Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asda’s owners created nearly £1.5bn of new liabilities that are not counted in the supermarket chain’s headline debt figures to finance a buyout of a petrol stations business that they also control. Asda last year
In this article 2875.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Wako Megumi | Istock | Getty Images Company: Toyo Suisan Kaisha (2875.T) Business: Toyo Suisan Kaisha and its subsidiaries produce and sell food products in Japan and internationally. The company operates through the following segments: Seafood, Overseas Instant Noodles, Domestic Instant Noodles, Frozen and Refrigerated
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak’s chastening encounter with the electorate continues on Saturday as the results of mayoral contests in some of England’s biggest urban areas are set to be declared. Sunak’s Conservatives have been hammered in local
During the 1990s, Greg Abel, then a high-flying energy industry executive, lived just a few blocks from Warren Buffett in Omaha, Nebraska, the home of Berkshire Hathaway. The pair never met at the time, but three decades later Abel is in line to eventually succeed him at the top of Berkshire, handing the plain-speaking Canadian
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour will impose VAT on boarding fees as well as private education in England if it wins the next election, according to party insiders briefed on the plans, in a move set to disappoint some
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealthy savers are warned that a new “catch in the small print” of reforms to the lifetime allowance may put them at risk of overpaying tax on pension withdrawals. The warning comes from experts who
Squishmallows of Waren Buffett and Charlie Munger display at the Berkshire Hathaway Annual Shareholders Meeting at Omaha, Nevada on May 3, 2024. Sarah Min | CNBC OMAHA, Nebraska — Warren Buffett’s annual shopping event, the pregame to Berkshire Hathaway‘s annual meeting, is wowing shareholders flocking to Omaha this weekend. With over 20,000 square feet of
Oklahoma’s list of investment banks determined to be “boycotting” the fossil fuel industry expanded with the addition of Barclays, making it ineligible for state and local government contracts, State Treasurer Todd Russ announced Friday. Barclays joins Bank of America, JP Morgan, and Wells Fargo, which were placed on the list last year under the state’s
All markets rallied on the weaker jobs data, leading municipals to see yields fall up to eight basis points on what typically is a quiet Friday session, following a better-performing U.S. Treasury market. Equities closed in the black. The softer-than-expected April employment report led to some analysts believing this could put rate cuts back on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump tried to stop newspapers containing allegations of extramarital affairs from being delivered to his home for fear of angering his wife Melania, his former aide Hope Hicks testified at his Manhattan criminal trial
The Puerto Rico Oversight Board warned the government it will sue to stop a recently passed law that would reduce Puerto Rico Electric Power Authority revenues for the next 26 years by preventing a change in the net metering policy. In a letter to Puerto Rico Gov. Pedro Pierluisi, Senate President José Dalmau Santiago, and
Hawaii Gov. Josh Green failed to convince lawmakers to consider legislation that would have allowed struggling Hawaii Electric Co. to issue bonds backed by a rate increase. Senate Bill 2922, introduced by Senate Commerce and Consumer Protection Chair Jarrett Keohokalole, would have allowed HECO to issue up to $2.5 billion in low-interest bonds, if it
As Florida’s Brightline passenger train floated its first investment-grade and insured bonds in a high-profile transaction last week, a key part of the deal for insurer Assured Guaranty was the control it would have if the issuer runs into debt payment trouble. Assured wraps $1.13 billion, or 51%, of the $2.219 billion of senior bonds
Loading… Loading… Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has shared his strategy for navigating the ongoing Bitcoin BTC/USD market crash, highlighting the potential for wealth growth during such periods. What Happened: Kiyosaki took to social media platform X, to share his insights on the current market situation. He began
A federal judge hammered key elements of Googles defense on Thursday as closing arguments began in a landmark antitrust trial that could potentially upend the tech giants online search empire. Judge Amit Mehta, who is expected to rule later this year on whether Google has maintained an illegal monopoly over the online search market, zeroed
Apple’squarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade. Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock. The buyback is the largest in the company’s history,
The Host Julie Rovner KFF Health News @jrovner Read Julie's stories. Julie Rovner is chief Washington correspondent and host of KFF Health News weekly health policy news podcast, What the Health? A noted expert on health policy issues, Julie is the author of the critically praised reference book Health Care Politics and Policy A to
Marisol Pantoja Toribio found a lump in her breast in early January. Uninsured and living in California without legal status and without her family, the usually happy-go-lucky 43-year-old quickly realized how limited her options were. This story also ran on El Timpano. It can be republished for free. I said, What am I going to
While grocery prices are rising, Aldi is giving its customers a sense of relief. Aldi, already known for its low prices, announced that it will lower the cost of more than 250 products. The store’s price reductions will ultimately result in an estimated $100 million in savings for Americans through Labor Day. Aldi is always
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Private equity firms including Apollo Global, KKR, Blackstone and Brookfield are accelerating efforts to make low-risk loans, encroaching on territory dominated by banks and public debt markets. New York-based group Apollo on Thursday increased its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Although there are still high-profile mayoral races yet to declare in London and the West Midlands which could give the Conservatives something to cheer about, the plain truth is that the local election results are