Record buyback spree attracts shareholder complaints
Purchases by the world’s biggest 1,200 companies triple in a decade to rival dividends in scale
https://www.ft.com/content/eaa1a31c-580c-405b-b438-a59504198ac8
The Financial Times is one of the world's leading news organisations, recognised internationally for its authority, integrity and accuracy. This is not the official Financial Times website.
Broadcast Loop 16
Record buyback spree attracts shareholder complaints
Purchases by the world’s biggest 1,200 companies triple in a decade to rival dividends in scale
https://www.ft.com/content/eaa1a31c-580c-405b-b438-a59504198ac8
The case for rethinking fiscal rules is overwhelming
Rather than exerting useful discipline, they are constraining government investment
https://www.ft.com/content/d57567c3-cd97-4cbe-be00-6cf50886b308
A ban on short selling is a bad idea
Studies show that a similar move in 2008 was counter-productive and stoked market volatility
https://www.ft.com/content/0e336bf8-9d1c-4716-b288-6a73d21d808c
The best restaurants (according to Kate Moss)
From a high-street Japanese to a blow-out in Beverly Hills, the model picks her top destinations
https://www.ft.com/content/b4d1e298-daa7-471e-ba24-78e9f3289b4b
The world according to Kate Moss
The supermodel curates a very special issue of HTSI
https://www.ft.com/content/de9a90e2-afa3-4547-be94-5f87d2221031
The search for a better investment recipe
With the equity-bonds portfolio struggling to deliver value, savers may need fresh ingredients
https://www.ft.com/content/2a68c401-83f0-4a16-819a-fbd02624169d
MSCI drops two Adani Group stocks from India benchmark
Move expected to trigger investor sales and hamper fundraising plans
https://www.ft.com/content/85defdea-71cc-4746-8fc7-b0aee3000815
Global inflation tracker: see how your country compares on rising prices
Inflationary pressures are beginning to wane
https://www.ft.com/content/088d3368-bb8b-4ff3-9df7-a7680d4d81b2
How we can avoid a third phase of banking turmoil
Conditions have stabilised but more must be done to prevent further banking tremors
https://www.ft.com/content/831c4c7b-c202-4baf-b099-b188e60bd84b
What if the relative decline of US stocks isn’t temporary?
It might be difficult for investors to increase allocations to the world’s biggest equity market from already high levels
https://www.ft.com/content/cea03ae6-2ce3-4059-8b84-902e67b54fb5
US lenders warned that commercial property is ‘next shoe to drop’
Executives and investors fret about impact of rising rates and empty buildings on $5.6tn market
https://www.ft.com/content/a77695ac-a516-4654-8e0f-5aeb4f4fff71
A cryptic tour around the globe with the new FT World Puzzle
Discover the name of a country by solving the clues relating to its people, places and culture
https://www.ft.com/content/a3c10170-5fba-4bee-b34f-a837c2e1f084
Local elections uncertainty as early results show heavy Conservative losses
Also in this newsletter, many results still yet to declare, and differing numbers between BBC’s PNS and Sky’s NEV
https://www.ft.com/content/540ec4a5-5cc3-492c-acc4-1f5b994c398c
Flood of bond sales pushes up UK borrowing costs
Investors point to record debt supply as gilt yields climb above those on US Treasuries
https://www.ft.com/content/10e70f0b-d1fe-4bcc-ba78-8b1ad79ef567
Traders grow wary of ‘unloved’ bitcoin rally
Thin trading underpins 70% rise in the price of flagship cryptocurrency
https://www.ft.com/content/672e8853-4d4f-4dc1-a8b4-f676f03d8279
Morgan Stanley in talks to resolve block trading probes
Wall Street bank is under investigation by federal prosecutors and the securities regulator
https://www.ft.com/content/1624dfb0-77f1-4774-b53f-77d8c33ea372
Turning whales into carbon-based assets won’t be easy
We have allowed the natural capital on which we all depend to be depreciated off the books
https://www.ft.com/content/b8ec1997-67d0-42a7-a7bb-ff8e2dd02a90
It’s obsessive, turbo-charged and can make the most dedicated car hounds many millions of dollars. Welcome to the world of the V12 snapper
https://www.ft.com/content/22b38695-e35e-4349-891f-f28f32ef2b57
China, America and why not all growth is equal
The current global trade system is not working but a new narrative is taking shape
https://www.ft.com/content/7276f9d6-1fc3-4623-a5cb-4fc0c43a9d40
26 across — Trump’s reaction to Stormy Daniels? (7)
The former US president’s court travails is one of the topics to be found in this month’s FT News Puzzle
https://www.ft.com/content/2e638967-ed2d-4981-be69-a6fe62b23273
Emma Watson’s house of spirits
After a long absence from the spotlight, the actress is back… with a premium gin. She invites us to France to talk terroir, family and taki..
