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Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. CVC is preparing to announce its intention to float in Amsterdam as soon as next week in a mood-defying move by Europe’s largest private equity group. The firm, which has €161bn under management, was valued
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Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. The US House of Representatives remained without a Speaker late Wednesday, after Jim Jordan failed in his second attempt to seize the gavel in the face of opposition from 22 members of his
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The generous way to read today’s Republican party is that it wants to kill a dragon that can no longer be tamed. The dragon is the US federal government; the Republican weapons of choice are shutdowns and debt defaults. A less generous take is that Republicans are members of a personality cult that aims to
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley has reported a 9 per cent fall in third-quarter profits, as slower growth at the Wall Street bank’s juggernaut wealth management business was compounded by falling revenues in investment banking and trading. The
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Adidas rose 5 per cent on Wednesday after the company raised its full-year guidance for the second time in three months, indicating that the brand is recovering from its worst crisis in three
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Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation held steady in September at 6.7 per cent, maintaining pressure on the Bank of England to hold firm in its efforts to curb price growth. The rate of consumer price inflation had been
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The IDF said that a misfired rocket launched by Palestinian Islamic Jihad, a Gaza-based militant group, is responsible for the explosion at a hospital in the strip that Palestinian authorities said has killed “hundreds”. Army spokesman Daniel Hagari said an IDF probe concluded that a rocket launched from a cemetery near the hospital just prior
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Lockheed Martin executives are “optimistic” about the US providing additional funding for several geopolitical hotspots as Congress is embroiled in fights over the House speakership and the domestic budget. In any budget scenario, “there continues to be the option for supplemental requests related to support Ukraine, Israel and potentially Taiwan,” chief executive Jim Taiclet told
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jim Jordan lost a vote to become Speaker of the House of Representatives on Tuesday afternoon, after 20 members of his own party voted against the firebrand Ohio Republican and staunch Donald Trump loyalist. Earlier,
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In normal circumstances, the Conservative party should easily win Thursday’s by-election in Mid Bedfordshire, a well-heeled rural seat that delivered it a majority of almost 25,000 at the last general election. Instead the Tories, trailing badly in national opinion polls, are locked in an occasionally acrimonious three-way by-election fight; Prime Minister Rishi Sunak’s party is
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