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Telegraph
4 days ago
- Business
- Telegraph
Privacy Notice for Netwealth Event
Introduction This privacy notice describes how we process personal data provided by you to Telegraph Media Group Holdings Limited ("TMG", "we") in connection with "the Beyond Property: Long-Term Wealth Preservation with Netwealth" event ("Webinar"). It is important that you read this notice so that you are aware of how and why we are using your personal data. TMG is the data controller of your personal data. This means that TMG decides what your personal data is used for, and the ways in which it is processed. As a data controller, TMG has the responsibility to comply, and to demonstrate compliance with applicable data protection laws. Why do we collect your personal data? We collect your personal data for the purposes of administering the Webinar. We will also collect your marketing opt-in, and share it with Netwealth Investments Limited ("Netwealth"). What personal data will TMG collect? Personal data We will collect the following personal data about you: Title Name Date of birth Company name and your job title Telephone and/or mobile phone number Email address Country Any personal data you may share with us in "Submit your questions for our speakers". The lawful basis for TMG to process your personal data for the purpose as described above is contract or legitimate interest. We will also collect your marketing opt-in information. The lawful basis for this is your consent. Sharing your personal data If you decide to submit a question, your first name may be shared with the speakers at the event should it be selected to be asked. If you have opted-in to receive marketing from Netwealth, this information will be collected by TMG and securely shared with Netwealth, who will use it in accordance with their own privacy policy. TMG works with our approved third-party providers who help us to provide some of our services. These partners only use your personal data on behalf of TMG and not independently of TMG. We may also share personal data with third parties where required or permitted by law. Retaining your personal data Personal data from your webinar registration will be kept for 12 months since data collection. After 12 months it will be automatically deleted. Where we store your personal data When we store your personal data in our own systems, it is stored in the United Kingdom. Security We take appropriate measures to ensure that all personal data is kept secure including security measures to prevent personal data from being accidentally lost, or used or accessed in an unauthorised way. We limit access to your personal data to those who have a genuine business need to know it. Those processing your personal data will do so only in an authorised manner and are subject to a duty of confidentiality. We also have procedures in place to deal with any actual or suspected data security breach. We will notify you and any applicable regulator of a data security breach where we are legally required to do so. Your rights Under the UK GDPR you have a number of important rights. In summary, those include rights to: access to your personal data and to certain other supplementary information that this Privacy Notice is already designed to address require us to correct any mistakes in your personal data which we hold require the erasure of personal data concerning you in certain situations receive the personal data concerning you which you have provided to us, in a structured, commonly used and machine-readable format and have the right to transmit those data to a third party in certain situations object at any time to processing of personal data concerning you for direct marketing purposes object to decisions taken from processing your personal data by automated means which produce legal effects concerning you or similarly significantly affect you object in certain other situations to our continued processing of your personal data otherwise restrict our processing of your personal data in certain circumstances claim compensation for damages caused by our breach of any data protection laws. For further information on each of those rights, including the circumstances in which they apply, see the Guidance from the UK Information Commissioner's Office (ICO) on individuals rights under the General Data Protection Regulation. If you would like to exercise any of those rights, please: contact us using our Contact details below, let us have enough information to identify you, let us have proof of your identity and address, and let us know the information to which your request relates. Contact Questions and comments regarding this Privacy Notice and rights requests should be addressed to the Data Protection Officer by email DPO@ or by post to: Data Protection Officer, 111 Buckingham Palace Road, London SW1 0DT. How to complain We hope that we can resolve any query or concern you raise about our use of your personal data. However, if you are not satisfied with how we have dealt with your enquiry/complaint you make a complaint with a supervisory authority. The supervisory authority for data protection in the UK is the Information Commissioner whose contact details can be found at or by telephone: +44303-123-1113.
