Financial Times

BlackRock to wind down fund that invested in failed car lender Tricolor

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The fund would now focus on the operations and sale of its portfolio companies, said a person briefed on the matter. BlackRock declined to comment. The ...



US presses Israel to let Hamas fighters leave Gaza tunnels

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Israel was close to agreeing a deal earlier this month, said a person familiar with the situation. But politics intervened, with far-right members of Prime ...



Elon Musk celebrates $1tn Tesla pay vote victory

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Musk was more confident of victory this time, according to a person close to the chief executive, because Tesla's move to Texas allowed him and his brother to ...



The UK's rich tap their social circles to borrow millions quickly

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The head of a single family office, who did not want to be named, said: “With real estate there's a big advantage that it's quick and easy to take charge over ...



Sequoia's 'imperial' Roelof Botha pushed out by top lieutenants

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... with knowledge of the matter. The trio of senior partners had the blessing of the wider firm and Doug Leone, Sequoia's former managing partner, said three ...



Backlash leaves diversity executives facing career uncertainty

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“It might not have impacted me yet, but I'm still mourning my career,” says one London-based inclusion executive, who also declined to be named. “It has ...



Think-tank linked to Reform UK says Britain is heading for debt crisis

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A further two bond traders contributed to the report, according to a person close to the CFABB, but did not want to be identified. Dowding said he did not ...



David Lammy under scrutiny over his account of accidental prisoner ...

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... a person familiar with the situation indicated. However, a member of court staff mistakenly recorded on a computer system that he had received a suspended ...



Messina Group seeks to sell stake in lobbying firm co-founded by ...

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... according to a person close to the situation. The move comes in the wake of Mandelson's dismissal in September as the UK's ambassador to the US over fresh ...



Rachel Reeves set to spare UK banks from Budget tax raid

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However, a person close to the Budget process said a “fierce debate” is taking place on whether Reeves should go down that route, with the risk that it ...



Elite bank Coutts increases fees for its least wealthy customers

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More than two-thirds of Coutts customers do not pay the relationship fee, according to a person close to the bank. The fee is based on the combined value of ...



Sudan civil war atrocities cast spotlight on UAE

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An official close to the negotiations in Washington said the SAF had obstructed talks within the Quad, arguing the fall of El Fasher “could have been ...



EU leaders to skip summit in Colombia after Trump sanctions

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... officials briefed on the matter. The cancellations come after Trump accused his Colombian counterpart of being an “illegal drug dealer” and authorised US ...



Commerzbank could leave landmark Frankfurt HQ as it embarks on ...

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Samsung SRA has sounded out project developers about potential upgrades, according to a person familiar with the matter. The company declined to comment on ...



EU set to expand supervision of stock and crypto exchanges

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... people briefed on the matter. The commission will also call for Esma to have the last say on disputes between large asset managers. While not directly in ...



Broadband operator saddled with £1bn debt pile tries to find buyer

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Potential buyers for Gigaclear could include the industry's largest player, CityFibre, according to a person familiar with the matter. Any buyer is likely to ...



Donald Trump-Vladimir Putin Budapest summit axed following ...

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Trump “was not impressed with their position”, said another person familiar with the matter. The decision to scrap the Budapest summit capped a remarkable ...



Aquarian Holdings nears $4bn deal to take US insurer Brighthouse ...

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... people briefed on the matter. Aquarian will pay as much as $70 per share, a 40 per cent premium to Brighthouse's equity price in January when the Financial ...



Cinven's crisis in the UK

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It was “Party 1”, first bidding for Metsera before its listing at the start of the year, according to filings and people briefed on the matter. Then it vied ...



Israeli energy minister stalls $35bn natural gas deal with Egypt

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A person familiar with the situation suggested the dispute centred around the price NewMed is seeking to charge its Israeli customers in ongoing negotiations.



Drone start-up backed by Peter Thiel crashed and burned in armed ...

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... a person familiar with the plan said it was contingent on performance during ongoing trials as well as parliamentary approval. Earlier this month the ...



Top Cinven executives at risk of UK boardroom ban after NHS drug ...

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Only 29 people have been disqualified as directors for breaking competition law, according to a person close to the CMA. The regulator is weighing an ...



How prediction markets evolved into sports gambling behemoths

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Polymarket is in talks with investors to raise money at a valuation between $12bn and $15bn, according to a person close to the company. It was valued ...



How a flashy Utah-based leasing firm lent billions to First Brands

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A person close to Onset said the firm had no formal links to the church and did not draw any funding from Ensign Peak. But Onset's leadership offers some ...



Meta readies $25bn bond sale as soaring AI costs trigger stock sell-off

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... people close to the matter. It comes a day after chief executive Mark Zuckerberg warned that the US tech group would spend even more aggressively as part of ...



Delaware attorney-general warns of legal action if OpenAI fails to act ...

