Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shouting matches between utility companies and regulators are common in the UK. There is always brinkmanship before regulators rubber-stamp multiyear business plans as investors try to juice their returns. Thames Water’s nine shareholders and regulator
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s campaign is expected to raise $33mn from a blockbuster fundraiser next week in Florida, according to two people familiar with the event, as he races to narrow the funding gap with Joe Biden,
A Colorado bonding authority is taking a step toward purchasing a hotel tied to author Stephen King’s The Shining after an Arizona nonprofit dropped its bond-financed plan to buy and renovate the property. The Colorado Educational and Cultural Facilities Authority (CECFA), which would have been the conduit issuer for up to $475 million of cultural
New Yorkers are feeling less satisfied and more uneasy today than they were only six years ago, according to a survey done by the Citizens Budget Commission. The results of the CBC’s 2023 Resident Survey released March 19 reveals that Big Apple residents rate their quality of life much lower than they did in a
With tax season in full swing, the muni market is underperforming and facing selling pressure as investors move out of short-term paper to pay tax blls. However, these dynamics have not made the asset class an undesirable option for investors and most expect demand to remain strong. Munis are returning negative 0.06% month-to-date, while USTs
The New York Metropolitan Transportation Authority Board voted 11-1 to adopt its congestion pricing toll structure, the first of its kind in the nation and a key source of funding for the MTA’s upcoming capital projects. The vote will allow congestion pricing to be implemented as planned in mid-June. However, the congestion pricing plan is
Ascentxmedia | E+ | Getty Images Rent prices for one- and two-bedroom apartments grew in March for the first time in six months. The monthly cost for a one-bedroom apartment across the U.S. bumped up to $1,487, a 0.3% increase from February. The price of a typical two-bedroom apartment also jumped 0.5% to $1,847,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after its best performance in years.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The taxpayer-funded Teesside regeneration body chaired by Lord Ben Houchen faces a potential legal bill of more than £4mn after losing an action in London’s High Court against Britain’s fifth biggest port. Mr Justice Eason
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor Singapore is a poster child for fiscal prudence. It almost always runs a budget surplus, and its constitution virtually prohibits borrowing to pay for current spending. All three
The Public Finance Authority’s $246.7 million tax-exempt revenue bond deal for Miami Worldcenter will help finance one of the largest urban development projects underway in the United States and provide high-yield investors with attractive yields. The deal, priced by senior manager D.A. Davidson & Co. and co-managing underwriter Truist Securities Tuesday, came with two term
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Angela Rayner, deputy leader of Britain’s Labour party, has refused to publish the tax advice she received in relation to the sale of a house over a decade ago — saying she would only do
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. We can make peace in the culture wars. These seemingly unending conflicts about a constellation of race, gender and speech issues may turn out to belong to a limited period of specifically American history:
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. I was wrong: I said a couple of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water said its shareholders will no longer provide £500mn of fresh equity by the end of the month over fears that conditions imposed by the industry regulator make the company’s business plan “uninvestible”. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stock traders have begun placing bets on an upsurge of volatility around November’s US election, which is shaping up to feature a tense rematch between President Joe Biden and his predecessor Donald Trump. Futures contracts
If you want to live, dig, goes the adage by which Ukrainian soldiers have lived since Russia’s all-out invasion two years ago. The deeper their trenches, the better protected they are from exploding shrapnel and snipers’ bullets. “It’s still true,” said Yevhen, a soldier on the eastern front. “But now, if we don’t want to
From below, the ALTIUS-600M looks like a black cross sailing through the sky. It has a slender fuselage and a stretched wingspan that makes it twice as wide as it is long. Up close, it’s a blend of metal and circuitry, a sleek and ominous testament to human ambition. It is also one of the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blockbuster deals more than doubled in the first quarter of this year, signalling a nascent recovery in the mergers and acquisitions market following a lengthy drought. The number of takeovers worth at least $10bn jumped
You can enable subtitles (captions) in the video player Their only hope… this is a memento. They are… All right, I’ll get the map. OK, let’s do that again. There’s another one for the scrapbook. This is Sketchy Politics: To Boldly Go! Robert, we haven’t had a chat for a while. No. But I feel
Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. When the Tokyo stock market closed on Wednesday afternoon, the sun was shining, a weekend of cherry blossoms lay in prospect and the once leaden-footed Topix index — the broad benchmark of corporate