When RSM Tenon, the UK’s first publicly listed accounting firm, collapsed in 2013, it marked the failure of the profession’s decade-long experiment with the public markets. A number of acquisitions left the UK’s then top-10 auditor saddled with debt it couldn’t service and accounting errors that regulators put down to “extensive misconduct”. RSM Tenon was … Read more
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Investors have been nervous about oil prices since Israel launched a surprise attack on Iran 12 days ago, a move that raised fears of potential disruption to crude supplies and a resulting surge in prices. How … 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 US companies are maintaining climate commitments while trimming their messaging about it, as they walk a tightrope between competing pressures on the environment, research shows. An exclusive analysis shared with the Financial … Read more
The push to decarbonise European steelmaking suffered a fresh blow last week as ArcelorMittal turned down more than €1bn in public subsidies to convert its German plants to run on greener hydrogen. The company blamed the prohibitively high cost of energy, just as Swedish steel producer SSAB also admitted to delays at its flagship low-emission … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The German financial watchdog that was criticised for badly mishandling one of Europe’s biggest accounting frauds said it has become much more active and “willing to step on toes” in the five years since Wirecard … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private equity-backed software group Visma has chosen London over Amsterdam for the planned initial public offering of the €19bn software company next year, scoring a rare win for the UK’s beleaguered stock market. British buyout … Read more
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Investors are fleeing long-term US bond funds at the swiftest rate since the height of the Covid-19 pandemic five years ago as America’s soaring debt load tarnishes the appeal of one of the world’s most … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The summer months are a time for taking a break, basking in the sunshine with friends and family, and financial markets going loopy for little or no obvious reason. As we approach the season in … 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 former global head of equity capital markets at Bank of America and is now a managing director at Seda Experts Sometimes a capital markets deal exposes the machinery of political power. … Read more
One scoop to start: Private equity-backed software group Visma has chosen London over Amsterdam for the planned initial public offering next year of the €19bn company, scoring a rare win for the UK’s beleaguered stock market. And another thing: A mediator has suggested Paramount pay Donald Trump about $20mn to settle the US president’s lawsuit … Read more