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☆ Are There Eclipse Glasses for the Election? - The New York Times
▼ + stars: | 2024-04-08 | by ( Gail Collins | Bret Stephens | ) www.nytimes.com time to read: +1 min

The economy added just over 300,000 new jobs last month, which gives Joe Biden something to brag about. 1 concern for voters, according to a story in The Wall Street Journal, and in one February poll 65 percent of Americans disapproved of Biden’s handling of the border. Voters are going to have to pay attention, and that’s going to give Biden the election. But you have more faith in the wisdom of the American people than I do. Mencken on the presidency: “As democracy is perfected, the office represents, more and more closely, the inner soul of the people.

Persons: Bret Stephens, Gail, Joe Biden, Gail Collins, Biden, Bret, H.L . Mencken Organizations: Street Journal, Voters, H.L

☆ The Rise of Sports Betting
▼ + stars: | 2024-04-05 | by ( German Lopez | ) www.nytimes.com time to read: 1 min

In the coming days, the country’s best men’s and women’s college basketball teams will clash in the N.C.A.A. For fans, these are some of the biggest events of the year — a chance to see the best young athletes in the highest-stakes games. They are also some of the most lucrative events for sports betting apps. Six years ago, sports betting was illegal under federal law. Commercial sports betting revenue has increased 12-fold since 2019, as this chart by my colleague Ashley Wu shows:

Persons: Ashley Wu Organizations: American Gaming Association

☆ Everybody’s Ejected After an N.H.L. Fight
▼ + stars: | 2023-11-28 | by ( Victor Mather | More About Victor Mather | ) www.nytimes.com time to read: 1 min

Hockey is one of the most physical sports, and referees try to keep it in line by assessing penalties when a push or a trip goes too far. But on Monday night in Ottawa, the officials had enough. After a fight broke out in the third period of a roughly played game between the Florida Panthers and the Ottawa Senators, the officials threw up their hands and kicked every skater on the ice out of the game. Florida was leading by 4-0 when Brady Tkachuk, the Senators captain, came off the bench and got a quick breakaway. The officials at first seemed to get the situation under control, but a punch heated things up again.

Persons: Brady Tkachuk, Dmitry Kulikov Organizations: Florida Panthers, Ottawa Senators, Panthers Locations: Ottawa, Florida

☆ Morning Bid: This Fed's not for turning
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +5 min

The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. That thought was echoed by Cleveland Fed chief Loretta Mester, who said: "I suspect we may well need to raise the fed funds rate once more this year." Either way, this is not the sound of a Fed who thinks the inflation battle is won. Fed hawkishness, however, has kept futures markets pricing a 50-50 chance of another quarter point rate hike to the 5.50-5.75% range by year-end. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jason Reed, Mike Dolan, they've, Michelle Bowman, Loretta Mester, Michael Barr, hawkishness, Raphael Bostic, Susan Fenton Organizations: U.S . Federal, REUTERS, Reserve, Cleveland Fed, Institute, Supply, Bank of Japan, Reserve Bank of Australia, Big Tech, Atlanta Federal Reserve, Treasury, McCormick, PMI, Reuters, Thomson Locations: Washington, U.S

Energy Security Minister Claire Coutinho said that Rosebank would be less emissions-intensive compared with older oil and gas developments because they were designed with mitigations in place. Environmental campaigners had urged the government to halt development of Rosebank, saying it contravened the plan for a net-zero economy. Uplift, a campaign group opposed to Rosebank, said Britain would struggle to benefit from Rosebank as most of the oil would be processed abroad. "By approving Rosebank, Rishi Sunak has confirmed he couldn't care less about climate change," Uplift executive director Tessa Khan said. The North Sea Transition Authority, the UK regulator, said it had taken Rosebank's emissions into account in relation to Britain's climate plan.