Yahoo
26-05-2025
- Business
- Yahoo
US investment firm Redbird plans to buy Britain's Telegraph newspaper
A consortium led by US investment firm RedBird Capital Partners has agreed to buy the publisher of Britain's 170-year-old Daily Telegraph newspaper for about £500 million (€595.5m), the two sides said on Friday. RedBird said it has reached an agreement in principle to become the controlling owner of the Telegraph Media Group, ending a lengthy takeover saga for the conservative-leaning newspaper. Gerry Cardinale, founder and managing partner of RedBird, said the sale 'marks the start of a new era for The Telegraph, as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base.' The Telegraph group, previously owned by Britain's Barclay family, was put up for sale two years ago to help pay off the family's debts. It publishes the daily and Sunday Telegraph newspapers and weekly newsmagazine The Spectator, which are all closely allied to Britain's Conservative Party. In 2023, there was an offer to buy the publications from RedBird IMI, a consortium backed by RedBird Capital Partners and Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi's royal family and the vice president of the United Arab Emirates. However, the consortium pulled out last year following strong opposition from the UK government, which launched legislation to block foreign state ownership of the British press. Under the deal, Abu Dhabi's IMI will take a minority stake of not more than 15% in the Telegraph as a member of the consortium. The sale must be approved by British regulators. RedBird has investments in soccer team AC Milan, the parent company of Liverpool football club and film production company Skydance. Telegraph Media Group chief executive Anna Jones said that 'RedBird Capital Partners have exciting growth plans that build on our success — and will unlock our full potential across the breadth of our business.' The Spectator was sold separately in September to British hedge fund investor Paul Marshall.
Euronews
26-05-2025
- Business
- Euronews
US investment firm Redbird plans to buy Britain's Telegraph newspaper
A consortium led by US investment firm RedBird Capital Partners has agreed to buy the publisher of Britain's 170-year-old Daily Telegraph newspaper for about £500 million (€595.5m), the two sides said on Friday. RedBird said it has reached an agreement in principle to become the controlling owner of the Telegraph Media Group, ending a lengthy takeover saga for the conservative-leaning newspaper. Gerry Cardinale, founder and managing partner of RedBird, said the sale 'marks the start of a new era for The Telegraph, as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base.' The Telegraph group, previously owned by Britain's Barclay family, was put up for sale two years ago to help pay off the family's debts. It publishes the daily and Sunday Telegraph newspapers and weekly newsmagazine The Spectator, which are all closely allied to Britain's Conservative Party. In 2023, there was an offer to buy the publications from RedBird IMI, a consortium backed by RedBird Capital Partners and Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi's royal family and the vice president of the United Arab Emirates. However, the consortium pulled out last year following strong opposition from the UK government, which launched legislation to block foreign state ownership of the British press. Under the deal, Abu Dhabi's IMI will take a minority stake of not more than 15% in the Telegraph as a member of the consortium. The sale must be approved by British regulators. RedBird has investments in soccer team AC Milan, the parent company of Liverpool football club and film production company Skydance. Telegraph Media Group chief executive Anna Jones said that 'RedBird Capital Partners have exciting growth plans that build on our success — and will unlock our full potential across the breadth of our business.' The Spectator was sold separately in September to British hedge fund investor Paul Marshall. When talking about your salary in Europe, do you refer to the gross amount or the net figure? It's an important distinction as take-home pay can vary significantly from one country to another. The main reasons for these differences are variations in taxation and social security contributions. In some countries, family allowances also have a considerable impact. So, where do workers take home the most pay across Europe? And how much of your gross salary do you keep after taxes and deductions? The answer largely depends on whether you have dependent children and if your partner earns an income. In several countries, this can make you eligible