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Chair of collapsed retailer ‘devastated’ about letting down workers as taxpayer on the hook for over £40mn
Charlie Nunn tells FT Global Banking Summit companies are putting money elsewhere due to climate measures
Bank wary of uncertainty created by US-China tensions, chief David Solomon tells FT’s Global Banking Summit
Financial Conduct Authority moves to outlaw ‘misleading’ marketing in $250bn sector
Antitrust regulator says merger threatens rivals in product design software, image editing and illustration
News of move by indebted French group in negotiations with Czech billionaire follows S&P credit rating downgrade
Rising interest rates dried up lending in the credit-reliant single currency bloc
As law firm partner pay has soared, so has their desirability as clients for private bankers
Rail figures and local leaders call for more detail on Rishi Sunak’s £36bn proposed set of transport schemes
AES chief defends renewables investment despite market rout this year
Not just a cyclical blip?
The future of fossil fuels and the question of who pays for climate damage will be up for debate
Success at the UN summit in Dubai will be measured by whether a global deal can be reached on ending their use
Investment companies seal tie up as investors shun sector
Aerospace group’s pledge to quadruple operating profits looks more credible than past efforts
Reported values are resilient simply because valuers do not have transaction data to price accurately
Key drugs are due to lose exclusivity in the important US market in 2027
The group’s business model invites regulatory and political scrutiny in the US
An ambitious book that examines our global obsession with home ownership
Chief executive Tufan Erginbilgic sets out ambitious targets as part of sweeping overhaul
Low-cost carrier warns Mideast war would have an impact on 2024 results
Aviation industry hails milestone but green campaigners question whether alternative fuels are sustainable
Carmaker will use investor day to outline scale of investment reductions
Lessons in decarbonisation from Africa’s most industrialised economy
Also in today’s newsletter, Barclays to drop thousands of clients in strategic overhaul and consultants told to use burner phones for Hong Kong trips
Colm Kelleher sets target to compile shortlist for one of biggest roles in global banking
If you at first don’t succeed, try, try again
Insurance and travel group’s chief financial officer Mike Hazell to take the helm
Mid-sized asset managers likely to face competitive pressure as ‘debanking’ gathers pace
The summit host is investing big in clean energy to ensure talks are a success — and possibly to sway the outcome, critics say
Plus, Signa signals concerns in Europe and professionals take burner phones to Hong Kong
Marie Nilsson says joint decisions by employers and unions are at the heart of country’s prosperity
The Mexican-American fashion designer buys items throughout the year, then gives them as festive presents
Project Minerva also examined more radical options including raising capital for an acquisition
Start-ups on the continent are expected to raise $45bn in 2023, down from $82bn last year, as US investors pull back
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