US fund Corvex urges Entain to turn around ‘unacceptable’ performance
Wall Street fund becomes latest activist to push for change at FTSE 100 gambling group a day after CEO departs
Mergers & Acquisitions
UK scraps hydrogen home-heating trial in Redcar
First subsidy round for ‘green hydrogen’ production also falls well short of government’s target
Renewable energy
Andrew Bailey warns ‘still some way to go’ as BoE holds rates at 5.25%
Sterling rises after rate-setters warn it is too soon to conclude inflation is on firm downward path
Central banks
Stocks and bonds surge as Jay Powell’s comments fuel bets on rate cuts
Treasury yields tumble on expectations Fed will make six cuts in 2024
Central banks
Where did Farfetch go wrong?
The former luxury ecommerce darling is facing administration if a ‘white knight’ investor fails to materialise
Ecommerce, Luxury goods
‘Flatcoins’ are the way forward
The tokens merge the benefits of blockchain and fintech to provide a hedge against inflation while doing social good
Fintech
Leavin’ on a Jette plane
Plus, a bright spot for Japanese M&A
Travel & leisure industry, Mergers & Acquisitions
Rising interest rates rock private equity’s billion-dollar bets on music
Wall Street firms that had been vying to snap up song rights have slowed their buying considerably
Mergers & Acquisitions
Charles Goodhart: ‘We’re in for a fiscal crisis down the road and we don’t know how to solve it’
The former Bank of England economist on inflation, labour shortages, and the right to challenge central bankers
Central banks
Jay Powell reveals Federal Reserve’s hand on US interest rates
The end of the central bank’s monetary tightening campaign is in sight — and so are rate cuts
Central banks