Companies
2093 posts
UK inflation hits 40-year high of 9%
UK inflation hit 9 per cent in April, its highest level in over 40 years, after soaring gas and electricity bills intensified the cost of living crisis facing households. The…
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Moderna chair defends executive hiring process after CFO fiasco
Moderna’s chair has launched an unflinching defence of the board’s executive hiring process after it was forced to fire its new chief financial last week following just one day in…
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Is Deutsche Bank’s doom spiral winding to a close?
One thing to start: JPMorgan Chase shareholders have voted against the bank’s executive pay plan, delivering a stinging rebuke to chief executive Jamie Dimon and his management team. Welcome to…
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KPMG’s Carillion case should worry juniors across the City
There is surely plenty of blame to be shared around at KPMG over its audits of collapsed contractor Carillion. But how much of it should really sit with a 25-year-old…
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Boohoo to revamp executive pay policy after share price falls
Boohoo plans to switch to a conventional executive pay policy after falls in its share price made lucrative schemes based on market capitalisation less likely to pay out. The fast…
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FirstFT: China pledges to support tech companies after market rout
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every…
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China relationship looms over Australian assets
The writer is a former banker and author of ‘Fortune’s Fool: Australia’s Choices’ Competing economic and geopolitical forces mean Australia’s relationship with China requires walking along a barbed-wire fence with…
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Monaco shipping group takes stake in battery start-up Britishvolt
A Monaco-based shipping company has taken a stake in Britishvolt, the UK start-up hoping to build a £3.8bn battery “gigafactory” in Northumberland. The strategic investment by Scorpio Group is a…
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Japan’s chip industry faces old challenge: scaling up production
Japanese auto parts maker Denso said late last month that it would build a major production plant for power chips with Taiwanese foundry UMC, a move that highlights the growing…
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Morrisons paid £182mn and waived debt to bag McColl’s
Wm Morrison paid the equivalent of £182mn to take over McColl’s, edging out a rival proposal from EG Group by promising more cash for unsecured creditors and leveraging its position…
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