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...It wants property group Urban Splash to pay £46mn of remediation costs at seven buildings in Manchester, and developer Hollybrook to pay £3.4mn for a building in London....
...Pre-tax profits at the John Lewis Partnership were £56mn in the year to January, compared with a £234mn loss the previous year. Sales climbed 1 per cent to £12.4bn....
...Israeli spending increased 24 per cent, rising from an average of $1.8bn per month before Hamas launched its assault on Israel in October last year to $4.7bn in December, said Sipri....
...More than $1.6bn of the awards involve hydrogen, and come on top of IRA’s tax credit of up to $3 a kilogramme of clean hydrogen, as well as its subsidies for clean energy production....
...Based on reporting by Roman Olearchyk, Christopher Miller, Ben Hall, Max Seddon, John Paul Rathbone, John Reed, Guy Chazan, Henry Foy, Mehul Srivastava, Polina Ivanova and Tim Judah....
...Calvin Klein cotton jersey vest, £40 Louis Vuitton leather bustier, £3,015, and chiffon double-layer skirt, £3,960. Converse cotton canvas Chuck Taylor All Star sneakers, £60....
...In mid-April 2023, on the same day that Wood said it had given Apollo access to due diligence materials, Sparta top-sliced its stake from 3.45 per cent to 3.16 per cent....
...John Lobb suede loafers, £1,310....
...Capitalisation has fallen from a peak of £1.8bn to a derisory £400mn today....
...Europe has meanwhile increased its defence spending from 1.3 per cent to 1.6 per cent of GDP over the same five-year period....
...Five more top stories 1....
...john.plender@ft.com...
...It estimates the initiative will generate an additional £1.4bn by the end of the 2028-29 tax year....
...But by 2026 with the bank rate at maybe 3.1 per cent or 3.2 per cent, I can get back to repaying a larger portion of the principal,” he says....
...The company’s hyperactivity, laced with a lot of investor hype about AI, has helped Microsoft re-emerge as the world’s most valuable public company with a market value of $3.1tn, more than all the companies...
...john.burn-murdoch@ft.com, @jburnmurdoch...
...Since the UK left the EU the fees have risen from 0.2 per cent to 1.15 per cent for debit cards and 0.3 per cent to 1.5 per cent for credit cards, it added....
...(See 1, above)....
...John Lobb leather Henry shoes, £1,910. Tiffany & Co leather Lock bangle, £7,000. Cartier gold Privé Tank Normale large watch, £29,700 From left: Canali nylon bucket hat, £270....
...At today’s share price, TMTG is worth almost $9bn and Trump’s stake in it is valued at approximately $3.5bn....
...Hong Kong’s Hang Seng index dropped 0.3 per cent, while China’s CSI 300 fell 0.8 per cent....
...Meanwhile the delayed effects of the last two years of monetary tightening stand to be -1 per cent to -3 per cent of GDP. Of course, policy settings could change....
...Futures for Brent crude, the international oil benchmark, rose as much as 4.2 per cent to $90.75 per barrel and then retreated to trade 1.1 per cent higher at $88.04....
...The CLEWI climbed 4.9 per cent in 2023 — above the 3.4 per cent rise in US CPI in the same period — following increases of 7 per cent in 2022 and 10.1 per cent in 2021....
...John Williams, president of the New York Fed, will participate in a discussion organised by the Long Island Association....
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