RedBird Capital Partners to acquire The Telegraph, ending ownership battle
The Telegraph is about to be sold to a transatlantic consortium led by RedBird Capital Partners for £500 million, ending two years of uncertainty over its ownership.
RedBird Capital's founder Gerry Cardinale has signed an agreement in principle to acquire control of The Telegraph from the investment vehicle RedBird IMI, which is majority backed by the United Arab Emirates.
RedBird IMI was blocked by the government from taking full ownership of The Telegraph last year after parliamentary concerns over press freedom.
RedBird Capital is expected to be joined in its ownership of the Telegraph by other British media investors.
Lord Rothermere, owner of Daily Mail publisher DMGT, is understood to be in talks with Cardinale over taking a stake in the business of just shy
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Guardian
6 minutes ago
- The Guardian
Foreign Office staff told to consider resigning after challenging UK policy on Gaza
More than 300 Foreign Office staff have been told to consider resigning after they wrote a letter complaining they feared it had become complicit in Israel's alleged war crimes in Gaza. It is the fourth such internal letter from staff about the offensive in Gaza, which started in October 2023 in response to Hamas's deadly attack on Israel. In their letter of 16 May the staff, from embassies around the world and at various levels of seniority, questioned the UK's continued arms sales and what they called Israel's 'stark … disregard for international law'. The Foreign Office said it had systems for staff to raise concerns and added the government had 'rigorously applied international law' in relation to the war in Gaza. The reply to the letter was sent by the permanent under-secretary, Oliver Robbins, and Nick Dyer, the second most senior civil servant in the Foreign Office. They told the signatories: '[I]f your disagreement with any aspect of government policy or action is profound, your ultimate recourse is to resign from the civil service. This is an honourable course.' The reply did not address the substantive complaints by staff. The letter, first reported by the BBC, said: 'In July 2024, staff expressed concern about Israel's violations of international humanitarian law and potential UK government complicity. In the intervening period, the reality of Israel's disregard for international law has become more stark.' It went on to list the killing by Israeli forces of 15 humanitarian workers in March and Israel's suspension of all aid to Gaza in the same month 'leading many experts and humanitarian organisations to accuse Israel of using starvation as a weapon of war'. It said the UK government's position had contributed to 'the erosion of global norms', citing continued weapons exports and the visit to London in April by Israel's foreign minister, Gideon Sa'ar, 'despite concerns about violations of international law'. The Foreign Office described Sa'ar's visit as private, even though he met the foreign secretary, David Lammy. The staff letter added that 'supported by the Trump administration, the Israeli government has made explicit plans for the forcible transfer of Gaza's population'. In response, Robbins and Dyer said the department welcomed 'healthy challenge' as part of the policymaking process and had already set up a 'bespoke Challenge Board' and regular listening sessions with employees to hear concerns in this policy area. They wrote that staff were entitled to their personal views, but added it 'might be helpful' to 'remind' them of mechanisms available to those uncomfortable with policy. It went on to list a series of ways staff could raise issues, before adding that resignation was an 'ultimate recourse' and 'honourable course' for those with profound disagreements over government policy. '[T]he bargain at the heart of the British civil service is that we sign up to deliver the policies of the government of the day wholeheartedly, within the limits imposed by the law and the civil service code,' it said. The UK government's position is that Israel is 'at risk' of breaching humanitarian law, the threshold for barring arms exports, but says it is for international courts to determine if breaches of international law have occurred, which will not be fully determined for many years. Senior foreign office ministers are due to be challenged in the business select committee over why the government is continuing to sell parts and components to the F-35 programme without placing a condition that the parts are not sent on to Israel. The UK is not selling directly to Israel, and claims it has no option but to supply the parts or see the whole F-35 programme grind to a halt, affecting Nato operations defending Europe. The carve-out of F-35s from the ban on UK arms being sold to Israel, imposed in September, is being tested in the high court by the NGOs Global Legal Action Network and Al-Haq. The Foreign Office in its court submissions, likely to be the subject of cross-examination by the business committee, said it had determined Israel was not committing a genocide in Gaza, which appears to contradict the stance that only the UK courts can make such a ruling. It also said it could not take a position on specific attacks by Israel since it did not have definitive evidence. In September, Lammy announced the suspension of about 30 arms exports licences to Israel, and said the remaining licences were not relevant to the war in Gaza – although the government admits some of the licences allow exports to the Israel Defence Forces. Israel has consistently denied committing war crimes in Gaza, saying its actions are proportionate and necessary to eradicate Hamas, which it says uses hospitals and school premises to protect itself. The former Labour leader Jeremy Corbyn has gathered the names of 50 MPs backing his call for an independent public inquiry into UK involvement in military operations in Gaza. Corbyn has been among MPs pressing ministers to explain why RAF jets from the UK base in Akrotiri in Cyprus fly regularly over Gaza. More than 300 surveillance flights have been recorded, allegedly in search of Hamas-held hostages. Questions are also being asked if Israel acted lawfully by intercepting the ship Madleen in international waters, containing Greta Thunberg and 11 other campaigners seeking to highlight the blockade of food into Gaza. The Freedom Flotilla Coalition , the group operating the UK-flagged Madleen, said all 12 campaigners were 'being processed and transferred into the custody of Israeli authorities'. The Foreign Office has not commented.
