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Chinese business & finance
China’s Instagram-like Xiaohongshu makes first profit
...Chinese social media sensation Xiaohongshu has seen its growing popularity lead to profits for the first time, as the Instagram-like platform brings in revenues from advertising and a nascent ecommerce business...
March 25, 2024
Gatwick Airport Ltd
Gatwick plans first shareholder dividend in five years
...Gatwick airport plans to pay its owners a dividend for the first time in five years, making it one of the first European airports to reinstate shareholder payouts since the pandemic....
March 22, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
April 23, 2024
Live news: Cancer drug sales propel AstraZeneca to 18% revenue growth
Unilever outperforms sales expectations in first quarter
...Underlying sales rose 4.4 per cent in the first quarter of the year, beating analysts’ expectations of 3 per cent, while turnover grew 1.4 per cent to €15bn....
April 25, 2024
The Week Ahead
Opening arguments begin in Trump trial
...monarch, George V at the Empire Exhibition in London, and the first commemorative stamps being issued in Great Britain....
April 21, 2024
UK economy
Corporate insolvencies in England and Wales fall in March
...Corporate insolvencies in England and Wales fell sharply in March, registering the first annual decline since July last year....
April 26, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
News updates from April 24: Meta shares fall after earnings; Spain’s PM considers quitting
HKEX profits decline 13% in first quarter amid extended downturn
...The Chinese territory’s bourse logged a profit of HK$2.97bn (US$379mn) in the first three months of this year, it said in a filing on Wednesday....
April 24, 2024
Deutsche Bank AG
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
...Trading and investment banking helped lift Deutsche Bank to its highest quarterly profits in 11 years in the first three months of 2024, as global dealmaking started to pick up after a two-year long slump...
April 25, 2024
Kering SA
Shares in Gucci owner Kering sink after profit warning
...“Kering’s performance worsened considerably in the first quarter,” billionaire chair François-Henri Pinault said....
April 24, 2024
Exchange traded funds
Flows to European ESG exchange traded funds halve in first quarter
...Net flows into ESG ETFs totalled €7.1bn in the first quarter, down from €13.8bn in the previous three-month period....
April 25, 2024
Boeing Co
Boeing burns through $4bn in first quarter after door plug blowout
...The company on Wednesday reported a $355mn net loss in the first quarter....
April 24, 2024
Live news: Macron calls for overhaul of eurozone monetary policy
Scottish opposition plans to call vote of no confidence in first minister
...The crisis in Scotland’s government deepened on Thursday as the opposition Conservatives pledged to call a vote of no confidence in the first minister, Humza Yousaf....
April 25, 2024
Live news: Macron calls for overhaul of eurozone monetary policy
US economy grew less than expected in first quarter at 1.6% rate
...The US economy grew much less than expected in the first quarter of 2024, at an annualised rate of 1.6 per cent....
April 25, 2024
FirstFT
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
...Alphabet’s first-quarter revenue jumped 15 per cent, buoyed by a rise in earnings across its main business lines, and the company announced its first-ever dividend of 20 cents a share alongside a $70bn stock...
April 26, 2024
Heineken NV
Heineken beer sales beat expectations
...Heineken, the world’s second-largest brewer, sold more beer than expected in the first quarter, notching up its first increase in volumes in 12 months after higher prices hit demand last year....
April 24, 2024
FT Live
Diversity in Finance Awards 2024
Celebrating diversity, inclusion and equality in the financial services sector.
Thursday, 20 June44 Grosvenor Square, London W1K 2HP, UK
US inflation
Federal Reserve’s preferred inflation metric rose to 2.7% in March
...Futures traders are now only fully pricing in the first quarter-point cut by the Fed’s meeting on November 6-7, just after the presidential election....
April 26, 2024
Mortgages
UK mortgage demand returns to growth in first quarter
...UK lenders reported a return to growth in the demand for mortgages in the first three months of 2024, according to the latest official data, providing further evidence of the property market stabilising....
April 11, 2024
HTSI
Fadi Kattan’s paean to the food of Bethlehem
...The playfulness of including them in his first cookbook is not lost on him. “I would be totally happy if people took this recipe to their butcher and said, ‘Can I buy a testicle?’”...
April 26, 2024
News in-depthDementia
Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout
...After four years plagued by acute memory loss since her diagnosis, Davis credits Leqembi — which last year became the first fully approved treatment in the US for Alzheimer’s, the most common type of dementia...
April 22, 2024
BT Group Plc
BT installs McKinsey partner to head new strategy unit
...BT has installed a senior partner from consultancy McKinsey to help shape its strategy in the first move by new chief executive Allison Kirkby to turn around the UK telecoms group....
April 21, 2024
UK inflation
UK inflation falls less than expected to 3.2% in March
...The chances of interest rates being cut for the first time in June are now a bit slimmer.”...
April 17, 2024
LexTesla Inc
Elon Musk is still intrinsic to Tesla’s future Premium content
...Tesla on Tuesday announced vehicle deliveries in the first quarter had fallen 8.5 per cent on last year, the first year-on-year drop since early 2020. The shares dropped 5 per cent....
April 2, 2024
News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case
European house prices fall for first time in a decade
...European house prices fell for the first time in a decade last year, as strong growth in the property markets of some eastern and southern countries was masked by declines in many northern EU states....
April 4, 2024
European house prices
European house prices fall for first time in a decade
...European house prices fell for the first time in a decade last year, as strong growth in the property markets of some eastern and southern countries was masked by declines in many northern EU states....
April 4, 2024
US-China relations
US and China defence ministers in first significant contact since 2022
...In December, General CQ Brown, chairman of the US joint chiefs of staff, held his first call with his counterpart, General Liu Zhenli....
April 17, 2024

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