Financial Times

Goldman and Citi tell Paris staff to work from home after thwarted ...

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Goldman told employees in Paris on Thursday they could work from home if they wished to, a person familiar with the matter said, after police and ...



Chelsea FC posts record Premier League loss - Financial Times

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Chelsea expects to report revenues of about £700mn in 2025-26, according to a person close to the club, bolstered by its return to the lucrative Uefa ...



Iran war gives Chinese exporters chance to grab global market share

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“One client told me he is considering shifting some orders from Vietnam and Cambodia back to China,” said the manager, who declined to be named, adding that ...



Iran war exposes split in Donald Trump's base at conservative ...

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A university student from Tampa, Florida, who declined to give his name, dropped a pinto bean in the jar opposing the war, before telling the FT that while ...



The Reform UK youth wing driving the party's reach on campus

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Dylan, 21, a member of York's Reform society who declined to give his last name, boasts about being able to “drop a text” to prominent party figures. Jayden ...



Reform UK's billionaire donor backs disputed Chagos settlement

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... people briefed on the matter. The Foreign, Commonwealth and Development Office has labelled the mission an “illegal, unsafe stunt”. Christopher Harborne ...



SocGen ditches 'shadow' trading floors in favour of work from home

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The revised guidelines allow traders to work remotely for brief periods if its main sites cannot be used, people familiar with the matter told the FT. For ...



Lloyds IT glitch exposed thousands of customer accounts

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... according to a person close to the bank. The MPs' letter also said that some transactions by customers of other banks may also have been visible. Treasury ...



What has happened to Iran's top-tier missiles? - Financial Times

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The attack used several missiles equipped with manoeuvrable warheads, according to a person briefed on the attack. “Tehran may be holding some of its most ...



China reviews $2bn Manus sale to Meta as founders barred from ...

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... with knowledge of the matter. They said Xiao and Ji were questioned on potential violations of foreign direct investment rules related to its onshore ...



Iran's military leaders dismiss Donald Trump's deal claims

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Islamabad had offered to host talks between the warring parties as early as this week, said people briefed on the matter. The US passed its 15-point plan to ...



Danone to buy meal-in-bottle maker Huel in €1bn deal

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... a person close to the company said. Huel's products are made out of a blend of plant-based ingredients, fortified with vitamins and protein. The brand ...



Can David Ellison pull off Hollywood's megamerger? - Financial Times

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A person close to Paramount says the Ellisons are different because they are “owner-operators”, adding: “The Ellison family puts their money where their ...



Nscale's credit history (slightly chipped) - Financial Times

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Neither Nscale nor Sandton would tell us what their holding is, but a person close to Sandton said they are a top-five investor. Given the company now has ...



The politics of cricket in Pakistan - Financial Times

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... according to someone familiar with the conversation. Naqvi's allies counter that he is good for Pakistan's cricketing future. His power, they say, means he ...



Pakistan steps up as go-between in Trump's Iran crisis

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People briefed on the matter said the diplomatic efforts involved very early-stage messaging, rather than a formal process. Sanam Vakil at the Chatham House ...



OpenAI to double workforce as business push intensifies

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The $730bn start-up was aiming to grow to about 8,000 employees from about 4,500 today, according to two people with direct knowledge of the matter. The new ...



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.

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