CashNews.co British companies are buying back their shares at a faster rate than even US groups, adopting a practice that has drawn criticism for allegedly detracting from investment and innovation and come under fire from lawmakers in both countries. FTSE 100 companies made commitments to buy back at least £56.9bn of shares last year, according […]
CashNews.co Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. Last week was a terrible one for UK assets. Goldman’s portfolio strategy team put together this chart depicting quite how terrible it was, showing the quantum of the hit taken by a mix of UK […]
CashNews.co Eswar Prasad, professor at Cornell University and senior fellow at the Brookings Institution, said China’s 2024 GDP result was a “Pyrrhic victory” that should not distract Beijing from efforts to rebalance its economy towards more sustainable growth. The results will also underline doubts about China’s official data, which analysts increasingly worry is not reflecting […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple’s newly appointed chief financial officer disputed claims the iPhone maker enjoys profit margins of about 75 per cent on its App Store as he became the first senior Big Tech executive to testify […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rio Tinto and Glencore held talks last year about combining part or all of their businesses, in an indication of how the push by mining companies to secure metals needed for the energy transition […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. American Express will pay about $230mn to resolve a US federal investigation into allegations that it deceptively marketed credit card and wire transfer products to small businesses. The Department of Justice said the alleged […]
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Scott Bessent said the US should increase sanctions on Russian oil producers to force Moscow to negotiate with Ukraine as he criticised the Biden administration for not being tougher on Vladimir Putin’s […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Measured next to its rivals, America’s second-largest bank has been a third-rate investment. Bank of America stock is up 2 per cent over the past three years, while JPMorgan’s is up 67 per cent. […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s Financial Conduct Authority has been drawn into an increasingly fractious activist campaign targeting seven investment trusts as concerns mount over retail investors’ interests. The FCA has contacted the largest retail investment sites […]
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s pick for secretary of the interior has warned the US could lose the “AI arms race” to China unless it boosts generation of energy from fossil fuels and stabilises its […]