Trump Media shares fall after president kicks off sale of $2.3bn stake

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s social media company slumped after the president opened the door to selling his entire $2.3bn stake, just as global investors are bracing themselves for his “liberation day” tariffs. Shares in Trump … Read more

Greencore agrees £1.2bn deal for UK ready meal rival Bakkavor

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Greencore has struck a deal to acquire rival UK convenience food group Bakkavor for £1.2bn after being rebuffed with an earlier takeover offer. Pre-packed sandwich maker Greencore said on Wednesday that the acquisition would create … Read more

Commodity traders snap up assets and tighten grip on global supply chains

Commodities traders are using the bumper profits earned during the energy crisis to snap up assets and bet on new businesses, from petrol stations to power plants, in a shift that increases their hold over complex global supply chains. Leading private trading houses Trafigura, Vitol, Gunvor and Mercuria have collectively earned more than $57bn in … Read more

Stablecoin operator Circle files for IPO as revenues jump to $1.7bn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Circle Internet, the US group behind the world’s second-largest stablecoin, has filed to list in New York, the first major cryptocurrency company to try for an initial public offering since President Donald Trump ushered in … Read more

Deutsche Bank’s asset manager fined €25mn over greenwashing scandal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank’s asset manager DWS has been fined €25mn by German prosecutors over a greenwashing scandal following long-running investigations by authorities in the US and Germany. DWS, which is 80 per cent owned by the … Read more

Nigeria appoints former Shell executive to lead state-owned oil group

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigeria’s president has replaced the board of the country’s state-owned oil company and put a former Shell executive in charge, as Africa’s largest crude producer tries to revive output and attract investment. President Bola Tinubu … Read more