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Vitol’s long-serving CFO to retire from secretive trading giant

Jeff Dellapina will be replaced by Asia finance chief Jay Ng

Energy groups, small-caps and materials companies have displaced AI-linked shares as the market’s best performers

New York-based Neuberger Berman will manage assets of MIO, which invests private wealth of consulting firm’s partners

Media group adds ‘ticking fee’ to give shareholders additional payment for every quarter deal does not close

Brussels also wants to prohibit some trade with Kyrgyzstan, in first use of new powers against sanctions circumvention

Also in today’s newsletter, some US lawmakers are calling on Howard Lutnick to step down over his ties to Jeffrey Epstein

Equity, without the upside

Private capital has eagerly embraced the software sector in recent years — and now markdowns are coming for many

Luc Jobin will remain in role past nine-year limit as search for replacement continues

Biggest music streaming site adds record 38mn users in December quarter

Call by former Labour leader comes as prime minister defies pressure to leave Downing Street

Case is the fourth time in as many months that UK regulator has taken action over insider dealing

Agreement with CFM will limit costs and offer more security, says airline’s chief Michael O’Leary

The central bank has lifted the lid on internal arguments. Also in this newsletter, is Kevin Warsh a hawk or weathervane?

London-listed group says it will focus on strengthening its balance sheet

UK drugmaker reports 16 positive late-stage trial results for 2025

Stockpiling runs counter to a multilateral approach as western nations race to reduce dependence on China, warn analysts

As the daughter of a top US diplomat, the author of this engrossing collection had a close-up view of the foibles of major political leaders

After the historic factory fell on hard times, a Stockholm-based lawyer is determined to restore its lustre

Debt of Ion Group’s fintech empire has tumbled in price, leaving some bonds yielding more than 10%

Nobuhisa Iida to become president of FT’s owner while Naotoshi Okada will be corporate adviser

Separatist firebrand Milorad Dodik visits Washington after US lifts sanctions against him

Trump and his supporters see the UK capital as the symbol of a Europe facing ‘civilisational erasure’

Also in today’s newsletter: Macron calls on Europe to capitalise on its ‘Greenland moment’ and Cuba’s fuel crisis