Xavier Niel buys 16% through investment vehicle Vega after Emirati telecoms group sells shareholding

The French telecoms billionaire Xavier Niel has become Vodafone’s largest shareholder after buying a 16% stake for £4.4bn.

On Friday, the Emirati telecoms group e&, which first took a stake worth £3.3bn in Vodafone in 2022, announced the sale of its entire shareholding for 112.5p a share.

The High Pay Centre revealed the excesses of CEO wages. But then anti-diversity winds blew in from across the Atlantic

Shock ricocheted around the world of social research this week with the sudden news of the imminent closure of the High Pay Centre (HPC). Founded in 2011 by the former Guardian business editor Deborah Hargreaves to focus on analysis of extreme pay at the top and the widening pay gap between CEOs and their average employees, its closure feels like the death of an idea.

Others campaign on tax and redistribution but the HPC was concerned with “predistribution”. It was unique in looking at the origins of inequality in pay and control over pay rates. Its annual report is always covered, even by rightwing media, because each year it reawakens a sense of disbelief at the way we live now. Why would the median FTSE 100 CEO need £4.4m this year to do his (yes, mostly still his) gratifyingly high-status job? Why?

Polly Toynbee is a Guardian columnist

Refuge reports ‘staggering’ 78% annual increase in referrals for cases of technology-facilitated or economic abuse

Domestic abuse charities have reported a “staggering” increase in perpetrators using technology and finances to control their victims, with a “concerning” rise in people being coerced into car finance agreements.

Data from Refuge, the UK’s largest specialist domestic abuse charity, reveals a 78% rise in referrals for cases of technology-facilitated or economic abuse in the past year.

Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freeze

Slideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said.

The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,385 for three years from April 2027.

A team from across the Guardian set out to investigate the full extent of private equity’s stake in Britain’s public and essential services. The scale and opacity posed many challenges

When Carmen Aguilar García began investigating the involvement of private equity firms in England’s childcare sector with her fellow data journalists three years ago, she didn’t imagine her efforts would one day be scaled up to examine private equity’s role in the entire UK economy. That ambitious undertaking by Carmen and colleagues from across the Guardian was published earlier this week.

“The initial investigation into the childcare sector in 2023 was already challenging and a big team effort,” says Carmen, a data projects editor at the Guardian. “Extrapolating it to the whole economy did not seem realistic back then.”

New analysis by the Guardian has revealed the disturbing extent of these firms’ influence in highly sensitive areas

Children’s homes and care placements are not ordinary commodities. Yet Britain has allowed some of its most sensitive public services to become assets in private equity portfolios: bought, loaded with debt, restructured and sold, while the state continues to fund the contracts and vulnerable people carry the risk when things go wrong.

Private equity’s role in public services is not notional. The year after Compass Community was sold by its owner, Graphite Capital, to another private equity group, Cap10, the poor state of some of its children’s homes was made plain by Ofsted reports. Inspectors who visited two homes in England – which had previously been rated good and outstanding – found “high levels of distress” and staff as well as children feeling unsafe. Cap10 denies that standards fell following the change of ownership.

‘Home fee’ qualification ends in 2028, leaving those hoping to study in UK not now eligible for British loans

British teenagers living in the EU could be priced out of UK universities in two years’ time as a Brexit rule change means they face the double whammy of paying costlier international fees, while losing access to student finance.

British passport holders living in the EU still qualify for “home fee” status at UK universities. But this will no longer be the case when the grace period ends in 2028, meaning the first wave to be affected are starting their A-levels, or equivalent, this autumn.

Almost £24.4bn of government money went to private equity-run firms in year to April 2025, Guardian analysis shows

• ‘Treating children like cattle’: what happens when private equity takes over a UK care home?

• Nurseries, vets and shops: the sectors where private equity plays a big role

• Good for business – or profit at any cost? The controversial side of private equity – a visual explainer

One pound in every £11 of UK government spending on contractors went to private equity-controlled companies last year, research shows, including key services such as transport, waste management and healthcare.

Politicians and economists have raised concerns over the “financial fragility and sharp cost cutting” created by private equity-backed firms, which often have high levels of debt, and the “conflicting interests” in running public services for maximum profit.