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    fastFT

    Market-moving news and views, 24 hours a day

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    • Monday, 10 August, 2020
      Washington D.C.
      Trump briefing interrupted by shooting outside White House

      Secret service opened fire outside perimeter and suspect taken to hospital, president says

    • Monday, 29 June, 2020
      BP PLC
      BP agrees $5bn sale of petrochemicals business to Ineos

      Oil group moves to bolster finances as energy sector takes a financial hit from coronavirus

    • Thursday, 18 June, 2020
      European Central Bank
      Banks rush to borrow record €1.3tn at negative rates from ECB

      Central bank offers ultra-cheap loans to prevent pandemic becoming credit crunch

      By offering multiyear loans to banks at an interest rate below its main deposit rate, the ECB is effectively providing a subsidy for the banking system
    • Thursday, 18 June, 2020
      European companies
      Wirecard: katastrophe

      Some news from Aschheim.

    • Thursday, 18 June, 2020
      Lloyd's of London Ltd
      Lloyd’s and Greene King apologise for their roles in the slave trade

      Insurance syndicate and brewer have offered donations to charities promoting diversity

      Demonstrator Clapper Priest protests in front of the Lloyd’s Building in the City of London on Thursday. In a statement, Lloyd’s said: ‘We are sorry for the role played by the Lloyd’s market in the 18th and 19th century slave trade’
    • Tuesday, 16 June, 2020
      Oil
      Oil demand drop set to last throughout 2021 and beyond, warns IEA

      International Energy Agency estimates appetite for crude next year will be below 2019 level as aviation sector struggles to recover

    • Wednesday, 10 June, 2020
      The Restaurant Group PLC
      Restaurant Group to close 125 stores as it launches CVA

      Closures to largely impact Frankie & Benny’s chain as pandemic deepens crisis in casual dining sector

    • Thursday, 4 June, 2020
      Eurozone economy
      ECB boosts bond-buying stimulus package by €600bn

      Central bank ratchets up efforts to prevent eurozone slipping into deflationary spiral

    • Thursday, 4 June, 2020
      Aston Martin Lagonda
      Aston Martin and Lookers cut thousands of jobs as UK car sales slump

      ‘Devastating’ month for British industry as demand falls 90%

    • Wednesday, 27 May, 2020
      British Land Co PLC
      British Land suffers £1bn hit from retail tumult

      Property company dented by coronavirus impact and boom in ecommerce

    • Thursday, 21 May, 2020
      Turkey
      Turkey cuts rates for ninth time in a row in bid to spur growth

      Country has sharply reduced lending rates as it attempts to shield economy from coronavirus

    • Wednesday, 20 May, 2020
      Rolls-Royce Holdings PLC
      Rolls-Royce to cut 9,000 jobs to prepare for years of disruption

      UK aero engine maker to axe a fifth of workforce in biggest single reduction in headcount in 3 decades

    • Tuesday, 19 May, 2020
      Volkswagen AG
      VW pays €9m to close case against CEO and chairman

      Herbert Diess and Hans Dieter Pötsch had been charged over Dieselgate accusations

    • Tuesday, 19 May, 2020
      Ovo Energy Ltd
      UK energy supplier Ovo to cut 2,600 jobs

      Meter readers and back-office roles face cull as virus emergency hits business

    • Monday, 18 May, 2020
      Thyssenkrupp AG
      Thyssenkrupp to slim down under restructuring plan

      German industrial giant will transform into a company with ‘the leanest possible holding’

    • Tuesday, 12 May, 2020
      Wm Morrison Supermarkets PLC
      Morrisons highlights slump at petrol pumps

      Decision on whether to pay special dividend deferred until later in the year

    • Thursday, 7 May, 2020
      International Airlines Group
      British Airways parent slams possible UK quarantine plans

      IAG boss Willie Walsh warns people will not fly if government brings in new measures

    • Thursday, 7 May, 2020
      Air France-KLM
      Air France-KLM prepares for years of shrunken demand

      Airline forecasts capacity will be almost wiped out in the second quarter

      Air France-KLM does not expect demand to recover ‘to pre-crisis levels before several years’
    • Thursday, 7 May, 2020
      US employment
      US jobless claims of 3.2m take pandemic toll beyond 33m

      First-time unemployment benefit claims data indicate peak reached in late March

    • Thursday, 7 May, 2020
      Norges Bank
      Norway cuts rates to zero as economy faces twin shocks

      Norges Bank says it has no plans to go negative as country wrestles with coronavirus and oil price collapse

    • Wednesday, 6 May, 2020
      ITV PLC
      ITV advertising revenues tumble 42% in April

      British TV network unable to provide guidance for the rest of 2020 as outlook is ‘uncertain’

    • Wednesday, 6 May, 2020
      Virgin Money PLC
      Virgin Money profits halve as it prepares for surge in bad loans

      UK lender is latest to warn coronavirus-induced economic disruption will hit its clients

      Virgin Money’s impairment charges in the six months to March tripled to £232m
    • Tuesday, 5 May, 2020
      Fiat Chrysler Automobiles
      FCA posts €1.7bn loss as plant closures hit car market

      Maker of Fiat and Chrysler burns through billions of euros in cash in first quarter

      A plastic sheet separates two workers at the FCA plant in Atessa, Italy, as a safety measure amid the coronavirus crisis
    • Tuesday, 5 May, 2020
      BNP Paribas SA
      BNP warns coronavirus could dent 2020 profits by a fifth

      ‘Drastic revisit’ of outlook at French bank as dividend cuts and cancellations hit equities trading

      BNP said the restriction on dividends contributed to ‘exceptional volatility’, leading to a dislocation in complex equities products
    • Tuesday, 5 May, 2020
      UK economy
      UK business activity drops to lowest level on record

      April PMI data suggest economic downturn could be worse than ‘anything seen in living memory’

      A woman wears a mask as she walks past a boarded-up pub in London on Monday
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