What started as a characteristically bold scheme came crashing down after a startling series of setbacks
FTSE 100 group resumes dividend for first time in five years
Vehicles’ relatively high management fees are still cheaper than average charged by funds of funds
A cornerstone of the bull market suddenly looks wobbly
Hello uptiers, trapdoors, dropdowns, and double dips
People’s Bank of China struggles to convince traders that market is overheating
Investors balk at steep valuations amid modest corporate outlooks and bets rise on Fed rate cuts
French bank seeks greater scale for its investment business
European Commission rejects complaints that Ukrainian sanctions on Lukoil threaten security of supply
Facebook and Instagram’s parent company earnings show strength in core advertising business
Alex Beard and four other former employees of UK-listed commodity trader charged after long-running bribery probe
Lacklustre Chinese demand helps push copper down around 20% from record high, while other base metals and corn also fall
Earnings uplift from weak currency might not last much longer
Gas, crude and power prices have dropped back and stabilised to levels before Ukraine war, notes Wael Sawan
New rules in October will make reimbursement compulsory
Bank of Japan’s interest rate increase catches Tokyo market by surprise
Ack-man of La Mancha
ICI finding stands in contrast to broader narrative of significant outflows from the wrapper
And crypto regulation
Can the new $20bn Dangote refinery and ending fuel subsidies help to transform the economy?
Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy
Tacit acknowledgment of this by the country’s central bank signals a shift to more honest thinking
Commodity trader buys half of Varo Energy’s $600mn Dutch project
Blonde ambition
