Hot weather prompts Greggs profit warning

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in UK bakery chain Greggs fell sharply on Wednesday after it warned profits this year may be lower than in 2024 driven by a heatwave that increased demand for cold drinks but reduced overall … Read more

Tech venture firms deploy private equity ‘roll-up’ strategy

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Top venture capital firms are borrowing a strategy from the private equity playbook, pumping money into tech start-ups so they can “roll up” rivals to build a sector-dominating conglomerate. Among those deploying the approach is … Read more

US steps up pursuit of hackers linked to North Korea’s nuclear programme

Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. US authorities are turning the screws on a sprawling criminal network accused of using stolen cryptocurrencies to fund North Korea’s nuclear weapons programme. A group under sanctions linked to North Korea allegedly stole about $620mn … Read more