Northrop Grumman pulls out of satellite tender for UK armed forces
US defence group’s decision to withdraw from first stage of competition leaves just one contender
Space industry
Everton FC docked 10 points for breaching financial rules
Sanction is the toughest yet handed out to a Premier League football club
Travel & leisure industry
Panasonic: betting on batteries over car displays will pay off
Sale of automotive unit would free up ample cash to invest in rapidly changing battery technology
Electric vehicles, Batteries
Is a roll-up the answer to the renewable energy stock rout?
A fresh opportunity lies in the clean energy sector’s slump
Renewable energy
UK regulator finds NMC Health committed market abuse over $4bn debt misstatement
FCA censures collapsed FTSE 100 company for publishing ‘materially inaccurate’ financial statements
Financial & markets regulation
Jeff Zucker’s RedBird backs latest Barclay offer for the Telegraph
Investment group run by former CNN boss offers to help finance deal alongside Abu Dhabi royal family
Mergers & Acquisitions
Writer Kim Stanley Robinson: ‘If the world fails, business fails’
The cult sci-fi author on Mars, Musk — and how speculative fiction can offer real-life solutions to the climate crisis
Lunch with the FT
Europe needs its own SEC, says Christine Lagarde
ECB president also calls for consolidation among region’s national financial exchanges
Financial & markets regulation
Leave Treasury basis trade hedge funds alone!
The Managed Fund Association bravely stands up for its members
Financial & markets regulation
Alibaba goes back to the future with reversal of cloud spin-off
Chinese tech group’s shock change in direction represents gamble by new chief in face of US curbs
Artificial intelligence