Financial Times

Drone start-up Helsing set for $18bn valuation as investors pile into ...

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... people familiar with the matter. The plans are at an advanced stage but the timing has not yet been finalised, they added. Helsing's funding round is the ...



Trump sons back $1bn vehicle targeting sectors championed by US ...

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One investor who has backed at least three American Ventures vehicles, who asked to remain anonymous, described how he had been wooed by the values espoused ...



Billionaire James Packer among backers lined up for OnlyFans deal

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... people familiar with the matter. The stake sale, which the FT first reported last month, is set to be announced as early as Friday. The decision to sell a ...



Anthropic weighs deal for near $1tn valuation as revenue surges

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... people with direct knowledge. Existing backers of the company have been requesting allocation in the round despite Rao not formally having kicked off talks ...



Activist Oasis builds its Capita stake to 15% before AGM

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... according to a person familiar with the situation. The timing of the move comes ahead of Capita's full-year results and investor meeting on May 18. Capita's ...



Lloyd's of London debates disclosing findings of probe into ...

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The decision over how much information to release about Freshfields' findings would ultimately sit with Roxburgh, said a person familiar with the matter.



Samsung workers demand bigger slice of surging AI profits

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A person familiar with the situation said Samsung had offered to allocate about 13 per cent of operating profit. The main sticking point is whether the ...



Reform surges in England as nationalist parties triumph in Scotland ...

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The rightwing populist party garnered 32 per cent of votes in the constituency, while the Tories won 29 per cent, according to a person close to Reform.



The leverage layer cake behind HSBC's private credit losses

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... people familiar with the matter. Atlas used those funds to make loans to MFS through an entity known as a special-purpose vehicle, part of a chain of ...



Can Britain's star tech investor dodge the SaaSpocalypse?

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An IPO of Hg's star asset is now unlikely this year, people close to the matter say. The delay has left Hg's investors, advisers and competitors trying to ...



Fortress expands in US legal market with personal injury law firm deal

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... people familiar with the matter. The deal cements Fortress's position as one of the most prominent users of so-called management services organisations ...



Arnault and LVMH go from buyer to seller as luxury's winter drags on

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... people familiar with the matter. The potential deals, which altogether could net LVMH billions of euros to reinvest in its business, would come on top of ...



Private equity firms face reckoning as £31bn broadband push turns ...

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... people familiar with the matter. Macquarie declined to comment. In the most stark case of financial distress in the sector, London-based G.Network was ...



James Murdoch in talks to buy New York Magazine - Financial Times

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He could try to combine the groups into a global media and culture organisation, said a person familiar with the matter. James Murdoch has been estranged ...



Vladimir Putin hunkers down for fear of assassination

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... a person close to European intelligence services. Putin's isolation has increased in recent years, particularly since the Covid-19 pandemic. But as of March ...



How the UK's 'King of Trainers' ran into trouble - Financial Times

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He deliberately had a weak board that wouldn't challenge him,” said a person close to the company. One insider said JD operated on a “Peter knows best ...



Blackstone and Goldman among backers for $1.5bn JV with Anthropic

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... people briefed on the matter. Participants in the JV also include Leonard Green, Apollo Global Management, Sequoia Capital and Singapore's sovereign wealth ...



Blackstone and Goldman among backers for $1.5bn Anthropic JV

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... people briefed on the matter. The new company, which has yet to be named and is expected to be announced on Monday, aims to open commercial markets for ...



Trump administration cites national security to widen clampdown on ...

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... people close to the matter. Wind farms require routine approval from the defence department to ensure they do not interfere with radar systems. This ...



How the $5bn Saudi bet on LIV Golf unravelled - Financial Times

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A person close to the PIF also confirmed that it remained committed to Newcastle United, the English Premier League football club it bought in 2021. “LIV ...



Huawei's AI chip sales surge as Nvidia stalls in China

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... with knowledge of the matter with knowledge of the matter. Jensen Huang applauds while wearing a black ...



Volodymyr Zelenskyy's push for EU membership strains ties with allies

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“Membership is not a gift,” said one of the officials, who declined to be identified, revealing private discussions. “Maybe there's some misunderstanding in ...



Israel rushed laser system to UAE to fend off Iran's missiles

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A person familiar with the matter said additional weapons systems were deployed to the Gulf state, along with more Israeli personnel. “It's not a small ...



Hedge fund Elliott likens Iran war to fight against Nazis

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... people with direct knowledge of the matter. Singer is known for ties to pro-Israel causes, while Elliott's head of public affairs recently co-authored a ...



LIV Golf races to secure financial lifeline as Saudis walk away

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PIF governor Yasir al-Rumayyan, an avid golfer who was instrumental in LIV's formation, will step down as its chair, said two people with direct knowledge of ...



