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...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
...Marc FilippinoMartin Arnold is the FT’s Frankfurt bureau chief. Thanks, Martin. Martin Arnold Thanks, Marc....
...Reporting by Owen Walker and Akila Quinio in London, Sarah White in Paris, Barney Jopson in Madrid, Martin Arnold in Frankfurt, Silvia Sciorilli Borrelli in Milan and Andy Bounds in Brussels Data visualisation...
...Judge Sinfield was having none of it, citing the finest quote from the recent poppadom case, Walkers Snack Foods Ltd v HMRC: Nominative determinism is not a characteristic of snack foods “We agree,” wrote...
...Credit Suisse shares closed down 24.2 per cent on Wednesday, pushing its market value below SFr7bn ($7.6bn)....
...As his touring exhibition Wonderful Things – which first showed at the V&A in 2019 – opens at the J Paul Getty Museum in Los Angeles next month, a new selection of Walker’s works will also be available to...
...It has almost halved its non-performing exposures — long a source of concern for the ECB — from 5 per cent of its loan book in 2019 to 2.8 per cent this year. Additional reporting by Owen Walker...
...The €2.2tn of subsidised loans provided by the ECB to banks helped to avert a credit crunch when the Covid-19 crisis hit....
...BNP Paribas has an extra 2 per cent capital buffer through being grouped in the third bucket along with Citigroup and HSBC....
...Additional reporting by Mark Vandevelde, Jennifer Hughes and Kate Duguid in New York; Owen Walker and Joshua Oliver in London; Martin Arnold in Frankfurt; and Sarah White in Paris...
...The second, Eddy Arnold and Cindy Walker’s “You Don’t Know Me”, showcases Allen’s warm heart on the ballad of the set....
...The bank had €2.8bn of customer deposits at the end of 2020, of which €769mn were retail deposits....
...cotton poplin shirt, €720 Studio Tashtego by Tina Vlassopulos terracotta Loop vase, POA Kióhne Olivia swimsuit, €105 Missoni embroidered cotton Margot blanket, £1,035, and matching cushion, £250 Olivia Walker...
...SocGen has the biggest financial exposure to Russia of any European bank, with €2.6bn, according to research from JPMorgan. Austria’s Raiffeisen has €1.9bn of exposure, while UniCredit has €1.4bn....
...The marketing dream of a Messi v Ronaldo World Cup final is still alive, at least for the next few hours....
...Credit Suisse no longer owned the naming rights to First Boston, which had been acquired by a series of small financial services businesses that refused to sell, report DD’s Arash Massoudi and the FT’s Owen Walker...
...The company is on track to generate $2.2bn in revenues from advertising in the US this year, eMarketer estimates....
...The sudden boom in orders last autumn, in the wake of a sharp, pandemic-induced drop, resembled “a very sharp V . . . in China it was a very, very sharp V,” Busch said....
...Revenues were up 16 per cent on last year at $10.5bn and profits increased by 24 per cent to $2.8bn....
...In particular, Burden mentions the neon, gloss and pearlescent coloured frames created in collaboration with set designer Shona Heath for the Tim Walker exhibition at the V&A Museum last year....
...WCS reported revenues of £62m and a pre-tax profit of £2.5m in 2018, the most recent year for which figures are available. However, it had support from its parent company....
...Peter Altmaier, economy minister, also sent an upbeat message about the German economy last week, forecasting that the resilience of the country’s labour market would help it achieve a sharp, V-shaped recovery...
...“They've managed a V-shaped recovery in the Chinese economy.”...
...Additional reporting by Laura Noonan in New York, Owen Walker in London and Olaf Storbeck in Frankfurt...
...Additional reporting by Martin Arnold in Frankfurt...
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