Persons: Rishi Sunak, Claire Coutinho, Sunak, Caroline Lucas, Rosebank, Tessa Khan, Sarah Young, William James, Ron Bousso, Kate Holton, Jane Merriman Organizations: Energy, Environmental, Green Party, Labour Party, Ithaca Energy, Ithaca Energy's, Transition, Thomson Locations: Ithaca, Britain, Oslo, Rosebank, Equinor

☆ European retailers risk dressing-down from investors as consumers flinch
▼ + stars: | 2023-09-11 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Reuters GraphicsThe broader STOXX 600 (.STOXX) is up by 7% this year, meaning retailers are outperforming by the most on record. The snag is that this stellar run has been partly built on investors unwinding bearish bets, or short positions, on retail stocks, after last year's pessimism proved overdone. This means retail stocks might not see as many willing buyers as earlier this year. Jones expects retail stocks to fall in the second half of the year. JPMorgan downgraded the grocery retail sector this month and flagged the prospect of price declines going into 2024.

Persons: Inditex, unwinding, Benjamin Jones, Jones, Florian Ielpo, Ielpo, WH Smith, Alexandre Bompard, LSEG, Joice Alves, Amanda Cooper, Tomasz Janowski Organizations: Reuters, Macro, Multi, Management, Carrefour, JPMorgan, Deutsche Bank, Thomson Locations: Zara, bullish, LSEG, Britain

☆ FTSE 100 dragged down by global gloom, Barratt warning
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.5%, FTSE 250 falls 0.4%Sept 6 (Reuters) - UK's FTSE 100 slipped on Wednesday as recent soft economic data from China and Europe continued to weigh on global sentiment, while shares of Barratt Developments fell after the homebuilder warned of a tough housing market environment. The exporter-heavy FTSE 100 index (.FTSE) dropped 0.5% in early trade, while the domestically focussed FTSE 250 index (.FTMC) declined 0.4%. Global markets also extended losses for a second day as faltering growth in China and Europe heightened concerns about global economic momentum. GLOB/MKTSEmerging markets-focused fund manager Ashmore's shares (ASHM.L) fell 4.3% after it reported a 6% drop in annual profit.

Persons: Toby Melville, Barratt, Ashmore's, WH Smith, Siddarth, Sohini Goswami Organizations: London Stock Exchange, REUTERS, Barratt, Global, Thomson Locations: Canary Wharf, London, Britain, China, Europe, Bengaluru

☆ How to Win at Monopoly
▼ + stars: | 2023-08-31 | by ( Deb Amlen | More About Deb Amlen | ) www.nytimes.com time to read: +1 min

When I look back at my child-rearing years, one of the most enduring emotions I felt — besides intense love and sleep deprivation — was absolute dread when my kids brought out the Monopoly set. Monopoly on it, because I immediately realized two things:The game was unlikely to end before their bedtimes, and possibly not within my lifetime. Maybe it’s the human inclination to not only keep up with the Joneses, but to really rub the Jones’s noses in it that brings out the competitive killer in Monopoly players. Either way, the goal of this game, according to the rules, is to win by ending with more money and real estate under your control than your opponents. And by “end,” the instructions mean driving the other players to bankruptcy, which is always a cheery way to wrap up a family get-together.

Persons: —, H.L, Mencken, wife’s, ” Organizations: Monopoly

☆ FTSE 100 drops as inflation remains sticky
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.2%, FTSE 250 off 0.2%Aug 16 (Reuters) - The FTSE 100 index continued its sell-off on Wednesday after data showed that underlying inflation remained high, building a case for more interest rate hikes by the Bank of England (BoE), while Marshalls fell on lower half-year profit. The exporter-heavy FTSE 100 index (.FTSE) fell 0.2% by 0704 GMT, languishing at over one-month lows as the sterling rose 0.14% to $1.2718, right after the data. Annual consumer price inflation cooled to 6.8% in July from June's 7.9%, as the BoE and a Reuters poll of economists had predicted. However, core inflation came in at a hotter-than-expected 6.9% in July, while service rose to 7.4% from 7.2% in June.

