CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water’s lenders are drawing up contingency plans to provide fresh funding to the struggling utility through a restructuring of its £18bn debt pile, in order to prevent Britain’s largest water provider being renationalised […]
Three former Wirecard executives found personally liable for €140mn #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former Wirecard boss Markus Braun and two other executives have been ordered to pay €140mn plus interest in damages to the defunct payment group’s administrator over violations of professional duties. In a long-running civil […]
How a weapons-grade loophole helps European financial consolidation #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Everyone likes to get more for less. For Europe’s bankers, the so-called Danish Compromise is the gift that keeps on giving. The once-transitory regulation, which dates back to Denmark’s 2012 EU presidency and grants […]
Why Europe needs its own Nasdaq #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the European companies myFT Digest — delivered directly to your inbox. The writer is founder of Siftedan FT-backed site about European start-ups Europe boasts an impressive list of tech companies it has “lost” to US capital markets. From the UK, the chip designer Arm — […]
University ties to fossil fuel industry face growing scrutiny #NewsMarket
CashNews.co This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning and welcome back to Energy Source, coming to you from New York. The Financial Times has […]
BNY seeks growth in investment services with managed account deal #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. BNY is buying Archer, a leading provider of managed account technology, as the global bank seeks to capitalise on the rush into personalised investing strategies. The newly rebranded bank plans to use Archer’s technology […]
Schroders to name Richard Oldfield as next chief executive #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Schroders plans to appoint chief financial officer Richard Oldfield as its next chief executive, according to people familiar with the matter, tasking the former Big Four accountant with restoring the fortunes of one of […]
Tech and crypto groups rush to profit from stablecoin boom #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Technology and crypto companies, and even a US state, have joined a rush to cash in on the recovery in the digital assets market by launching new stablecoins, but some industry experts warn there […]
UK water firms face tough market for new debt after Thames Water crisis #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Utilities myFT Digest — delivered directly to your inbox. Investors are demanding a higher premium to take on the debt of Britain’s most highly rated water companies in the wake of the crisis at Thames Water. Companies with stronger credit ratings, including Welsh Water, […]
Vladimir Putin’s flagship Arctic gas project struggles to lure customers #NewsMarket
CashNews.co Russia has been forced to start storing gas from Vladimir Putin’s flagship Arctic project, in a sign that western sanctions are deterring buyers. According to ship-tracking data and satellite images, three vessels have shipped liquefied natural gas from the US-sanctioned Arctic LNG 2 since it started loading operations last month. One of the ships, […]