Finance

Finance

Shell mergers chief departed after CEO blocked bid for BP

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell chief executive Wael Sawan and his top lieutenant quashed an internal proposal to buy rival BP this year, after which the company’s head of mergers and acquisitions left the business. The M&A team, led … Read more

Finance

Monzo chief pushed out after board rift over growth and IPO plans

Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. Monzo chief executive TS Anil was asked to step down by the fintech’s board, amid concerns over the pace of its international expansion and his long-term commitment to the business after a potential stock market listing. … Read more

Finance

Morrisons loses £17mn food fight as chicken tax comes home to roost

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK supermarket chain Morrisons faces a £17mn bill after it lost a long-running court battle to prevent value added tax being charged on its rotisserie chickens. The UK high court determined that the chickens should … Read more

Finance

Donald Trump files $10bn lawsuit against the BBC

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has sued the BBC for $10bn over its editing of a speech by the US president in a television documentary, which he alleges was “fabricated” and defamatory.  Trump in a filing … Read more

Finance

US suspends technology deal with the UK

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US has suspended implementation of a technology deal it struck with the UK during Donald Trump’s state visit to Britain, amid growing frustrations in Washington over the progress of trade talks with … Read more

Finance

Nissan starts production of new Leaf EV at Sunderland

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nissan has started production of its new Leaf electric vehicle at its Sunderland plant, backed by the Japanese group’s £450mn investment, breathing new life into the country’s largest car factory. The future of the Sunderland … Read more

Finance

Magnum moves to oust chair of Ben & Jerry’s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Magnum Ice Cream Company has moved to oust the chair of Ben & Jerry’s board over alleged conflicts of interest, as the ice cream business spun out of Unilever intensifies its grip on one … Read more

Finance

Steve Cohen wins approval for New York City casino project

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hedge fund billionaire Steve Cohen has won approval to build one of New York City’s first casinos, capping a multiyear campaign to secure a lucrative licence while overcoming long-held opposition to gambling. Cohen’s Metropolitan Park … Read more

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