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April 16, 2024

Tesla scouts sites for $3bn India car plant in boost for Modi

...BYD submitted a proposal to build a plant in India last year in partnership with an Indian company, Megha Engineering....

April 3, 2024

FT Live

Building an AI-First Organisation

How can business leaders use AI to drive value?

Media

Avatar director James Cameron backs new UK studio scheme

...Robert Laycock, chief executive of the development company behind the Buckinghamshire project, said the area under development had been mostly gravel extraction, backfilled with domestic waste....

April 22, 2024

UK manufacturing

Fears grow for British Steel’s rescue deal

...Discussions with the company continue.”...

April 20, 2024

InterviewCannabis industry

Cannabis grower Curaleaf weighs Europe listing after German legalisation

...Curaleaf is the world’s largest cannabis company, with a market capitalisation of C$4.6bn, and its shares have risen 40 per cent in the past year....

April 5, 2024

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

FT Live

Future of Asset Management Europe

New fund firm models for Europe's resurgence

Lex PopuliInvestments

If you like a company, should you buy its shares?

...As they garner more information about their companies — assuming it is positive — they hold fast. Of course it cuts both ways....

April 19, 2024

Schneider Electric SE

Schneider Electric weighs deal for software maker Bentley Systems

...The French group has grown through acquisitions over the years, including the two-stage acquisition of British technology company Aveva, sealed in 2022 and which valued the UK company at £10.6bn....

April 19, 2024

Paramount Global

Sony and Apollo discuss teaming up to bid for Paramount Global

...Skydance is offering to buy Redstone’s National Amusements, which controls 77 per cent of Paramount’s voting stock, and later merge with the two companies....

April 19, 2024

Thames Water

Thames Water’s parent company defaults on debt

...The nearly £15bn of debt held by the Thames Water utility companies that sit below Kemble should be unaffected by the default....

April 5, 2024

Puig SA

Spanish beauty group Puig aims for €14bn IPO

...beauty market during the next phase of the company’s development.”...

April 18, 2024

South Korean business & finance

Luxury car sales plunge as buyers put off by Seoul’s neon licence plates

...President Yoon Suk Yeol made an election pledge two years ago to crack down on private use of company owned luxury cars....

April 19, 2024

Electric vehicles

Gardener and document shredder among creditors of failed electric van start-up Arrival

...The first van that the company made using the factory later turned out to have been largely hand built. The document also shows the spread of debts, both inside and outside the company....

March 16, 2024

LexArtificial intelligence

Rent the Runway needs more than AI to go from rags to riches Premium

...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

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

FT Live

Transforming the Finance Function with AI

Strategies for delivering advanced analytics, automation and decision-making

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

News in-depthTikTok Inc

TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington

...More than a decade ago, ByteDance founder Zhang Yiming sketched out an idea for a new social media company on a napkin in a Beijing coffee shop....

April 23, 2024

John Thornhill

Can 23andMe reinvent itself as a drug discovery company?

...Google DeepMind, the London-based AI company, even spun out a dedicated company called Isomorphic Labs in 2021 for this purpose....

April 4, 2024

Atos SE

Airbus ends talks with Atos on deal for big data and security unit

...Its big data and security division houses the company’s cyber security and supercomputing capabilities....

March 19, 2024

Executive Pay

Ex-Smiths chief set for pay bump after quitting UK conglomerate for smaller US group

...Smiths announced in late March that Paul Keel, an American, would leave the company immediately after less than three years in charge....

April 22, 2024

Swiss politics

Swiss open first criminal probe over Russia sanctions ‘violations’

...The company allegedly violated Swiss rules through its use of subsidiaries abroad, the attorney-general’s office said, declining to identify the group or sector involved....

March 12, 2024

TikTok Inc

TikTok gears up for legal fight in US to prevent ban

...A series of TikTok executives in the US have exited after the four-year mark, including the company’s former chief operating officer, Vanessa Pappas....

April 22, 2024

News updates from February 15: White House discloses Russian ‘anti-satellite capability’, UK GDP contracts by more than expected

European stocks rise on robust company results

...European stocks opened higher on Thursday as investors cheered robust corporate results and surprise dividend rises from companies including carmaker Renault and jet-engine producer Safran....

February 15, 2024

Ripple Labs, Inc.

Ripple Labs joins stablecoin rush amid crypto market revival

...The San Francisco company is battling a claim from the US markets regulator, which has for years pursued the company over its associated currency, XRP....

April 4, 2024

News updates from April 5: US jobs growth outstrips forecasts in March; Thames Water parent company defaults on debt

Thames Water parent company says it has defaulted on debt

...The bonds were issued by Kemble Water Finance, which sits above the nearly £15bn of debt at the Thames Water utility companies that should be unaffected by the move....

April 5, 2024

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