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Goodbye to all that creative destruction

In 16 years of columns on business, the only constant has been disruptive innovation




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US executives rush in record numbers to ‘buy the dip’

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




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Investors hunt for ‘survivors’ in US earnings season

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




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Stockpickers failed to take ‘big chance’ in market rout

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




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China’s US stock market flops raise governance concerns  

Companies suffer steep share-price falls while Luckin implosion highlights risks




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US reopening/stocks: dicing with disaster

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




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US stocks fall following new wave of jobless claims

European equities slip after ECB launches fresh push to bolster region’s banking system




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US stocks close out best month since 1987

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




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Stock market slide pushes Berkshire Hathaway to $50bn loss

Sell-off dents investment holdings despite uptick in operating profit




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Energy group EN+ to buy back stake from Russia’s VTB

Recently sanctioned London-listed company seeks to simplify ownership structure




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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




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England bans sale of coal and wet wood to improve air quality

Homeowners must use ‘cleaner alternatives’ for coal fires and wood-burning stoves from 2021




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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




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Four groups swoop for British Steel’s French factory

Bids complicate Chinese investor’s efforts to buy out whole of troubled company




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Vedanta presses on with plan to double oil production

Group’s founder Anil Agarwal undeterred by price crash and debt levels




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Tianqi looks to sell stake in world’s largest lithium mine 

Chinese producer moves to offload some of its majority holding in Australia’s Greenbushes project




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Rio Tinto expects rising commodity demand from China

Anglo-Australian mining group benefits from resilient iron ore price




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BHP and Rio see solid rebound in China’s steel sector

Country’s production this year expected to top 2019 if coronavirus kept at bay




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Tata Steel calls on UK to lift £50m cap on coronavirus aid

Steelmaker says more funding needed given scale and length of lockdown disruption




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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




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Airbus signals further production cut with job losses set to follow

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




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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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BA job cuts signal depth of crisis for airline sector

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




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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




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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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‘Too hard to tell’ if US travel ban will be lifted this year, says Mnuchin

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale




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Virgin Atlantic to cut third of staff to survive Covid-19 crisis

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




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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




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Norway to cut oil production by 13%

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




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Coronavirus leads to ‘staggering’ drop in global energy demand

Fall could be the equivalent of India’s total annual consumption, IEA says




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ConocoPhillips takes axe to production after $1.7bn loss

US oil producer pledges to reduce output by more than a third in June




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Oil traders turn to salt caves and train cars in storage crisis

Crash into negative prices jolts producers into cutting back




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Chevron to slash spending further despite robust first quarter

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




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Investors Chronicle: Keystone Law, BP, HSBC

Companies analysis from our sister publication




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South African Airways close to collapse

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




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African entrepreneurs pitch to Alibaba founder Jack Ma

Business contestants battle for $1m prize money in glitzy televised extravaganza




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South Africa to impose its biggest rolling power blackouts

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




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Global firms under scrutiny in Isabel dos Santos alleged corruption leak

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




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South African Airways suspends some flights to save cash

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




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Portuguese banker named in dos Santos probe found dead

Suspected suicide comes as Angolan billionaire indicted for money laundering




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Saudi Telecom to pay $2.4bn for Vodafone Egypt stake

Prospective deal comes as Riyadh-listed STC seeks to expand regionally




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South African miners applaud move to cut reliance on Eskom power

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




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Angola’s state diamond group seeks global partners to become a top 3 producer

Endiama chief wants ‘radical change’ in overhaul of country’s scandal-hit gem industry




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Anglo American ‘encouraged’ by South African move to loosen currency controls

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




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Takeaway suitor Naspers flaunts $8bn takeover budget

South African ecommerce group insists it remains in acquisition mode




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De Beers to cut diamond production by 20 per cent this year

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




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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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Tokyo stock price fall reflects virus threat to Olympics, say analysts

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off




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SoftBank: back to buybacks

Japanese tech group’s splurge on its own shares is not enough to impress investors




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US stocks jump 6% on stimulus hopes

Investors still on edge amid fears over economic impact of widespread shutdowns