Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Schroders has kicked off a search for a successor to its chief executive Peter Harrison, who is preparing to retire as the boss of the UK’s largest asset manager after eight years. The £750.6bn FTSE
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Can there be too much transparency? The UK’s Financial Conduct Authority is under pressure to pause plans to name companies when it opens investigations. At present, it only does this in exceptional cases. Unsurprisingly, the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels has raided a Chinese security equipment supplier, deploying new anti-foreign subsidy powers in a move that will further inflame tensions between the trading superpowers ahead of a planned visit by President Xi Jinping to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Diamonds may be forever but they are also seriously on sale. Natural rough diamond prices have collapsed 26 per cent in the past couple of years. Tepid US and Chinese demand for diamond jewellery hasn’t
With a spate of high-profile arrests of suspected Chinese and Russian spies in recent days, Germany’s counter-intelligence agents, once criticised for their lack of mettle, may have come in from the cold. On Tuesday morning, German police swooped on Jian Guo, a staffer working in the European parliament, accused by prosecutors of spying for China.
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. The writer is an FT contributing editor Britain is second only to the US as a centre for asset management. The business is fabulously profitable and employs tens of thousands in highly paid jobs. But
In March 2021, an official at Warrington Borough Council in the north of England listened to a pitch to invest in a commercial building 75 miles away in Birmingham. Warrington invested £10mn. The stake is now worth £1.3mn. The matchmaker for the troubled deal between the real estate firm behind the scheme M7 Real Estate
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US app stores will be banned from carrying TikTok in 270 days unless its Chinese owner sells the video-sharing platform after Congress passed a security package that includes measures to counter threats from China. The
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The US Senate has approved a $95bn bill delivering security aid to Ukraine, Israel and the Indo-Pacific region, after it drew overwhelming bipartisan support in a boost to Joe Biden’s top foreign policy priorities.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla has been teasing self-driving robotaxis for years. Chief executive Elon Musk now says they are just months away. With typical grandiloquence, he claims that turning the company’s electric fleet into autonomous vehicles could be
The US Federal Trade Commission has voted to ban non-compete agreements across the US economy. The FTC on Tuesday voted 3-2 to implement the far-reaching measure it initially proposed in January 2023, in a bid to avoid wage suppression and protect innovation. Non-compete contracts have become pervasive across industries, experts say, amid limited oversight and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla pledged to bring forward the launch of “more affordable” models of its electric vehicles, helping its stock recover some of its recent losses despite reporting a 9 per cent decline in first-quarter revenue amid
Moody’s Ratings on Monday revised Illinois’ outlook to positive from stable. The rating agency also affirmed the state’s A3 issuer rating and the A3 rating on Illinois’ general obligation debt and Build Illinois sales tax bonds. It assigned a rating of A3 to $1.8 billion of forthcoming Illinois GO bonds. The new bonds include $250
The primary market was the focus Tuesday as investors digested several large deals and the secondary took a backseat while U.S. Treasuries improved and equities rallied on earnings reports This week provides “ample opportunity” to buy paper with up to $13 billion of supply on tap, said Chris Brigati, senior vice president and director of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Britain’s biggest water companies have failed to map large parts of their sewage networks, underscoring the challenge facing privatised utilities as they try to fix their poor environmental record and reduce spills. Thames
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Huge bets by Chinese speculators on rising gold prices have helped super-charge the precious metal’s rally to an all-time high this month, in a sign that Asian traders are beginning to eclipse their western counterparts
The Securities and Exchange Commission is seeking additional feedback on the Municipal Securities Rulemaking Board’s one minute trade reporting proposal, beginning a process that often results in eventual disapproval. The move begins formal “disapproval proceedings” related to the proposed amendments to Rule G-14 on time of trade reporting, the SEC’s answer to the amendments filed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After two years of wrangling, a bill allowing the UK government to transport to Rwanda some asylum seekers arriving in small boats across the Channel — one of the most egregious pieces of British legislation
Rishi Sunak has refused to rule out holding a UK general election in July, fuelling speculation among some Conservative MPs that the prime minister might go to the country earlier than expected. Sunak’s aides insist they are still “planning for an autumn election” and most Tory MPs remain convinced the prime minister will play it
Stay informed with free updates Simply sign up to the Utilities myFT Digest — delivered directly to your inbox. A failure at Thames Water could spread to other water companies and other essential infrastructure, according to investors surveyed by Barclays Research. Three-quarters of investors believed that the potential failure of an unlisted water company such
An Oklahoma law that banned state and local government contracts with investment banks that “boycott” the fossil fuel industry boosted municipalities’ borrowing costs by 59 basis points on average, according to the latest research into the financial impact of so-called anti-environmental, social, and governance laws. The study released Monday by the Oklahoma Rural Association comes