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The Latest Breaking News from FT

CBI frozen out of meetings with other leading UK business lobby groups

Efforts to regain place at intersection of business and government after scandal hampered by refusals to engage

The Guardian - UK

Nadine Dorries wrongly claims Boris Johnson was ‘top of his year’ at university

Dorries said she was quitting ‘with immediate effect’ last Friday after a bust-up with Mr Sunak over Boris Johnson’s resignation honours list

The Independent UK

The ousting of Crispin Odey

After making hundreds of millions of pounds “betting on Brexit” in 2016, Crispin Odey took to the BBC to boast of his accomplishments. “I still think tomorrow they’re gonna take it all away from me,” he said with a laugh. His fears may now be realised, said the Financial Times…

The Week

From analysis to the latest developments in health,
read the most diverse news in one place.

Crispin Odey's hedge fund moves to break itself up after harassment accusations

The scandal-hit hedge fund set up by Crispin Odey is being broken up as it confirmed talks to transfer some of its funds to rival firms amid an…

The National (Scotland)

Mike Ashley's Frasers Group increases stake in AO

The original deal saw Frasers Group acquire a stake of just under 19% in AO for £75m

Birmingham Post

A.I. company raises record $113 million just a month after being founded—despite having no product ready and only just hiring staff

The Paris-based startup wants to build generative A.I. technology like that powering ChatGPT.

Fortune

Keir Starmer’s transformation of the Labour Party

In 2019 the Labour Party faced its worst electoral defeat in over 80 years – now the party could be looking at victory in the next general election.

The Week

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Odey Asset Management gates funds as investors rush to exits after sexual assault allegations

JPMorgan has also reportedly become the last major bank to cut ties with the firm

Evening Standard

Crispin Odey’s name to be removed from hedge fund he founded

Odey Asset Management plans complete rebrand after Tory donor forced out over misconduct claims

The Guardian - UK

A cruise on the mighty Brahmaputra river in India

From its source in Tibet, the Brahmaputra river flows through northeast India to Bangladesh, merging there with its equally mighty sister, the Ganges, and draining into the Bay of Bengal. A cruise along its Indian stretch on the “elegant” 18-cabin river boat Charaidew II is a delight, says Sophy Roberts…

The Week

Mike Ashley's Frasers Group buys £75m stake in AO

The shares had been held by hedge fund Odey Asset Management

Birmingham Post

Crispin Odey brokers review ties over sexual misconduct allegations

Odey Asset Management ‘doesn’t recognise picture of firm painted’ by accusers

The Independent UK

How safe is India’s rail network?

The Indian government’s costly rail modernisation programme is under intense scrutiny after the country’s worst train disaster in decades claimed the lives of at least 275 people and injured more than 1,000.

The Week

Two more major investors cut ties with hedge fund founded by Crispin Odey

Schroders and Canada Life cut ties after 13 women accuse Odey of abuse or harassment over decades, which he denies

The Guardian - UK

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news in one place.

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The Guardian - UK

Financial watchdog investigating Crispin Odey after sexual assault allegations

Morgan Stanley also cuts ties with Tory donor’s hedge fund over report of alleged incidents, which he denies

TechRadar

Huawei could be banned from 5G networks across the EU

Huawei is opposing the idea, saying it's being discriminated against.

The Independent UK

‘Octopus’ Tory donor ‘kissed receptionist on top of the head and tried to fondle her breasts’

Hedge fund boss – said to have hired ‘earls and girls’ – facing allegations of abuse or harassment by 13 women

The Guardian - UK

Trafigura pays out record $3bn to its top traders after more than doubling profits

Oil and commodities trader has benefited from rise in prices since Russia’s invasion of Ukraine

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news in one place.

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The Week

Has Saudi Arabia lost control of oil prices?

Saudi Arabia has risked divisions within Opec, inflaming tensions with the US and reigniting inflation in Europe, all in a bid to boost flagging oil prices.

The Week

Gary Lubner: Keir Starmer’s new South African mega-donor

A South African car glass tycoon is set to become one of Labour’s biggest donors, after it was revealed Gary Lubner could give as much as £5 million to the party ahead of the next election.

The Guardian - AU

France opposed to opening of Nato liaison office in Japan, official says

Nato statutes ‘clearly limit the scope to North Atlantic’, official says, with reports that president Macron personally objects to the idea

The Week

Sunak-Biden talks: can Rishi revive the ‘special relationship’?

Rishi Sunak and Joe Biden will meet in Washington this week in what is seen as a potential easing of post-Brexit tensions in the so-called “special relationship”.

Manchester Evening News

Manchester Evening News joins with Financial Times to give a young person a start in journalism

Fancy working at the Manchester Evening News and the FT?

Fortune

Will traditional finance beat crypto firms at their own game?

The powerhouses of traditional finance are creating new business models for crypto that some think will dethrone the crypto natives.

The Week

How to make money from the self-storage boom

High housing costs and shrinking residential floor space are driving a boom in self-storage.

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