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...Chief executive Andrew Carrier said 2023 was a “landmark year” where the insurer recorded its best underwriting performance in a decade, making it the latest firm to be lifted by a global surge in insurance...
...And for now, at least, the conflict hasn’t grown beyond what traders were expecting at that point a couple of weeks ago....
...One we missed: Too Big to Fail: Inside the Battle to Save Wall Street, by Andrew Ross Sorkin....
...Like Buckland, I didn’t have time to wait for low tide, so I’d called on the services of Andrew Price, a bushcraft instructor based on the Gower who had visited Paviland Cave many times....
...andrew.hill@ft.com...
From Tony Smith, Bishop’s Stortford, Hertfordshire, UK
...A Mondi/DS Smith combination would be too big for a subsequent deal. DS Smith shareholders should be wary of a suitor willing to overpay simply to stay in the game. andrew.whiffin@ft.com...
...Earlier this month the company announced a new chief executive, Andrew Silvernail, would join the group in May from an advisory role at private equity group KKR....
...If this wasn’t provocative enough, bondholders were then told that they should brace themselves for haircuts....
...Meta, General Dynamics, AT&T, Hilton, Biogen, Hasbro, Chipotle, Ford, Whirlpool and Wyndham Hotels also report earnings....
...How joyously and painfully he predicts the Beckettian maxim: ‘I can’t go on. I’ll go on.’”...
...Deaths in custody persist and after the failure of the Voice referendum, which sought to constitutionally recognise the country’s Indigenous people, the prospects don’t look good....
...Brad Smith, Microsoft’s vice-chair and president, told the FT the investment “reflects confidence by our company in the UAE as a country, in G42 as a company, and in Peng as its CEO”....
...The BoE pointed to an improved outlook for borrowing levels even before governor Andrew Bailey last week signalled he was closer to cutting UK rates from their current 16-year high of 5.25 per cent....
...The FT’s Louis Ashworth consults butchers, food scientists and “meat influencers” who can’t quit searching for new ways to slice a cow. Additional contributions from Gary Jones and Benjamin Wilhelm...
...Take a break from the news Five years have passed since Prince Andrew sat for the cameras of the BBC’s Newsnight to discuss his friendship with sex offender Jeffrey Epstein....
...Management has taken steps to try to limit damage to the business, although falling revenue and profit numbers don’t suggest that these have been a success....
...But even for those with access to a garden, not owning a home shouldn’t prevent renters from investing, says Claymore....
...The market was “out of control”, said Andrew Moriarty, price reporting manager at Mintec, a commodities data group. “Everyone is just bracing for impact.”...
...But again, the focus doesn’t fall where you might think....
...He added: “I don’t think it’s the model which is the issue per se, it’s the shift in the regulatory and political landscape.”...
...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
...And while the novel told me a lot, it didn’t tell me anything I didn’t already know....
...pretty radical but he hadn’t pushed them to do it.”...
...It is time to conceive a way of working as revolutionary as that described by Adam Smith, the 18th-century Scottish philosopher and economist, in his theory of the division of labour illustrated by the example...
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