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As recently as November, the publicity-shy owner of Prax Group wanted investors to know that his $10bn challenger company was fast becoming a “formidable force” in the energy industry. “Twenty-five years on from when we started, we are a much bigger, stronger, better business in all kinds of ways,” founder and chief executive Sanjeev Kumar … Read more
Stay informed with free updates Simply sign up to the Workplace pensions myFT Digest — delivered directly to your inbox. Chancellor Rachel Reeves is expected to announce a shake-up of UK pensions in her Mansion House speech on July 15, including plans to look at the amount companies and their staff set aside for retirement. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fundraising from initial public offerings in London has tumbled to its lowest level in at least 30 years, in a stark sign of the waning attractiveness of the UK’s equity markets for companies and investors. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Société Générale and a former member of the executive board of the European Central Bank Stablecoins are fast emerging as a disruptive force in global finance — and central banks … Read more
This week’s sell-off in UK gilts, sparked by a tearful Rachel Reeves in the House of Commons, showed how fragile investor confidence is in Britain’s precarious fiscal position. The merest suggestion that the chancellor may leave her job, caused by Sir Keir Starmer’s initial failure to fully back her on Wednesday, was enough to spook … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When design software company Figma revealed its plans for a stock market listing this week, it felt like a throwback to an earlier era in the tech financing markets. Chief executive Dylan Field listed the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stablecoins are pretty cool in theory. They promise near-to-instant transfers of any value across any border, at transaction costs that could be far below what’s currently charged. Smart contracts might take the counterparty risk out … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Guaranty Trust Holding Company, the parent of Nigeria’s biggest bank by market value, will list in London after selling $100mn in shares to investors, as lenders rush to complete the country’s largest bank recapitalisation in … Read more
Stay informed with free updates Simply sign up to the Technology myFT Digest — delivered directly to your inbox. It’s every manager’s worst nightmare: hiring a remote employee who turns out to be a North Korean hacker intent on loading malware on to your network. But that’s what happened to the US cyber security company … Read more
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Howdy ya’ll from Texas, and welcome to Energy Source. Today, I’ll be focusing on why US oil producers, largely … Read more