Persons: Toby Melville, BoE, Siddarth, Nivedita Organizations: London Stock Exchange Group, City of, REUTERS, Bank of England, Marshalls, Thomson Locations: City, City of London, Britain, June's, Beijing, Bengaluru

☆ Britain's Bellway says new home sales to fall 'materially'
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville/File PhotoAug 9 (Reuters) - Britain's Bellway (BWY.L) said on Wednesday it would build fewer homes this year and warned that it expects sales completions to drop "materially" amid a sharp housing sector slowdown triggered by higher mortgage rates. Bellway said it built 10,945 homes in the fiscal year ended July 31, slightly down from the guidance of 11,000 units. "In the current financial year, given the level of the order book and prevailing low reservation rates, legal completions are expected to decrease materially," it said in a statement. Bellway, whose builds range from one-bedroom apartments to six-bedroom family homes, said its full-year overall reservation rate fell 28.4% to 156 per week, and it also saw a steep fall from 190 units during the Feb. 1-June 4 period. Bellway's mid-cap competitors Crest Nicholson (CRST.L) and Vistry (VTYV.L) have said high mortgage rates were hampering demand from first-time buyers.

Persons: Toby Melville, Bellway, Barratt, Aby Jose Koilparambil, Suban Abdulla, Subhranshu Sahu, Paul Sandle, Alexander Smith Organizations: REUTERS, FTSE, Berkeley, Thomson Locations: London, Britain, Newcastle, England, Bengaluru

☆ Bottler Coca-Cola HBC beats profit estimates, lifts sales outlook
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau/File PhotoAug 9 (Reuters) - Bottler Coca-Cola HBC (CCH.L) beat half-year profit expectations and lifted its annual revenue target on Wednesday, supported by strong sales and higher prices of its drinks. Organic net sales revenue per case expanded by 19.0%, beating analysts' forecast of 17.4% in a poll compiled by the company. It still expects the negative impact from foreign currency exchange on the group's comparable operating profit to be between 50 million and 60 million euros ($55 million and $66 million) this year. HBC reported a comparable operating profit of 560.7 million euros for the six months through June, up 21.2% from a year earlier.

Persons: Regis, Zoran Bogdanovic, Radhika Anilkumar, Milla Nissi Organizations: Carrefour, REUTERS, Cola HBC, HBC, Analysts, Thomson Locations: Montreuil, Paris, France, Switzerland, Nigeria, Bengaluru

☆ UK homebuilders under pressure as lofty mortgages deter first-time buyers
▼ + stars: | 2023-07-24 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +4 min

Midcap firms Bellway (BWY.L) and Crest Nicholson (CRST.L) have also pointed to high mortgage rates hampering demand from first-time buyers. Even a potential revival of the government's 'Help to Buy' scheme, which offered incentives to first-time buyers, will not be enough to improve affordability, analysts have said. Persimmon (PSN.L), one of Britain's biggest homebuilders heavily exposed to first-time buyers compared to its FTSE 100 peers, has offered new customers a "10 months mortgage free" deal. Still, the housing sector faces an uncertain path to recovery, given the ultra-elevated mortgage rate levels. Meanwhile, investors will look out for updates on demand when a couple of high-profile homebuilders report half-year results next month.

Persons: Barratt, BDEV.L, Nicholson, Steve Turner, Bellway, Peel Hunt, Sam Cullen, housebuilders, Cullen, Persimmon, Rob Perrins, Jeremy Hunt, Aynsley Lammin, Aby Jose Koilparambil, Sweta Singh, Saumyadeb Organizations: Berkeley, Reuters, Home Builders Federation, Bank of, Times, Housing, Thomson Locations: Berkeley, England, Wales, Bank of England, Bengaluru

LONDON, July 13 (Reuters) - Britain's largest homebuilder Barratt Developments (BDEV.L) warned it would build far fewer homes this fiscal year as rising mortgage rates and stubborn inflation hit demand, sending its shares down more than 5% in early trading on Thursday. The FTSE 100-listed firm said it expected to build between 13,250 to 14,250 units in the year ending June 30, 2024, down from 17,206 homes the year before. Average two-year fixed mortgage rates hit a 15-year high earlier this week. Julie Palmer, partner at Begbies Traynor, said Thursday's trading update underlined the impact of rising rates on homebuyers, construction firms and other businesses linked to the housing market. High-end housebuilder Berkeley (BKGH.L) last month forecast a 20% drop in house build sales for its current fiscal year.

