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...Success “won’t happen overnight”, he said. He pushed back on critics, both internally and externally, who claim that he “doesn’t care about TV”. “That’s not true....
...“The economic uncertainties haven’t yet dissipated.”...
...Thomas Jordan informed the SNB he would step down at the end of September. “The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision,” the central bank said in a statement....
...“They don’t have a tendency or loyalty to any one of the companies. They can buy their bubble tea or lemon tea from this company today and the other company tomorrow.”...
Annual figure for first quarter beats expectations as Beijing seeks manufacturing-led revival
Manipulated image fuels health rumours instead of quashing public speculation
...But, financially, the offer doesn’t look like a knockout....
China Construction Bank’s winding-up petition in Hong Kong signals creditors’ growing impatience with struggling sector
Eligible studios in England will receive 40% tax relief on their business rates until 2034
...But Lex isn’t convinced by the hype around the pipeline of tech IPOs coming stateside....
...“I think transport probably is the biggest single theme in most of these places in terms of what mayors and candidates are talking about,” said Paun, adding that this “probably isn’t surprising”....
...For Europe’s laggard carmakers, this slowing growth isn’t all bad news: higher-margin combustion engine vehicle sales will help with cash flows while they invest in new models....
...He doesn’t believe museum walls have to be white either: his office is painted hot pink and royal blue....
...Lex isn’t convinced that the UK valuation discount is significant or enduring; nor are our colleagues at the Unhedged newsletter....
...“Local councils don’t have enough money,” said Simon Hill, a 32-year-old bus driver. “It makes you not want to bother to vote. Nothing gets done.”...
...We don’t believe it appropriate to comment further.” Edwards was at the centre of a media frenzy last summer after reports emerged of alleged relationships with a series of young people....
...We don’t believe it appropriate to comment further.”...
...Lex last week laid out the end game for the troubled company, after its nine shareholders said they were ready to write off £5bn and weren’t willing to inject new equity into the company....
...“I don’t see how it’s structurally feasible, I just see it as a bounce,” said another analyst who did not wish to be named. “Flow begets momentum but I just don’t know how long that lasts.”...
...This didn’t look like the type of neat bit of restructuring that would manage to deliver a quick valuation uplift, said Lex....
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Here to talk with me about it is the FT’s William Sandlund. Hi, William. William Sandlund Thanks for having me on....
...“We just can’t make sense [of it], other than total incompetence,” said Gibson. He lamented the lost opportunity. “If we get it right . . . it’s going to revolutionise the Tees Valley,” Gibson said....
...Market-wide liquidity figures don’t make particularly cheerful reading, in fairness....
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