March 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- UK deploys first warship to Cyprus after scrutiny over delays
- Creditors of collapsed MFS claim 1.3 billion pound shortfall
- Microsoft backs Anthropic in legal fight with the Pentagon
- Short sellers target Wizz Air as Iran war wipes out profit
Overview
- Eleven days after the start of the Iran war, the first British warship to be deployed to the eastern Mediterranean set sail from Portsmouth on Tuesday.
- Creditors to Market Financial Solutions, the British mortgage provider that collapsed suddenly last month amid allegations of fraud, are facing an alleged shortfall of 1.3 billion pounds ($1.75 billion) after discovering a network of borrowers seemingly tied to its owner, with more than a quarter of a billion pounds unaccounted for.
- Microsoft MSFT.O has backed Anthropic’s lawsuit against the Pentagon, warning that the “drastic” and “unprecedented” moves against the AI start-up would have “broad negative ramifications” for the US tech industry.
- Wizz Air WIZZ.L has been hit by an “aggressive” wave of short selling after the budget airline warned that the Iran war would wipe out its profits this year, exacerbating concerns over its ability to compete with larger rival Ryanair RYA.I.
($1 = 0.7442 pounds)
(Compiled by Bengaluru newsroom)
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