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Aerospace & Defence
Rishi Sunak expected to unveil new UK warship programme
...Former defence secretary Ben Wallace said: “There’s no substitute for a core funding increase that leads towards 3 per cent in 2030 and 2.5 per cent as soon as possible....
April 20, 2024
Climate change
Lloyd’s of London warns insurers climate-related pain is still to come
...Acknowledging that the impact of climate change varies by region and each so-called “peril”, such as wind, fire and flood, Mitchell-Wallace called for a “well-considered” approach from the market with investment...
October 22, 2023
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
EG Group
EG Group in talks to sell some UK assets to co-founder Zuber Issa
...EG Group is in talks to offload some UK assets to billionaire co-founder Zuber Issa in what the company told investors was an attempt to reduce the debt pile of its petrol-station empire....
March 6, 2024
Liberty Media Corp
Formula One owner closes in on €4bn deal for MotoGP
...Formula One owner Liberty Media is in exclusive talks to buy the company that owns MotoGP for more than €4bn, in a deal that would unite the elite car and motorcycle racing series, according to people familiar...
March 27, 2024
News in-depthWeight Watchers International Inc
WeightWatchers faces an era when weight loss comes in a syringe
...But “the clock is not running out”, said Jack Wallace from Guggenheim Securities....
April 9, 2024
LexElaine Moore
The Lex Newsletter: AI spending plans are spooking the market Premium content
...autonomy, I think they should not be an investor in the company.”...
April 26, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
LexDarktrace
Darktrace exit snuffs out another light on the London market Premium content
...Other suitors may yet emerge, pushing up the premium. But the cyber specialist, still among the better performers of the IPO crop of 2021, has had a very bumpy three-year ride as a public company....
April 26, 2024
News in-depthMiddle East military briefing
Ukraine’s air defence struggle highlights risks to Israel
...“Alliances work both ways,” said Ben Wallace, the former UK defence secretary....
April 17, 2024
News updates from August 31: UBS breaks record with $29bn profit after Credit Suisse deal, Eurozone inflation stickier than forecast in August
Ben Wallace resigns as UK defence secretary with warning of ‘more insecure and more unstable’ world
...Ben Wallace has formally resigned as UK defence secretary with a warning that the world will become “more insecure and more unstable” over the next decade....
August 31, 2023
UK Government
Rishi Sunak poised to name defence secretary to replace Ben Wallace
...Wallace announced in July that he wanted to step down from the role after four years in the post, and that he also planned to step down as an MP at the general election, expected next year....
August 30, 2023
ReviewDance
Hung Dance, London review — a man, a woman and a giant feather
...It was a busy, buzzy Friday night at Notting Hill’s Coronet Theatre, where the 30-artist, 16-day Taiwan Festival was entering its second week with Taipei’s Hung Dance company....
April 22, 2024
Oil & Gas industry
Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields
...The two companies revealed last month that they were in talks about the North Sea assets and on Tuesday, confirmed the deal had been agreed....
April 23, 2024
Paul Killik
Why buying company shares has gone out of fashion
...These investors, however, have very little say in the running of the companies contained in their funds, unlike direct shareholders....
April 5, 2024
UK politics
‘Safe pair of hands’ Grant Shapps appointed UK defence secretary
...Grant Shapps has been appointed UK defence secretary, moving to his fifth cabinet job in a year, following the resignation of Ben Wallace....
August 31, 2023
Janan Ganesh
The rise of the political casual
...There is a misconception that football fans aim to avoid people who have zero interest in the sport. No. The real drag is the casual: the office pest who wonders how “your lot” got on over the weekend....
February 9, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Travel
The unstoppable power of ‘Harry Pottourism’
...We went viral in China,” Wallace says....
March 30, 2024
LexArtificial intelligence
Rent the Runway needs more than AI to go from rags to riches Premium content
...The stock, worth $345 when the company went public in October 2021, now trades at just over $11, to give RTR a market value of $41mn....
April 19, 2024
UK politics
Rishi Sunak to appoint new defence secretary after Ben Wallace says he is quitting
...Wallace is the most popular member of Sunak’s cabinet with Tory members, according to Conservativehome, the website focused on the party....
July 16, 2023
TikTok Inc
TikTok gears up for legal fight in US to prevent ban
...Andersen indicated to some staff that he would stay on in the short term as the company steadied itself ahead of the expected legal battle, the person added....
April 22, 2024
FT Swamp Notes
Let’s not overdo the McConnell farewell Premium content
...Thankfully for America, FDR replaced Wallace with Harry S Truman just a few months before he passed away. Will explains just how close a call this was. Wallace was a fan of Stalin....
March 1, 2024
Donald Trump
Trump denounces New York fraud case in courtroom speech
...“By 2017, they were doing the rich person’s version of searching under the cushion for change,” Wallace said. This was not Trump’s first courtroom speech....
January 11, 2024
FT News Briefing podcast11 min listen
A look at Temu’s murky business model
...Plus, the FT’s Dan McCrum unpacks the mystery behind how Temu took over the retail world....
March 8, 2024
Travel
Shortcuts: Explora launches new expeditions and the ‘power-hour’ lunch comes to London
...Now though, the company is looking beyond its core business of luxury lodge-based trips....
March 30, 2024
Gillian Tett
Green audits are coming for a company near you
...Since most large American entities touch the Golden State, this will suck 8,000 companies into the net, according to Crunchbase estimates....
February 29, 2024
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...With over $155bn in cash at the plan’s inception, Apple had the funds and reputation to pose a credible threat to the car industry. The company has ramped up research spend....
March 7, 2024

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