[email protected] 
BP chief executive Murray Auchincloss laughed off the question when asked this year if everything at the struggling oil company was up for sale. “I don’t know,” he responded, “no one ever comes with the right price.” Attempts to restore the fortunes of the 116 year-old group and preserve its independence received a boost this … Read more
Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. Europe’s top banking regulator has raised concerns about the “circles of risk” being created by banks providing financing to investors that are taking on credit risk from other lenders. The European Banking Authority said in … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street’s S&P 500 share index climbed to a record high on Friday, capping a dramatic rebound by US stocks from a sharp drop earlier in the year sparked by Donald Trump’s barrage of global … Read more
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the … Read more
Stay informed with free updates Simply sign up to the Energy sector myFT Digest — delivered directly to your inbox. Greece’s Metlen Energy & Metals plans to list in London this summer, in a fresh boost to the ailing UK market following a string of departures. The mining and energy company said on Friday that … Read more
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. Donald Trump is reportedly considering naming a shadow chair of the Federal Reserve, in a bid to undermine … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Xiaomi’s shares hit a record high after the Beijing-based smartphone maker sold 200,000 electric vehicles in three minutes, threatening the positions of BYD, Tesla and other carmakers competing in China’s cut-throat market. The Chinese group’s … 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 head of total return strategies at Man AHL When US stocks lost 10 per cent of their value in April, investors faced a familiar dilemma: buy the dip or dodge a falling … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The number of UK investment trusts has fallen by nearly a fifth over the past four years as the industry comes under pressure from cheap index-tracking funds, higher interest rates and takeovers. Investment trusts are … Read more
Asset managers have it easy. The parties, the access, the spreadsheets. And the money isn’t bad. However, to keep the show on the road, there is the minor detail of winning and retaining clients. But what if you just bought them? While this isn’t exactly what private equity firms have done, neither is it completely … Read more