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Insurance
Insurers sue rating agency over exposure to Everton bidder 777
...The insurers, which offer life insurance and annuity products to families across America, accused the rating agency of a “fixation” with 777 Re, the Bermuda reinsurer linked to the Miami investment group...
May 4, 2024
LexRetail sector
Home Depot has bet $18bn on US housing market paralysis Premium content
...On that basis, its $18.25bn acquisition of speciality building products supplier SRS Distribution, including debt, offers good news and bad....
April 2, 2024
FT Live
Investing in America
Foreign companies as drivers of US growth, resilience and competitiveness
Tuesday, 10 DecemberHybrid Conference
FT SeriesThe Brains of Wellbeing + Beauty
Victoria Beckham: the business of beauty
...The duo discuss everything from the art of contouring to the business of building a global brand, which has recently entered a period of double-digit growth....
April 16, 2024
Travis Perkins PLC
Travis Perkins shares drop as profit guidance slashed
...The performance of the building merchant in the three months to September was partially offset by subsidiary Toolstation — a supplier of tools and building products....
October 11, 2023
Nationwide Building Society
Crosbie puts Nationwide’s reputation on the line with Virgin Money bet
...Crosbie’s task of melding the businesses will arguably be made harder because Virgin Money is itself the product of a merger....
March 24, 2024
News in-depthNews in-depth15 min
Building blocks: Lego's next move | FT Film
...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
March 21, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Inside BusinessTim Bradshaw
Winner of AI gadget race might already be in your pocket
...Start-ups building devices instead of apps need to wrangle supply chains and working capital, adding a financial burden to an inherently risky enterprise....
May 10, 2024
Citadel LLC
Hedge fund Citadel to expand its London office space with tower move
...“We are putting a product into 2027, when there is not much other product coming out,” Mistry said, adding that the deal marked a “‘dramatic increase” in Citadel’s London footprint....
April 18, 2024
UK property
First-time buyers targeted with £5,000 deposit mortgage
...Other lenders have launched first-time buyer products in recent years....
March 29, 2024
Divestment
US universities resist calls to divest from Israel-linked companies
...“Thousands of students are building an unprecedented mass movement on US, European, Australian and other campuses in solidarity with Palestinian liberation,” Barghouti said....
May 5, 2024
Apple Inc
US accuses Apple of building smartphone market monopoly in antitrust case
...“This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets,” it said....
March 21, 2024
Style
Dover Street Market Paris: a home for fashion’s independent minds
...The products are dispersed, regardless of label or category. It’s hard to imagine many luxury brands, who have long struggled to concede control, responding favourably to the idea....
May 10, 2024
Apple Inc
Apple unveils ‘outrageously powerful chip for AI’ in latest iPads
...“The new iPad Pro with M4 is a great example of how building best-in-class custom silicon enables breakthrough products,” said Johny Srouji, Apple’s senior vice-president of hardware technologies....
May 7, 2024
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Intel hits 5-month low on disclosure of $7bn loss for chipmaking unit
...The Santa Clara group is being reorganised into two units: Intel Foundry, which will make semiconductors, and Intel Products, which designs chips....
April 3, 2024
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
Nationwide agrees £2.9bn deal for Virgin Money
...Nationwide Building Society has agreed a £2.9bn deal to buy Virgin Money, formalising an agreement in principle reached this month....
March 21, 2024
FT Live
Investing in Piauí – Brazil
Exploring business opportunities and delivering sustainable growth
Friday, 17 May22 Vanderbilt, Madison Avenue, New York, NY, USA
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
LexMeta Platforms
Meta proves AI hype has its limits Premium content
...Even with billions of dollars pouring in it is still not clear what sort of AI company Meta is building....
April 25, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
Nationwide agrees terms for £2.9bn Virgin Money acquisition
...Nationwide Building Society has reached a preliminary agreement to buy Virgin Money in a £2.9bn deal that would bolster its ability to challenge the UK’s big four banks....
March 7, 2024
Kate Burgess
Accsys: investors can’t see the wood for the trees
...Holcim, the world’s biggest cement maker, plans to win over climate-conscious investors by “decarbonising building” and raising sales from environmentally efficient or innovative building products by a half...
February 15, 2024
Beer and spirits
Chinese whisky distilleries give western brands a wee dram of local flavour
...At the foot of Mount Emei in the western Chinese province of Sichuan, a sleek new building has taken shape....
March 4, 2024
News updates from March 4: US Supreme Court rules Trump can remain on Colorado ballot; aviation regulator finds compliance issues at Boeing
US aviation regulator finds compliance issues in Boeing production
...process control, parts handling and storage, and product control”....
March 4, 2024
LexLego
Lego’s corporate model is key to its brick-by-brick success Premium content
...Building the business, like its product, is an exercise in patience. It can yield impressive results. vanessa.houlder@ft.com...
March 24, 2024
Letter
Letter: A business must tap the talent of diverse groups to be successful
...The Schwab Foundation has outlined the evidence in a new report which shows that it makes clear business sense to seek out creative talent as well as products and services from artists, designers and manufacturers...
April 19, 2024
UBS Group AG
UBS to sell $8bn of loans to Apollo
...The agreement is a big boost to UBS’s ambitions to significantly cut back Credit Suisse’s investment bank as it focuses on building out the combined group’s wealth management business....
March 27, 2024
Meta Platforms
Meta unveils less ‘sanctimonious’ AI model as tech rivalry heats up
...Meta is building a 405bn parameter version that is still being trained and will be released subject to “safety evaluations”, which are being conducted over the next few months....
April 18, 2024

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