Shares in brokerage firm drop overnight after it discloses payments to clearing houses

Downfall of carmaker’s former boss sets up clash between country’s old guard and its reformists

As the stock market plummeted last month, managers of big companies saw value 

Return of dispersion comes after years of similar returns across sectors

Rise of volatility and dispersion was supposed to bring a change of fortunes versus passive

Small-cap stocks underperformed large-caps throughout the bear market and rally

Central bank support and rising hopes for economic reopening spark April rally

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs

Price of key steelmaking ingredient has held up, despite big drop in economic activity

Move illustrates how coronavirus impact is rippling through manufacturing supply chains

Thousands of jobs at risk as coronavirus pandemic leads to a fall-off in demand

Departure comes just weeks after Moody’s cut miner’s rating to junk

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse

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

One year saving for airline would be just 5 per cent of ex-fuel operating costs

Post-Brexit Britain will need a viable industry to support global role

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

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business

Move in response to drop in prices and demand and honours unofficial pact with Opec

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings

Oil group’s share price has lost its moorings

Supermajors’ status as reliable income stocks questioned as earnings plunge

Benin crossing has been shut for three months, halting trade on vital frontier

Cyril Ramaphosa will be loath to take on the people who helped him to the ANC presidency

State-owned flag carrier struggling to pay salaries and secure funds to stay aloft

First state company to enter business rescue since end of apartheid

Eskom will remove 6,000 megawatts of demand to avert total collapse of national grid

State utility Eskom removed power to stave off grid collapse

McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire

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

Pretoria has waived rules that prevented mining groups generating electricity for their own use

Move could pave way for company to shift primary listing to London

Restrictions have hampered miner’s ability to move money out of the country

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

World’s second-largest diamond miner cites disruption along the supply chain

Country becomes first in world to halt all stock, bond and currency trading

Rising prices and flat tax thresholds since 2015 mean more homes in London and Southeast are in the top band

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

Coronavirus lockdown hits lenders’ ability to offer mortgages and evaluate properties

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

Share your experiences of trying to buy or sell a house under current market conditions 

As young renters feel the pain, parents are having to bridge the financial gaps

We grew too fast, but came back stronger

Hiscox expects $150m of claims while Beazley expects to pay out $170m

Insurers have been urged by regulators to reconsider shareholder payments during lockdown

As global lockdowns boost streaming subscriptions, filming freezes spell trouble ahead

Pandemic may spur greater use of robotics in food industry to cater for virus-wary customers

FT survey estimates that 1 in 10 employers with defined benefit schemes may look to suspend payments

A prolific American talent who defied the snobbery of literary critics