Persons: Barratt, Julie Palmer, Begbies Traynor, Suban Abdulla, Aby Jose Koilparambil, Sherry Jacob, Phillips, Kate Holton, Elaine Hardcastle Organizations: Thomson Locations: London, Bengaluru

The STOXX 600 (.STOXX) rose 0.1% by 1615 GMT, turning positive midway through the session after data showed the U.S. economy added the fewest jobs in 2-1/2 years in June. However, persistently strong U.S. wage growth pointed to still tight labour market conditions that cemented bets the Fed will resume raising interest rates, later this month. Traders stuck to bets the Fed will raise its benchmark interest rate this month to a 5.25%-5.5% range, but were sceptical of further hikes beyond that. The STOXX 600 fell 3.1% for the week, its worst performance since mid-March. Comments from European Central Bank President Christine Lagarde will be monitored later in the day.

Persons: Candice Tse, Christine Lagarde, Matteo Allievi, Shubham Batra, Shreyashi Sanyal, Ankika Biswas, Janane Venkatraman, Shinjini Ganguli, Barbara Lewis Organizations: Federal, Traders, Goldman Sachs Asset Management, Reuters, Coca Cola HBC AG, European Central Bank, Thomson Locations: U.S, China, Gdansk, Bangalore

☆ London stocks decline at open as rate hike fears persist
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

By 0712 GMT, the blue-chip FTSE 100 (.FTSE) lost 0.6%, while the more domestically-focussed FTSE 250 midcap index (.FTMC) fell 0.3%. Coca Cola HBC AG (CCH.L) jumped 3.6% after the bottler raised its 2023 profit expectation. The pharmaceuticals and biotech (.FTNMX201030) and utilities (.FTUB6510) sectors were amongst the top losers, down 1.1% and 0.9%, respectively. A key reading of U.S. jobs data due later in the day will be eyed to gauge the Federal Reserve's monetary tightening plans after the central bank kept rates steady in its previous decision. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Jefferies, Shashwat Chauhan, Eileen Soreng Organizations: Federal Reserve, Coca Cola HBC, Coca Cola HBC AG, Federal, Thomson Locations: Bengaluru

☆ Prince Harry seeks up to $400,000 in phone-hacking lawsuit
▼ + stars: | 2023-06-30 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

[1/2] Britain's Prince Harry, Duke of Sussex, departs the Rolls Building of the High Court in London, Britain June 7, 2023. REUTERS/Toby Melville/File PhotoLONDON, June 30 (Reuters) - Prince Harry is seeking damages of up to 320,000 pounds ($405,000) from Britain's Mirror Group Newspapers (MGN), court documents released on Friday revealed as the trial of the royal's phone-hacking lawsuit nears its end. MGN, owned by Reach (RCH.L), is fighting the lawsuit and says there is no evidence for the accusations. The publisher argues Harry should receive no more than 37,000 pounds, even if he wins on all 33 articles, according to the documents released on Friday. MGN said Harry should receive a maximum of 500 pounds in damages for that one incident.

Persons: Prince Harry, Duke of Sussex, Toby Melville, MGN, Harry, Green, Sam Tobin, Philippa Fletcher Organizations: Court, REUTERS, Britain's Mirror Group, Daily, Sunday, MGN, Reach, Buckingham, Thomson Locations: London, Britain, Harry's

☆ Harry was 'prime target' for phone-hacking, prince's lawyer tells court
▼ + stars: | 2023-06-28 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

LONDON, June 28 (Reuters) - Prince Harry was a "prime target" for the tabloid press and must have been a victim of phone-hacking, his lawyer told London's High Court on Wednesday as the trial in the British royal's lawsuit against a newspaper publisher nears its end. MGN, owned by Reach (RCH.L), is fighting the lawsuit and says there is no evidence for the accusations. The claimants' lawyer, David Sherborne, told the court on Wednesday that the case against MGN was "inferential", stressing that phone-hacking and other unlawful information gathering was a covert practice. But, he added, the court could find that Harry was a victim of phone-hacking because of the prevalence of the practice at MGN newspapers and the level of press interest in the prince. "The newspapers regarded him as a prime target, perhaps one of the most prime targets, in the sense of royal stories drive newspaper sales," Sherborne said.