for family allowances or even tax refunds. With this in mind, Euronews has examined three typical scenarios for 2024. These scenarios are based on individuals earning 100% of the average national wage. For those earning more or less than the average, the take-home ratio will differ accordingly. Net earnings represent the amount a person or household keeps after subtracting taxes and employee social security contributions from gross pay, and adding any family benefits for dependent children. In 2024, according to Eurostat, a single person without children in the EU takes home, on average, 68.6% of their gross salary. This means that if the average salary in your country is €1,000, you keep €686, while €314 goes to taxes and social security contributions. Among 31 countries—including all EU member states plus Switzerland, Norway, Iceland, and Turkey—the take-home pay ratio (annual net earnings as a percentage of gross earnings) ranged from just 60.3% in Belgium to 84.4% in Cyprus. Seven countries offered less than two-thirds of gross pay as take-home income. Besides Belgium, they included: Lithuania (61.8%), Germany (62.6%), Romania (63.1%), Denmark (64.3%), Slovenia (64.4%) and Hungary (66.5%). In ten countries, workers can take home at least three-quarters (75%) of their gross earnings, making them the best places in Europe for higher net pay. The ratio exceeds 80% in Cyprus and Switzerland. Other countries on the list include Estonia (79.5%), Czechia (79%), Bulgaria (77.6%), Spain (77.5%), Sweden (76.9%), Slovakia and Poland (both 75.9%), and Portugal (75%). By comparison, the take-home rate is 71.9% in France and 69.6% in Italy. For one-earner couples with two children, take-home pay ratios shift significantly in some countries, while in others they stay close to the level for single individuals without children. Across the EU, the average take-home rate is 82.6%, ranging from 70.4% in Romania to 107.1% in Slovakia, followed by 102.5% in Poland. In these two countries, net earnings actually exceed gross earnings. This is not only due to family allowances but also the implementation of a 'negative income tax,' which provides extra financial support and reflects strong family-friendly policies. The ratio is also above 90% in Switzerland, Czechia, Luxembourg, and Portugal. At the lower end, aside from Romania, it falls below 75% in Turkey, Denmark, and Finland. The largest increases compared to single individuals without children were seen in Slovakia (+31.2 percentage points), Poland (+26.6 pp), Luxembourg (+22.4 pp), and Belgium (+19.8 pp). The rate remained unchanged in Turkey, while the smallest increases were recorded in Greece (+2.4 pp), Cyprus (+4.3 pp), Finland (+4.6 pp), Norway (+4.8 pp), and Sweden (+5.9 pp). On average, a two-earner couple with two children in the EU takes home 73.6% of their gross earnings, with the rate ranging from 65.8% in Belgium to 88.9% in Slovakia. Compared to single individuals without children, the take-home rate remains unchanged in Turkey and Greece. The highest increase was recorded in Slovakia, at 13 percentage points. In only eight countries, the rise exceeded 5 percentage points, suggesting that family allowances for households with children often do not lead to a significant boost in take-home pay. Would you be more interested in actual salary figures rather than just ratios? In 2024, in the EU, a single person without children earning 100% of the average salary takes home €29,573 out of a gross €43,105. Switzerland is an outlier in both gross and net salaries, with figures exceeding €100,000 and €85,000 respectively. In this scenario, annual net earnings exceeded €50,000 in Iceland and Luxembourg, while Bulgaria (€11,074) and Turkey (€11,440) recorded the lowest net salaries. In five additional countries, net earnings surpassed the €40,000 mark, including the Netherlands, Norway, Denmark, Ireland, and Austria. Annual net earnings for a one-earner couple with two children ranged from €11,440 in Turkey to €98,835 in Switzerland, while the EU average was €35,656. In the two-earner couple with two children scenario, net earnings or salaries ranged from €22,880 in Turkey to €178,553 in Switzerland, with the EU average at €63,523. All these actual figures also indicate the level of income inequality across Europe. For a detailed comparison of annual net earnings—including purchasing power standards—across Europe, check out our full article, entitled: "Top earners in Europe" Curious about how real wages changed in 2024 compared to 2023? Our article 'Where Did Real Wages Rise and Fall the Most in Europe in 2024?' takes a closer look at the shifts—adjusted for inflation.