Trump sons take stake in Kazakh miner that won $1.6bn US contract

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... according to a person familiar with the discussion. Cove Kaz, backed by the US government, was competing against Chinese and Russian companies. Details of ...



How OpenAI's $500bn data centre venture Stargate has shifted shape

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A person close to Crusoe said Microsoft was a preferable tenant. “It's a ... The computing capacity from one project in Ohio could eventually go to OpenAI after a ...



SoftBank plans to list new AI and robotics company in the US

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... people familiar with the matter people familiar with the matter, as he rushes ...



Franco-German tank maker launches probe into bribery allegations ...

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The timing of a listing was not under threat, said a second person familiar with the matter. The company was pushing ahead with analyst meetings on ...



CVC pumps cash into Lipton as €4.5bn tea deal comes off the boil

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Two people with direct knowledge of the matter said the quality of Lipton's teas slowly declined under Unilever's ownership, as the consumer goods group ...



Heathrow's third runway at risk if Rachel Reeves is removed after ...

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Losing her as chancellor would “risk” the entire project, a person close to Heathrow said. There is “no way” the airport meets its deadline without the ...



Milken family office alumni raise $4bn to target private capital ...

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Milken is no longer invested in Silver Rock or the firm's investment strategies, according to a person briefed on the matter. The private equity industry ...



Mexico City seeks new rent controls in gentrification wave

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“We are the target of gentrification,” said one tenant who has lived in the building for 10 years and declined to give his name, citing fear of reprisals from ...



CVC weighs €9bn bid for Italian payments group Nexi

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... according to a person close to H&F. Italy's “golden power” rules, which cover strategically important assets including banking infrastructure, give Rome the ...



Small shareholders keep up pressure on UK bank climate policies

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A person close to the NatWest Group's climate strategy told the FT that the bank's credit experts recently identified US liquefied natural gas ...



Chip toolmaker Tokyo Electron cuts ties with executive linked to ...

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Investor materials and people with knowledge of the matter show Chen was a co-founder of Britech Semiconductor Equipment, which develops tools in where ...



Google staff urge chief executive to block US military AI use

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... asked to remain anonymous. “This is not low-risk and theoretical; we are already in these fights. We see AI being used to support authoritarianism in China ...



OpenAI and Microsoft loosen ties in revised AI deal - Financial Times

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... a person familiar with the matter said. Neither company gave specifics on the cap, but one person familiar said it was likely to be an annual arrangement ...



FirstFT: China orders Meta to unwind $2bn acquisition of AI group ...

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What's at stake: A person familiar with the matter said Beijing had told the two companies that the deal must be unwound completely, including returning ...



Hedge fund Jain Global plans to return cash to investors

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Jain has made 0.6 per cent so far this year, according to a person familiar with the figures. Jain hired more than 200 investment professionals globally ...



Blue Owl investors shun cut-price exit offer from Boaz Weinstein

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... people briefed on the matter. The limited interest to sell shares in the fund to Weinstein's firm Saba Capital signals how unwilling investors are to take ...



Fuel crisis hits remote Pacific island nation of Tuvalu - Financial Times

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“It's becoming more expensive to take the boat out, so of course it's a worry for the business,” said one fisherman, who declined to be named, as he cleaned ...



Nigel Farage targets Barnsley, a town transformed by Labour

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The man, who declined to give his name, said he was on licence from prison for “saying something” at the Rotherham riots in the summer of 2024, two miles down ...



Marketing collective The Independents explores $1bn stake sale

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Banijay has an option to convert its minority holding into control of the business, according to the people familiar with the matter. Banijay has until June ...



Donald Trump and the remaking of America's media order

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... according to several people close to him. Harbath sees these moves as commercially motivated. “Their calculus is, sure, Democrats might take over in four ...



KPMG and EY demote partners in end of job-for-life model

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... with knowledge of the matter told the FT. Equity partners have traditionally lost their status only when they leave the firms, often when they reached a ...



AI data centre emissions vastly underestimated, UK admits

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A person close to the DSIT attributed the changes to “routine review”. For the original estimates, the government commissioned McKinsey to provide a 10-year ...



Investors push for higher yield on $14bn of Oracle-backed data ...

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The deal is expected to close next week, according to a person familiar with the deal. “The strength of this financing is a powerful validation of what we ...



Private equity courts OpenAI and Anthropic - Financial Times

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... people briefed on the matter told the FT. AI promises to automate work such as customer service, coding, data entry and rote legal, marketing and financial ...



How Nestlé's pioneering China business fell into disarray

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A person close to the company said the majority of distributor claims have been resolved. After noticing that the number of Chinese distributors was multiplying ...

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