The Sun
10 minutes ago
- The Sun
Virgin Media is giving away FREE Apple gadget worth £439 – but there's only one day left to claim
VIRGIN Media is offering new customers a free Apple gadget worth £439 if they sign up in the next 24hours. The network provider is handing out space grey 9th Gen iPads with 64GB worth of storage when they sign onto an 18-month MegaVolt package. But there's only one day left to claim while stocks last, as Virgin Media plans to wind down the offer on 11 June. For £88.99 per month, consumers can sign onto the MegaVolt package, which offers both telly and broadband perks. You can even get access to Netflix standard with ads, Sky Sports HD and Sky Cinema HD - plus another subscription service of your choosing for six months. Here's a breakdown of what the MegaVolt package includes: 1130Mbps speed broadband Wi-Fi guarantee of 30Mbps in every room or £100 back More than 240 TV channels and subscription services - including Netflix standard with ads, Sky Sports HD and Sky Cinema HD A 250GB O2 SIM with up to 25GB of data roaming A Hub 5 router and customers can choose a subscription service (Disney+, McAffee, Amazon Prime Video or Audible) for 6 months at no extra cost. Virgin Media began the offer in March. The network provider has a track record of throwing in high-value tech freebies with its broadband and TV packages. Customers that refer a friend or family member to Virgin Media or VMO2 can pocket a £70 referral fee - a £20 boost on the standard £50 referral. This covers both broadband and phone contracts. You're throwing away money on Netflix – I found three common mistakes sending your bill soaring but the fixes are easy The discounts on Virgin Media's standalone broadband packages have also changed. Prices now start at £25.99 per month - down from £54 - on an 18-month term for 125Mbps. They jump to £36.99 for 1Gbps contracts, which is still better than the usual £78. The provider's top 2Gbps package is currently still £69.99 - which increases to £84 after 18-months. Always do your own research before making any purchases.
The Sun
10 minutes ago
- The Sun
Mum-of-two with 36D boobs shares the ‘best bras' she's ‘EVER worn' – and they're just £3 each
A MUM-OF-TWO has shared the £3 bra that's among the best she's "ever worn" - and you can get it on your local high street. Sophie is a size 36D, and suffers with back pain due to being top heavy. 3 3 3 But rather than spending tonnes on a bra to fit, Sophie explained her favourites are from her local Poundland - and cost just £3. "Poundland has something that I'm gonna put you ladies on to that you will be thanking me for," she said in a video on her TikTok page. She then held up the bras - one black and one white - as she raved about the budget buy. "They are some of the best bras I have worn," she continued. "These and the cotton ones they do - exceptional. "I think they go up to like a DD and an E, but I'm a 36D and they're phenomenal. "Poundland must have and it's only £3!" Sophie captioned her video. "Since having my kids I've struggled to find decent bras," one person wrote in the comments section. "Bloody going down there now lol. Walkthrough Poundland's first £1million store "Hope they have my busty E size!" "Running there right now I've been looking for a good bra for ages!" "Honestly they are so good!" Sophie replied. "I struggle with back pain from mine and these have sorted it!" "Get the Poundland app girl," a third advised. "When you spend so much you get vouchers every month, so could even get a free 1 a month!" An ex employee on Poundland's prices Holly Laing, 22, from Northampton, has revealed she used to work in Poundland and often heard customers say the same annoying thing. Holly claimed she worked for Poundland in 2015 for three months as a Christmas temp. She said that customers would get annoyed when products cost more than £1 individually. In a comical video, Holly acted out a scenario that often occurred on her shift at the bargain store, where customers were always baffled and irritated that items could cost over £1. Holly uploaded her video with the caption "I heard this a lot" as she said: 'POV: Not everything's £1 in Poundland'. Holly explained that customers would often say to her: 'But this is the pound shop, is it not?' "That's very misleading, I'll only pay for that if it's a pound.' 'Disgusting, what a rip off." Poundland currently has a 70% off sale running in stores, where everything included is £5 or under. And the store is becoming increasingly popular for its low-price, high quality clothes - with some people even insisting it's overtaken Primark for its basics. "We've also extended our basics range because we know the importance of having those wardrobe staples that you can rely on year-round," Poundland said on their website. "Our classic T-Shirts and versatile dresses are perfect for mixing and matching with the rest of your wardrobe, giving you easy, everyday options for any occasion. "Whether you're dressing up for a casual outing or keeping it simple for running errands, these essentials are timeless, practical, and affordable."
