Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It has been a trying few weeks for Britain’s chancellor Rachel Reeves. The UK government reversed over £6bn of her planned savings on welfare payments. A teary appearance in parliament then added to speculation about … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Under the gilded ceiling of the Mansion House’s Egyptian Hall about 300 City grandees were asked to charge their glasses of Mâcon-Montbellet La Bergerie to the “health of the chancellor of the exchequer”. Rachel Reeves … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s financial regulator has fined Barclays £42mn for failing to properly manage money laundering risks on two occasions. The Financial Conduct Authority on Wednesday said Barclays had been fined for “failings in its financial … Read more
Zornitsa Todorova is head of thematic fixed income research at Barclays. After years of regulatory throat-clearing, the EU earlier this month finally picked Ediphy to build its long-promised consolidated tape for bonds. The pitch? One screen, all the trades. Faster, fairer, more efficient markets. Yes, we’ve heard it all before — but this time, it’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Good morning. Donald Trump announced a trade deal with Indonesia yesterday. Indonesia will be hit with a 19 per cent tariff on exports to the US — the initial threat was 32 per cent — … Read more
When €19bn software group Visma last month chose London as the venue for its future initial public offering, it signalled a success for the UK capital in more ways than one. The decision was an obvious boost for the UK’s beleaguered capital markets, where IPOs have become vanishingly rare — let alone ones of multibillion-pound … 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 a philanthropist, private investor and co-founder of Pimco Some say the world will end in fire,Some say in ice.— Robert Frost The American poet Robert Frost once wrote of the world’s potential … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Browsing one-star reviews on Trustpilot is a great way to experience vicarious outrage on behalf of overcharged or underserved customers. Going by its own pricey valuation, though, shareholders are awarding the online reviewer the full … Read more
One scoop to start: Brandon Lutnick, son of US commerce secretary Howard Lutnick, is nearing a roughly $4bn deal with an early bitcoin supporter to buy billions of dollars in the digital tokens using a vehicle backed by Cantor Fitzgerald. And another thing: Securities and Exchange Commission head Paul Atkins has pushed out the chief … 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 says British banks and insurers are choking under unnecessary regulations. This is not quite true. Even if it were, some of the first rules she has picked to unwind barely cause a hiccup. … Read more