Thames Water shareholders signal readiness to take £5bn hit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water shareholders signalled their readiness to take an estimated £5bn loss on their investment on Thursday as they ruled out injecting new equity into the troubled group. Amid deepening …

Read more

Bus plunges 50m off bridge into ravine killing 45 people onboard

A bus crash has killed 45 people onboard, with only an eight-year-old girl surviving the horror smash in South Africa. The passengers aboard the bus died with the vehicle they were travelling on plunged 50m from a bridge into a ravine below. According to authorities, the bus drove through a …

Read more

45 Killed After Bus Plunges Into Ravine In South Africa

A passenger bus plunged off a bridge into a ravine in South Africa on Thursday. (Representational) Johannesburg: A passenger bus plunged off a bridge into a ravine in South Africa on Thursday, killing at least 45 people, the transport ministry said. One person was also seriously injured in the crash …

Read more

Everyone’s a Karen these days: Frustrated by inflation and a different shopping experience, consumers are lashing out on service workers more often, poll says

Keeping the customer satisfied is an increasingly difficult task. Service jobs were never a walk in the park, but they’ve since morphed into roles that even Simon and Garfunkel in 80s staches likely couldn’t crack. In part, it’s because the contract between companies and customers has broken, or at least …

Read more

OFG Bancorp executive sells over $840k in company stock

OFG Bancorp (NYSE:)’s Chief Strategy Officer, US, Kumar Ganesh, has recently sold a significant portion of his holdings in the company. The transactions, which took place over two consecutive days, resulted in a total sale value exceeding $840,000. On March 27, 2024, Ganesh sold 15,768 shares of OFG Bancorp common …

Read more

Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after …

Read more

2025 Kia K4 sedan may spawn hatchback sibling in US

Kia used this week’s 2024 New York auto show to introduce the new K4 compact sedan, which will replace the Forte when it arrives in showrooms in the second half of the year as a 2025 model. During the introduction, Kia presented a video that showed a hatchback version of …

Read more