Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
myFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
    Most Read
    • France backs Italy’s decision to block vaccine exports to Australia
    • Italy blocks shipment of Oxford/AstraZeneca vaccines to Australia
    • UK-EU trade falls sharply as Brexit disruption starts to bite
    • Kamala Harris breaks deadlock over $1.9tn stimulus bill
    • Powell inflation comments send US stocks and bonds lower
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Kamala Harris breaks deadlock over $1.9tn stimulus bill
    • Powell inflation comments send US stocks and bonds lower
    • US stocks climb and Treasuries gyrate after bumper jobs report
    • Fears rise among bond investors as Buffett warns on outlook
    • Google’s rivals fret as the advertising cookie crumbles
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Lloyds Bank plans to become private landlord
    • The insurance call that toppled Greensill
    • Sanjeev Gupta’s GFG Alliance stops payments to stricken Greensill
    • Credit Suisse pulls plug on $10bn of frozen Greensill-linked funds
    • Bank of America reaps trading windfall during Texas blackouts
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    Most Read
    • US stocks climb and Treasuries gyrate after bumper jobs report
    • Fears rise among bond investors as Buffett warns on outlook
    • Hedge funds cash in on the ‘great reflation trade’
    • Coronavirus: Alabama joins US states lifting mask mandates — as it happened
    • The unravelling of Lex Greensill: a mix of bravado and financial alchemy
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Fears rise among bond investors as Buffett warns on outlook
    • This is the electric vehicle bubble. And this is the crash.
    • Yoga influencers have stretched themselves
    • The painful politics of vaccination
    • Google’s rivals fret as the advertising cookie crumbles
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • FT business books: March edition
    • Should I reveal I have a difficult boss when interviewing for jobs?
    • The scourge of work email is far worse than you think
    • Ideas flow as an orchestra and school team up
    • Negotiation skills prove their real-world worth
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Inside the ‘Covid Triangle’: a catastrophe years in the making | Free to read
    • In Rome, a 2,000-year-old emperor’s tomb finally reopens
    • Lucy Kellaway: what is the point of schools?
    • The CEO whisperer: ‘Every leader needs a fool’
    • The painful politics of vaccination
  • How to Spend It
  • Sign In
  • Subscribe
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

$50 for your first 3 months Get the print edition and steer from crisis to recovery

Subscribe now

Ralph Atkins

Lex writer

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Friday, 11 October, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    NBA, US funds/Xinjiang, Royal Philips, LVMH, Domino’s Pizza and more

  • Wednesday, 18 September, 2019
    Lex
    Best of Lex Midweek: Zurich braced for more interest rate tonic Premium

    There is no reason for Switzerland to cut borrowing costs further

  • Friday, 13 September, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    LSE/HKEX, Peloton, Cairn/climate change, BAT/vaping, Uber/Lyft

  • Friday, 30 August, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    Philip Morris/Altria, Purdue, Swatch/Richemont, Fanuc, Petrofac, UBS, Pets at Home and more

  • Friday, 9 August, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    Uber, Lyft, Bayer, Thyssenkrupp, Deutsche Post, Scout24, Aviva, US/China and more

  • Wednesday, 7 August, 2019
    News in-depthThe Big Read
    Lex In Depth: Bayer’s €50bn blunder

    With the disastrous purchase of Monsanto and plummeting shares, some question if it is time to break up the German group

  • Friday, 26 July, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    UK equities, Deutsche Bank, European banks, oil tankers, Aston Martin, GSK, Facebook

  • Wednesday, 3 July, 2019
    Lex
    Best of Lex Midweek: Frankfurt feels Deutsche Bank’s hurt Premium

    A scan of the city skyline reminds visitors of challenges facing would-be national champion

  • Friday, 7 June, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    Neil Woodford, UK biotech, Renault/FCA, Refinitiv, Blackstone, Amazon, Dignity, Tiffany

  • Promoted Content
  • Friday, 31 May, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    Uber, FCA/Renault/Nissan, De La Rue, ECB, Alibaba, rare earths, iron ore and more

  • Friday, 3 May, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    Beiersdorf, Lloyds, PMI, Sainsbury’s, Bayer, Uber, Danske/Nordic banking

  • Friday, 8 March, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    Tobacco/Scott Gottlieb, Schroders, Aviva/Maurice Tulloch, Relx/librarians and more

  • Friday, 1 March, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    PSA, Zalando, Barclays, Hyundai, Swedbank, EY, Metro Bank, Weight Watchers and more

  • Friday, 22 February, 2019
    Lex
    Best of Lex: your weekly round-up Premium

    Kraft Heinz, Danone v Nestlé, Sainsbury’s/antitrust, Centrica, Wirecard, Tesla and more

  • Friday, 25 January, 2019
    Lex
    Best of Lex: your weekly round-up

    Dyson, Airbus, StanChart, UBS, BuzzFeed, Hugo Boss, Big Four auditors

  • Tuesday, 8 January, 2019
    Switzerland
    Swiss plans for whistleblowers fall short, critics say

    Staff who report wrongdoing risk losing their jobs or even criminal prosecution

  • Sunday, 6 January, 2019
    News in-depthThe Big Read
    Sebastian Kurz: mainstream saviour or friend of the far-right?

    Tough talk on migration has boosted centre-right but critics say chancellor legitimises extremist ideas

  • Friday, 28 December, 2018
    Insurance
    Swiss Re chief fears for catastrophe bond investors

    Some will be ‘disappointed’ as alternative capital sector comes under strain

  • Friday, 21 December, 2018
    Mergers & Acquisitions
    Nestlé revives talks for Canadian pet food group Champion
  • Wednesday, 19 December, 2018
    Iran
    Switzerland prepares to launch Iran payments channel

    Initiative has US approval and rivals EU plan to bypass sanctions

  • Wednesday, 19 December, 2018
    Brexit
    ABB chief warns no-deal Brexit will hit UK industry

    Group that supplies robots to Jaguar Land Rover says manufacturing hit would be ‘sad’

  • Monday, 17 December, 2018
    Switzerland
    Brussels set to extend access to Swiss exchanges

    EU says Switzerland’s ‘equivalence’ deal allows access to bloc without following its rules

  • Monday, 17 December, 2018
    ABB Ltd
    Hitachi to pay $6.4bn for 80% of ABB’s power grids division

    Deal is largest overseas purchase by Japanese group as it looks to become global powerhouse

  • Sunday, 16 December, 2018
    Novartis AG
    Novartis weighs reinsurance tie-up to fund costly drugs

    Pharma group explores routes to finance ‘curative’ treatments for once-fatal diseases

  • Wednesday, 12 December, 2018
    Credit Suisse Group AG
    Credit Suisse buyback plan falls flat with investors

    Swiss bank pledges to buy back as much as SFr3bn of its shares over two years

Previous You are on page 1 Next

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

FT LiveShare News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingContracts & Tenders
Executive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School Rankings
Enterprise ToolsNews feedNewslettersCurrency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2021. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Graphics
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In