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...But for the past two months an average of 572mn shares in the lossmaking firm, whose market value is less than $2mn, have changed hands each day....
...In 2022 Truss’s stint as prime minister lasted just 49 days after her £45bn tax-cut plan, without any reduction in spending, triggered turmoil that pushed up benchmark UK borrowing costs by a percentage...
...But Avanti has suffered a particularly acute collapse in relations with trade union Aslef, after drivers suddenly no longer agreed to work on rest days in the summer of 2022....
...Jennifer Hughes No. Sonja Hutson Jen Hughes is the FT’s US markets editor. Thanks, Jen. Jennifer Hughes Thank you....
...Travel chaos roiled the world’s busiest international airport in Dubai for a third day, after a record-breaking storm which hit the United Arab Emirates caused the cancellation of more than 1,000 flights...
...[MUSIC PLAYING] The other day, I was on the line with the FT’s US markets editor, Jennifer Hughes, and I wanted to show her something....
...Jennifer HughesTrue to form being Robinhood, they’ve come out with a solid gold credit card version, actual solid gold. Sonja HutsonI’m Sonja Hutson, and here’s the news you need to start your day....
...The tech-heavy Nasdaq Composite ended the day 0.3 per cent lower. Chipmakers AMD and Nvidia slipped 4 per cent and 3.2 per cent respectively....
...The tech-heavy Nasdaq Composite ended the day 0.3 per cent lower....
...Jennifer Hughes It’s possible, for sure....
...Storm Pia hit northern parts of the UK the hardest, bringing down trees and leading to disruption on the roads and to other rail services....
...jennifer.hughes@ft.com...
...Two days later, in a letter sent by STDC chief executive Julie Gilhespie, PDT was told that the board of the regeneration body had rejected PDT’s proposal. A six-week trial followed in October....
...Located in one of several areas that received twice the nation’s average annual rainfall in one day, her family slept in a bathroom overnight as high winds tore off the roof of her newly built home....
...Donald Trump’s Truth Social platform is riding a wave of enthusiasm from small investors as a second day of gains took the lossmaking social media group’s valuation above $13bn....
...Shares in Donald Trump’s social media business were poised on Wednesday to surge a further 20 per cent at the open of trading in New York, having risen 16 per cent on debut the day before....
...On Wednesday the dollar gained just over 1 per cent against a basket of currencies, including the yen, for its best one-day performance in more than a year....
...A day earlier, shares in AI infrastructure group Astera Labs surged 72 per cent on their Nasdaq debut. The company raised $713mn....
...It came a day after shares of Astera Labs, an artificial intelligence infrastructure-related group, surged 72 per cent on the Nasdaq in an offering that raised $713mn....
...sequence Crispr-Cas9 in 2012, told the Financial Times she would “love to see the day when Crispr is a standard of care for certain kinds of diseases”....
...The Aslef union on Wednesday announced a programme of one-day rolling strikes in April and May with the aim of increasing pressure on 16 train companies for a pay rise....
...At the end of the day we are a global business . . . our group is looking at this from a purely portfolio perspective thinking ‘well OK if there is no commitment in the UK we will put the investment somewhere...
...infrastructure-related group Astera Labs jumped more than 70 per cent on its Nasdaq debut on Wednesday in a move that will bolster hopes for the high-profile float of Reddit, due to price its offering later in the day...
...“Kids these days want six figures a year just for turning up,” he decried to his companion. As a member of the so-called “snowflake generation”, it was nice to read a more nuanced take....
...“The vast majority of people I speak to don’t think inflation will come back to 2 per cent sustainably,” said Jon Day, a portfolio manager at Newton Investment Management....
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