Deliveroo’s £7.6bn listing in March 2021 was hotly anticipated, but after just one day of trading the flotation was derided by one of the company’s own bankers as “the worst IPO in London’s history”. Four years later, the food delivery business is set to be swallowed by its US rival DoorDash at less than half … 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 professor of economics at London Business School and vice-president of the Centre for Economic Policy Research The policy unpredictability of the Trump administration has accelerated questioning of the long-term viability of the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US companies are planning to buy back a record $500bn of their own shares, as they seek to deploy their huge cash piles at a time when President Donald Trump’s policies are adding to uncertainty over … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of a US-listed mining company has warned the industry to remain “disciplined” after the price of gold surged to a record high, urging executives to avoid a repeat of the mistakes made during … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world European companies are sounding the alarm over the strong euro, as the single currency’s surge against the dollar this year opens up a new threat to exporters already contending with US President Donald … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When a Delaware state judge nullified a $55bn equity pay package awarded by Tesla to Elon Musk in 2024, she asked a good question. Why did Musk need any more incentive to raise the stock … Read more
One thing to start: WhatsApp won a $168mn jury verdict in a case against NSO Group, the Israeli maker of Pegasus spyware, for exploiting a weakness in the encrypted messaging platform and selling it to clients who used it to surveil journalists, activists and political dissidents. And another thing: Slaughter and May has said it … Read more
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. The Taiwanese dollar recovered its footing today, but as we’ve written before, what happens in Taiwan might not stay in Taiwan. Understandably, there are still concerns that the recent dash for dollar hedges from Taiwanese life … Read more
Stay informed with free updates Simply sign up to the EU energy myFT Digest — delivered directly to your inbox. The European Commission plans to force EU companies to reveal details of their Russian gas contracts, as it seeks to crack down on fuel imports from the country. Companies would be required to disclose the … Read more
