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The Latest Breaking News from FT

Mike Ashley's Frasers Group increases stake in AO

The original deal saw Frasers Group acquire a stake of just under 19% in AO for £75m

Birmingham Post

A.I. company raises record $113 million just a month after being founded—despite having no product ready and only just hiring staff

The Paris-based startup wants to build generative A.I. technology like that powering ChatGPT.

Fortune

Keir Starmer’s transformation of the Labour Party

In 2019 the Labour Party faced its worst electoral defeat in over 80 years – now the party could be looking at victory in the next general election.

The Week

From analysis to the latest developments in health,
read the most diverse news in one place.

Odey Asset Management gates funds as investors rush to exits after sexual assault allegations

JPMorgan has also reportedly become the last major bank to cut ties with the firm

Evening Standard

Crispin Odey’s name to be removed from hedge fund he founded

Odey Asset Management plans complete rebrand after Tory donor forced out over misconduct claims

The Guardian - UK

A cruise on the mighty Brahmaputra river in India

From its source in Tibet, the Brahmaputra river flows through northeast India to Bangladesh, merging there with its equally mighty sister, the Ganges, and draining into the Bay of Bengal. A cruise along its Indian stretch on the “elegant” 18-cabin river boat Charaidew II is a delight, says Sophy Roberts…

The Week

Mike Ashley's Frasers Group buys £75m stake in AO

The shares had been held by hedge fund Odey Asset Management

Birmingham Post

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Crispin Odey brokers review ties over sexual misconduct allegations

Odey Asset Management ‘doesn’t recognise picture of firm painted’ by accusers

The Independent UK

How safe is India’s rail network?

The Indian government’s costly rail modernisation programme is under intense scrutiny after the country’s worst train disaster in decades claimed the lives of at least 275 people and injured more than 1,000.

The Week

Two more major investors cut ties with hedge fund founded by Crispin Odey

Schroders and Canada Life cut ties after 13 women accuse Odey of abuse or harassment over decades, which he denies

The Guardian - UK

Financial watchdog investigating Crispin Odey after sexual assault allegations

Morgan Stanley also cuts ties with Tory donor’s hedge fund over report of alleged incidents, which he denies

The Guardian - UK

Huawei could be banned from 5G networks across the EU

Huawei is opposing the idea, saying it's being discriminated against.

TechRadar

‘Octopus’ Tory donor ‘kissed receptionist on top of the head and tried to fondle her breasts’

Hedge fund boss – said to have hired ‘earls and girls’ – facing allegations of abuse or harassment by 13 women

The Independent UK

Trafigura pays out record $3bn to its top traders after more than doubling profits

Oil and commodities trader has benefited from rise in prices since Russia’s invasion of Ukraine

The Guardian - UK

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news in one place.

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The Week

Has Saudi Arabia lost control of oil prices?

Saudi Arabia has risked divisions within Opec, inflaming tensions with the US and reigniting inflation in Europe, all in a bid to boost flagging oil prices.

The Week

Gary Lubner: Keir Starmer’s new South African mega-donor

A South African car glass tycoon is set to become one of Labour’s biggest donors, after it was revealed Gary Lubner could give as much as £5 million to the party ahead of the next election.

The Guardian - AU

France opposed to opening of Nato liaison office in Japan, official says

Nato statutes ‘clearly limit the scope to North Atlantic’, official says, with reports that president Macron personally objects to the idea

The Week

Sunak-Biden talks: can Rishi revive the ‘special relationship’?

Rishi Sunak and Joe Biden will meet in Washington this week in what is seen as a potential easing of post-Brexit tensions in the so-called “special relationship”.

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news in one place.

100's of premium titles.
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Manchester Evening News

Manchester Evening News joins with Financial Times to give a young person a start in journalism

Fancy working at the Manchester Evening News and the FT?

Fortune

Will traditional finance beat crypto firms at their own game?

The powerhouses of traditional finance are creating new business models for crypto that some think will dethrone the crypto natives.

The Week

How to make money from the self-storage boom

High housing costs and shrinking residential floor space are driving a boom in self-storage.

The Week

Nick Cohen, Phillip Schofield and British media’s own #MeToo reckoning

Sections of the British media have been accused of a “cover-up” following revelations about Phillip Schofield’s conduct at ITV and allegations against newspaper commentator Nick Cohen.

The Week

Trip of the week: on the trail of gods and heroes in Crete

With its glorious mountain landscapes and distinctive archaeological heritage, Crete is a jewel among Mediterranean islands – but it gets crowded in summer. If you go in early spring, however, says Alec Russell in the FT, you’ll find something approaching solitude in these wondrous places; the wildflowers will be out,…

PC Gamer

Stunned Embracer CEO has to deliver financial report right after $2 billion mystery deal falls apart: 'It's been a rough night'

The 'transformative' partnership was supposed to be announced today, but was unexpectedly halted last night.

The Week

Germany’s coalition of chaos

Relations between Germany’s ruling parties plunged to a new low yesterday after the liberals reneged on previously agreed climate legislation, testing the unity of the country’s coalition government.

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