Persons: Prince Harry, David Sherborne, MGN, Harry, Sherborne, Andrew Green, Rupert Murdoch's, voicemails, Piers Morgan, Morgan, Duke of Sussex, Green, Sam Tobin, Alex Richardson Organizations: London's, Group, Daily, Sunday, MGN, Reach, Buckingham, Thomson Locations: British

They claim senior editors and executives at MGN knew about and approved of the wrongdoing. MGN, owned by Reach (RCH.L), is fighting the lawsuit, saying there was no evidence for the accusations. The claimants want the judge to rule on whether Morgan and other senior figures were involved in unlawful acts. MGN's failure to call Morgan and other journalists "leaves enormous holes, we say fatal holes, in the defendant's case," he said. At the start of the trial in May, MGN did admit on one occasion a private investigator had been engaged to unlawfully gather evidence about him.

Persons: Prince Harry's, Piers Morgan, David Sherborne, MGN, Morgan, Prince Harry ", Sherborne, Mr Morgan, Duke of Sussex, Duke, Sussex, Michael Holden, Ed Osmond Organizations: Group, Daily, Sunday, MGN, Reach, London's, Thomson Locations: British

☆ UK housebuilder Berkeley flags demand woes despite annual profit jump
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Berkeley Group Holdings (BKGH.L) on Wednesday posted a near-10% jump in annual profit even as the British high-end homebuilder warned of demand concerns and tough market conditions due to elevated levels of interest rates. Berkeleys' update comes at a time strengthening prospects of further Bank of England interest rate hikes have stymied hopes of a strong recovery in the UK housing sector as lenders withdraw or reprice mortgage offerings. CEO Robert Perrins said business continued to see good levels of enquiries, but flagged concerns about the trajectory of interest rate rises. Operating across London, Birmingham and the South of England, Berkeley reported a pre-tax profit for the year ended April 30 of 604 million pounds ($772.5 million), compared with 551.5 million pounds reported a year earlier. The homebuilder had forecast a pre-tax profit of about 600 million pounds.

Persons: homebuilder, Moody's, Robert Perrins, Aby Jose Koilparambil, Suban Abdulla, Sherry Jacob, Phillips, Sohini Organizations: Berkeley Group Holdings, Bank of, Thomson Locations: Bank of England, Berkeley, London, Birmingham, England, Bengaluru

☆ London stocks open lower as inflation data deepens rate hike concerns
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

Pressured by a firm sterling , the export-oriented FTSE 100 (.FTSE) was down 0.5% at 0710 GMT. The FTSE 250 (.FTMC) mid-cap index shed 0.7%. After data showed consumer inflation was unchanged at 8.7% in May, contrary to expectations of a slight fall, traders ramped up their bets of a 50 basis point (bps) BoE rate hike on Thursday from the 25 bps hike anticipated earlier. In a testimony later in the day, Powell is poised to be questioned on the future of rate hikes by the world's most influential central bank. Reporting by Ankika Biswas in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, BoE, Powell, homebuilder, Ankika Biswas, Sonia Cheema Organizations: Bank of England, Federal, FTSE, Berkeley Group Holdings, Thomson Locations: Bengaluru

☆ Vegas Golden Knights Win the Stanley Cup in Just Their Sixth Season
▼ + stars: | 2023-06-13 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

The Vegas Golden Knights, born out of trepidation, tragedy and ultimately triumph, won their first Stanley Cup in just their sixth season, beating the Florida Panthers, 9-3, at T-Mobile Arena in Las Vegas on Tuesday. The Knights, the top seed in the Western Conference, used a high-speed, sharp-elbowed attack to overwhelm the Panthers, the eighth seed in the Eastern Conference, in five games. The Knights were making their second appearance in the finals, the same as the Panthers. (The Oilers played seven seasons in the World Hockey Association before joining the N.H.L.) “This team has been unbelievable since the beginning.”

