Doubts about Reform and Labour benefit Kemi Badenoch
Nigel Farage’s party is losing credibility as a viable option for voters, to the advantage of the Tories
Online holdout Primark launches delivery service to arrest sales slump
Low-cost fashion retailer had long been sceptical of the economics of online delivery
John Lewis profits hit by heatwaves and weaker customer demand
Pre-tax losses widen to £89mn in six months to August at employee-owned retailer
Huawei vs Apple and Musk ‘Chinamaxxes’
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
Abu Dhabi buys into China’s Luckin Coffee with $1bn deal
Mubadala widens presence in world’s second-largest consumer market
Treasury yields jump as Bessent’s $6bn buyback plan disappoints investors
Ten-year borrowing costs hit highest level in nearly three years despite upsized repurchase programme
FT Alphaville’s Art of the Chart show returns 15 October. Tickets are £5, get them here
Delightful dataviz and drinks in London’s oldest parish church 👇
Must high bond yields crack stocks?
It’s mood first, then maths
FTAV’s further reading
Disinfo; bonds; history; humanities; men; books
Transcript: The world at war
Gideon Rachman speaks to John Sawers, Tom Tugendhat and Kim Ghattas
Germany holds the line against a larger EU budget
Also in this newsletter: Vučić rolls the electoral dice
Transcript: AI rewrites the venture capital playbook
Sonja Hutson speaks to Leo Lewis and Tim Bradshaw
FirstFT: Trump tariff remarks cost lead candidate IMF job
Also in today’s newsletter: Ukraine’s anti-graft agency and EU social media ban
Trump promises $5,000 ‘dividend’ for US voters if Republicans win midterms
President puts himself at centre of congressional election campaign despite his plummeting approval ratings
Japan must raise rates, central banker says
Hawkish BoJ comments follow pressure from Scott Bessent and volatility in currency and bond markets
Sports Exchange
This series features insights from some of the most influential figures in sports ownership and leadership. In this instalment: Arctos founders Ian Charles and David O’Connor on soaring valuations, AI, fan experience and the changing economics of owning sports teams
The new rainmakers of European private equity
The continent’s firms have overhauled their leadership in recent years
Lessons drawn from Charles Goodhart
What we can learn from the influential economist who turns 90 next month
Debate over Swedish school model rages ahead of elections
Left blames private sector-run operations for falling standards of education
Dior and A24 are joining forces at a New York theatre. Why?
The film company and the luxury fashion house are building a two-year partnership around the 100-year-old Cherry Lane Theatre
The end of the ‘win-win’ era
In these zero-sum times, the sunny optimism of the post-cold war phrase seems a quaint and distant memory
London hedge fund Arini hit by Europe’s thorniest credit trades
Exposure to Aston Martin and Altice International has weighed on fund run by 35-year-old Hamza Lemssouguer
IMF ditched top candidate for chief economist job over Trump tariff remarks
LSE professor Ricardo Reis had said the US president’s trade war would hurt American consumers
Linklaters poaches top lawyer in latest Wachtell raid
Mark Gordon’s exit to ‘magic circle’ firm is fresh defection from Wall Street titan