Starting with a London corner shop in 1963, Sir Anwar Pervez built Bestway into one of Britain’s largest wholesaling business. That underpins the expectation that some industrial logic lies behind the family-owned company’s surprise acquisition of a £200mn holding in Sainsbury’s on Friday. Announcing the…

Dear reader, This week, FT readers may have learnt more about German and US motorised armoured weaponry for use in Ukraine than they care to know. But Lex has noted that a different sort of tank has returned, parking on and churning up the front…

Goldman Sachs paid chief executive David Solomon $25mn for his work in 2022, down almost 30 per cent during a year in which the Wall Street bank reported a 50 per cent drop in profits, cut jobs and slashed employee bonuses. In a regulatory filing…

A flat above a fried chicken shop in Notting Hill is an odd place to be at the heart of what has been called “one of the most important legal questions” of the 21st century. It is the registered office of Stability AI, an artificial…

Salesforce appointed three new directors to its board on Friday as the software giant seeks to fend off criticism from activist investors and turn round a business being hit hard by the broader tech downturn. The San Francisco-based group has appointed Arnold Donald, former chief…

The advent of human-sounding robots really exposes robot-sounding humans. No machine could sound as devoid of human feeling as the Amazon memo sent at the start of the year entitled: “Update from CEO Andy Jassy on role eliminations”. After taking a sideswipe at “one of…