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... people with direct knowledge of the process. OpenAI's chief financial officer, Sarah Friar, worked in parallel to negotiate financial terms directly with ...



German start-ups set for deal on kamikaze drones with Rheinmetall

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... people familiar with the matter. Formal agreements have yet to be signed, but if the contracts are approved by the German parliament's budget committee ...



How OpenAI's $1.5tn deal machine works

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“Sam is the visionary, but Greg and the team under him really pulled [these deals] together,” said a person close to the company. “He's quiet and behind the ...



Kirkland & Ellis trains lawyers on communication style after investor ...

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... people familiar with the matter. This summer the law firm hired Greg Durst, a senior managing director from ILPA, as “senior director of global fund ...



US government and Westinghouse strike $80bn nuclear reactor deal

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... person briefed on the matter. Brookfield chief executive Bruce Flatt was in Japan with Trump and his negotiators, including Lutnick, for the signing, the ...



OpenAI restructuring pushes Microsoft's valuation above $4tn

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“This unblocks any lingering questions about whether we can raise money, and confirms we can partner with whoever we want on the cloud side,” a person close to ...



Afghan refugee arrested after fatal stabbing in north-west London

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A person close to the Met indicated the force was not treating the triple stabbing in Uxbridge as a terrorist incident. It comes days after prison officers ...



Belgium at risk of turning into a 'narco state', judge warns

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... chose to remain anonymous due to threats to their life. Antwerp is one of the flashpoints of drug trafficking into Belgium and wider Europe, as its port is ...



UK agency warned Peter Kyle over £1.5bn JLR loan guarantee

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... with knowledge of the matter. One ally of Kyle said the minister was “proud to take this decisive action”. “Not only was the intervention designed to ...



OpenAI shunned advisers on $1.5tn of deals

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“Sam and Jensen have a long-standing relationship and talk constantly,” said a person close to the deal. “That one was very much them.” Recommended. Business ...



Thames Water paid £20mn to cover KKR's due diligence for abortive ...

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Had KKR completed its rescue of Thames Water, the private equity firm would have covered the costs of its due diligence, according to a person familiar with the ...



Where does the Prince Andrew scandal leave the British monarchy's ...

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The expert, who declined to be named because of the sensitivity of the issue, said that further action might be necessary. “It's a very serious matter for ...



The Trump Supremacy

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Such is the fear of jail, bankruptcy or professional reprisal, that most of these people insisted on anonymity. This was in spite of the fact that many of ...



Cutting cash Isa limit could lead to 60,000 fewer mortgages a year

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Some parts of the City earlier this year called for the allowance to be cut to £5,000, although a person close to the process recently said the Treasury was ...



Germany races to secure US sanctions exemption for Rosneft ...

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... a person with direct knowledge of the matter. Berlin also seized Gazprom Germania, the German subsidiary of Kremlin-controlled gas exporter Gazprom. The ...



Goldman Sachs nears $1bn deal to buy talent agency Excel Sports

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... people briefed on the matter. The agency was formed by sports super agent Jeff Schwartz, who left the talent industry group IMG in 2002 to form a breakaway ...



Blackstone and TPG in $18.3bn deal to take Hologic private

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... people briefed on the matter. Thoma Bravo's over $5bn financing package for Dayforce came at a cost of just 3 percentage points over the secured overnight ...



FirstFT: Islamophobia row at Sequoia Capital

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... with knowledge of the matter. He wrote on X in July that New York mayoral candidate Zohran Mamdani “comes from a culture that lies about everything. It's ...



Nexperia's China unit says staff can ignore orders from Dutch ...

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A Nexperia employee in China, who declined to give her name, said: “We are in great internal disorder right now and the situation is very unclear.” The ...



Donald Trump urged Volodymyr Zelenskyy to accept Putin's terms or ...

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... people familiar with the matter said. They added that the US president tossed aside maps of the front line in Ukraine, insisted Zelenskyy surrender the ...



How our brightest minds get trapped in the City

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The clearest example came from a partner at a white-shoe law firm, who asked to remain anonymous. Let's call him Hunter. Fresh from law school, Hunter ...



Blackstone says Wall Street is complacent about AI disruption

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It has recently decided not to buy some software and call-centre companies seen as vulnerable to AI-related risks, according to people briefed on the matter.



Ex-Builder.ai CFO subpoenaed as US authorities probe its collapse

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Elizondo was not a suspect or target of any investigation and had willingly co-operated, according to a person briefed on the matter. He declined to comment ...



Prince Andrew gives up Duke of York title

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A person close to Buckingham Palace indicated that the king was “glad” about the outcome. The decision means the prince will no longer use the titles which ...



Meet Karel Komárek, the Czech gambling billionaire making a play ...

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The drawn-out legal proceedings have unsettled Komárek, who has become very frustrated by the UK's regulatory system, according to a person close to Allwyn.

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