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...Lingotto will be chaired by George Osborne, the former UK chancellor who is now a banker at boutique advisory firm Robey Warshaw....
...Stocks had been poised to open higher but the S&P 500 dropped 0.2 per cent in early trading after John Williams, head of the New York Federal Reserve, said that rate cuts were not the priority for policymakers...
...The last time US and UK elections took place within a few weeks of each other was in 1964, at the height of the cold war and after the assassination of John F Kennedy....
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...Lululemon’s shares have surged 49 per cent over the past 12 months — easily beating a 4.6 per cent rise for the S&P Retail Select Industry index....
...He added: “My estimate is unprotected departments will now face cuts of about 4 per cent a year — that’s two-thirds of the rate that [former chancellor] George Osborne cut those departments by in the 2010s...
...It was too shocking for staff to believe ill of a curatorial colleague: Osborne has said “groupthink” was partly to blame....
...“Getting John Major, Tony Blair, George Osborne and Gordon Brown to agree on something is unusual,” Balls told the Financial Times....
...Today it’s very different,” said John Wolff, chief investment officer for the public equities fund at venture capitalist Insight Partners....
...Australia’s S&P/ASX 200 was flat. On Friday, New York Federal Reserve president John Williams said the US was on track to cut interest rates “later this year”....
...On Friday, New York Fed president John Williams said the US was on track to cut interest rates “later this year”....
...john.plender@ft.com...
...As chancellor, George Osborne delivered significant tax cuts for individuals and reduced the size and scope of the state....
...Full year net income of $7.3bn was up from $4.2bn the previous year and ahead of the $6.9bn pencilled in by Wall Street analysts, according to S&P Capital IQ....
...Investors were very, very excited by all this news and the S&P 500 jumped by 1.4 per cent. We’ll get even more monetary policy news soon....
...“It’s an auction for people who enjoy Elton John and his music....
...Labour former prime ministers Tony Blair and Gordon Brown, Conservative leader John Major and former Tory chancellor George Osborne are among those calling for a more consistent cross-party approach....
...Peltz secured a board seat for his son-in-law, and then in October 2018 got Immelt’s successor John Flannery replaced by CEO Larry Culp....
...ing] uncapped exposure to the S&P 500, while buffering against the possibility of significant losses”....
...But funds gained 6.1 per cent on average, compared with the S&P 500’s 26.3 per cent gain....
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...This story has been amended to clarify the job titles of John McAuley and Richard Duffield at Citi....
...Each has assigned a person of clout — a deputy prime minister in John Prescott, a chancellor of the exchequer in George Osborne, the elemental force that was prime-age Michael Heseltine — to lead the mission...
...John Redmond, a supermarket assistant manager, and Kayleigh Kitson, a promotions rep, were the two main characters in which hit British sitcom of the 2010s?...
...Many are now snapping up options tied to the S&P that profit if the market keeps on rising....
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