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Hargreaves Lansdown says it will accept private equity buyout offer

British investment fund supermarket Hargreaves Lansdown has said it will accept a proposed offer from a trio of private equity investors, meaning another of the UK’s biggest companies will leave the FTSE 100 index.In a stock market filing on Tuesday, the company said that the US private equity firm CVC, Denmark’s Nordic Capital and a subsidiary of the Abu Dhabi Investment Authority (ADIA) had made an offer worth £11.40 a share in cash.It was the fourth proposed offer in recent months, Hargreaves Lansdown said. The first, revealed in May, was worth £9

June182024
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Workers at Premier Inn owner protest at AGM against plans to cut 1,500 jobs

Workers demonstrated at Premier Inn owner Whitbread’s annual shareholder meeting on Tuesday over plans to cut 1,500 jobs amid rising profits.The employees of restaurants including Brewers Fayre, Table Table and Beefeater protested outside the company’s investor meeting in Dunstable, Bedfordshire on Tuesday and union activists asked about the job cuts and pay inside the meeting.The Unite union has written to Whitbread saying it was considering launching employment tribunal claims for unfair dismissal over the cuts.The union, which is not formally recognised by Whitbread but says it represents hundreds of the people who may lose their jobs, claims that a statutory 45-day consultation with those affected, which kicked off in late April, has not been conducted in a “genuine or meaningful way”.It says there is no evidence that Whitbread has considered alternatives to redundancy despite the company reporting a 36% rise in underlying profit to £561m

June182024
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Deepfake video of Nigel Farage playing Minecraft ‘of course’ not real, party says

The video is clear: Nigel Farage, appearing on screen as a gaming livestreamer, is commentating as he plays Minecraft. The Reform UK party leader explains that he has logged on to Rishi Sunak’s server, tracked down the prime minister’s virtual home in the video game, and intends to blow it up.Farage’s distinctive voice can be heard as he explains what he’s about to do: “I filled it to the brim with TNT. And for everyone’s information there were absolutely no traces of Sky TV services in or around the house.”A mildly exasperated spokesperson for Farage confirmed that the video was “of course” not real and the Reform party leader had not been spending the campaign livestreaming Minecraft commentary

June182024
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‘Encryption is deeply threatening to power’: Meredith Whittaker of messaging app Signal

The woman in charge of the secure communication channel remains implacably opposed to the ‘disease’ of surveillance – and concerned about the sharing of personal dataMeredith Whittaker practises what she preaches. As the president of the Signal Foundation, she’s a strident voice backing privacy for all. But she doesn’t just spout ­hollow words.In 2018, she burst into public view as one of the organisers of the Google walkouts, mobilising 20,000 employees of the search giant in a twin protest over the company’s support for state surveillance and failings over sexual misconduct.Even now, after half a decade in the public eye, with ­congressional testimonies, university professorships and federal agency advisory roles under her belt, Whittaker is still firmly privacy-conscious

June182024
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No Brownlee brothers in GB triathlon squad as Olympic lineup is announced

Team GB will not feature a Brownlee brother in the triathlon squad for the first time at an Olympics since 2004, as the final lineup was announced for the Paris Games.Jonny Brownlee, who was part of the team that won mixed relay gold in Tokyo three years ago, has not been included despite placing third at a European Cup event in Kielce, Poland this month. His older brother, Alistair, who won gold at London 2012 and in Rio four years later, is now 36 and recently finished 14th in a Triathlon World Tour event in San Francisco.Selectors have opted to give a men’s place to Samuel Dickinson, who won the Kielce event. Dickinson also finished fourth at the world championships in London in April

June182024
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‘Bow before the KING’: did gay icon Grimace save the Mets’ season?

The team from Flushing were enduring a long slump until the McDonald’s mascot popped up at a game. They have been on a hot streak sinceThe New York Mets were in disarray. The club with Major League Baseball’s largest payroll, $308m, had started the season 29-37. They were primed for a second-straight year of rebuilding despite their massive outlay on talent. Less than a month earlier, on 15 May, hedge fund magnate and team owner Steve Cohen all but admitted in a since deleted tweet that the club would be selling off assets at the July trade deadline

June182024