Financial Times

Adani's win against Vedanta in takeover fight leaves shareholders ...

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A person close to the proceedings told me Adani's proposal secured 93 per cent of the votes. Last month, Vedanta challenged the decision with the National ...



Unilever in talks to sell food division to spice and sauce maker ...

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A person briefed on the matter said McCormick would fund the deal with a combination of stock and cash. Unilever shares rose around 1 per cent on Friday ...



World Economic Forum explores trustee shake-up after scandals

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“The board and its composition are not new,” said a person close to the board of trustees. “But if you look at who is a member, and for how long, it is ...



Two arrested after attempt to enter UK nuclear submarine base

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A person familiar with the situation said one of those involved was Iranian, while the other was of unknown nationality. The person said the couple ...



Hedge fund Pharo sues landlord over 'intolerable' building works ...

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... a person familiar with the matter. Even so, Pharo, which has 70 London-based employees, had signed a lease to move its staff to a 22,000-square foot office ...



Iran sets its price to end the war - Financial Times

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... a person close to the regime, diplomats and experts said. All this suggests it is digging in for a protracted war of attrition, they said, and will only ...



Microsoft weighs legal action over $50bn Amazon-OpenAI cloud deal

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“We know our contract,” said a person familiar with Microsoft's position. ... OpenAI believes its plans with Amazon are compatible with its deal with Microsoft, ...



Ukraine peace talks fizzle out as Trump's focus shifts to Iran

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US president no longer focused on pressuring Vladimir Putin, European officials say.



Elon Musk pushes out more xAI founders as AI coding effort falters

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... people with direct knowledge of the matters. One area of focus has been the quality of the data used to train the models, a key reason its coding product ...



US has burned through 'years' of munitions since start of Iran war

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The military is expected to brief Congress on munitions expended in the coming days, a person familiar with the matter said. Two silhouetted ground crew ...



Morgan Stanley and Cliffwater limit private credit withdrawals

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Cliffwater is also in the process of raising $1bn for the fund through the sale of a portfolio of loans, according to people briefed on the matter. One ...



Israel expects Lebanon offensive to outlast Iran conflict

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... a person briefed on the matter, and Lebanese officials saying publicly that they would be open to direct talks with Israel. Israeli tank positioned behind a ...



CVC sports empire signs €3.5bn debt deal after stake sale falters

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Instead, KKR will lend about €1.4bn to GSG using capital from insurer Global Atlantic, according to people with direct knowledge of the matter. About €1bn ...



Farage misses out on Trump meeting as their relationship cools

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... people briefed on the matter. They said Farage had hoped he would be able to catch Trump for a conversation as the US president was scheduled to travel to ...



Goldman pitches hedge funds on strategies to bet against corporate ...

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A person familiar with the matter said Goldman had not executed any of these trades at this point. Goldman said: “As a market-maker, we obviously engage ...



Yvette Cooper defends UK's 'cool-headed approach' on Iran after ...

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... people briefed on the matter. Former Labour prime minister Sir Tony Blair is reported to have joined criticism of Starmer's decision not to join the US ...



Bank of England grills lenders over collapsed mortgage provider MFS

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However, people briefed on the matter said the authority was yet to launch a formal investigation over MFS. “We are constantly monitoring the financial ...



Police return passport to Peter Mandelson and remove bail ...

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... people briefed on the matter. Mandelson's lawyers issued a statement following his arrest saying that claims that he planned to leave the country were ...



Israeli strikes displace hundreds of thousands across Lebanon

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In Beirut, Maria, who asked to be identified only by her first name, spent Thursday night in a white van by a scruffy patch of grass near an underpass in ...



BIS defends its global rulemaking role against US criticism

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People briefed on the matter said US regulators were annoyed at how the Basel committee granted European banks capital relief by agreeing to treat the ...



Loveholidays poised to delay £1bn London IPO after Gulf travel chaos

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German defence technology firm Vincorion is pushing ahead with its investor roadshow for a Frankfurt listing, according to a person close to the company ...



OpenAI makes changes to 'opportunistic and sloppy' Pentagon deal

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Senior figures at the company felt a deal was close, according to a person with direct knowledge of the talks. But negotiations fell apart shortly ...



Trump says US Navy prepared to escort oil tankers in Gulf, Iraq's ...

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Senior administration officials said International Atomic Energy Agency chief Rafael Grossi, who attended the third round of negotiations with Iran, had ...



Inside the plan to kill Ali Khamenei - Israel - Financial Times

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But a person familiar with the matter said that, in private, Trump was “dissatisfied with the Iranian responses”, paving the way for war. A person briefed ...



The former African minister in ICE detention - Financial Times

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“We are worried that Ghanaians will continue to sweeten the deal by taking deported criminals from the US in exchange for Kenneth,” said a person close to him.



