Segro rejects £13.5bn bid by US rival Prologis in latest takeover twist
London-listed group declines third offer in escalating battle
Ryanair profits fall 34% as Middle East war hits ticket and fuel prices
Budget carrier declines to issue full-year guidance and warns it is ‘heavily dependent’ on late bookings
Oil back above $90 as Iran hits tankers
US carries out fresh wave of attacks as the number of American casualties rises
Portfolio construction in the shadow of the AI bubble
Hard choices on all sides
Paris and Berlin set year-end deadline for options to reform EU’s diplomatic arm
Also in this newsletter: EU’s biggest economies call for lighter bank rules
Trump Media’s pitched fee for early access to posts
Plus, St James’s Place adviser exodus and American Photographs at the V&A London
FTAV’s further reading
Viva Espana; stadium design; Andy Burnham; Harvard + Burning Man
FirstFT: Burnham weighs Number 10 overhaul
Also in today’s newsletter: Oil rises above $90 and Morgan Stanley takes AI deal crown
The best of TV and streaming this week
Cat-and-mouse thriller ‘Lucky’, chaotic comedy ‘Ann Droid’ and more. Reviews by Rebecca Nicholson
Transcript: Andy Burnham’s first day
Victoria Craig talks to Lucy Fisher and Aaron Kirchfeld
Arthouse hotel, Glasgow — a city classic reborn, with art at its heart
Key notes | A back-to-history renovation lets this landmark gem shine once more — and brings new momentum to the ‘Cultural and Heritage District’
Training AI models might be the chance for a workplace power play
It is becoming clear that the knowledge they require is currently locked inside employees’ heads
Sinaloa cartel founder set for $15bn forfeiture order and life sentence
‘El Mayo’, who co-founded cartel alongside ‘El Chapo’, is expected to be sentenced to life in prison
UK pension insurers raise exposure to opaque private credit
S&P warns on hard-to-price private assets that make up more than 10% of portfolios at L&G, Standard Life and Just Group
The Five-Star Weekend — Jennifer Garner drama is as sweet and frothy as a gingerbread latte
Secrets and lies are revealed at a New England girls’ weekend in Sky’s eight-parter starring Regina Hall, Chloë Sevigny and more
Burnham urged to use flexibility in fiscal rules to boost investment
Incoming prime minister could mobilise an extra £16bn for infrastructure over remainder of the decade
Burnham must remember the first rule of government
The biggest mistake of all would be to imagine the country enjoys a free fiscal lunch. In fact, it only has hard choices
The man running against Benjamin Netanyahu
Former military chief Gadi Eisenkot is the main opponent to Israel’s divisive prime minister ahead of October election
Iran’s currency tumbles as renewed conflict threatens economy
US blockades ports and targets infrastructure as Donald Trump tries to force Tehran’s hand over Strait of Hormuz
What to expect from Burnham’s ‘crucial’ first 100 days as UK prime minister
Incoming leader promises big changes but he will face many tests during his early months in Downing Street
An odyssey through Metlen’s interconnected solar empire
Because sunlight is the best disinfectant
Chinese helium ban threatens supplies to Europe
Beijing’s export controls cut off a route for Russian flows, adding to pressures after disruption to Qatari production
What has the overhaul of HMRC delivered so far?
Reduction in phone waiting times boosts tax authority but harder test is the digital shift underpinning the overhaul
Coffee drinkers turning to whole beans as prices soar, says Lavazza
Chair of Italian family-owned group says consumers are opting for ‘less but better’