Indian asset manager’s debut revives hopes for local IPO market
Shares of SBI Funds Management jump nearly 9% in country’s largest listing so far this year
Mitie agrees £3.1bn takeover by rival outsourcer OCS Group
Facilities management group is latest London-listed company to agree a deal
Brazil faces unforgiving economics after election
Whoever wins the presidential race will have to face up to the need for fiscal consolidation
Burnham to remove VAT on household electricity bills
New prime minister has vowed to help households with the cost of living
Nearly 100 US troops injured in two weeks since Iran war resumed
The Pentagon says most soldiers suffered ‘minor concussions’ and have returned to duty
Broken valuation metrics?
Maybe stocks are not that expensive after all
Adnoc to invest in $6.2bn natural gas schemes as UAE bids for self-sufficiency
Abu Dhabi oil group races to keep pace with domestic demand while facing potential end of gas supply deal with Qatar
EU tech tsar spars with justice chief over new online rule book
Also in this newsletter: Meloni pushes pardon for jeweller jailed over fatal shooting of robbers
FTAV’s further reading
Kevin Keegan; American AI; burials; squeaky sneakers; CPAC GB
FirstFT: Healey’s formidable in-tray as UK chancellor
Also in today’s newsletter: LSE plans round-the-clock trading and AI as a geopolitical weapon
UK chancellor John Healey inherits tricky finances
Prime minister’s choice of former defence minister surprises allies
Ride or Die — Hannah Waddingham and Octavia Spencer dodge assassins and husbands
The jovial Prime show is a study of mid-life female friendship contained in a predictable comedy thriller series
State Ballet of Georgia, Swan Lake — impeccably rehearsed yet underpowered
Nina Ananiashvili’s production brought flashes of brilliance to the London Coliseum, but was ultimately devoid of emotion
Linklaters partners handed record £2.5mn payday as Asia business booms
‘Magic circle’ law firm cites Hong Kong listings work and growth in US as it reports bumper payouts for top ranks
Transcript: UK chancellor John Healey inherits tricky finances
Marc Filippino talks to Sam Fleming and Nikou Asgari
Tom Hayes says UBS’s ‘Project Chocolate’ probe shows he was targeted from outset
Trader nicknamed ‘Tommy Chocolate’ argues bank’s rate-fixing investigation was stacked against him
US authorities probe Mark Walter’s insurance empire
Regulators and prosecutors are investigating the insurance-private capital nexus
Psychedelic drugs are going mainstream
Commercial success is looking less theoretical for treatments based on mushrooms and LSD
The wealthy Londoners betting on a luxury retirement
Riverstone is pioneering club-like housing schemes for asset-rich over-65s
Diageo chair hunts for drinks ‘heavyweights’ in board revamp
Chair seeks robust oversight as Sir Dave Lewis restructures struggling spirits company
The cult shoes of summer 2026
From Ancient Greek Sandals to Phoebe Philo’s ballet flats, this is the footwear to flaunt this summer
The five fiscal challenges facing John Healey
New chancellor must fund rising defence spending and promises of cost-of-living support for households
Pointers for Burnham on what Britain really wants
The new prime minister can learn from 40 years of polling the UK population
China weighs tighter export controls on AI models and chips
Beijing consults companies on ways to stop west acquiring its advanced technologies and star start-ups