Persons: “, Jonathan Marchessault, ” Organizations: Vegas Golden Knights, Stanley, Florida Panthers, Mobile, Knights, Western Conference, Panthers, Eastern Conference, Edmonton Oilers, Oilers, World Hockey Association, Vegas ’ Locations: Las Vegas, Vegas

☆ Telegraph’s $750 million price implies vanity contest
▼ + stars: | 2023-06-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG). EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal. Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports. On that basis, TMG’s value including debt would be just over 100 million pounds. Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue.

Persons: Liz Truss, Hannah McKay, Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic Organizations: Sunday Telegraph, British, Conservative Party, REUTERS, Reuters, Britain’s Telegraph Media, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Telegraph Media, Telegraph, Sky News, Thomson Locations: Birmingham, Britain, Bermuda

☆ Telegraph’s $750 mln price implies vanity contest
▼ + stars: | 2023-06-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +3 min

That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG). EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal. Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports. Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue. Follow @pamela_msg on TwitterCONTEXT NEWSReceivers chosen by Lloyds Banking Group could put the Telegraph Media Group up for sale after its Bermuda-based parent company B.UK failed to repay bank loans.

Persons: Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic Organizations: Reuters, Britain’s Telegraph Media, Sunday Telegraph, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Conservative Party, Telegraph Media, Telegraph, Sky News, Thomson Locations: Bermuda

[1/7] Britain's Prince Harry, Duke of Sussex walks outside the Rolls Building of the High Court in London, Britain June 7, 2023. REUTERS/Hannah McKayLONDON, June 7 (Reuters) - Prince Harry said phone-hacking was carried out on an industrial scale across the British press and he would feel a sense of injustice if the High Court in London ruled he had not been a victim. I believe phone-hacking was on an industrial scale across at least three of the papers at the time and that is beyond doubt. In response to Green's suggestion that Harry wanted to have been a victim, the prince replied: "Nobody wants to be phone hacked." As on Tuesday, Harry again appeared relaxed, speaking firmly but softly, as Green quizzed him in detail over 33 newspaper articles whose details Harry claims were obtained unlawfully.

Persons: Prince Harry, Duke of Sussex, Hannah McKay LONDON, Harry, Andrew Green, Green, Rupert Murdoch's, HARRY, Princess Diana, Michael Holden, Bernadette Baum, Alex Richardson Organizations: Court, REUTERS, Mirror Group, Daily, Sunday People, Reach, Buckingham, MGN, Thomson Locations: London, Britain, British

The companies in discussion are largely small- to mid-sized, making them achievable targets, as opposed to firms listed on the FTSE 100. 'DRY POWDER'One of the contributing factors for PE firms' abundance of cash, or "dry powder", is the continued buildup of uninvested capital during the pandemic, according to fund managers. During the first five months of 2023, nine listed firms on the London Stock Exchange were approached by PE firms, exceeding the number of targets in the same time period last year, according to Refinitiv data. Among those out shopping for firms, many seem attracted to these lower valuations of small- and mid-cap firms. Though firms listed on the smaller UK indexes are more domestically focused than their larger counterparts, analysts point out that nearly half of their revenue is from their international presence, making them an even more attractive purchase for PE firms.

Persons: Richard Bullas, Martin, Franklin Templeton, John Wood, Bullas, Moodley, Johann M Cherian, Shounak Dasgupta Organizations: Bank of, Network International Holdings, Hyve, Medica Group, Pharmaceuticals, PE, Martin Currie UK Equity, London Stock Exchange, Apollo, John, John Wood Group, BNP, FTSE, U.S, Thomson Locations: Bank of England, Britain, United States, 10.2x, Europe, U.S, Bengaluru

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