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Revolut’s founder should take some M&A lessons from Warren Buffett

Company must not bet the bank on expansion; estate agents have nowhere to go




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Argentina/bonds: rumpus on the pampas 

Foreign investors have learnt the hard way that short-termism can be a virtue, not a vice




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Election: Parties back campaigning after London Bridge terror attack — as it happened

The Labour and Conservative parties are making a final push on key issues — border security and rail fares — as the election campaign nears the home stretch. Brexit concerns are also bubbling again.

Read more




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Election: Parties make final push as campaign draws to a close — as it happened

Live coverage of the UK election campaign.

Read more




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European regulators ramp up scrutiny of investment fund liquidity

Heavy redemptions during coronavirus-induced sell-off  spark concerns




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PG&E posts $3.6bn quarterly loss after wildfire settlement

California utility discloses $5bn pre-tax charge tied to claims




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Failed M&A: band of hope

Buyers who get cold feet tend to have the advantage but jilted targets can still extract value




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The dangers of cramped coronavirus hotspots

Singapore’s second wave of infections and US meat packers offer cautionary tales




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Fashion lovers snap up revamps of famous watches

Tweaked timepieces popular with public but some original makers cry foul




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Short bans/market closures: they amplify panic

Trading restrictions did not work in the past; there is less reason for them to work this time




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2.7m properties dragged into higher stamp duty band 

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




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P&G sales boom as stay-at-homers do more laundry

Cleaning products up, shaving items and make-up down in household goods group’s best quarter in years




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The pandemic is yet to dampen demand for luxury goods resales

If anything, it’s only made the most coveted more sought after, as online sellers adapt to cater for their clientele.




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Even Covid-19 cannot damp partisanship

As the human and economic damage mounts, old political divides are likely to re-emerge




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Mr & Mrs Smith retail bond launched

The four-year bond will pay 7.5%




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Bonus restrictions hamper City mortgage borrowers

Lenders reluctant to count payments as affordability checks tighten




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NS&I slashes Premium Bonds prizes

Bond market movements blamed for removal of nearly 175,000 cash prizes from monthly draw




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Latest National Savings & Investments rates

Current rates from the state-owned savings bank




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The worst deal of this M&A cycle?

Welcome to Due Diligence, the FT’s daily deals briefing




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Facebook now allows users in the US & Canada to export photos and videos to Google Photos

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]




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Randall Stephenson to step down as AT&T chief, succeeded by COO John Stankey

A big changing of the guard is underway at one of the world’s biggest and iconic names in telecoms and media: AT&T today announced that Randall Stephenson will be stepping down as the chairman and CEO of the telco, and he will be replaced by John Stankey, currently the COO. The change is effective on […]




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S&P 500 resilience: weakened by coronavirus

A series of big bankruptcies is unlikely but debt workouts will slow economic recovery




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Facebook now allows users in the US & Canada to export photos and videos to Google Photos

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]




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Will we have to pay a 3% stamp duty surcharge on our new home?

I own three properties and want to buy another with my new partner




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Apple and Google release sample code, UI and detailed policies for COVID-19 exposure-notification apps

Apple and Google are providing additional resources for developers working with the first version of their Exposure Notification API, the development tools the companies have created and are working on in order to provide a cross-platform way for public health agencies to notify individuals of a potential exposure to a person with a confirmed case […]




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Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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Longtime VC Todd Chaffee of IVP says late-stage scene is now ‘M&A world’

Todd Chaffee has long been one of the most senior members of the late-stage venture firm Institutional Venture Partners. Chaffee joined IVP in 2000 after logging six years at Visa, and went on to lead rounds in numerous prominent later-stage companies, many (but not all) of which have gone public, including Coinbase, Compass, Klarna, Kayak, […]




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R&D Roundup: Sweat power, Earth imaging, testing ‘ghostdrivers’

I see far more research articles than I could possibly write up. This column collects the most interesting of those papers and advances, along with notes on why they may prove important in the world of tech and startups. This week: one step closer to self-powered on-skin electronics; people dressed as car seats; how to […]




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Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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Apple and Google release sample code, UI and detailed policies for COVID-19 exposure-notification apps

Apple and Google are providing additional resources for developers working with the first version of their Exposure Notification API, the development tools the companies have created and are working on in order to provide a cross-platform way for public health agencies to notify individuals of a potential exposure to a person with a confirmed case […]




amp

Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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Longtime VC Todd Chaffee of IVP says late-stage scene is now ‘M&A world’

Todd Chaffee has long been one of the most senior members of the late-stage venture firm Institutional Venture Partners. Chaffee joined IVP in 2000 after logging six years at Visa, and went on to lead rounds in numerous prominent later-stage companies, many (but not all) of which have gone public, including Coinbase, Compass, Klarna, Kayak, […]




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Companies ramp up orders for kit to protect workers

Manufacturers say they will struggle to provide equipment sought by business




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The Europas Awards goes virtual: Votes, workshops, pitches, networking, live awards & DJs

The Europas Awards for European Tech Startups is doing what everyone in tech has done before: pivoting! Given the COVID-19 pandemic, we will be ‘going virtual’ on an amazing new platform, to be unveiled. (OK, but not VR – just yet!). A percentage of proceeds from the event will be donated to charities helping to […]




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Extra Crunch Live: Join Precursor’s Charles Hudson for a Q&A this Thursday

