Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Grosvenor, the Duke of Westminster’s property company, is taking a big bet on flexible workspaces to meet West End office tenants’ post-Covid requirements and generate higher returns. The group, which owns large parts of London’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer, a Labour and Co-operative party MP, chairs the cross-party public accounts committee in the House of Commons For more than a decade I’ve had the privilege of scrutinising how government spends taxpayers’ money,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC’s chief executive Noel Quinn is to retire unexpectedly after five years, setting off a hunt for a successor at the UK-based bank. Quinn has overhauled the lender since taking charge in 2019, selling off
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. Prices of non-food items in UK supermarkets have fallen year on year for the first time since 2021, taking overall shop inflation below 1 per cent, according to industry data that will come as a
BNP Paribas and Macquarie have become two of the latest banks to push back their expectations of US interest rate cuts. A team of economists at French bank BNP said in a note that they expect the first Federal Reserve rate cut to take place in December, later than previously anticipated. “In light of stronger-than-expected
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Skydance and Shari Redstone’s holding company are offering a $3bn investment in Paramount in an effort to win support for a complex merger that has frustrated investors and led to the departure of the Hollywood
Municipals were little changed Monday ahead of several large deals and the final session of April, which is poised to close out with another month of negative returns for the asset class. U.S. Treasuries were firmer, and equities were in the black. The two-year muni-to-Treasury ratio Monday was at 65%, the three-year at 63%, the
New findings show the increasing frequency and severity of climate hazards pose growing financial risks for local government issuers in the U.S. municipal bond market, according to a report from S&P Global Sustainable1. In 2023, the hottest year on record globally, the U.S. faced 28, billion-dollar weather and climate disasters, that caused a record $92
Shreveport, Louisiana, voters approved $256 million of general obligation bonds Saturday. The voters approved $125 million for a streets and drainage bond, $82 million for a water and sewer bond, and $49 million for a police and fire infrastructure bond. The first two bonds passed with 80% in favor and 20% against. The last passed
Travelism | E+ | Getty Images Having a diversified portfolio means you should have some of your money in bonds. The assets can offer not not some protection against market volatility, but also generate income. Yet deciding how to construct the fixed income portion of your portfolio may seem confusing, especially after the bond rout
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Vitapix | E+ | Getty Images People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose to 7.17% for the week ended April 25, according to Freddie Mac data via the Federal
Upcoming highly-rated offerings from two Virginia agencies and the state of Delaware should provide some direction for yield curves as the market digests larger supply. Delaware is putting $367 million of general obligation bonds out for competitive bid on Tuesday. The Virginia Resources Authority is set to price Tuesday $135.73 million of Virginia Pooled Financing Program infrastructure
Ahead of an expected push to broaden tax-exempt financing authority for tribal governments next year, a pair of Federal Reserve Bank of Minneapolis economists are recommending the tax code be reformed to allow tribes greater access to the financing tool. An April 25 paper titled “Tax code constraints limit tribal tax-exempt bonding” notes the relatively
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. WeWork’s senior creditors are poised to take control of the reorganised co-working space provider after agreeing to invest a fresh $450mn, effectively ending Adam Neumann’s attempt to purchase the company he founded. A federal bankruptcy
BHP’s unsolicited £31bn takeover approach for Anglo American has shaken up the mining industry, provoking speculation that the storied company is ripe to be sold or broken up. Anglo rejected the preliminary offer on Friday as “highly unattractive” but investors expect BHP to return with an improved deal or for a rival to emerge with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. All political lives, remarked the UK politician Enoch Powell, end in failure. For Scotland’s pro-independence first minister, Humza Yousaf, the end has come far sooner than expected when he took office barely a year ago.
When Humza Yousaf tore up a power-sharing deal with the Scottish Greens last Thursday at Bute House, he sought to improve his nationalist party’s prospects by shifting away from the progressive policies associated with the coalition. Four days later, that political miscalculation boomeranged back on the first minister in historic fashion as Yousaf returned to
For those of a certain age, a tune sung by The Happenings — See You in September — might resonate with regard to the Federal Reserve. Most analysts now expect the Fed to hold rates in a range between 5.25% and 5.50% until September, with some concern there will be no rate cuts this year.
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. “All projects are moving full steam ahead,” Faisal Al Ibrahim told CNBC’s Dan Murphy on Monday at the World Economic Forum’s special meeting in Riyadh.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has significantly softened its stance on the conditions for a hostage deal with Hamas, raising hopes of a breakthrough in diplomatic efforts to end the war in Gaza. After weeks of deadlock, Israel has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Humza Yousaf’s resignation on Monday as Scotland’s first minister came less than a week after he ended a power-sharing deal between his Scottish National party and the Scottish Greens. Yousaf’s decision to step down fired