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Market rout reopens big gaps between winners and losers

Return of dispersion comes after years of similar returns across sectors




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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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Wall Street bets on a Big Tech rebound

Valuations do not reflect the risks that still lie ahead from coronavirus




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How Big Tech got even bigger in the Covid-19 era

Lockdowns have elevated the sector that some analysts thought would fall furthest in a recession




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Shell dividend cut puts Big Oil investment case in focus

Supermajors’ status as reliable income stocks questioned as earnings plunge




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ExxonMobil suffers $610m loss after hit from oil and gas prices

Biggest US oil company takes $2.9bn charge to account for crude’s plunge




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Endeavour bids £1.5bn for Centamin in gold dealmaking wave

Canadian group makes all-stock proposal public after talks fail to get off ground




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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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Sasol plans South Africa’s biggest rights issue in decades

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




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Insurers face biggest-ever losses, warns Lloyd’s chief

Pandemic could dwarf other disasters such as Hurricane Katrina, John Neal says




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Free FT webinar: Pensions funding storm

The Pensions Regulator and former minister Sir Steve Webb take part in online debate 




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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




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Zbigniew Brzezinski, US policy adviser, 1928-2017

Right-hand man to President Carter from Iran hostage crisis to Salt Two arms treaty 




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US evangelist Billy Graham dies aged 99

‘Pastor to presidents’ said he received his calling on 18th green of local golf club




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Gloria Vanderbilt, artist and designer, 1924-2019

Heiress who made her own success as the ‘Queen of Jeans’




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The future of fashion — focus on sustainability

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




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Bill for pair of Carillion hospital projects doubles

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




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A Biden presidency could not turn back the clock on Trump

It is an illusion to see victory for the former US vice-president as a geopolitical calendar reset




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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




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Videoconferencing hit delivers biggest ever Nordic software IPO

Pexip deal marks bright spot in otherwise bleak European IPO market




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Interview: Frédéric Arnault takes a bite out of Apple’s smartwatch market

Tag Heuer’s digital chief sees connected watches as a point of entry to the mechanical models




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Biggest US energy groups lay out oil crash strategy

ExxonMobil and Chevron deploy plans for cutbacks but preserve dividends




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Biggest US oil refiner posts $9.2bn loss as fuel demand dives

Marathon cuts capital spending by $1.4bn in anticipation of 30% drop in output




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Investors make big bets on silver closing giant gap with gold

For some analysts the industrial metal looks cheap, even given the Covid-19 slowdown




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Cannabis remains an investment market worth watching

Promises of huge growth are yet to materialise — but there’s huge potential




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Plumbing group Ferguson considers stateside listing

Loss would be a blow to London market and unpalatable to some UK-based fund managers




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European regulators intervene in bid to stabilise markets

Spanish and Italian bans on short selling follow US Federal Reserve’s liquidity injection




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An inconvenient truth for Brazil’s biggest company

In contrast with many global peers, Petrobras has made scant efforts to diversify into green energy




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Vale launches New York front in bitter battle with Beny Steinmetz

Brazilian group alleges tycoon’s family-controlled mining arm fraudulently funnelled $500m into Manhattan real estate




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Consumers pay big price after free cash machines close

Withdrawal fees soar to £104m and banks save £120m in ATM shake-up




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Farmers reap rewards of biological pest control

Concern over use of chemicals drives research into alternatives




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Danish biotech: white coat catalyst

New Novozymes chief will need fresher ideas to achieve success




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As Europe slowly unlocks, e-scooter startups, like Helbiz, are wooing with offers

At the start of the year, it looked like Europe would be in for a “Summer E-Scooters / E-Bike War,” as both regional startups and U.S.-backed unicorns vied for the pockets of city commuters. Consolidation came when German startup Circ was taken over by U.S. competitor Bird at the start of the year. Still on […]




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Estonian fintech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets

AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. In addition, a number of tech entrepreneurs from Estonia participated, such as […]




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Big data shows Covid-19 reshaping ESG; UN PRI’s long-term crisis plan; sustainable funds stand tall

Your guide to the investment and business revolution you can’t afford to ignore




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Vaccines and antibiotics made the west complacent. This must change

Rich countries need to fund infectious disease treatments properly




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The Fed has cleared one big hurdle, but more loom

It will be hard to help worthy US companies without also aiding private equity




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US lawyers and insurers must face Covid-19 liability

Private lawsuits are a vital tool for upholding standards in the free market system




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My pity package of Chinese face masks sends a bigger message

As US health workers suffer from inadequate protection, there are signs of a shifting world order




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Covid-19 shows why ESG matters; Barclays’ big climate vote; UK impact investors’ legal hurdle; your questions answered

Your guide to the investment and business revolution you can’t afford to ignore




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TikTok tops 2 billion downloads

TikTok, the widely popular video sharing app developed by one of the world’s most valued startups (ByteDance), continues to grow rapidly despite suspicion from the U.S. as more people look for ways to keep themselves entertained amid the coronavirus pandemic. The global app and its Chinese version, called Douyin, have amassed over 2 billion downloads […]




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Eurozone stability is under threat again

Without a co-ordinated response, national stimulus policies will end up increasing imbalances




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Bird is testing Bird Pay, which lets users purchase items from local businesses using its main app

Another on-demand transport app is making a move into payments to expand the existing relationship with its customers (and subsequent margins that it makes from serving them). Bird today announced the launch of Bird Pay, a service that will let people use its app to purchase items from local participating businesses alongside renting scooters. The service […]




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Confirmed: Intel is buying urban mobility platform Moovit in a $900M deal

On the heels of a spate of reports over the weekend, today Intel confirmed its latest move to grow its automotive division. The chip giant is acquiring Moovit, an Israeli startup previously backed by Intel that analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. The deal values Moovit at […]




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Knowde could make billions building the digital marketplace for the $5 trillion chemicals industry

Ali Amin-Javaheri grew up in the chemicals business. His father had worked for Iran’s state-owned chemical company and when the family fled the country in the nineteen eighties during the Iran-Iraq war, they first settled in Houston where employers welcomed the senior Amin-Jahaveri’s experience. Houston in the 80s was dominated by the petrochemicals industry and […]




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China’s Kingsoft Cloud tests US market with biggest IPO in months

First New York listing by a Chinese company since Luckin Coffee debacle




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FTSE 100 companies prove their durability

If the UK stock market is in for more of a hiding, the FTSE 100 is likely to outperform the FTSE 250




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How can I protect my children’s savings from tax liabilities?

I am concerned about inheritance tax if my husband and I were to die prematurely




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Am I responsible for paying my landlord’s tax bill? 

HMRC’s letter says I might have to withhold tax from my rent 




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Will Covid-19 repatriation leave us with a large tax bill?

We are returning to the UK from the US following the virus outbreak