as

WeWork’s prophet has lost his charisma

Adam Neumann transformed shared offices but failed to charm stock market investors




as

Chasing wealth managers is a risky business

Private banks are fighting to advise billionaires who want a lot for their money




as

A diamond is not forever at a fashion house

LVMH’s $14.5bn bid for Tiffany shows power passing from gem miners to luxury marketers




as

Europe has a problem with its SUV habit

The continent faces a new emissions scandal as family vehicles grow bigger and heavier




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LVMH has become a luxury department store

Bernard Arnault’s company is the modern incarnation of La Samaritaine and Neiman Marcus




as

Peloton’s sexist Christmas ad has another problem

Misjudged commercial is an example of an especially troublesome type of marketing mistake




as

Investors hunt for ‘survivors’ in US earnings season

In crisis mode, profits and growth matter much less than ability to ride out a downturn




as

US small-caps rebound as equity rally broadens

Smaller companies in ‘epic rally’ on optimism over coronavirus and policy support




as

US reopening/stocks: dicing with disaster

Bullish investors and gung-ho governors are setting themselves up for a big reality check




as

Rio weighs closure of Icelandic smelter as it struggles with power costs

ISAL facility remains unprofitable as aluminium producers face weaker demand and prices




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Sanjeev Gupta pledges to invest €2bn as part of emissions fight

Liberty Steel to modernise European plants in effort to become carbon neutral




as

British Steel’s Chinese rescuer to complete purchase next week

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved




as

Lufthansa considers filing for creditor protection as aid talks stall

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions




as

BA to cut up to 12,000 jobs as aviation outlook darkens

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels




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Ryanair to axe up to 3,000 jobs as it warns over slow recovery

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years




as

Heathrow’s third runway plan faces further delay of at least two years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed




as

United Airlines prepares to cut workforce to reduce cash burn

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions




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London Gatwick under a cloud as carriers threaten to quit airport

Virgin Atlantic could be followed by British Airways in abandoning UK’s second-biggest gateway




as

Shell dividend cut puts Big Oil investment case in focus

Supermajors’ status as reliable income stocks questioned as earnings plunge




as

Chevron to slash spending further despite robust first quarter

Earnings of $3.6bn exceeded expectations ahead of collapse in global oil demand




as

ExxonMobil suffers $610m loss after hit from oil and gas prices

Biggest US oil company takes $2.9bn charge to account for crude’s plunge




as

South African Airways suspends some flights to save cash

State-backed carrier starts cancelling flights as vital government funding is delayed




as

Sasol plans South Africa’s biggest rights issue in decades

Petrochemicals group to launch sale of up to $2bn in shares as part of debt reduction push




as

Takeaway suitor Naspers flaunts $8bn takeover budget

South African ecommerce group insists it remains in acquisition mode




as

Dow enters bear market as pandemic declared

Investors fret over the level of economic stimulus Washington is likely to provide




as

US stocks fall 10% in worst day since 1987 crash 

Wall Street’s late sell-off came on top of Europe’s worst-ever single day performance




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Wall Street has best day in decade as stimulus nears

S&P 500 closes more than 9% higher as investors cheer Fed backstops and political progress




as

GPIF hunts for overseas bonds to escape Japan’s low yields

Strategy shift comes shortly after $1.4tn fund’s CIO tweeted he was stepping down




as

Japan’s corporate cash-hoarders have moment in sun

Virus’s swift and unforgiving economic effect may silence activists




as

Asia stocks higher after latest US coronavirus stimulus

Shares rally this week on hopes that spread of pandemic may be easing




as

Blackstone makes new investment in coronavirus-hit casinos

Private equity group acquires 10% stake in Australia’s Crown Resorts




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Coronavirus fears hit UK property market as viewings dry up

Buyers and sellers worry about risk of infection, say agents




as

Nationwide pulls tracker mortgages after historic base rate cut 

Mortgage products tracking base rate vanish as ‘the numbers no longer stack up’ 




as

Fed buys more mortgage bonds as rates rise above 4%

US central bank accelerates purchases to stabilise market for securities backed by home loans




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UK property demand plunges as virus takes hold

60 per cent decline in sales predicted in the next three months




as

Fannie and Freddie could need bailout if lockdown lasts

Regulator says US mortgage guarantors have sufficient resources for about 12 weeks




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Hot springs and baseball stadiums core to Japan’s national security

Activists wary after finance ministry names ‘core’ stocks covered by law on foreign investment




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Coronavirus: Pence aide tests positive for Covid-19 — as it happened




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Slowly easing the lockdown and the rising costs

Boris Johnson will set his exit strategy on Sunday, but changes will be limited




as

US lawmakers clash over new stimulus as jobless rate soars

Scale of unemployment underscores urgency of additional emergency relief funds




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Coronavirus latest: Spain’s Sánchez urges caution as lockdown is eased




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My First Million: Nicholas Gill, chief executive, David Phillips

We grew too fast, but came back stronger




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Insurer Geico offers $2.5bn of discounts as car accidents dwindle

Industry expects a sharp decline in claims as drivers stay at home during coronavirus pandemic




as

Battle between insurers and US business has just begun

Sector faces existential moment as Trump wades into debate over Covid-19 claims




as

FT ranking: Asia-Pacific High-Growth Companies

Coronavirus means many businesses face an uncertain future but the region’s fundamentals will aid recovery




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FT High-Growth Companies Asia-Pacific

Businesses shift their focus from scale to survival as a coronavirus-led downturn takes hold — but the region’s underlying growth prospects bode well for the recovery




as

Admiral to refund £110m of premiums as drivers stay at home

Move by UK group will put pressure on other insurers to follow suit 




as

Why the cost of protecting directors from lawsuits has soared

Tesla’s decision to buy liability cover from Elon Musk instead of a traditional insurer comes after premiums shot up




as

The detective work required to ease lockdown

We need more and better surveys from across the globe to help us take the right course




as

How the coronavirus threatens Asia-Pacific’s $7tn pensions market

Sector across region hit by fears of panicked mass withdrawals due to pandemic