Finance

Finance

Lloyds fined for opening bank account for ally of Vladimir Putin

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group has been fined for sanctions breaches after it opened a bank account for an ally of Russian President Vladimir Putin who later became the first person to be prosecuted for circumventing UK … Read more

Finance

In Ukraine, it’s all about the land

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Could peace in Ukraine finally be on the horizon? Over the weekend trilateral peace talks were held in Abu Dhabi between Russia, Ukraine and the US. This is the first time that has happened … Read more

Finance

Danone tumbles as infant formula crisis spreads

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Danone fell sharply on Monday after the French consumer goods group joined Nestlé in recalling batches of infant formula products over fears they could be contaminated with a dangerous toxin. The maker of … Read more

Finance

EU opens formal probe into Musk’s xAI over Grok deepfakes

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU has launched a formal investigation into Elon Musk’s xAI following a public outcry over how its Grok chatbot spread sexualised images of women and children. The billionaire entrepreneur has come under scrutiny from … Read more

Finance

Diminished Keir Starmer at the limit of his powers

This article is an on-site version of our Inside Politics newsletter. Subscribers can sign up here to get the newsletter delivered every weekday. If you’re not a subscriber, you can still receive the newsletter free for 30 days Good morning. Unsurprisingly, Andy Burnham sought the nomination for the looming Gorton and Denton by-election. Equally unsurprisingly, … Read more

Finance

Sanctioned Iranian banker amassed €400mn European property empire

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An Iranian tycoon under sanctions in the UK for allegedly financing the Islamic Revolutionary Guard Corps has funnelled hundreds of millions of euros into a sprawling property portfolio across mainland Europe. Ali Ansari, whose family … Read more

Finance

Hargreaves Lansdown cuts fees as competition escalates

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hargreaves Lansdown, the UK’s largest “DIY” investment site, is reducing fees for about half its customers as competition in the industry heats up. The Bristol-based company said it will cut its annual account and share-dealing … Read more

Finance

‘I’ve tried to be very human’

Tim Campbell recalls a sombre meeting more than two decades ago that shaped his mentality as a business leader. The chief executive of Edinburgh-based fund manager Baillie Gifford remembers having lunch in the early 2000s with the finance boss of an Argentine bank that was “essentially bust”, he says. One stark memory that etched in … Read more

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