4.4 • 1.2K Ratings
🗓️ 13 April 2021
⏱️ 10 minutes
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Boris Johnson has commissioned an independent inquiry into the lobbying scandal involving David Cameron and Greensill Capital, and the $5bn-valued cyber security technology company, Darktrace, has set out plans to float in London. Plus, the FT’s US sports business correspondent, Sara Germano, explains why US states have suddenly embraced online sports gambling.
UK government to announce independent probe into Cameron and Greensill
https://www.ft.com/content/ade87a61-b1e1-433a-a79f-25fc6b9a0aaf
Mike Lynch-backed Darktrace sets out plans to list in London
https://www.ft.com/content/01c49998-05d2-4ed4-b324-febfaef3a110
‘The market is going bananas’: Governors back online betting to plug black holes in state budgets
https://www.ft.com/content/bb04b14c-e215-4ae8-a655-2bf85fcb73c0?
Virgin Atlantic boss warns on long-term hit to business travel
https://www.ft.com/content/b8766e60-1a20-41ee-871d-6b97dbee71e8
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0:00.0 | Good morning from the Financial Times. Today is Tuesday, April 13th, |
0:03.7 | and this is your FT News briefing. |
0:08.6 | We'll start today with an update on the green cell capital meltdown. |
0:11.8 | The FT is Rob Smith is back to tell us about the widening political fallout, |
0:15.8 | and a big name cyber security technology company plans to float in London. |
0:20.6 | Plus, US states are hoping online sports betting will plug the revenue holes the pandemic has |
0:25.6 | left in their budgets. There are very few things that you can do which will yield $300 |
0:31.2 | million a year in tax revenues, and sports betting, mobile sports betting is one of those things. |
0:37.4 | But will it be enough? A marked Filipino? And here's the news you need to start your day. |
0:48.6 | The ripples continue to widen from the recent collapse of green cell capital. |
0:52.4 | Yesterday, UK Prime Minister Boris Johnson commissioned an independent inquiry into the lobbying |
0:57.3 | activities by former UK Prime Minister David Cameron on behalf of green cell. This came a day |
1:03.2 | after Cameron made his first public comments on the matter. After more than a month of dodging |
1:07.4 | media queries from the FT, Rob Smith is the FT's capital markets correspondent. He's been covering |
1:12.8 | the green cell saga since the beginning. Hey, Rob. Hey, good to be back. |
1:17.4 | Rob, just to get our listeners up to speed here, Johnson has been quick to go after Cameron |
1:22.3 | but what about the current chancellor, Rishi Sunak? Cameron had texted Sunak urging him to give |
1:28.0 | green cell access to a COVID loan scheme. Could this at all affect Sunak? Well, I think it's quite |
1:35.2 | interesting because essentially a lot of the focus has been around David Cameron lobbying around |
1:43.2 | getting green cell on a specific COVID loan scheme. And that was rejected. But the treasury |
1:49.9 | did approve green cell capital for another scheme. So it did have access to government |
1:55.5 | back money to help businesses out of the coronavirus pandemic. And what's really interesting |
... |
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