Hello, I’m Emma Dunkley on the Asset Management team and I’m filling in for Harriet today. One scoop to start: The Financial Times reveals how advisers had warned former Aberdeen chief executive Stephen Bird against rebranding as Abrdn and even requested that the UK asset manager exclude their consultancy name from marketing material. In today’s … Read more
European companies that have added a US listing often do not see an uplift to their valuations, the Financial Times has found, in a challenge to some executives’ claims that a New York stock market presence is a sure-fire route to higher share prices. An analysis of 12 European-listed companies that have added US listings … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The top lobbyist for British banks has been watching gleefully as several proposals he made to the government for easing regulation are happening before his eyes, from axing the payments watchdog to reworking the … Read more
Investors are turning to sanctions-proof bets on Russian bonds and the rouble to wager that Donald Trump’s rapprochement with Vladimir Putin will send a wave of capital rushing back into Russia’s economy. Hedge funds and brokers have been scoping out how to trade Russian assets that have been shunned by the west but which they … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will on Monday pledge to change the law to restrict merger investigations by the UK competition watchdog, as part of her bid to boost corporate confidence and economic growth by easing business regulation. … Read more
A SpaceX Dragon spacecraft arrived at the International Space Station at 1:35 a.m. Eastern time, paving the way for Suni Williams and Butch Wilmore — two NASA astronauts who have remained in space for months longer than planned — to finally return home. The Crew-10 mission, an international team of four astronauts from the U.S., … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Relations between Brazilian miner Vale and the government have improved, according to the head of one of the world’s top iron ore producers, in a boost for a group that relies on public authorities for … Read more
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Green energy stocks have fallen back to levels last seen five years ago ahead of an environmental, social and governance frenzy that pushed them to record highs, as uncertainty over political support for the clean … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe needs a “big bang moment” to boost long-term investment in companies and capitalise on this year’s surge in the region’s stock markets, according to the head of Germany’s stock exchange. Stephan Leithner, chief executive … Read more
Four astronauts will have to wait at least until Friday to head the International Space Station. This otherwise routine rotation of crew on the space station is garnering extra attention because it will at last allow the return to Earth of Suni Williams and Butch Wilmore, two NASA astronauts whose brief scheduled visit to the … Read more