London Metal Exchange fined by UK regulator over 2022 chaos in nickel market

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK financial regulator has fined the London Metal Exchange £9.2mn for having inadequate controls during a week of chaotic trading in the nickel market in 2022. In a statement on Thursday, the Financial Conduct … Read more

Retail traders are BTFD in Tesla

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla has now lost about half its value since its December peak and still trades at over 100 times earnings. But wherever there’s a falling knife, there’s a day trader poised to catch it. JPMorgan … Read more

Goldman’s next king?

One thing to start: Elon Musk’s X has raised about $1bn in a new equity funding round that values the social media company at $44bn, bringing its valuation back in line with the price the billionaire paid in 2022. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is … Read more

Retail traders take on hedge funds in Europe’s answer to ‘meme stock’ mania

A handful of European stocks have become a battleground for retail traders taking on hedge fund short sellers, in a campaign with echoes of the “meme stock” craze that gripped Wall Street during the Covid-19 pandemic. Companies including Germany’s Hensoldt and Renk Group and French satellite business Eutelsat have surged in recent weeks, far outstripping … Read more

Smarter rules will unlock the funds needed to pay for Europe’s security

Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. The author is prime minister of Luxembourg Europe is at a critical moment in its history. Our challenges — geopolitical, demographic, ecological, digital — demand a quick, effective response. We must deliver solutions … Read more

Is this the start of a period of European exceptionalism in markets?

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management Is this the beginning of a period of European exceptionalism in markets? Six months ago, most investors would have … Read more