Balfour Beatty: from Leo with brio

Leo Quinn, CEO De La Rue, London Stock Exchange, Preliminary Results Announcement 22 May 2008.

Investors should beware of buying into a conspiracy of optimism

Be wary with Ashley’s investments tips

Trailing in this particular trading wake could prove costly

IG: Swiss rolled

There is no such thing as low-risk involvement in financial markets

Calpers acts over private equity fees

California pension fund may struggle to drive down charges further

Osborne and his North Sea pledge

Treasury should cut the levy on the region’s oil by a grown-up amount

Burberry

Lord Copper to have come a cropper

If the metal’s price drop is technical, it should reverse in Red Kite’s favour

Dalton Philips at the butchers at the Thornby store

Morrison – the ditching of Dalton Philips

Board hopes successor will revive struggling supermarket chain

The risk of contracts such as Sellafield

Imbroglio provides politicians with another chance to give private contractors a shoe leathering

Dave Lewis tears up Tesco history

Retailer has chance of shrinking to fit narrower market position

Mike Coupe, Sainsbury's chief executive

Small loss a headache for Brevan Howard

A drop of less than 1 per cent is hardly terminal for the $24bn fund

Sales measures must reflect shopping changes

Lumping the two categories of sales together makes profitability opaque

Companies must beware dividend trap

Markit’s justification for forecast of 11% jump in UK dividends is part mechanical, part cultural

Honours achieve karmic symmetry

Titles awarded by another sovereign lady — Commerce — to noteworthy executives

Better Capital backers not feeling first class

City Link not a good pick for turnround investor

Royal Mail’s red herrings

Lord Myners’ push to shake up IPOs may need a shove

The trouble with dribbles

City has little appetite for another jumbo placing of Lloyds shares

Oil threat overshadows stress tests

A new danger posed by UK banks’ loans to energy companies

Credits for BT romcom will roll for ages

EE and O2 have thrown themselves at BT’s photogenic leading man

Costa tapped to nudge Songbird investors

Offer would be more persuasive if it was above standard NAV of 381p per share

FCA failed to take care on moving markets

Watchdog created a false market in insurance shares on March 28

ABOUT LOMBARD

Jonathan Guthrie Jonathan Guthrie is the City editor of the FT. He writes and edits Lombard, the column that dissects the big deals and bigger personalities dominating London’s financial centre. A popular read with senior City executives, Lombard blends analysis with humour. A veteran observer of British business, Jonathan has been an FT columnist since 2003, an FT staff member since 1993 and started as a capital markets writer in 1987. He tweets his take on City news just after 7am most weekday mornings.

E-mail Jonathan Guthrie

Alison Smith


Alison Smith is the FT's Chief Corporate Correspondent and has worked at the FT for more than 20 years. Her posts have included political correspondent, financial services correspondent, Lex writer, UK companies editor and, most recently, leader writer.

E-mail Alison Smith

Kate Burgess


Kate Burgess is the FT's Small Talk columnist and Small Companies Correspondent. She has worked at the FT for nearly 20 years in various roles, most recently as investment correspondent. Before the FT she worked as a stock broker.

E-mail Kate Burgess

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