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...Bankers have sounded out potential buyers for a minority stake in Sotheby’s as its owner Patrick Drahi comes under pressure to sell assets at his indebted telecoms group Altice.Those approached included...
...St Patrick’s Day celebrations will ring out around the world next Sunday, as well as in the days leading up to the feast day of Ireland’s patron saint....
...“Margin squeeze, economic contraction, staffing shortages and regulatory scrutiny are mounting systemic challenges,” Smith said....
...Monetary policy: Federal Reserve Bank of Philadelphia President Patrick Harker speaks at the 2024 American Council on Education Presidents and Chancellors Summit in Washington....
...The former chief executive of outsourcing group Serco, and current chair of healthcare business Smith & Nephew, said the CBI still had an important role as a conduit between business and politicians....
...Minneapolis Fed president Neel Kashkari, Boston Fed president Susan Collins and Philadelphia Fed president Patrick Harker will also deliver speeches....
...Private equity: The industry has evolved in the past three decades and cannot be caricatured homogenously as short-termist, debt-addicted asset-strippers, writes Patrick Jenkins....
...Franco-Israeli billionaire Patrick Drahi stitched together Altice through a series of debt-fuelled acquisitions over the past decade, but concerns have been mounting over its $60bn in borrowings as rates...
...In October, the law firm hired Doug Bryden, previously co-head of ESG and impact at Travers Smith....
...(Patrick Temple-West) Smart read Divisions among developing nations are a key factor holding back reform of the IMF, argues the FT’s Alan Beattie....
...For example, Smith’s firm has invested in Greyparrot, a London-based waste analytics company....
...Deputy editor Patrick Jenkins explains why you should donate to it this year. Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...“If News Corp separates the digital real estate assets through a tax-free spin[off] . . . shareholders will see significant appreciation in the company’s share price,” Smith said. Read more here...
...The benefit from higher interest rates “will override concerns that the growing frequency of extreme weather is ratcheting up the risk of loss”, argues Claude Brown, a partner at law firm Reed Smith....
...“If News Corp separates the digital real estate assets through a tax-free spin[off] . . . shareholders will see significant appreciation in the company’s share price,” Smith said....
...Patrick McHenry, a Republican congressman from North Carolina and close McCarthy ally, has been designated “Speaker pro tempore” to lead the chamber in the absence of an elected Speaker....
...Sam Fleming and Colby Smith report from Marrakech....
...Monetary policy: Jay Powell participates in a roundtable discussion hosted by the Federal Reserve Bank of Philadelphia alongside Patrick Harker, chair of the regional bank....
...Goldman Sachs: As pressure continues to pile on chief executive David Solomon, Patrick Jenkins writes that an idea thrown out by the Wall Street rumour mill deserves consideration: co-CEOs....
...“He was Patrick’s partner; nothing happened on the operational side without Armando.”...
...Additional reporting by Patrick Temple-West...
The FT looks at the midsized lenders that have suffered since the collapse of Silicon Valley Bank
...Armando Pereira, who co-founded telecoms and media group Altice alongside French billionaire Patrick Drahi, has been placed under house arrest in Portugal on the order of a judge as public prosecutors investigate...
...Inflation will drive insurance prices higher for “a couple of years at least”, the chief executive of one of the world’s biggest insurance brokers has said.Patrick Gallagher, chief executive of the world...
...Testing the new technology: The FT’s San Francisco correspondent Patrick McGee was among the first to try out the Vision Pro headset. Read his verdict here....
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