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UK’s biggest care home group warns of coronavirus hit to business

HC-One says rising costs and lower occupancy rates are putting strain on finances 




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PageGroup/cycles: stealth steady Eddy

Although the recruiter is resilient to downturns, it is not immune to them




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Imperial Brands needs some change for the better

News of chief executive’s departure highlights problems the tobacco group faces




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Staff shortages make it hard work for UK employers

Tight labour market gives job candidates more power in recruitment process




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Recruiter Hays hit by slowdown in German market

Profits also dented by strikes in France, UK election and Australian bushfires




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Megamerger of Korean shipbuilder rivals draws EU scrutiny

Brussels opens in-depth investigation into Hyundai Heavy and Daewoo Shipbuilding merger




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Ammonia flagged as green shipping fuel of the future

Marine operators are looking to clean up their act




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Oil tanker owners cruise to bumper quarter as rates surge

Cost of hiring a very large crude carrier rises past $200,000/day




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Orange becomes first big European telecoms group to cut dividend

Chief of French state-backed company said decision was made with ‘heavy heart’




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Huawei revenue rises despite coronavirus challenges

Chinese telecoms group reports 1.4% rise in first-quarter sales to $25.7bn




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O2 threatens legal challenge to UK 5G auction

Mobile operator’s move could potentially delay sale already affected by coronavirus upheaval




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Telefónica confirms UK merger talks with Liberty Global

Combining Virgin Media and O2 would reshape British telecoms market




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The Cable Cowboy gets back in the saddle

Liberty Global’s buccaneering owner sets his sights on Telefonica’s O2




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How vintage Ikea became a hit for fans of flat-pack chic

There’s more to the Swedish interiors giant than Billy bookcases




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Lucinda Williams swaps reflection for action in Good Souls Better Angels

New album channels protest music and social comment through Delta blues mythology and psych-rock




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Natalya Romaniw: Arion: Voyage of a Slavic Soul

The opera singer gets to the heart of the music in tender performances




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Boris Johnson urges ‘maximum caution’ over easing lockdown

Downing Street says any changes will be ‘very limited’ to avoid second peak of infections




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All change as rail franchises reach end of the line

Termination of Northern contract signals wider problems with privatised system




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UK suspends rail franchise system after passenger numbers slide

Move will last for at least six months as coronavirus disruption takes toll




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Sports clubs get smarter in their search for top management

The recruitment process in the industry is slowly starting to turn more professional




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IHG warns coronavirus is hotels’ ‘most significant challenge’

Holiday Inn owner outlines ‘visible’ hygiene changes as rival Hilton reports slide in revenue




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Test your gastronomic knowledge with our food quiz

There are 30 brain teasers, including which restaurant’s menu featured the Egg Bender?




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FT Weekend Quiz: George Bernard Shaw, ‘Frasier’ and Harry Potter

Our ‘Round on the Links’ quiz tests your ability to draw connections. Thinking caps on!




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Stiff challenges ahead as governments look to reopen economies

Companies must balance costs of staying shut against concerns for staff safety




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There are worrying signs of a post-Covid cancer surge

Hope is not lost. An army of organisations, private hospitals and industries could be mobilised




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Largest US meat company warns food supply chain is breaking

Tyson chairman flags shortages as slaughterhouses and processing plants are forced to shut




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PepsiCo’s food and drink combo serves it well in lockdown snacking surge

Sales rise but company warns revenues will decline as bar and restaurant closures hit beverages




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Europeans urged to eat their way through steak, chips and cheese glut

Food and farm industry desperate to shift mountain of produce as pandemic decimates demand




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Opposition rises to exit package for ex-McDonald’s chief

Steve Easterbrook lost his job after relationship with colleague but kept stock options




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Plant-based burgers to compete with real meat prices

Beyond Meat and Impossible Foods spy retail opportunities as meat industry struggles with virus




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Americans’ $2bn lockdown booze binge

Sales for drinking at home soar but alcohol companies say they do not offset bar closures




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Deutsche Bank overhaul, challenger banks and Citigroup

Patrick Jenkins and guests discuss how the overhaul at Deutsche Bank is going, catch up with the challenges facing challenger banks and look at why Citigroup is coming under pressure to restructure. With special guest Mark Mullen, chief executive of Atom Bank


Contributors: Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent, David Crow, banking editor, Nick Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producers: Andrew Georgiades and Fiona Symon

 

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UK mortgage market, Indian banks and UBS leadership

Patrick Jenkins and guests discuss the outlook for the UK mortgage market, the reform of India's state-owned banks and leadership changes at UBS. With special guest Darren Cook, Mortgage Analytics Manager at Moneyfacts.


Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Benjamin Parkin, Mumbai correspondent, Alice Ross, wealth correspondent, and Stephen Morris, European banking correspondent. Producer: Fiona Symon

 

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Facebook's Libra, UK digital banks and JPMorgan metals traders charged

Patrick Jenkins and guests discuss Facebook's recent talks with the world's central bankers on its plans for a digital currency, whether the UK's challenger banks can maintain their astonishing rate of expansion, and a potential scandal at JPMorgan as three of its metals traders are charged with market manipulation. With special guest Tom Merry, managing director at Accenture Strategy.


