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WPP sets out AI strategy and raises financial targets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. WPP, the London-listed advertising group, has upgraded its medium-term financial targets on the back of cost-cutting measures as it sets out plans to spend £250mn this year on technology focused on artificial intelligence. In a…
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30 January 2024 0

Beware the private capital climate-fund gold rush

Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. Nate Berner and Paul Augustine are managing partners of Bering Advisors One of the most eye-catching outcomes of last month’s COP 28 was the UAE’s announcement of Altérra, a $30bn commitment to fund various climate-related…
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30 January 2024 0

The Magnificent 7 value trade

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Armstrong here, back after a week in California. I can report that Los Angeles in January is a lot more pleasant than New York in January, and that the…
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30 January 2024 0

Biden factors domestic energy costs into decision to pause LNG permits

Climate campaigners rejoiced last week when US President Joe Biden froze approvals for new liquefied natural gas terminals that export the fuel. But the White House hopes the “pause” in LNG permits will win it political kudos with a much bigger group: US consumers worried about the price of heating and electricity.  “We will take…
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30 January 2024 0

Delivery Hero to sell stake in Deliveroo as demand for food dispatch wanes

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Delivery Hero is selling its stake in fellow online food dispatch group Deliveroo, as the sector comes down from the highs of the pandemic-boom of consumer demand for takeaways. The Berlin-based group on Monday said…
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29 January 2024 0

Amazon scraps $1.45bn iRobot purchase over EU’s threat to block deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon has scrapped its $1.45bn acquisition of Roomba maker iRobot as EU regulators prepared to block the transaction over competition concerns, the US tech giant said on Monday. “We’re disappointed that Amazon’s acquisition of iRobot…
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29 January 2024 0

How to make green incentives pay

This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Hello from Miami. I’m here at the iConnections Global Alts conference to moderate a…
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29 January 2024 0

Why the EU’s climate chief says the green agenda must endure

Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Good morning. An explosive scoop to start:…
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29 January 2024 0