Business Mayor
23-05-2025
- Business
- Business Mayor
Gerry Cardinale's RedBird to buy Telegraph newspaper in £500mn deal
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. RedBird Capital Partners has agreed to buy the Telegraph Media Group in a £500mn deal, signalling an end to one of the most protracted and tortuous sales of a British newspaper in recent history. RedBird said the deal would make it the sole controlling owner, leaving Abu Dhabi's IMI with a minority stake, after the British government changed the law to stop the newspaper from becoming owned by a foreign state-backed fund. The process to sell the Telegraph was kicked off two years ago when Lloyds Banking Group seized control from the Barclay family, which had owned the business since 2004, because of unpaid debts. A deal struck to buy the Telegraph Media Group by RedBird IMI, a separate joint venture with three-quarters of its funding from Abu Dhabi, for about £550mn was then blocked by the former Conservative government. Backbenchers worried about giving a foreign state control of an influential British newspaper had lobbied against that deal. The UK government last week confirmed plans to cap foreign state ownership of British national newspapers at 15 per cent, with IMI expected to take the full allotment open to the Abu Dhabi-backed group. Redbird is still in talks with a number of UK-based investors to join a consortium, including Lord Rothermere's DMGT, which owns the Daily Mail and could take about 10 per cent, according to people familiar with the matter. RedBird is expected to use about £100mn in debt finance, giving the deal an enterprise value of £500mn. It wants to invest in the group's digital operations to drive subscriptions, and bring in greater use of artificial intelligence tools. RedBird also wants to grow the brand internationally, with a focus on the US, where it envisages potential tie-ups with its roster of media and sports assets. Gerry Cardinale, founder and managing partner of RedBird, said: 'This transaction marks the start of a new era for The Telegraph as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base.' Cardinale said he would work with the UK government and regulators to complete the acquisition process, which will face scrutiny under public interest, competition and media plurality rules. The deal is also likely to face criticism from politicians in the UK, some of whom have been vocally opposed to foreign states owning any stakes in British national newspapers. For the deal to proceed, the government will also need to lift the block imposed at the end of 2023 that in effect prevented the debt acquired by RedBird IMI from being converted into equity ownership. The Financial Times first reported the new bid to take control of the newspaper by Cardinale and the involvement of Rothermere. The group has become one of the largest investors in UK media, sports and entertainment, partly through its close links with Abu Dhabi in RedBird IMI. Last year, RedBird IMI acquired All3Media, the UK's largest independent TV production company and RedBird itself separately owns a stake in Premier League club Liverpool, and will also have control of the UK's Channel 5 if Skydance's merger with Paramount Global is cleared by regulators in the US.
CNN
23-05-2025
- Business
- CNN
Private equity firm buys The Telegraph, ending two-year saga
RedBird Capital Partners announced on Friday that it has purchased Telegraph Media Group for £500 million (nearly $675 million), concluding a protracted bid to acquire the news company. The deal makes US-based RedBird the sole controlling owner of The Telegraph, the right-leaning British news outlet founded in 1855. Per the deal, RedBird will invest funds in The Telegraph's digital operations to help continue growing subscriptions and expand the outlet's foothold in the United States, where RedBird already has a constellation of media investments. The deal comes after RedBird struggled for two years to acquire The Telegraph, stymied in large part by a conservative British government that restricted foreign governments from owning newspapers and capped foreign state-owned investment by a publisher at 15%. The UK's Labour Party, which swept into power in July 2024, announced last week that it would relax restrictions on foreign investment. 'This transaction marks the start of a new era for The Telegraph as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base,' RedBird CEO Gerry Cardinale said in a statement. Get Reliable Sources newsletter Sign up here to receive Reliable Sources with Brian Stelter in your inbox. In January 2024, Jeff Zucker, the former CNN president, flew to London to pitch a takeover of the media company to Ofcom on behalf of RedBird IMI, where he is the chief executive. The Telegraph went up for sale in 2023 after Lloyds Banking Group took control of unpaid debts from the Barclay family, which acquired the newspaper in 2004. The Barclay family regained control of the Telegraph in December 2023 with the help of a loan from RedBird IMI, an Abu Dhabi-backed joint venture. However, the British government blocked the transfer of ownership to RedBird. The Friday deal avoided that rule by providing IMI only a minority share in the paper. RedBird's focus on the US market comes as other British media outlets, including the BBC, The Guardian, and The Independent, have expanded their US coverage, often to great success. According to a May report, The Guardian grew its overall revenue by 25% on year, while The Independent in January reported a 75% year-over-year audience increase. RedBird has major investments in media, entertainment, and sports in the UK. In 2024, the firm acquired All3Media, a British film and TV production and distribution company. The company also has a stake in the Premier League soccer club Liverpool and owns AC Milan in Italy's Serie A. RedBird will also acquire the UK's Channel 5 if Paramount Global's merger with Skydance is approved. RedBird has also invested in Ben Affleck and Matt Damon's Artists Equity, LeBron James and Maverick Carter's SpringHill Company, the YES Network, and has helped Skydance finance several productions, including Amazon's 'Reacher' and Paramount's 'Top Gun: Maverick.'