The new Extra Crunch Live series is taking flight this week. Today we’re talking to Cowboy Ventures’ Aileen Lee and Ted Wang. This Thursday we’re keeping the parade of well-known investors coming, when Charles Hudson will join Natasha Mascarenhas and I for a deep-dive into all things pre-seed and seed. Extra Crunch Live Episode 2: […]




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Taiwan’s ‘hidden champions’ help coronavirus fightback

Race by machine tool makers to boost mask output underlines importance to economy




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Tesla ramps up solar tile roof installations in US, eyes China and Europe expansion

Tesla appears to be ramping up installations of its solar tile roofs in the San Francisco Bay area and will eventually roll out to Europe and China, according to CEO Elon Musk, who, in a series of tweets, provided the first substantial update since the company launched the third iteration of its product in October. […]




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Apple and Google release sample code, UI and detailed policies for COVID-19 exposure-notification apps

Apple and Google are providing additional resources for developers working with the first version of their Exposure Notification API, the development tools the companies have created and are working on in order to provide a cross-platform way for public health agencies to notify individuals of a potential exposure to a person with a confirmed case […]




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Facebook Messenger launches Mac & Windows apps

Facebook Messenger is finally getting desktop apps almost 9 years after its debut. After seeing over a 100% increase in desktop browser audio and video calling, Messenger today releases its Mac and Windows desktop apps. They bring the same features as the browser version, but make it easier to keep your chat threads handy than […]




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ZmURL customizes Zoom link previews with images & event sites

Sick of sharing those generic Zoom video call invites that all look the same? Wish your Zoom link preview’s headline and image actually described your meeting? Want to protect your Zoom calls from trolls by making attendees RSVP to get your link? ZmURL.com has you covered. Launching today, ZmURL is a free tool that lets […]




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Extra Crunch Live: Join Mark Cuban for a Q&A on April 30 at 11am ET/8am PT

Billionaire. Entrepreneur. Investor. Shark. Mark Cuban is one of tech’s best-known entrepreneurs, so we are amped to have him join us for an upcoming Extra Crunch Live, our virtual speaker series that connects the brightest minds in tech directly with our Extra Crunch audience. Starting out as a salesman for one of Dallas’s earliest PC […]




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Extra Crunch Live: Join Roelof Botha for a live Q&A on May 6 at 2pm ET/11am PT

23andMe. MongoDB. Eventbrite. Evernote. Bird. Square . Tumblr. Unity. YouTube. Xoom. Roelof Botha has had a seat on each of these companies’ boards, but his list of investments is much, much longer. The Sequoia partner, leading the firm’s U.S. business, is legendary in Silicon Valley and the broader tech world, and we’re very excited that […]




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Material Bank, a logistics platform for sourcing architectural and design samples, raises $28M

Material Bank, a logistics platform for the architectural and design industry, has announced the close of a $28 million Series B financing today, led by Bain Capital Ventures. Bain’s Merritt Hummer led the round on behalf of the firm and will join the board of directors at Material Bank, along with Jeff Sine, cofounder and […]




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Original Content podcast: Netflix’s ‘Middleditch & Schwartz’ might change your mind about improv

We’ll admit it: Some of your Original Content podcast hosts are a little skeptical about improvised comedy. Of course, we can enjoy improv when it’s done well. It’s just that we’ve seen it done less well, often by friends who are so enthusiastic without being particularly funny. And our friends aside, live improv has rarely […]




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Extra Crunch Live: Join Kirsten Green for a Q&A next Tuesday at 8 a.m. ET/11 a.m PST/6 p.m. GMT

Last month, the Extra Crunch Live team hosted conversations with folks from all over the venture community that ranged from the pre-seed world with Charles Hudson to shark territory with Mark Cuban. We’re starting off May with a packed agenda, including talks with Hunter Walk of Homebrew and Kirsten Green of Forerunner Ventures.  Kirsten Green […]




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Extra Crunch Live: Join Roelof Botha for a Q&A right now

Sequoia’s Roelof Botha, who runs the firm’s US business, has a portfolio that’s rather impressive. It includes 23andMe, MongoDB, Eventbrite, Evernote, Bird, Square, Tumblr, Unity, YouTube, and Xoom to name just a few. And his perspective on the startup ecosystem as a whole is unique in that Sequoia invests in companies at the very early […]




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PayPal, Intuit & Square approved to offer loans to small businesses through coronavirus relief program

Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intuit and Square have all been approved to participate in the U.S. Small Business Administration’s (SBA) Paycheck Protection Program, which provides aid in the form […]




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Extra Crunch Live: Join Roelof Botha for a live Q&A on May 6 at 2pm ET/11am PT

23andMe. MongoDB. Eventbrite. Evernote. Bird. Square . Tumblr. Unity. YouTube. Xoom. Roelof Botha has had a seat on each of these companies’ boards, but his list of investments is much, much longer. The Sequoia partner, leading the firm’s U.S. business, is legendary in Silicon Valley and the broader tech world, and we’re very excited that […]




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Original Content podcast: Netflix’s ‘Middleditch & Schwartz’ might change your mind about improv

We’ll admit it: Some of your Original Content podcast hosts are a little skeptical about improvised comedy. Of course, we can enjoy improv when it’s done well. It’s just that we’ve seen it done less well, often by friends who are so enthusiastic without being particularly funny. And our friends aside, live improv has rarely […]




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PwC bolsters Family, Business & Wealth practice - 25 Jun

PwC Australia has appointed David Smorgon OAM as the Executive Chairman of its Family, Business & Wealth practice in Private Clients.