Vanguard rules out China in big international push

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vanguard, the world’s second-largest asset manager, has ruled out re-entering China’s fund industry even as the group seeks to accelerate its global expansion beyond its biggest market in the US. Chris McIsaac, head of Vanguard’s … Read more

Saudi Aramco steps up e-fuel investment to prolong combustion engine era

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest oil company is stepping up investment in synthetic fuels derived from renewable energy, as it bets on the conventional combustion engine to remain a crucial part of transport despite the shift towards … Read more

Mohsin Issa to step down as chief executive at UK petrol station chain

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mohsin Issa, the co-founder of petrol station chain EG Group, is stepping down as the company’s chief executive ahead of the group’s planned initial public offering. Russell Colaco, the UK-headquartered company’s current chief financial officer, … Read more

Zonal pricing could undermine Scottish energy sector, warns Forbes

Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. The introduction of zonal pricing for electricity would be “hugely challenging” for Scotland, the deputy first minister has warned, and urged the UK government to provide urgent certainty on the pivotal decision. Kate Forbes told … Read more