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News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
M&G profits rise more than a quarter in 2023
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
March 21, 2024
M&G Investments PLC
M&G’s Rossi targets private asset growth
...The group is split into an active asset management arm, a life insurance and pensions business and a financial advice business. M&G’s share price rose by about 2 per cent in morning trading....
March 21, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
Volkswagen and Xpeng to develop two EVs for cut-throat China market
...Volkswagen and Chinese start-up Xpeng have sealed an agreement on jointly developing two electric vehicles, offering new details of a partnership aimed at securing footing amid cut-throat competition in...
February 29, 2024
Inside BusinessPeter Campbell
How a survivalist mentality has helped Stellantis eclipse Volkswagen
...There has been a reshuffle on the world’s automotive podium. Volkswagen lost the crown as the world’s largest carmaker by sales to Toyota in 2016 in the wake of its diesel emissions scandal....
March 13, 2024
News updates from February 6: US court denies Trump presidential immunity, Boeing jet in Alaska Airlines blowout was missing bolts
Majority of workers at Volkswagen’s US plant recruited to union, UAW says
...The United Autoworkers Union has recruited a majority of workers at Volkswagen’s US plant in Chattanooga, Tennessee, as it seeks to build momentum from last year’s strike....
February 6, 2024
Volkswagen AG
Volkswagen to discuss future of Xinjiang operations with Chinese JV partner
...Volkswagen has responded to fresh allegations of having benefited from forced labour in Xinjiang by announcing talks with its Chinese joint venture partner over “the future direction of business” in the...
February 14, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Volkswagen AG
Volkswagen considers partnership to produce mass market electric vehicles
...Volkswagen is considering partnering with other carmakers to produce cheaper electric vehicles to help it compete with a coming wave of lower-cost rivals from China....
March 13, 2024
Electric vehicles
Volkswagen cuts price of EV and combustion engine cars to boost deliveries to China
...Analysts also warned that in Europe Volkswagen faced potential fines if it failed to make significant progress in electrifying its fleet before a 2025 deadline....
April 10, 2024
Volkswagen AG
Volkswagen fails to win ground in China
...Volkswagen has failed to win ground from key rivals such as Tesla and BYD in China, despite spending €5bn last year to defend its position in the world’s biggest car market....
January 9, 2024
Letter
Letter: Baltimore disaster must address totality of risks
...That’s a fundamentally different question. Richard G Little Visiting Research Scholar Industrial and Systems EngineeringRensselaer Polytechnic InstituteTroy, NY, US...
April 9, 2024
ReviewFiction
Andrey Kurkov’s The Silver Bone — a Ukrainian saga of crime and war
...There is a scene close to the end of Andrey Kurkov’s The Silver Bone in which the novel’s hero, Samson, a young police investigator, has finally cornered a key suspect in his hide-out....
February 29, 2024
Electric vehicles
Audi looks at EV manufacturing in US to expand market share
...Audi is looking into manufacturing electric cars in the US, including using space in a $2bn plant being built by parent company Volkswagen in South Carolina....
March 19, 2024
Procter & Gamble Co
P&G points to stronger consumer demand and slowing price rises
...P&G took a $1.3bn non-cash impairment charge against the value of its Gillette shaving brand, citing the weakening of several currencies against the US dollar, and reported a 15 per cent organic fall in...
January 23, 2024
Volkswagen AG
Veteran asset manager hits out at VW’s ‘flawed’ governance
...Flossbach pointed out Italian luxury sports-car maker Ferrari, which is more than 50 times smaller than Volkswagen by revenues, has a larger market capitalisation than VW....
December 27, 2023
Volkswagen AG
Volkswagen executives warn works council of job cuts
...Executives at Volkswagen are warning of job cuts, as negotiations with the group’s powerful works council heat up while the German carmaker prepares the ground for a €10bn cost-cutting programme....
November 27, 2023
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
November 22, 2023
Stellantis
Stellantis chief’s pay package approved by investors despite dissent
...It compares with a €23mn pay package in 2022. By contrast in Europe, Oliver Blume, chief executive of Volkswagen, was awarded a €8.7mn pay package for 2023....
April 16, 2024
ReviewFiction
The Coiled Serpent — gruesome fare, served with cold precision
...While some tales take place explicitly in the UK — in a historic Tudor house museum in Margate, a Victorian swimming complex, a patch of countryside resembling Somerset — others are in a kind of fairytale...
December 8, 2023
News updates from October 18: Netflix beats subscriber expectations, China’s economy grows 4.9%
P&G beats revenue expectations as customers absorb higher prices
...P&G reported net sales of $21.9bn in the three months ended September 30, a 6 per cent increase from a year earlier and beating analysts’ expectations for $21.6bn....
October 18, 2023
ReviewNon-Fiction
An Ordinary Youth by Walter Kempowski — growing up under Nazi rule
...There are little things — “Jew’s-beard geraniums” in window ledges — and bigger ones: a burned-out synagogue, with a broken Star of David on its wrought iron gate....
November 24, 2023
Trump Media & Technology Group
Ken Griffin’s trading firm blasts Trump Media boss as ‘loser’
...Trump Media went public through a merger with a blank-cheque company late last month....
April 19, 2024
Automobiles
A $10bn car? The trend for hyper-personalised cars gains momentum
...A picture caption in this article has been updated to say that one of the images is the interior of a Rolls-Royce Phantom, rather than a Bentley...
April 12, 2024
Letter
Letter: Here’s a challenge from a professor of econometrics
...Peter G Moffatt Professor of Econometrics University of East Anglia, Norwich, UK Letter in response to this letter: The tricks Nixon tried to get re-elected!...
January 8, 2024
Federal Deposit Insurance Corp
US regulator criticises Swiss handling of Credit Suisse as ‘unhelpful’
...“I would put JPMorgan or another G-SIB into a resolution process,” he said. “We think this is doable . . ....
April 10, 2024
Letter
Letter: Why the airline business is unsuited to theory of the firm
...Matthew G Andersson Founder and Former CEO, Indigo Airlines Former President, Indigo AerospaceChicago, IL, US...
January 24, 2024

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