News

Hedge fund Elliott Management has launched an activist campaign against Suncor Energy, one of Canada’s biggest oil producers, calling for an overhaul of company leadership in a bet on the future of the country’s controversial oil sands. Elliott, which said it was one of Suncor’s top shareholders with a 3.4 per cent stake, hit out

There’s a lot of debate over what makes a successful social media platform. Elon Musk promises to prioritise freedom of speech if he takes over Twitter but balancing that with moderation is a course that networks have tried to navigate since their inception. In the wake of the Tesla chief’s $44bn buyout of Twitter, the

It was barely two weeks after Carillion’s 2018 collapse that the head of the accountancy watchdog — a body accused of being “useless” and “toothless” — called for an overhaul of the audit market. There was plenty of blame to go around. The construction company’s demise had left tens of thousands of staff facing redundancy,

Voluntary insolvencies in England and Wales reached their highest level for 60 years in the first quarter to a backdrop of surging business closures, according to official statistics. In the first three months of 2022 there were about 4,900 company insolvencies, more than double the number in the same period last year, according to data

Some of the world’s largest asset managers are clamouring for a slice of the action after China announced plans this month to push more of the country’s vast pool of household savings into financial markets. Under the new schemes, employees will be able to contribute up to Rmb12,000 a year ($1,860) to private pension plans,

In recent years, there has been a growing fear among certain sections of the British public that our much loved and strictly publicly funded National Health Service is at risk of being privatised. The NHS will be secretly sold by the dastardly Tories to US corporations in a cut price deal, or so the theory

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Living costs, inflation, economic welfare, real wages Click to read the article below and then answer the questions: Cabinet split on plan to cut UK food tariffs as grocery bills rise 5.9% What is meant

Tug of war matches are rarely lengthier or more exhausting than those between the insurance industry and its customers. The conflict in Ukraine is creating many such tussles, where the outcome remains extremely uncertain. A little clarity emerged in an update from UK speciality insurer Lancashire on Thursday. It estimated its ultimate net losses in

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. It is part of a special Climate Change for Schools report. Specification: IB DP TOK themes & AOKs The arts, History Relevant BQ Spin Key terms and ideas Represented, Contextualising, Unknown, Dynamics Investigating Issues decolonisation Exhibition

Rishi Sunak, UK chancellor, has launched a consultation on radically changing the rules governing insurance companies, with the aim of allowing them to invest tens of billions of pounds more in infrastructure — including green energy. The government argues that reform of the EU’s Solvency II rules — and their replacement with a British regulatory

The US dollar surged to its highest level in two decades on Thursday as investors ramped up bets that aggressive interest rate rises from the Federal Reserve will leave other big central banks trailing far in its wake. The dollar index, a gauge of the US currency’s strength against a basket of other developed world

It is arguably the strangest thing to emerge from an English car park since they found Richard III under a Leicester pay-and-display. This time, on an equally nondescript patch of asphalt opposite a Burger King in Coventry, the focus is the future — and a purported revolution in green transport. Air-One, which opened in the

The founder and chair of one of Asia’s biggest private equity investors has criticised the Chinese government for policies that he says have resulted in a “deep economic crisis” comparable to the global financial crash. Weijian Shan, whose group PAG manages more than $50bn, said his fund had diversified away from China and was being

Over the past year, I’ve been captivated by photos taken of Bella Hadid on the streets of Paris and New York. I couldn’t pinpoint why until it recently clicked: Hadid looks like someone who is having fun with clothes, and I haven’t thought of fashion as fun for at least two decades. The American model’s style

Welcome back to Energy Source! Russian president Vladimir Putin opened a new front in the energy war with the west, cutting off gas supplies to Poland and Bulgaria after the countries refused Moscow’s demand to shift payment into roubles. The move sent gas futures on the continent soaring by as much as 20 per cent,

“Sent from heaven to finish all your educations” was how Walter Sickert defined himself in 1907 to young British artists. Aged 47, he had just completed his own education: a decade living between Dieppe and Venice, exhibiting in Paris, honing influences from his mentors, Whistler and Degas, before detonating European modernism in a domestic context

A Nasdaq-listed ride-sharing company has agreed a $100mn deal to buy UK start-up Zeelo, the latest in a string of acquisitions as technology companies push into the transport industry. Dubai-based Swvl, which listed in New York this month through a merger with a blank cheque company, has rattled through five acquisitions in the past eight

Sophisticated trading desks and compliance departments on Wall Street are facing renewed scrutiny following the arrest of Bill Hwang on federal racketeering, fraud and market manipulation charges. Hwang, 58, and former chief financial officer Patrick Halligan, 45, were yesterday accused of using Archegos Capital Management as an “instrument of market manipulation and fraud” with “far-reaching

Russia has exported €63bn worth of fossil fuels via ship and pipelines since the invasion of Ukraine, according to new data, with most going to the EU. The largest importers of Russian coal, oil and gas were Germany, Italy and China, according to an analysis of pipeline and seaborne trade by the Centre for Research

Fear of male violence distorts women’s lives. It affects daily decisions: is it safe to take that shortcut? Should I avoid that empty train carriage? Assessing risk is second nature for most of us, yet the rape and murder of Sarah Everard by a police officer in London last year turned out to be an

Number 30 Charlotte Street is holy ground for London’s restaurant cognoscenti. It was, from some point in the mid-Neolithic until well into this millennium, the site of L’Etoile, a traditional French restaurant commanded by the charismatic Elena Salvoni. It had run its course by the time it closed, but it is still wonderful to see