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News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
Ageas increases preliminary bid for Direct Line
...It said full-year results next week would include “an update on further initiatives” to turn the business around under new chief executive Adam Winslow....
March 13, 2024
FT Alphaville
FTAV’s further reading
...Elsewhere on Monday… — Trading floor shut in London (New York Times, see also) — An apology for January (The Fence) — Geoff Harcourt: what Adam Smith really said (The Political Economy of Development)...
January 15, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
Direct Line launches £100mn cost saving plan as it fights off bid interest from Ageas
...Presenting his first set of full-year results on Thursday, just weeks after he joined the group, Adam Winslow said Direct Line had a “strong platform for recovery”....
March 21, 2024
News updates from March 22: Dozens dead in Moscow attack; Princess of Wales undergoing cancer treatment
Belgian insurer Ageas says it will not make an offer for UK’s Direct Line
...Direct Line acknowledged Ageas’s decision and said it was “well positioned to drive material improvement in performance that is expected to unlock significant value” for its shareholders under new executive Adam...
March 22, 2024
FirstFT
FirstFT: Larry Fink warns of looming ‘retirement crisis’
...Adam Neumann has submitted a conditional bid of about $600mn for WeWork, the bankrupt co-working company he led until 2019, according to three people briefed on the matter....
March 26, 2024
Letter
Letter: Work model as radical as Smith’s division of labour
...It is time to conceive a way of working as revolutionary as that described by Adam Smith, the 18th-century Scottish philosopher and economist, in his theory of the division of labour illustrated by the example...
February 23, 2024
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Direct Line Insurance Group PLC
Direct Line launches £100mn saving plan as it fights takeover interest
...Unveiling his first set of full-year results on Thursday, just weeks after he joined the group, Adam Winslow said Direct Line had a “strong platform for recovery”, after a return to profit allowed the group...
March 21, 2024
News in-depthPrivate credit
The former rugby lawyer shaking up the world of private credit
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
April 7, 2024
FirstFT
FirstFT: China sets new ‘ambitious’ economic targets
...US economic security: Washington is seeking to defend the rules-based international order with unruly, self-interested interventions, writes Adam Tooze....
March 5, 2024
ageas SA/NV
Direct Line rebuffs £3.1bn offer from Belgian insurer Ageas
...The news comes just two days before Adam Winslow starts as Direct Line’s new chief executive and faces the challenge of turning around the business after a bruising 18 months....
February 28, 2024
FirstFT
FirstFT: Apple abandons secretive electric vehicle project
...Take a break from the news Scarves are a bold statement piece, whether tied as high as you like and wrapped around, or leaving a sliver of flesh showing from the chin to the Adam’s apple, or in the very...
February 28, 2024
Letter
Letter: EU single market is a project Adam Smith would understand
...Without a clear prospect of reintegrating with the EU, the UK risks becoming a backwater of Adam Smith’s regional economy....
September 26, 2023
FirstFT
FirstFT: Elon Musk sues Sam Altman and OpenAI over Microsoft partnership
...‘We overlooked how resilient people are’: Former central banker Adam Posen talks policy, rates, productivity, China and AI with the authors of Unhedged. Read the full interview....
March 1, 2024
UK Budget 2024
How high taxes and low growth have squeezed Britain’s top earners
...“While incomes have stagnated for poorer households, middle- and higher-income households will be considerably worse off at the time of the next polling day than they were at the last one,” said Adam Corlett...
March 6, 2024
FirstFT
FirstFT: Joe Biden defends his mental fitness after scathing DoJ report
...Today’s big read The reappearance this week of WeWork co-founder Adam Neumann caught creditors in the co-working giant by surprise and added to the chaos of an already messy bankruptcy process....
February 9, 2024
FT Live
Outstanding Directors Exchange
Fostering trust for steadfast leadership
Wednesday, 12 JuneHarvard Club of New York City, West 44th Street, New York, NY, USA
News updates from August 30: Country Garden loses record $7bn in H1, Gabonese military completes coup
Direct Line appoints Aviva’s Adam Winslow as chief executive
...Insurer Direct Line has poached Adam Winslow, a senior executive at rival Aviva, to be its new chief executive, as it seeks to recover from a string of profit warnings....
August 30, 2023
FirstFT
FirstFT: Israel suffers deadliest day of the war
...The claim by Adam Steensberg follows a 100 per cent surge in the company’s share price in the past year....
January 23, 2024
FirstFT
FirstFT: Joe Biden blames Donald Trump for sinking his Ukraine bill
...Adam Neumann is trying to buy WeWork out of bankruptcy, claiming he has Wall Street backing to take control of the company he was ousted from after racking up billions of dollars of losses....
February 7, 2024
FirstFT
FirstFT: Powell expects Fed to make three rate cuts this year
...Our reporter Adam Samson visits Antakya, capital of Hatay province, where residents say despite outward signs of progress, they face problems accessing clean water and other basic needs....
February 5, 2024
FT SeriesHTSI spring menswear special 2024
An ode to the trench coat
...Paul Smith cotton/silk socks, £41 Models, Adam Larkin, Alec Lermon, Boo Mehmet and Khari Madu at Xdirectn; Ayobami, Ayokunle and Ayooluwa Oyesanwo and Warren at Kids London Ltd; Bear Cox at Present; David...
March 7, 2024
Post Office scandal
Evidence of fraud ‘quite compelling’, says Post Office’s ex-managing director
...“Looking back, there were potential opportunities missed at the time,” Smith added....
April 12, 2024
FirstFT
FirstFT: Citi pushes into China
...In a lawsuit filed yesterday, the office of New York mayor Eric Adams said it was seeking $708mn in compensation from the companies....
January 5, 2024
Direct Line Insurance Group PLC
Direct Line appoints Aviva’s Adam Winslow as chief
...UK motor insurer Direct Line has poached Adam Winslow, a senior executive at rival Aviva, to be its new chief executive as it seeks to recover from a string of profit warnings amid spiralling inflation in...
August 30, 2023
FT and Schroders Business Book of the Year 2024
Business Book of the Year Award 2024: winners pick their favourites
...Sebastian Mallaby, ‘The Man Who Knew: The Life & Times of Alan Greenspan’ (2016) Favourite: The Money Game, by “Adam Smith”....
April 22, 2024
Due Diligence
The Spac that made Donald Trump rich again Premium content
...Adam Neumann plots his return to WeWork For weeks, DD reporters have been hearing about former WeWork chief executive Adam Neumann’s fundraising efforts to swoop in and buy the company out of bankruptcy...
March 27, 2024

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