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Author: ricardofrancois
Stay informed with free updatesSimply subscribe to myFT Digest for Real Estate – delivered straight to your inbox.A house in London is more likely to sell for above its asking price than elsewhere in England and Wales for the first time since 2016, underscoring evidence of a rebound in the capital's housing market. A quarter of homes for sale in London (25.1 per cent) sold for more than their asking price in the first three months of this year, slightly more than the 24.5 per cent in England and Wales as a whole. Five years ago, London was lagging significantly…
This article is the on-site version of our Crypto Finance Newsletter. Premium subscribers can sign up here to get the newsletter delivered every week. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello and welcome to the FT Cryptofinance Newsletter. Ripple Labs said Thursday it would launch a stablecoin, and within hours bitcoin emerged from its slumber, rising as much as 4.5 percent. The reaction underscored that, more often than not, it's not the weight of US ETFs that drives the price of Bitcoin.Since the arrival of Bitcoin ETFs in the US in January, a widely accepted…
Check out the companies making headlines before the bell. Shockwave Medical – The medical device stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. This deal will enhance Johnson & Johnson's portfolio of cardiovascular devices. Krispy Kreme – Shares of the donut chain rose 5% in premarket trading after Piper Sandler upgraded the stock to overweight from neutral. Krispy Kreme is on the verge of a major growth move after brokering a national partnership with McDonald's last week, the Wall Street firm said. She described the partnership as a “game changer” for the…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The Body Shop has collapsed owing almost £50m to unsecured creditors who face being left out of their pockets as administrators pursue a company voluntary arrangement in a bid to keep the retailer's remaining stores open.“It was not possible to estimate the level of distribution that could be made” to unsecured creditors such as suppliers and landlords, although “there will be profits available” if a successful cash transfer program is successful, officials at consultancy FRP said in a report.A CVA is a…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Individual investors are increasingly finding that they should use open-end collective investment schemes such as mutual funds to invest in stock markets, rather than investing directly in the underlying securities. The rise in popularity of passive funds has exacerbated herd mentality, which has led to a major collapse in direct retail participation in UK stock markets.Since 1963, UK retail investor participation in UK stock markets has fallen from 54 per cent to 10.8 per cent in 2022, according to ONS figures. While…
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here for the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for the latest ESG news, views and analysis from across the Financial Times Hello from New York. Before we start today's newsletter, I'd like to mention some big developments regarding the Inflation Control Act, the Biden administration's landmark green legislation. Yesterday, the government announced three organizations that received a total of $14 billion from the National Clean Investment Fund,…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.CFO Christophe Salmon and CEO Jose Maria Larocca are set to leave Trafigura in the commodities trader's second leadership change in seven months.The departures come after a period of record performance for the privately held business, which generated profits of $7.4 billion in 2023 and agreed to pay a record dividend of $5.9 billion to its 1,200 employees who own the company.Salmon, who joined Trafigura in 2012 and served as CFO for nearly 10 years, will retire in June and will be…
The Tata Group currently owns 51% of Vistara shares, with the remaining 49% owned by Singapore Airlines.norphoto | norphoto | Getty ImagesIndia's Vistara airline has reduced its flights following cancellations and delays throughout the week, as pilots went on strike over a salary review. Pilots called in sick to protest the terms of their new contract that will come into effect following the carrier's upcoming merger with Air India, causing the airline to cancel 150 flights, while as many as 200 flights have been postponed since Sunday, according to local media. Reports.The Tata Group, which holds a 51% stake in…
Washington – Hours after Israel killed seven employees of a US-based relief organization in Gaza, sparking global outrage and an apology from the Israeli prime minister, the country's top military official promised a transparent and thorough investigation. Lieutenant-General Herzi Halevy, the IDF Chief of Staff, said that Israeli air strikes on a three-vehicle convoy carrying Global Central Kitchen workers would be examined by an “independent body.” “It shouldn't happen.” This “independent body” is an Israeli system led by the Military Advocate General, or MAG, the senior lawyers who oversee the conduct of war and other rule of law issues for…