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UK local government finance
Warrington Council refused to hand over key information to auditor
...Rowland is the son of David “Spotty” Rowland, a property developer and confidant of Prince Andrew, whose family’s other major banking venture Banque Havilland has attracted regulatory and media scrutiny...
May 10, 2024
Artificial intelligence
Huge AI funding leads to hype and ‘grifting’, warns DeepMind’s Hassabis
...“Some of that has now spilled over into AI, which I think is a bit unfortunate. And it clouds the science and the research, which is phenomenal,” he added....
March 31, 2024
FT Live
The Impact Of Gen AI On The Legal Sector
How are law firms leveraging technology to transform services and operations?
Tuesday, 11 JuneDigital Conference
OpenAI
Singapore’s Temasek in discussions to invest in OpenAI
...fundraising with deep-pocketed investors in the Middle East and Asia, including Sheikh Tahnoon bin Zayed al-Nahyan, one of Abu Dhabi’s wealthiest and most influential figures, and SoftBank founder Masayoshi Son...
March 5, 2024
SoftBank Group Corp
SoftBank seeks OpenAI tie-up as Son plans deal spree after Arm IPO
...Son has described Altman as “one of the key people on Earth” and said he speaks to him almost every day....
September 16, 2023
Travel & leisure industry
Gymkhana’s owner raises funds to buy out investor with Abraaj ties
...Naqvi is the son of the founder of failed private equity firm Abraaj....
December 1, 2023
Revolut Ltd
Revolut strikes share deal with SoftBank to remove barrier to UK licence
...Vision Fund 2 led an $800mn fundraising in July 2021 that valued Revolut at $33bn; a valuation boosted by $8bn after a meeting between the fintech’s co-founder Nik Storonsky and SoftBank chief Masayoshi Son...
October 3, 2023
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
LexSoftBank Group Corp
SoftBank’s Arm should give Son a hand in AI Premium content
...Masayoshi Son has earned some leeway for bold bets on artificial intelligence....
May 13, 2024
Air India Ltd
Air India Express cancels flights for second day after crew stage mass sick leave
...India’s budget airline was forced to cancel 85 more flights on Thursday after hundreds of cabin crew called in sick, marking the latest staffing crisis to hit the flag carrier bought by conglomerate Tata Sons...
May 9, 2024
SoftBank Group Corp
SoftBank posts $1.5bn quarterly profit as it shifts to AI investment
...The investment was signed off by Son, which executives said was due to the deal’s size and AI theme....
May 13, 2024
Arm Ltd
Arm’s an AI stock now. When’s the crash?
Yesterday / Here Comes The Son / Help!
February 13, 2024
Due Diligence
Soho House: short sellers are knocking
...Goto said Son is “exploring AI strategy . . . but anything that he likes to do always leads to Arm”....
February 9, 2024
Your QuestionsLucy Warwick-Ching
Can I claim a bigger stake in the family business than I have inherited?
...When Brenda died in 2001, her share passed equally between her husband and sons....
May 9, 2024
Enuma Okoro
Can past betrayals lead to new beginnings?
...And I do think that betrayals, as unfortunate as they can be, are often part of new beginnings. At first glance we might imagine that this theme has little to do with us or our own lives....
March 29, 2024
Phone hacking
UK politicians and celebrities seek to drag Murdoch into court battle
...Fresh allegations have been made against current and former News Corp executives, including Rupert Murdoch’s son James and Rebekah Brooks....
March 20, 2024
IPOs
Masa Son — IPO hero
...If Son can lift the taboo on down-rounds and make valuation compromises palatable to other companies and venture capital firms, he may be the hero that the IPO market needs....
September 14, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
HTSI
In search of Graff’s Green Lady
...Laurence’s son Francois Graff, now CEO, recalls that he had doubts about how she would be received, even if he was “passionate” about the concept....
April 1, 2024
Your QuestionsLucy Warwick-Ching
Should I pay rent to my son?
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
November 30, 2023
Revolut Ltd
Revolut calls on High Court to throw out lawsuit over account closure
...Revolut has called on London’s High Court to throw out a lawsuit brought by the son-in-law of a late mining magnate, who claims the fintech group cancelled his account because of “malicious” claims against...
January 17, 2024
ReviewMusic
Simon Boccanegra, La Scala — star conductor steals the show
...The new staging by Daniele Abbado, Claudio’s son, is an unfortunate blend of inactivity and confusion....
February 5, 2024
Media
Carlyle and Abu Dhabi’s IMI agree new funding for Barclay family
...Aidan Barclay — the son of Sir David Barclay, who with his brother Sir Frederick created the Very Group from the former Littlewoods and Shop Direct businesses — will assume the role of non-executive chair...
February 27, 2024
Reliance Industries Ltd
Ambani’s youngest son too inexperienced for board seat, proxy advisers say
...Shareholders in Reliance Industries should reject the appointment of tycoon Mukesh Ambani’s youngest son to the oil-to-data conglomerate’s board, two proxy advisers have said....
October 17, 2023
Tata Steel Ltd
Labour’s Reynolds urges Tata boss to retain blast furnace at Port Talbot
...Labour met the boss of Tata Sons in Mumbai on Wednesday and urged him to give a stay of execution to traditional steelmaking at Port Talbot, holding out the promise of more state support should the party...
February 8, 2024
Chinese business & finance
Chinese state-owned bank seeks liquidation of property developer Shimao
...Named after a father and son duo who began running the company in 2001, Shimao had outlined a restructuring proposal in late March that included short-term and long-term notes, as well as convertible bonds...
April 8, 2024
Your QuestionsLucy Warwick-Ching
How can I stop my son investing his inheritance in crypto?
...You can be a trustee, and your son could be a trustee too....
September 20, 2023
Sasol Ltd
Sasol cancels shareholder meeting after climate activists storm stage
...“It’s extremely unfortunate that it was cancelled so quickly,” said Tracey Davies, executive director of Just Share, a Cape Town-based advocacy group for responsible investing, which has criticised Sasol...
November 17, 2023

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