it

Australia’s biggest pension fund says investors will withdraw billions

Executive points to ‘heaps of liquidity’ as members get access to cash due to coronavirus




it

US state pension system hit hard by coronavirus pandemic

Sharp falls across financial markets in March have caused large drop in aggregate funded ratio




it

BNP warns coronavirus could dent 2020 profits by a fifth

‘Drastic revisit’ of outlook at French bank as dividend cuts and cancellations hit equities trading




it

Virgin Money profits halve as it prepares for surge in bad loans

UK lender is latest to warn coronavirus-induced economic disruption will hit its clients




it

Force banks to take on more capital, says Sajid Javid

Former chancellor urges lenders to keep credit flowing and not just weather the storm




it

Black is white for Anglo Irish Bank’s long-suffering shareholders

PwC’s finest scientific minds attempt to prove banks can exist in two states at once




it

Tom Wolfe, writer, 1930-2018

American literary and journalistic iconoclast who Norman Mailer said was the hardest working writer of his time




it

Charles Smith, FT journalist, 1935-2018

Editor who raised the profile of the Financial Times’ coverage in Japan




it

Imperial foxtrot: my brush with Japanese royalty

Jurek Martin recalls unlikely encounters with an ancient dynasty, from dance floor to tennis court




it

Ross Perot, businessman and politician, 1930-2019

His 19% in 1992 was best result for independent presidential candidate in 80 years




it

Cokie Roberts, political journalist, 1943-2019

A trailblazer who broke the glass ceiling in Washington




it

Pets at Home sales benefit from surge in demand

Essential retailer says coronavirus uncertainty means it will not give guidance for year ahead




it

Philips: ventilator pitch

Strategic decisions by chief executive make the Dutch company a safe bet




it

The future of fashion — focus on sustainability

How the crisis will revolutionise brands, fashion weeks and personal style




it

Reckitt posts record sales growth as disinfectant demand surges

Group ramps up production of cleaning and sanitising goods amid coronavirus crisis




it

Revolut on the hunt for acquisitions

UK fintech plans to use recent $500m fundraising to buy rivals hit by coronavirus pandemic




it

Louis Bacon’s Moore Capital gains after going it alone

Billionaire investor hits winning bets in global macro after closing to external money




it

Michael Hintze’s hedge fund hit hard by credit bets

Billionaire CQS trader hurt by exposure to default-ridden energy sector




it

This market was in trouble long before the virus hit

Harsher medicine this time round would put asset prices on a better long-term footing




it

Equity market rally runs out of steam

S&P 500 closes lower as investors await more evidence of progress against virus and extra stimulus




it

Wall Street inches higher despite spike in jobless claims 

Investors say ‘astounding’ number of unemployment claims in US had been priced into markets




it

Euroclear holds on to its cash ahead of virus downturn

Settlement house delays payout and project to let small shareholders cash out




it

UK construction sector hit by further fall in new orders

Brexit and election weigh on sentiment as builders suffer eighth month of contraction




it

Bill for pair of Carillion hospital projects doubles

Failed outsourcer’s work on Liverpool and Birmingham hospitals running years behind schedule




it

Crest Nicholson profits tumble after sales hit by Brexit paralysis

FTSE 250 housebuilder also takes charge for fire safety review after Grenfell tragedy




it

Decline in UK construction activity slows in January

PMI rises to 8-month high on reduced uncertainty but downturn continues




it

3D-printed houses could become concrete reality

The technology has significant potential to shake up the construction sector




it

Predatory investors exploit leaseholders’ cladding dilemma

Properties changing hands for tens of thousands less than market value




it

Capita’s shares hit as investors worry over restructuring

Chief Jon Lewis admits outsourcer has ‘more to do and requires more investment’ than expected




it

Women in construction need on-site experience to build their careers

Targets to include more women mean little without cultural change in the industry




it

Balfour Beatty: a constructive attitude

Should the UK deliver its promises, infrastructure contractors will be in for a bonanza




it

UK housebuilders close sites despite lockdown exemption

Taylor Wimpey and Barratt halt work in effort to stem spread of coronavirus




it

Building sites start to close despite government advice

Move comes amid escalating political row with London’s mayor over coronavirus risks




it

Construction confusion as UK working instructions published then withdrawn

Mixed messages follow industry protests over 2-metre distance ruling




it

Coronavirus pandemic deals heavy blow to UK construction activity

Work in the sector slows at fastest rate since financial crisis




it

Europe’s construction activity collapses as lockdown hits builders

Coronavirus damage to economy drives eurozone investor sentiment to a record low




it

Building site closures undermine key housing targets

Lockdown threatens UK’s push to tackle national housing shortage




it

The global elite is finally getting used to Donald Trump

Differences remain but Europe leaders are growing accustomed to US president’s style




it

Coronavirus: how the outbreak is changing global politics

The epidemic could weaken Donald Trump and Xi Jinping, feed conspiracy theories and lead to closed borders




it

Brexit solved with the sword of Damocles

The UK is being belligerent, the EU inflexible. But a deal can be done this year




it

Human rights under threat from politics

Human rights are regressing worldwide and the UN’s ability to defend them is under attack




it

How strongman leaders will exploit coronavirus crisis

It is easy to take advantage of frightened people who have accepted infringements on freedom




it

Politics and perils of running the WHO

Gro Harlem Brundtland on lessons of SARS and how to handle a pandemic




it

Joseph Nye on morality in foreign policy

Gideon Rachman talks to Joseph Nye about the role of morality in shaping foreign policy




it

Lagardère fends off Amber Capital’s bid to replace board

Activist investor sought to take control of strategy at French group led by Arnaud Lagardère




it

CVC and Blackstone in talks to invest in Italian football league

Private equity firms in separate discussions to back coronavirus-hit Serie A




it

Coronavirus threatens €10bn hit to football transfer market

Player values tumble as Europe’s top teams prepare to cut spending after pandemic weakens revenues




it

Top Wirecard shareholder calls on board to end ‘whitewash’

Union Investment says new outside executives are needed to move the company on after special audit




it

UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




it

Brussels plans new anti-money laundering authority

European Commission seeks to strengthen enforcement powers after banking scandals