The boss of the UK biotech seen as a beacon of hope for the London IPO market only four years ago has admitted the business has become a takeover target. Oxford Nanopore’s chief executive and co-founder Gordon Sanghera told the Financial Times that the gene sequencing company, whose shares have fallen 85 per cent from … Read more
Assaf Rappaport sought to reassure employees at his cyber security start-up Wiz last summer after walking away from a potential $23bn acquisition by Google’s parent company Alphabet. “We are going to go so big, we are going to make so much money in the future that you won’t regret it.” That was the message from … Read more
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia’s market capitalisation of roughly $3tn has occasionally made it the biggest company in the world. Founder Jensen Huang, a man rarely short of self-confidence, hinted this week at plans that could make it even … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For Tesla, the pursuit of market dominance and shareholder value has, until recently, served the company well. The US company dominated the electric vehicle industry and has long been synonymous with innovation, propelled in part … Read more
One thing to start: London’s Heathrow airport has been forced to close until midnight after a fire at a nearby electricity substation caused a “significant power outage”. And another thing: Alimentation Couche-Tard and Seven & i expect concrete negotiations with private equity firms to start within weeks on the carve-out of thousands of stores in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer should not cave in to Donald Trump’s “bullying” by lowering the UK’s Digital Services Tax, the leader of the Liberal Democrats has warned, arguing the US president is “an unreliable ally”. Sir … Read more
Few projects capture the scale of Beijing’s ambitions for managing the country’s water resources better than its planned hydropower dam in the lower reaches of Tibet’s Yarlung Tsangpo river. Once completed, it will dwarf anything that has come before. Quietly approved on Christmas Day, the controversial proposal will exploit the river’s “Great Bend”, where it … Read more
As firefighters in Los Angeles finally contained the flames from the devastating fires in January, the Trump administration made the curious decision to order the sudden release of billions of gallons of fresh water from two dams about 360km north of the city. US President Donald Trump had blamed firefighters’ struggles to contain the fires … Read more