All FT stories will be free to read on Wednesday September 18th when there will be a paywall freeze. Here are some recommendations to get you started:

ECB prepared to cut rates again, says its chief economist

Swedbank admits to money-laundering failings

https://www.ft.com/content/c65b32d8-d648-11e9-a0bd-ab8ec6435630


Contributors: Patrick Jenkins, financial editor, Mehreen Khan, Brussels correspondent, Nicholas Megaw, retail banking correspondent, and Henry Sanderson, commodities correspondent. Producer: Fiona Symon

 

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Germany moves to unblock eurozone banking union

Patrick Jenkins and guests discuss Germany's concession that could unblock progress towards a eurozone banking union, investor moves against Deutsche Bank chairman Paul Achkleitner, and what's behind the recent spate of personnel changes in investment banking. With special guest Lorenzo Bini Smaghi, chairman of Société Générale.


Contributors: Patrick Jenkins, financial editor, Martin Arnold, Frankfurt bureau chief, Olaf Storbeck, Frankfurt correspondent, Jonathan Guthrie, Lex editor, David Crow, banking editor, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Outlook for German banks

Patrick Jenkins and guests discuss the health of German banks in the wake of bearish comments from Moody's and the Bundesbank, Unicredit's potential share buyback and why European banks appear to be retrenching in the US. With special guest Magdalena Stoklosa head of European banks research at Morgan Stanley.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Olaf Storbeck, Frankfurt correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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HSBC targeted by Hong Kong protesters, SocGen M&A

Patrick Jenkins and guests discuss why protesters in Hong Kong are targeting HSBC, whether Société Générale is in a position to merge with other banks and the challenges facing banking in 2020. With special guest John Garvey, Global Head of Financial Services at PWC.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, George Hammond, finance reporter, Stephen Morris, European banking correspondent, Robert Armstrong, US finance editor and John Garvey, Global Head of Financial Services at PWC. Producer: Persis Love

 

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Barclays bonuses, Goldman's consumer gamble and Amigo's share plunge

Matthew Vincent and guests discuss the double-digit fall in the 2019 bonus pool for Barclays investment bankers, Goldman Sachs's shift in focus towards consumers, and UK subprime lender Amigo's dramatic fall in value. With special guest Dr Monica Franco-Santos, reader in governance at the Cranfield School of Management.


Contributors: Matthew Vincent, regulation correspondent, Stephen Morris, European banking correspondent, Laura Noonan, US banking editor, and Nicholas Megaw, retail banking correspondent. Producers: Fiona Symon and Persis Love

 

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Coronavirus contingency planning

Matthew Vincent and guests discuss European banks' readiness to handle a coronavirus epidemic, whether Europe’s investment banks are in full retreat in the US, and Deutsche Bank’s compliance problems in the UK. With special guest Miles Celic, chief executive of TheCityUK


Contrbitutors: Matthew Vincent, regulation correspondent, Katie Martin, capital markets editor, Stephen Morris, European banking correspondent, and Laura Noonan, US banking editor. Producers: Fiona Symon and Persis Love

 

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Libyans suffer water and gas shortages as they confront Covid-19 

Worsening conditions in the capital increase threat posed by the virus




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A fridge full of booze is a lockdown hazard

Addiction experts say Covid-19 could tip heavy drinkers into full-blown alcoholism




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Coronavirus bursts the US college education bubble

Soaring fees, worthless degrees and dicey investments have hurt the economy




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US House passes 2-year budget deal despite Republican opposition

Agreement raises spending by $320bn but has limited offsetting budget cuts




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Pop stars of a certain age

The music scene is currently awash with aging rockers and pop groups re-united. Take That, complete with Robbie Williams, will tour next year; space rockers Hawkwind, formed in 1969, tour the UK next month; while Lemmy, born 1945, is currently taking the stage with Motorhead. Whatever happened to “hope I die before I get old”? Aren’t they old enough to know better? Neville Hawcock, deputy arts editor, talks to Peter Aspden, the FT’s arts writer, and Richard Clayton, who regularly reviews pop for the paper.  


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Is this a golden age for children’s theatre?

War Horse has just won five Tony Awards; last year the RSC put on an acclaimed production of Matilda; and now Punchdrunk are staging their first show for children, The Crash of the Elysium. Is children’s theatre on the up – or is it still the poor relation of “proper” theatre? Where is the new writing among the successful adaptations? And what are the best shows on in Britain this summer holiday? Jan Dalley puts these questions to Tony Graham, artistic director of London’s Unicorn Theatre, Sarah Hemming, FT theatre critic, and Neville Hawcock, deputy arts editor – as well as to four budding young critics. Produced by Griselda Murray Brown  


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Peter Aspden on the heritage impulse

With "The Rite of Spring" in Paris and the Armory Show in New York, 1913 was a key moment for modernism. But it also marked a turning point in Britain's attitude to its past, says the FT's culture columnist  


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Iron Lady, golden age: Jan Dalley on Thatcher’s legacy

Artists responded vigorously to the confrontational politics of Margaret Thatcher’s premiership – but the vivid creativity of the time had its roots in an earlier era, argues the FT’s arts editor  


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Age of innocence? Julius Purcell on the cultural legacy of 1913

Pre-first world war Vienna has some curious parallels with Spain today  


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Howdy, Podner! Peter Aspden on Las Vegas’s heritage impulse

The Nevada resort, a byword for pleasure-seeking in the here and now, is starting to take its history seriously, says the FT’s arts writer  


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Look at me: Suzi Feay on the perils of self-indulgent art

“Those who live to please, must please to live.” But these days it’s often our privilege to watch the performers having a good time  


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