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UK Budget 2024
Rich non-doms ‘dismayed’ by Hunt’s decision to end tax breaks
...Marco Cerrato, a partner at Maisto e Associati, a law firm operating in Italy and the UK, said the change would boost the allure of Italy, which he said allows longer-term planning than the new British system...
March 8, 2024
Leon Black
Leon Black’s downfall confounds the legacy of #MeToo on Wall Street
...“To be very clear,” his lawyers later wrote, “the ‘E’ in ‘E Trust’ stands for ‘Extortion’.” IV. In June 2021, Wigdor filed a civil complaint on Ganieva’s behalf....
November 22, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Chinese business & finance
HSBC installs Communist party committee in Chinese investment bank
...HSBC said in a statement that “[e]mployees of private firms in China are able to form a Party branch. These branches are common and can be set up by as few as three employees....
July 21, 2022
LexTobacco
UK’s vape ban highlights benefit of big tobacco’s run-off strategy Premium content
...focused on non-disposable e-cigarettes, may see the ban as a net positive for their smoke-free businesses....
January 31, 2024
HTSIThe HTSI wedding special 2024
What to drive to your wedding
...Rolls-Royce Phantom or Morris Minor Convertible, helicopter or Piaggio?...
April 18, 2024
InterviewVisual Arts
Artist Frank Auerbach: ‘I was working at the very edge of my powers’
...Most urgently, agitatedly depicted is Stella West (“Head of E.O.W”), who modelled for Auerbach three nights a week in her Earl’s Court basement....
January 20, 2024
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
Deutsche Bank AG
Deutsche Bank’s key Russian IT unit hangs in the balance
...Some of the e-trading systems that could be affected if the Russian units are closed include “QuoteGateway”, which sends fixed-income pricing to markets; price negotiation handling through the “Rome” and...
March 4, 2022
ReviewFilm
Afire — a brittle comedy of manners set on Germany’s Baltic coast
...At first they don’t see but only hear her: she keeps them awake at night with music and enthusiastic lovemaking, her partner being lifeguard Devid, played by Enno Trebs (yes, Devid with an e — “an old GDR...
August 24, 2023
Travel
Asturias — why Spain’s cool coast is this summer’s hot destination
...The A66 motorway north out of León, which swings between high-mountain passes and plunging gorges, offers one of Spain’s most eye-popping drives....
March 13, 2024
Credit Suisse Group AG
Credit Suisse privately challenged Finma’s AT1 writedown
...“Both sides of the contract say the same thing: the drafter and the reader — i.e. Credit Suisse and the investors — are in agreement,” he added....
May 22, 2023
Revolut Ltd
Revolut in shareholder battle with SoftBank as UK licence talks stall
...In July 2021, SoftBank’s Vision Fund 2 led an $800mn series E fundraising that valued Revolut at $33bn, a valuation boosted by $8bn after a meeting between Son and Storonsky....
May 19, 2023
British American Tobacco PLC
New British American Tobacco chief calls for ‘better’ vaping rules
...Countries including India, Thailand and Argentina have already implemented complete bans on all e-cigarettes....
August 1, 2023
Banks
JPMorgan and Deutsche Bank sued by Epstein victims
...Numerous high profile financial figures such as Apollo’s Leon Black and ex-Barclays chief executive Jes Staley have been forced to step down due to their ties to the late paedophile....
November 24, 2022
UK Live news updates from October 20: Liz Truss resigns, Sunak emerges as favourite
Philip Morris International boosts offer for Swedish Match
...Separately, PMI agreed on Wednesday to pay Altria about $2.7bn for the US commercialisation rights for IQOS, a line of e-cigarettes....
October 20, 2022
Tobacco
Altria nears deal to buy e-cigarette maker Njoy for at least $2.75bn
...Juul executives have sounded out tobacco companies including Japan Tobacco and Philip Morris International in recent months about a possible investment, sale or licensing agreement, according to people briefed...
February 27, 2023
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Working It
Why ‘return on experience’ = the hot new work metric
...E.g. “Great work on X and Y, I’ve been impressed with how you’re progressing....
November 22, 2023
Altria Group Inc
Altria makes fresh bet on vaping as it tries to move beyond Juul loss
...The former Philip Morris rebranded as Altria in 2003 and spun out its international operations as PMI in 2008....
March 26, 2023
InterviewLeadership
Philip Morris’s CEO on quitting smoking and detoxifying the brand
...Philip Morris was part of a joint $206bn settlement with three other tobacco companies. PMI was spun out of Altria, the rebranded version of Philip Morris, in 2008....
March 5, 2023
Philip Morris International Inc
Philip Morris raises Swedish Match offer to $15.7bn
...Philip Morris International has raised its offer for Swedish Match by almost 10 per cent, caving to pressure from activist hedge funds in a last-ditch effort to complete the takeover of the smokeless tobacco...
October 20, 2022
Altria Group Inc
Altria exits vaping group Juul after stake plummets in value
...Juul executives have sounded out tobacco companies including Japan Tobacco and Philip Morris International in recent months about a possible investment, sale or licensing agreement, according to people briefed...
March 4, 2023
Transcript
SVB’s cardinal sin
...Surprisingly, it’s not the big tobacco companies like British American Tobacco and Philip Morris who are making the money out of this....
March 13, 2023
HTSI
The eternal joy of Sylvanian Families
...“When we did the pig family, the father was called Richard E Grunt and the son was Hugh Grunt.”...
June 30, 2023
FT Magazine
The future of vaping looks a lot like cigarettes
...The likes of Philip Morris, British American Tobacco and Japan Tobacco International all have their own vaping brands, with names such as Veev and Vuse....
August 10, 2023
National Health Service
Public satisfaction with NHS plummets to 40-year low, says survey
...A record 40 per cent of respondents said they were dissatisfied with A&E services, an increase of 11 percentage points from the previous year....
March 28, 2023
ReviewVisual Arts
Morris Hirshfield review — intense visions of an outsider
...Even during the Depression, his company, E-Z Walk, brought in $1mn a year and allowed Hirshfield to live in a spacious house in Borough Park, Brooklyn....
October 5, 2022

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