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...A major bridge in Baltimore collapsed in the early hours of Tuesday morning after being hit by a cargo ship, causing what emergency services are describing as a “mass casualty event”....
...I love this haiku from the 18th-century Japanese poet Kobayashi Issa: “What a strange thing! / to be alive / beneath cherry blossoms.” jemima.kelly@ft.com...
...Société Générale: Shares in the French financial services group rose 4.5 per cent after it announced a deal with Saham Group to sell Société Générale Marocaine de Banques and La Marocaine Vie in a transaction...
...Adidas: Shares in the German sportswear brand advanced 6 per cent after it reported a better than expected first quarter and lifted its full-year guidance for operating profit to €700mn from €500mn....
...Robert Walters: Shares in the UK-based international recruitment company slipped 6 per cent after it reported a 16 per cent annual fall in net fee income for the first three months of the year and warned...
...Survey data from the previous quarter showed consumer confidence rose for a fifth consecutive quarter to its highest level in two years....
...UK media: Regulator Ofcom publishes a report on media use and attitudes of parents and children....
...Core inflation, which strips out energy and food prices, is expected to slow to 4.3 per cent from 4.5 per cent in the previous month EU events: A special summit of EU heads of state focuses on improving...
...We should take a leaf out of America’s book and get better not just at sharing our achievements, but also making the space for others to do the same. jemima.kelly@ft.com...
...morning, in a suspected retaliatory attack by Israel following last week’s assault by Tehran....
...US-based International Paper has agreed to buy UK competitor DS Smith in a £7.8bn deal, trumping a bid from London-listed Mondi as consolidation across the paper and packaging industry accelerates....
...Nietzsche, not enough Aristotle / From Owen Kelly, University of Edinburgh Business School, Edinburgh, UK...
...to a £6.2bn enterprise value....
...Tui: Shares in the German travel company rose 3.5 per cent on its first day with a primary listing on the Frankfurt stock exchange....
...Miners have struggled for profitability after a debt-fuelled expansion in the 2021 crypto bull market was curtailed by a crash....
...M&C Saatchi: Shares in the British marketing agency slipped 2.3 per cent after its full-year results showed a 2 per cent fall in revenues and a 10 per cent drop in profit before tax....
...a £1bn share buyback....
...Rheinmetall: Shares in the German defence company rose 2.3 per cent after it received a new government contract to provide weapons systems for self-propelled howitzers, in a deal worth €135mn....
...Martin Flodén, deputy governor of Sweden’s Riksbank, speaks at a DNB Bank event about the country’s economy and monetary policy....
...Mobico: Shares in the international transport group formerly known as National Express slid 10 per cent after the FTSE 250-listed company warned of a hit to profits in light of a review into the accounts...
...DS Smith: Shares in the UK-based packaging supplier advanced 7.5 per cent a day after it confirmed it was in talks with International Paper over a possible $7.2bn all-stock offer....
...Swedish inflation: The Riksbank is predicted to report a March annual inflation reading of 2.6 per cent, according to analysts polled by the London Stock Exchange Group....
...trading update that it expected a summer of major sporting events to help offset “challenging” trading conditions this year....
...net loss of €3.4bn last year, up sharply from a €1bn loss in 2022....
...jemima.kelly@ft.com...
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