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...Ortega, who started out in 1963 in Galicia with a home workshop making dresses and dressing gowns, is the world’s 13th-richest person with a fortune of $98bn, according to Forbes....
...One reason, he said, was the bombshell ruling by Germany’s constitutional court in November that upset the government’s spending plans by striking down its use of off-budget funds....
...They occupied Scotland’s largest stages: this is off on a fast and furtive tour of smaller spaces and rural venues, starting at the Studio in Edinburgh....
...The V&A’s new show, Tropical Modernism, revolves around this odd confluence....
...The most famous chess match of all time Bobby Fischer v Boris Spassky in 1972, still casts its echoes....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...That’s the size of the stake owned by Amancio Ortega, Inditex’s billionaire founder and the world’s 13th-richest person, according to Forbes....
...A rising share count gives the lie to this shoddy practice, by revealing how stock comp dilutes earnings. Price-insensitive stock buybacks keep the game going....
...Realistically, though, there are now fewer world class prospects than in the golden era of the 1970s, when the Bobby Fischer v Boris Spassky match sparked the interest of teenagers at grammar and public...
...V-Tex drinks chiller, £4,299 plus VAT Better not kill the groove, DJ Pioneer DJ’s sibling brand, AlphaTheta, is doing its fair share of pioneering....
...They also discuss the challenges and pressure of being singular. Does she want to be considered the artist ‘bringing jazz to Gen Z’? We love hearing from you....
...His return game against the Iranian-born Frenchman was, in contrast, one of Gukesh’s best games in Toronto. Puzzle 2569 Joseph Zeltsan v Ethan Sheehan, Chesterfield, USA, 2023....
...v=gvAyykRvPBo – The FT’s 5-star review of 20 Days in Mariupol: https://on.ft.com/49MWvED – An FT profile of a number of Ukrainian documentarians, including Mstyslav, Maciek Hamela (In The Rearview) and...
...A snazzy polo takes the pressure off the rest of your outfit. A textured waffle-knit simply needs tucking into a pair of sleeker, wider-leg jeans or pleated trousers and you’re good to go....
...There’s also a licence premium levied on the likes of Apple and Qualcomm, who customise off-the-shelf Arm architectures and are likely to pay lower per-unit royalties as a result. Is it working?...
...We are off tomorrow for Easter. But you can still email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...And investors often want to exclude one-off events that obscure a business’s underlying profitability....
...The 10th edition of London Craft Week, a citywide smorgasbord of craft-related activity, kicks off this year on May 13....
...The ‘One Last Breath’ remix is here: https://www.youtube.com/watch?v=6fdKfaq1YN8 – Sujeet wants more independent news and tough questions....
...We’re going to start with actions that partially offset stock-based comp, and then we’re going to work our way up towards a consistent reduction of share count.”...
...I’d survey the neon city and wonder: what would happen if I drove a motorbike off that rooftop? What if I became America’s Most Wanted and then escaped?...
...One year into the job, chair Marta Ortega is defying governance fundamentalists who doubt the capabilities of second-generation dynasts....
...But now, ironically, when I think people have written off a recession . . . now I actually think we are seeing some tangible signs of slowdown. I don’t think you can write off a recession.”...
...We need to offset that with a buyback, or the whole ‘adjusted ebitda’ thing where we excluded the cost of stock comp is going to start looking bad....
...Tata Steel plans to lay off about 2,800 workers as part of a major restructuring of its UK operations affecting its Port Talbot plant in south Wales....
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