DeepSeek to release long-awaited AI model in new challenge to US ...

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... a person with direct knowledge of the plans. Earlier in the week, Anthropic accused DeepSeek and two other Chinese AI labs of “distillation attacks” on its ...



Panic in the Gulf as Iran lashes out at US allies - Financial Times

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Social media posts on Saturday appeared to show the Fairmont hotel being hit by an Iranian drone. An official briefed on the matter later confirmed the hotel's ...



JPMorgan cuts services for Citadel Securities in clash over roles

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... a person familiar with the matter said. JPMorgan co-head of commercial and investment banking Troy Rohrbaugh on Monday told a shareholder event that the ...



Pentagon moves to build AI tools for China cyber operations

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... with knowledge of the matter. “This is a response to what's coming out of China and the lack of guardrails there,” said one person familiar with the ...



How China's universities joined the global elite - Financial Times

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I also have a more abundant supply of PhD students to work on my projects,” says the academic, who declined to be named due to the university's ban on media ...



OpenAI secures up to $110bn in record funding deal - Financial Times

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OpenAI's purchase commitments until 2030 now total about $600bn, according to a person with direct knowledge of the deal. Copyright The Financial Times ...



Trump family's media group weighs plans to spin off Truth Social

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But the token offering did little to bolster TMTG's shares and has left its shareholders frustrated, according to people briefed on the matter. Line chart ...



Collapse of UK property lender sends shockwaves through Wall Street

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There might be a shortfall in collateral backing loans to MFS entities of as much as £930mn, according to two people with direct knowledge of the matter.



German government weighs Berlinale chief's future over Gaza ...

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... person familiar with the matter. At the closing gala of the Berlinale last Sunday, Syrian-Palestinian film director Abdallah al-Khatib accused the German ...



Consultancies prioritise the human touch - Financial Times

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McKinsey is similarly recalibrating its talent strategy: “humanness is core to our mission”, says a person close to the firm. AI will force many to rethink ...



How Blue Owl's battles sparked a chill for private credit

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Blue Owl has over $4bn in insurance to cover any reasonable forecast of losses from natural disasters, said one person briefed on the matter. S&P, which ...



Vanguard reaches settlement with Texas in key case on ESG investing

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... people familiar with the matter. BlackRock and State Street have not reached a settlement and the litigation continues. “We've reached a resolution to put ...



UK investors unable to put crypto products in Isas from April

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... according to someone familiar with its thinking. HMRC said the ruling that crypto ETNs would be limited to innovative finance Isas from the start of the new ...



German MPs cut contracts for kamikaze drones backed by Peter ...

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A person close to Stark said the two companies' systems could not be directly compared and had different performance parameters. Green members of parliament ...



Efune consortium willing to improve offer for Telegraph Media Group

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... people briefed on the matter said. Efune and his consortium partners also stated their bid had greater certainty of completion than DMGT, which already owns ...



PwC clashes with boutique consultancy founded by former executive

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A person close to PwC said that the firm only sent legal letters when it suspected a breach of its partnership agreement. Unity Advisory and Warburg Pincus ...



Deloitte set for UK leadership battle as it shakes up international ...

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Deloitte's partnership council will decide which candidates should be put on the ballot, according to a person with knowledge of the matter. It is not yet ...



Labour battles disaffection in crucial three-way by-election battle

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One shopkeeper in Gorton, who declined to give her name, said none of her customers were intending to vote. “And everybody here used to vote Labour,” she ...



Private equity owners slash valuation of Swiss watchmaker Breitling

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... person familiar with the matter. Partners Group values its holding at roughly 0.7 times, which a person close to the firm said was because it invested at a ...



Axel Springer backs new Telegraph bid from Dovid Efune

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The New York Sun's owner bid is roughly the same total amount but with more cash upfront, according to a person close to the situation. The letter said the ...



Saudi-owned Scopely strikes $1bn deal for Turkish game developer

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That growth has been driven by its homegrown hit Monopoly Go — on which players spent more than $2bn in 2025, according to a person close to the company ...



Mandelson-founded advisory firm Global Counsel to go into ...

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... a person close to
a person close to the company said. Advisory firm Interpath is being ...



Airbus blames engine supplier Pratt & Whitney as it trims output target

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A person close to the engine maker played down the suggestion it was deprioritising Airbus. “The company has to balance the fact that Airbus wants to ...



KKR and backers lose more than €1bn in pandemic-era bet on ...

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KKR would not retain any shareholding, a person close to the firm confirmed. The private equity firm said: “During its ownership, KKR supported a wide ...



Christine Lagarde to leave ECB before the end of her 8-year term

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... a person familiar with her thinking. Europe's top central banker, who joined the Frankfurt-based ECB in November 2019 from the IMF, wants to exit before the ...

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