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PDD Holdings
Ex-workers at Temu owner PDD suffer surveillance and financial ruin over non-competes
...Through interviews and court records, the Financial Times has reviewed 10 ex-employees’ cases....
March 11, 2024
News in-depthTikTok Inc
How TikTok’s Chinese owner tightened its grip on the app
...TikTok hit a record $16bn in sales in the US in 2023, the FT reported last month....
April 25, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 4 September237 Park Avenue, New York, NY, USA
Ecommerce
Online retailer Mytheresa among suitors for Yoox Net-a-Porter
...Richemont has so far booked €1.8bn in non-cash writedowns on the business and the division made a loss of €128mn in the first half of Richemont’s current financial year....
April 2, 2024
Vivendi SA
Owners of O2 Arena and Hammersmith Apollo enter race for See Tickets
...The business grew from a record shop in the English city of Nottingham into a big ticketing platform for theatre and live music....
December 11, 2023
Water Services Regulation Authority UK
UK watchdog sends fresh warning to water utilities over dividends
...Meanwhile, the Environment Agency is conducting a far-reaching criminal investigation into suspected widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works....
April 19, 2024
News in-depthFootball
Olympique Lyonnais seeks to raise €300mn and sell assets in turnaround push
...Textor’s brief tenure as Lyon owner has been turbulent both on and off the pitch. Under the original agreement, former owner Jean-Michel Aulas was due to stay on and run the club for three years....
September 27, 2023
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
The Art Market
New claimant to €35mn Klimt emerges
...between its legal owners in Austria and the heirs of two branches of the Lieser family....
May 2, 2024
Due Diligence
Silver Lake raises record fund for ‘bigger bets’ Premium content
...While Durban and Mondre say the market is “fully priced to overvalued” and an opportunity to sell non-core assets, they will be plotting another round of large takeovers during the inevitable next sell off...
May 9, 2024
International Airlines Group
British Airways owner IAG posts record profits on travel boom
...British Airways owner International Airlines Group has reported record annual profits as it cashed in on “sustained” demand for leisure travel at high prices, including from holidaymakers filling business...
February 29, 2024
Whitbread PLC
Premier Inn owner to cut 1,500 jobs as it scales back restaurants
...Paul said Whitbread’s restaurant business, meanwhile, had suffered from a “reduction in footfall from non-hotel guests and increased costs”....
April 30, 2024
The best books of the week
Neu Klang — ‘krautrock’ in the bands’ own words
...Other chapters are devoted to bands and ancillary figures such as the visionary producer Conny Plank and the hustling label owner (and LSD over-enthusiast) Rolf-Ulrich Kaiser....
May 9, 2024
Vale SA
BHP and Vale ordered to pay $9.7bn over Brazilian dam collapse
...BHP and Vale face a parallel class-action lawsuit over the event in the UK, with as many as 700,000 claimants. A trial is scheduled for October....
January 25, 2024
Royal Mail
Shareholders of Royal Mail owner hit out at Křetínský’s ‘insulting’ approach
...in the postal group.Backed by record profits from EP’s energy holdings, Křetínský has spent several years striking deals across Europe to diversify the group’s portfolio by pushing into unloved retail,...
April 19, 2024
News in-depthBody Shop International PLC
How The Body Shop unravelled in 3 months
...payment of non-vested shares they owned in former owner Natura....
February 16, 2024
Electric vehicles
Governments slap taxes on EVs as $110bn fuel duty shortfall looms
...The charges were slammed by EV lobby groups and green campaigners, which have warned they will slow uptake of non-polluting vehicles and result in plug-in hybrid EV drivers paying more than those driving...
May 7, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
ReviewBooks
The Village Voice: fist fights, gay rights and early battles with Trump
...The paper teetered on through several new owners....
February 6, 2024
The FT ViewThe editorial board
The patchy record of returning founders
...Returning founder-CEOs come with some important built-in assets that usually distinguish them from non-founder “boomerang chief executives” such as Bob Iger at Disney, or Sergio Ermotti at UBS....
February 19, 2024
Thomas Flohr
VistaJet owner Thomas Flohr loses a bid to strike out historic legal claim
...accounting of non-cash items such as depreciation; and pointed to the group’s ability to raise a new $500mn bond from investors as a sign of their confidence....
November 6, 2023
News in-depthTikTok Inc
TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington
..., according to OpenSecrets, a non-profit organisation tracking campaign finance and lobbying....
April 24, 2024
LexUS banks
Why rocketing US mortgage lenders have gone too far, too fast Premium content
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
February 5, 2024
UK immigration
Sunak’s bid to clear the asylum backlog backfires, say lawyers
...Nick Beales, lead campaigner for the Refugee and Migrant Forum for Essex and London (RAMFEL), said he had succeeded in reinstating two applications withdrawn recently because claimants had purportedly failed...
January 31, 2024
Due Diligence
The Chinese banks behind Thames Water Premium content
...Ladbrokes owner Entain has tapped Stella David as the group’s new chair. She is currently the group’s interim chief executive, and will be replacing Barry Gibson....
April 5, 2024
News in-depthPersonal Finance
Will the Budget leave you better off?
...Pensioners, owners of furnished holiday lets, “non-doms” and the wealthy will all see their finances take a hit from the changes chancellor Jeremy Hunt made — and did not make — to the UK’s tax and investment...
March 8, 2024
ExplainerUK Budget 2024
The 2024 Budget in brief
...Tax breaks for owners of holiday lettings will be scrapped and the windfall levy on oil and gas producers will be extended by one year to 2029....
March 6, 2024
ReviewFT Books Essay
Can the art market be fixed?
...(While it is more usual than many might realise for a hugely expensive painting to have more than one owner, obviously only 100 per cent of it is ever legally available.)...
April 27, 2024

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