Microsoft hunts for new London HQ on Elizabeth Line

Stay informed with free updates Simply sign up to the UK property myFT Digest — delivered directly to your inbox. Microsoft is on the hunt for a new London headquarters, while insurance broker Lockton and trading firm Jane Street are also seeking new City bases amid a shortage of top-quality office space in the UK … Read more

New Diageo boss cuts dividend as Guinness maker’s sales slide

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Diageo has cut its dividend and new chief executive Sir Dave Lewis pledged to “act more decisively” to turn around the struggling drinks giant as it reported sliding sales and profits. Lewis on Wednesday said … Read more

The death of the Trump trade

Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. The Trump trade is dead. Long live the anti-Trump trade. Wherever you look in financial markets, you see signs that global investors are going out of their way to avoid Donald Trump’s America. Fund managers … Read more

NHS in England to be set targets on getting people back to work

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The NHS in England will be set targets on getting people back to work, as ministers plan to link patient data to employment status and benefits claims to assess how much the health service boosts … Read more

HSBC says capital ratios need to improve before it resumes buybacks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC has said it will not make further share buybacks until its capital ratios have improved following its $14bn privatisation of Hang Seng Bank, potentially extending its previous warning of a three-quarter suspension. The UK … Read more

Efune consortium willing to improve offer for Telegraph Media Group

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A consortium led by Dovid Efune and Axel Springer is willing to sweeten its bid for Telegraph Media Group, escalating efforts to upend an agreed £500mn sale of the business to DMGT, said people familiar … Read more

Warner Bros says sweetened Paramount bid may top Netflix deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warner Bros Discovery said Paramount’s sweetened $31-a-share offer to buy the studio and streaming group could best Netflix’s existing deal, a boon for the Ellison-backed media company’s takeover pursuit. WBD on Tuesday said Paramount’s revised … Read more