Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Companies have abandoned almost half the projects in a $5bn Texas programme to fund gas power plant construction and prevent more electricity blackouts, as they struggle with ballooning expenses and supply chain delays. … 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 Hong Kong’s Animoca Brands plans to list in New York as Donald Trump’s light-touch regulation of digital assets offers a “unique moment” to enter the world’s largest capital market, says the boss of … Read more
Markus Villig knows all about Europe’s aversion to investment risk. The chief executive of Estonian ride-hailing app Bolt “met almost every venture capitalist” on the continent before securing most of Bolt’s $1bn-plus in funding from US investors. “The reason we lost out wasn’t [because rival apps] had a better product. It’s because they had access … Read more
Until now, UK investment firms with a strong domestic focus could largely ignore the waxing and waning of the ESG wars on the other side of the Atlantic. But things may be about to change. The big British political story of the past few weeks is the storming local election success of Reform UK, with … Read more
One scoop to start: Macquarie-controlled Southern Water asked Ares Management and other lenders to write off about £370mn of debt, in an effort to allow new equity to flow directly into the utility’s heavily-indebted operating company. And another thing: Activist investor Elliott Management has won the backing of influential proxy adviser Institutional Shareholder Services for … Read more
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Rachel Reeves will on Tuesday set out contentious “backstop” plans to force large pension funds to invest up to £50bn in private assets if they fail to meet voluntary targets in a new “Mansion House … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks soared on Monday as investors bet that the tariff agreement between Washington and Beijing meant Donald Trump’s trade war was moving beyond its most intense phase. The blue-chip S&P 500 ended the day … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. American Bitcoin, the US cryptocurrency miner backed by Eric and Donald Trump Jr, will list its new venture on Nasdaq, aiming to tap into investors’ enthusiasm for equity vehicles that stockpile cryptocurrencies. The company, formed at … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For sale: a giant heap of a much-used and politically strategic metal bouncing back from historically low prices, wrapped in a listed company. While it may sound like an odd pitch, the case for Cobalt … Read more
