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...UK executives such as Vanessa Kingori and UK managing director Albert Read have also left Vogue....
...The disposals flattered 2023’s results but have raised questions over future sources of growth....
...Read more here. 5) Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour....
...Read more here....
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Read the details here. The US has had its latest bank panic and emergency rescue in the form of New York Community Bancorp....
...Read more here. UK pensions will, reliably, be one focus of today’s Budget — in recent months they seem to have been held up as the answer to all manner of UK economic ills....
...Read it here. But on the upside, dry January is over — everybody drink! Especially if you’re in Australia....
...Read it here....
...Mark Read, chief executive of WPP, said it was “too early” to say whether these moves would lead to more or fewer jobs in the sector....
...Let us know at lexfeedback@ft.com or helen.thomas@ft.com. 1) This will be a big year for Big Tech, and the regulators that are seeking to control its power....
...Read said 2023 was a “year of adjustment” after strong growth through the pandemic, and particularly “given our exposure to technology clients”....
...Read more here...
...Both Read and Sadoun agree some jobs will disappear but say many others — in data sciences, programming and analytics — will be created. “We don’t have all the answers yet,” says Read....
...A few good reads Judging by the readership of the Lex column this week, there remains much interest in the state of hard-pressed European banks....
...Things to read The deals above effectively transfer credit risk from the highly regulated world of banking into the hands of other investors....
...Email me: helen.thomas@ft.com. 1) It’s been freezing in London....
...You can read the full piece here. Another story caught my eye this week on how the regulatory cycle is playing out in a different area: UK audit....
...Read Ostermeier and Florian Borchmeyer’s version, translated by Duncan Macmillan, and it comes roaring off the page as if written yesterday, seething with rage and despair....
...[MUSIC PLAYING] Marc Filippino You can read more on all of these stories at FT.com for free when you click the links in our show notes. This has been your daily FT News Briefing....
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