Shell to hand $3.5bn to shareholders despite fall in profits

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell has announced $3.5bn of share buybacks, maintaining its strategy of returning large amounts of cash to shareholders despite a 28 per cent fall in first-quarter profits. The UK-listed energy major on Friday reported adjusted … Read more

Trump’s market mayhem threatens to upend world order

The turmoil in financial markets triggered by Donald Trump’s sweeping tariffs has prompted comparisons with the mayhem unleashed by former UK prime minister Liz Truss’ disastrous mini-Budget nearly three years ago.  The US president’s “liberation day” launch of a global trade war and Truss’s unfunded tax cuts both spooked investors and threatened to unhinge the … Read more