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Two of the biggest names in British insurance are locked in a takeover tussle that has the potential to redraw the UK market. Aviva, the £13bn UK insurance behemoth whose roots can be traced back to the late 17th century, is pursuing the younger, smaller Direct Line Group: a household name best known for motor
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Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Dale Vince, the green energy tycoon and one of the Labour party’s most generous donors, has confirmed his interest in buying the Observer from Guardian Media Group, offering bosses at the newspaper a potential alternative if
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Giorgia Meloni’s government is examining ways to counter UniCredit’s takeover bid for smaller Italian rival Banco BPM, which has frustrated Rome’s own designs for banking consolidation, according to two people with knowledge of the plans.
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK dealmaking activity accelerated this week with the announcement of four takeover offers worth a total of £5.3bn, underlining the country’s position as Europe’s foremost destination for mergers and acquisitions this year. On Friday, the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s MPs have voted to legalise assisted dying after an emotional and momentous House of Commons debate, heralding one of the biggest social changes the country has seen in decades. The vote to change the
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President-elect Trump has tapped his former chief economist Kevin Hassett to lead the National Economic Council. Hassett helped craft the 2017 Tax Cuts and Jobs Act, which massively redistributed wealth to the richest 1% of Americans including Trump’s family and members of his administration. In 2020, Hassett argued COVID lockdowns should be lifted, predicting zero
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Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
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Billionaire Elon Musk, tasked with slashing government costs by President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector. The comment on the Consumer Financial Protection Bureau (CFPB) followsMusk’srecent appointmentto a government efficiency role, further amplifying the influence of the world’s richest man, who
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Billionaire Elon Musk, tasked with slashing government costs by President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector. The comment on the Consumer Financial Protection Bureau (CFPB) followsMusk’srecent appointmentto a government efficiency role, further amplifying the influence of the world’s richest man, who
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Serena Williams husband and Reddit founder Alexis Ohanian has revealed that he had half his thyroid removed. On Thanksgiving, the father of two, 41, shared an update on his health with fans on social media, saying he underwent preventative surgery after “tracking some suspicious nodules” in the last four years. “The nodules were getting bigger &
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A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court’s original ruling was seen as a test case for the prosecution of banks. It had found an ex-employee of the bank guilty of money-laundering, and Credit Suisse of
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Serena Williams husband and Reddit founder Alexis Ohanian has revealed that he had half his thyroid removed. On Thanksgiving, the father of two, 41, shared an update on his health with fans on social media, saying he underwent preventative surgery after “tracking some suspicious nodules” in the last four years. “The nodules were getting bigger &
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