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The Latest Breaking News from TCI

“These things work for me and I am finding out a lot of other guitar players like ‘em too”: Paul Reed Smith loved his Charcoal Phoenix so much that PRS has released this rare bird in strictly limited numbers

This collectible stunner was inspired by the John McLaughlin Private Stock signature model and has been thoroughly road-tested by the PRS Guitars founder

MusicRadar

PM must face questions about hedge fund at heart of financial crash, says Labour

Keir Starmer aims to turn spotlight on Sunak’s career before politics in lead up to first general election TV debate

The Guardian - UK

From a simple idea, The Creator Incubator has created a special hub

'It was important to have that open studio kind of feel.'

Newcastle Herald

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UK to send specialist assistance to Turks and Caicos after surge in fatal shootings

It is the second time in less than two years the Caribbean archipelago is seeing escalating violence, attributed to warring drug gangs

The Guardian - US

Top hedge funds make record $67bn in profits for 2023

Profits boom at top 20 funds including TCI, Citadel, Viking and Pershing Square thanks to rebound in stock markets

The Guardian - UK

With higher fees and more ads, streaming services like Netflix, Disney+ and Hulu are cashing in by using the old tactics of cable TV

There’s one thing that television viewers can count on in 2024: higher fees and more commercials.

The Conversation

Hedge fund billionaire Sir Chris Hohn paid himself £276m in 2023

Payout from TCI, where Rishi Sunak once worked, amounts to more than £1m for every working day

The Guardian - UK

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Disney Dumps Metaverse Aspirations. That Was an Easy Decision

The first of Disney’s 7,000 job cuts have begun to happen. One of the decisions was to eliminate approximately 50 jobs from its metaverse-driven next-generation storytelling unit. The move makes abundant sense. Here’s why.

Barchart

Rishi Sunak's old hedge fund boss wants Alphabet to lay off more staff and slash pay

Alphabet is already planning to reduce its workforce by around 6%, but the U.K. Prime Minister's old boss at TCI Fund Management wants Sundar Pichai to go further.

Fortune

Painful and invasive racing greyhound breeding technique should be banned, vets say

‘Horrific’ technique which involves removing the uterus is unnecessary and outdated, animal welfare activists say

The Guardian - AU

1 Real Estate Stock to Put on Your Watchlist This Winter

The slowing pace of interest rate hikes should benefit real estate companies in 2023. Real estate investment company Transcontinental Realty Investors (TCI) looks well-positioned to benefit from the backdrop. Hence, this stock might be a solid addition to your watchlist now. Read on….

StockNews.com

Turks and Caicos under strain after 275 Haitian migrants recently detained

Governor says resources are stretched after three overloaded boats were intercepted between 23 December and 2 January

The Guardian - US

Investigation into killing of Briton in Turks and Caicos boosted by UK

Denise Buck was killed in the self-governing territory, which has become a drugs trade battleground, in January

The Guardian - UK

Hedge fund manager at Rishi Sunak’s old workplace paid himself $1.9 million a day this year

His fund holds stakes in some of the world’s biggest companies.

Fortune

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The Guardian - UK

Hedge fund billionaire Sir Chris Hohn paid himself ‘£1.5m a day this year’

The £574m payout is thought to be highest annual amount ever paid to one person in Britain

The Guardian - UK

Major investor calls on Google owner to ‘aggressively’ cut staff and pay

Hedge fund owned by Christopher Hohn urges Alphabet to emulate cost-cutting measures of Silicon Valley rivals

Asharq Al-Awsat

AD Ports Completes Acquisition of Majority Stake in Transmar, Transcargo International

Abu Dhabi Ports Group said on Wednesday it completed the acquisition of a 70 percent equity stake in Egypt’s Transmar International Shipping Company (Transmar) and Transcargo International (TCI), with a total value of the deal amounting to $140 million. The acquisition of the two Egypt-based maritime companies is the first…

The Hindu

TCI, ICRISAT to improve database

Open-access platform database to feature additional variables related to nutrition, food security and sustainable agriculture in India

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Asharq Al-Awsat

Abu Dhabi Ports Group Acquires 70% Equity Stake in Egypt’s Transmar, Transcargo

Abu Dhabi Ports Group announced Friday reaching an agreement to acquire a 70% equity stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International (TCI). The total purchase consideration (Enterprise Value) of this transaction amounts to AED514 million ($140…

Benzinga

This Day In Market History: AT&T Buys TCI For $31B

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1998, AT&T Inc. (NYSE: T) announced a $31.7-billion buyout of Tele-Communications.

The Guardian - UK

Sir Chris Hohn urges shareholders to vote against ‘greenwashing’ bank directors

Call comes as thinktank says the world’s 30 largest financial institutions are undermining their net zero targets

The Guardian - UK

Extinction Rebellion donor leads world’s top-performing hedge fund

Chris Hohn’s TCI fund, known as one of the most aggressive activist investors, made a 23% gain in 2021

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