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FT News Briefing

A wave of private equity buyouts in the UK prompts concern

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 8 July 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

Former president Donald Trump is suing Facebook, Twitter and Google’s YouTube, as well as their respective chief executives, in lawsuits alleging “unlawful censorship” of Americans, the new Delta variant of coronavirus is driving up infection rates in countries across the globe, and South Africa’s president has been arrested. Plus, the FT’s private capital correspondent, Kaye Wiggins, explains why private equity firms have been targeting UK companies and how the British public is reacting. 


Trump sues Facebook, YouTube and Twitter over ‘censorship’

https://www.ft.com/content/86c98f3b-7d25-42b9-abf6-68b4b0839c66


Delta variant drives Spain’s Covid-19 rate to highest in mainland Europe

https://www.ft.com/content/06334a7b-30cc-40bf-942b-e3bcd2efb305


LGIM warns against private equity buying Morrisons for ‘wrong reasons’

https://www.ft.com/content/9d1a6019-6571-478c-8b1f-f267bb582f0d


The Rachman Review podcast: South Africa’s pivotal moment

https://www.ft.com/rachman-review


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Good morning from the Financial Times. Today is Thursday, July 8th.

0:03.7

This is your FT News Briefing.

0:08.8

Donald Trump is heading back at social media companies that banned him from their platforms

0:13.0

earlier this year. The new COVID variant is spreading across the globe, but at an uneven impact,

0:18.9

and South African police have arrested former president Jacob Zuma. Plus, private equity firms are

0:24.4

gobbling up UK companies, but many Brits aren't sure they like it.

0:29.0

Private equity used to buy largely just companies that most people haven't heard of,

0:32.7

and that were kind of unloved and unglomerate. But when you start buying big names,

0:36.4

supermarkets, people really need to start to take notice.

0:40.0

A Mark Filipino, and here's the news you need to start your day.

0:49.2

Several social media companies booted Donald Trump from their platforms earlier this year

0:53.6

for his role in the January attack on the US Capitol. In yesterday, Trump said he

0:58.5

would lead class action lawsuits against Facebook, Twitter, and Google, and their CEOs.

1:04.5

His lawsuits allege unlawful censorship of Americans, and accused the company of violating

1:09.2

the First Amendment. They also claim that Section 230 of the Common Decency Act is unconstitutional.

1:15.1

This gives tech platforms immunity from being sued over user-generated content.

1:20.1

The former president wants the court to restore his accounts and impose punitive damages,

1:25.3

Twitter declined to comment. Facebook and Google also did not immediately respond

1:29.8

to a request for comment.

1:36.3

The new Delta variant of coronavirus is spreading rapidly across the globe,

1:41.0

dampening many countries' hopes of putting the pandemic behind them.

1:44.1

Spain, as the highest infection rate in mainland Europe,

...

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