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.