Author: Admins
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Frasers Group makes £83mn offer for Mulberry
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mike Ashley’s Frasers Group has made a conditional offer for Mulberry, valuing the UK luxury brand at £83mn, after a “wholly unsatisfactory” response to an initial approach at the weekend. Frasers, which owns about 37…
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Marine Le Pen on trial over EU expenses scandal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French far-right leader Marine Le Pen went on trial on Monday for allegedly embezzling EU funds, in a politically charged case that could lead to fines and a ban from elected office. Prosecutors accuse the…
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Rupert Murdoch’s REA abandons pursuit of Rightmove
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. REA, the Australian property platform controlled by Rupert Murdoch’s News Corp, has abandoned its pursuit of the UK’s biggest listing website Rightmove, after its latest £6.2bn bid was rebuffed. Rightmove’s shares were down by about…
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German inflation drops below 2% for first time since early 2021
Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox. Inflation in Germany has fallen below the European Central Bank’s crucial 2 per cent target for the first time in more than three and a half years, increasing the chances of another rate cut at…
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Jenrick warns UK must ‘get migration done’ before solving wider issues
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Conservative leadership frontrunner Robert Jenrick has declared the UK must “get migration done”, warning the country cannot move on to discuss other pressing issues such as the economy, health or education until this “running sore”…
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CME expands lithium futures battle with LME as battery demand soars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CME Group has launched contracts that track the price of the raw material for lithium batteries, stepping up its rivalry with the London Metal Exchange for dominance of the global market for battery metals. The…
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Simon Case steps down as UK cabinet secretary
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Simon Case, the UK’s most senior civil servant, has announced he is stepping down as cabinet secretary at the end of the year as he receives treatment for a “neurological condition”. Case’s job was immediately…
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Brian Williams may anchor election night on Amazon Prime Video
Brian Williams, who used to be the lead news anchor for NBC, has been a regular presence on the network’s election night coverage for three decades, but the 2024 election might find him somewhere new. Williams is reportedly close to a deal to host an election night special on Amazon, according to a report from…
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USTA worried about looming pickleball threat
Even as the U.S. Open opened this week with more than a million fans expected for the sport’s biggest showcase, the game’s leaders are being forced to confront a devastating fact — the nation’s fastest-growing racket sport (or sport of any kind) is not tennis but pickleball, which has seen participation boom 223% in the past three years.…
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These Americans bought investment properties abroad—for better or worse
For Ashley and Dario Campolattaro, there’s no beating the charm of Tuscany. The Campolattaros’ primary residence is in Northern Virginia, but they travel frequently to Italy to visit Dario’s family, and have long dreamed of buying a home there to make the trips easier and open doors in Europe for their three sons. The pace…