Financial Times - Aug 26
Aug 26 (Reuters) -The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- UK 'altnets' raise fresh funding as finance deals heat up
- Start-up incubator Y Combinator backs its first weapons firm
- UK's Unite gives more than 500,000 pounds to Labour MPs but shuns party HQ over Starmer
- Toscafund’s retreat from focus on financials marks end of an era
Overview
- Alternative network providers Fibrus and Community Fibre have secured new debt financing as part of a flurry of funding deals in the sector, as small players race to roll out full fibre to challenge incumbents BT BT.L and Virgin Media O2.
- Y Combinator, the San Francisco start-up incubator that launched Airbnb, Reddit, Stripe and Coinbase, is backing a weapons company for the first time, entering a sector it has previously shunned.
- Unite, the union, has given more than half a million pounds to 88, mostly left-leaning, Labour MPs after deliberately cutting funding to the party headquarters following Sir Keir Starmer’s shift to the centre ground.
- Toscafund, one of London's leading investment firms, is undergoing a restructuring and retreating from its two-decade focus on financials after the departure this year of ex-Tiger hedge fund manager Johnny de la Hey.
(Compiled by Bengaluru newsroom)
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