Author: Press Room

Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.A $111bn investment boutique owned by BNY Mellon is seeking seed capital from investors to enter the multi-manager hedge fund business dominated by the likes of US giants Citadel and Millennium. Mainstream asset manager Newton Investment Management is pitching investors a multi-manager hedge fund with teams trading equities, currencies, commodities, bonds and quant strategies. The talks are still in their early stages and being led by newly appointed deputy chief investment officer for multi-asset, Paul Brain. Multi-manager funds are the fastest-growing part…

© Reuters. FILE PHOTO: The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo (Reuters) -U.S. food company Tyson Foods (NYSE:) has said it was voluntarily recalling approximately 30,000 pounds of frozen, fully cooked dinosaur-shaped chicken “Fun Nuggets” or Dino Chicken Nuggets. A limited number of consumers have reported they found small, pliable metal pieces in the product, and out of an abundance of caution, the company said in a release on Saturday that it was recalling this product. The company said the recall includes Tyson brand fully cooked…

Morsa Images Cannabis sector research firm Zuanic & Associates said it was bullish on Verano (OTCQX:VRNOF), MariMed (OTCQX:MRMD), Planet 13 (OTCQX:PLNH) and Green Thumb Industries (OTCQX:GTBIF), viewing all four stocks as still very viable even if the US government doesn’t legalize marijuana on the federal level in the near-term. The firm said that in the absence of any changes on the federal level, “we would look for stocks that are mispriced vs. peers and have above average EBITDA/shares growth potential.” It added that Verano and MariMed fit that criteria, rating both overweight. Zuanic noted that Verano already has operations in…

The women agreed to meet at a school Ms. Oliver founded three years ago. When the pandemic hit, Ms. Oliver grew frustrated watching wealthy, largely white, parents pay teachers for private learning “pods,” exacerbating inequities. In the fall of 2020, she opened a small “holistic, anti-racist and dual-language” school in a neighborhood that once served as the redlined demarcation for Black and white residents.After a tour of the four-room school, the women sat in an office Ms. Oliver rents from a neighboring church. (Ms. Oliver, when asked about her religion, described herself as secular.) They sat facing each other in…

12-year-old Shanya Gill won a national science competition for her fire detection device.The device works quicker than the average smoke detector by using a thermal camera.Gill said she hopes to use the $25,000 prize to take her device to market. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Last year, sixth grader Shanya Gill and her family were shocked to hear a restaurant behind their house had burned to the ground.”That was really moving for my family because it was something that we had…

Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.The largest US natural gas producer has lambasted a “war on infrastructure” that risks sparking a Europe-style energy crisis in parts of the US, days after the latest delay to a new pipeline fast-tracked for approval by Congress. EQT chief executive Toby Rice told the Financial Times that the US had “oceans of natural gas”, but companies like his in the prolific Appalachian shale region were struggling to add supplies because new pipeline capacity had been blocked. “The industrial world…

© Reuters. Pune-based Bank of Maharashtra (BoM) has led the pack of public sector banks in India with a robust growth in deposits and advances during the second quarter of the current fiscal year. This follows its strong performance in Q1, where it posted about 25% growth. In Q2, BoM’s gross domestic advances rose to Rs 1,83,122 crore ($24.6 billion), marking a significant growth rate of 23.55%. This impressive surge surpassed other public sector banks such as Indian Overseas Bank (20.29%), Central Bank of India (17.26%), and UCO Bank (16.53%). Despite State Bank of India (SBI) having total loans approximately…

House Speaker Mike Johnson, R-La., on Sunday argued it “makes sense” to couple Ukraine aid with funding for the U.S.-Mexico border. “We have to take care of our own border first,” Johnson said during an appearance on “Fox News Sunday.”That was in response to Democratic chairs of leading congressional caucuses who said on Saturday, “Republicans cannot move their extreme, cruel immigration agenda through the regular legislative process, so they’re trying to make an end-run around Congress and exploit two foreign wars to force it into law.” “What this is about is advancing the agenda and first priorities of the American people. I…

A Swedish union is leading strikes against Tesla to secure a collective labor agreement.Tesla, led by the anti-union Musk, has resisted a joint agreement, which is common in Sweden. Now dockworkers are threatening to block all Teslas unless better working conditions are agreed. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Tesla is facing growing strike action in Sweden over its refusal to accept a collective labor agreement.Last week, the Swedish trade union IF Metall announced a walkout, saying that after having no success “over…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Annual revenues generated by music copyright have grown to $41.5bn globally on the back of continued growth in streaming and a post-pandemic resurgence in public licensing in concerts and hospitality.A report by Will Page, a former chief economist at Spotify, analysed revenue streams from various sources and found that they grew by about a sixth in 2022, with record labels and their artists accounting for about two-thirds of this money, a share that has increased from about half in 2014. The growth…