Financial Times battles misinformation and rising costs as readership drops Business The number of people picking up a physical copy of the Financial Times has dropped amid the title battling rising costs – including hiring more journalists. The broadsheet said its operating profit fell by £4.56m year on year, from £13.41m to £8.95m, in newly-filed accounts with Companies House. The dip was “in part the result [...]
Thames Water creditors in funding drive to dodge special administration Politics A group of Thames Water’s creditors are devising backup plans for a renewed injection of cash in a bid to prevent the firm from being effectively renationalised. The UK’s biggest water company is struggling under an £18.7bn debt crisis, and is in talks with lenders to provide it with fresh funding. The floundering utility firm [...]
Blackrock: Biggest asset manager takes first step into financial data with £2.55bn Preqin deal BUSINESS Blackrock has agreed to buy financial data group Preqin for £2.55bn in cash, as the biggest asset manager in the world makes its first venture into financial information provision.
Crispin Odey files defamation lawsuit against the Financial Times May 30, 2024 Crispin Odey has launched legal proceedings against the FT according to court filings.
Financial Times announced as latest publication to ink deal with OpenAI April 29, 2024 OpenAI is reportedly offering news organisations as much as $5m per year to license their copyrighted content to train its AI models.
Media giants wading into startup investing is a sign of things to come April 10, 2024 As traditional advertising revenues decline or come under threat, Jess Jones explains why more major media groups are pivoting towards the world of start up investing
AUKUS: UK, US and Australia to launch talks expanding defence pact April 7, 2024 The UK, US and Australia are set to hold talks on new members joining the AUKUS defence and security pact, according to reports.
Rayner: Fear over Labour workers’ rights plans like ‘squealing’ over minimum wage April 1, 2024 Angela Rayner has said fears over her workers’ rights plans is similar to the “squealing” over the minimum wage law brought in by the party in 1999.
Labour plans to scrap hereditary peers… but they’ll be able to keep some perks April 1, 2024 Labour is reportedly planning to scrap all hereditary peers in the House of Lords in its first term in office.
Rachel Reeves denies plagiarism in new book October 26, 2023 Shadow chancellor Rachel Reeves has denied accusations of plagiarism in her new book on women in economics.