a 2,000-square-metre shopping centre, the ship has 16 floors and can carry 5,246 passengers, according to its builder...
January 1, 2024
Special ReportEurope’s Leading Start-up Hubs
Turning ideas into technology: the value of university-business links
...More recently, they have intentionally become builders of ecosystems, offering land and service providers. Then, investors come along.”...
March 14, 2024
Labour Party UK
Starmer to set his sights on consecutive election victories
...Instead, he will say, Labour is now, “a party of service . . . country first, party second”....
October 9, 2023
InterviewIsrael-Hamas war
Israel pledges to protect tech start-ups from effects of Hamas war
...Companies such as the cyber security group Check Point and website builder Wix have become big players in their sectors....
January 3, 2024
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
The Week Ahead
Round two for US Republican voters
...For the UK, it’s a lot of booze and builders — never to be mixed....
January 21, 2024
Autumn Statement
Hunt’s planning proposals fall short, say industry executives
...The Home Builders Federation, a trade body, said Hunt’s speech included “no meaningful measures to address the failing planning system [and] no real plan to build more homes”....
November 22, 2023
News in-depthWar in Ukraine
Families ask Putin to bring Russian soldiers home from Ukraine
...They were cooks, lawyers, builders.” She stressed that she supported Putin and accepted the mobilisation order, but felt that a year of service was enough....
February 13, 2024
Robin Harding
Victim? Villain? Huawei finds itself trapped in US-China dispute
...It tells everyone that cyber security is its highest priority and the accusations made by foreign intelligence services are false....
December 27, 2023
HTSI
When Damien Hirst met Château La Coste...
...In fact, the show is being “Presented by Heni”, an art services company Hirst has been working with since 2016, which has been behind many of his recent extensive print runs, such as Currency and Paper Blossoms...
February 28, 2024
Savills PLC
Savills profits plummet as rising interest rates hit property market
...But the builder said its private order book had grown since January, and the numbers were enough to drive its shares 2 per cent higher by late morning in London....
August 10, 2023
FT Magazine
Why everybody who’s anybody in Manhattan real estate relies on Jon Mechanic
...He was on the other side of the table, seeing the world through a builder’s eyes. And not just any builder....
October 20, 2023
Investments
Battle over investment platform fees intensifies
...Its Sipp service is cheaper than Interactive Investor’s equivalent “pension builder”....
July 28, 2023
News in-depthNetflix Inc
Netflix’s Reed Hastings: the ‘system builder’ who brought revolution
...A lot of people are regarding [Netflix] now as a foundational programming service. I just attribute it to his excellent execution.”...
January 20, 2023
Lex PopuliUK housebuilding
Housebuilders: rate rises hit profits like a ton of bricks
...That makes it difficult to judge the precise impact of rising interest rates on buyers, sellers and builders....
August 4, 2023

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