https://www.ft.com/content/045a2d24-f207-4cc3-9a55-5d61a9633bf0
Letters to Evan Gershkovich, my friend in a Moscow jail
We chronicled Russia together, hopeful about its future. Now the Wall Street Journal reporter has been in prison for a month
https://www.ft.com/content/846952ad-63c4-488f-b088-37900eef1078
Norway’s $1.4tn wealth fund calls for state regulation of AI
CEO Nicolai Tangen says fund will set guidelines for companies it invests in on ‘ethical’ use of artificial intelligence
https://www.ft.com/content/594a4f52-eb98-4da2-beca-4addcf9777c4
US companies in distress turn to debt exchanges to dodge bankruptcy
Private equity backers push out-of-court restructurings to preserve their stakes when businesses default
https://www.ft.com/content/0bae034a-2d6f-4f9b-99d0-10c20ba2018e
Using crypto for crime is not a bug — it’s an industry feature
Despite last year’s market downturn, it was a record period for crypto-based illicit transactions
https://www.ft.com/content/83b5932f-df6f-47a6-bf39-aa0c3172a098
Black-Scholes at 50: how a pricing model for options changed finance
Formula supported the development of trading in the instruments after Chicago Board Options Exchange launch
https://www.ft.com/content/2ba58381-0de6-4625-bb23-2153c8705f4b
The traditional men’s coin purse may be slimming down – but it’s not wasting away
https://www.ft.com/content/e4421397-16a7-47ff-b67b-ae0db8d493df
US savers snap up government debt in search for yield
Retail investors purchase record amounts of Treasury bills at auction while bank deposits drop to near two-year low
https://www.ft.com/content/9a1d2864-1efd-413e-ae6a-2fb886ea20b1
Download crossword
https://www.ft.com/content/5434cb8f-dfbb-469a-8b07-b05b1a0339db
Cross(word) ing the Atlantic with the FT’s first US puzzle
A new monthly series of US-style FT crosswords illuminates differences — and similarities — between puzzles across the pond
https://www.ft.com/content/4e4b926f-6fc1-40e9-9d6d-92c52dfc898e
How to find the perfect vintage wedding dress
Where to track down a showstopping gown
https://www.ft.com/content/a53067d0-4734-4f9d-a2a7-b775d6da2007
Foreign investors take fresh look at Japanese stocks but doubts persist
Stock market policy shift and prospect of end to deflation fuel hopes of inflows, but few have committed cash
https://www.ft.com/content/a91c5e79-2e57-4e9f-9fdd-789609159e46
Everything you don’t actually need to know about the economics of Succession
Who owns Waystar? What are the Roys worth? WTF is going on? And other pointless questions, answered
https://www.ft.com/content/a7ce31e0-06f0-4986-9eb9-f4322a40ffc3
Investors bet that US dollar has further to fall
Improving European growth and potential US recession expected to put pressure on greenback
https://www.ft.com/content/c11dca60-fbaa-41f8-bae8-ee287bae9540
The dangers of asset managers when it comes to long-term infrastructure
Closed-end funds with fixed lifespans dominate the sector
https://www.ft.com/content/0cbd8878-1de1-4f73-8e87-73e1dafad1f2
Evan Gershkovich faces complex path to release from Russian captivity
Former US officials warn that Moscow will demand a high price for return of WSJ journalist
https://www.ft.com/content/e3ec3209-4638-41b2-b534-3a2f99f62f25
Russia formally charges detained WSJ reporter with espionage
Evan Gershkovich categorically denies all accusations, state news agencies report
https://www.ft.com/content/6b2ba631-3747-4b3e-8b28-e163b196bd9f
European school groups describe ‘Kafkaesque’ visa process for UK visits
Travel industry leaders urge government to make good on promise to reduce post-Brexit bureaucracy for school trips
https://www.ft.com/content/65905653-5c2f-4247-81e3-73140dceae8a
What I learnt from three banking crises
Gillian Tett has had a ringside view of a quarter-century of financial crashes. What can each teach us — and will technology change the game?
https://www.ft.com/content/b0865633-82f2-4a49-ae0e-3bc0d1087a31
Moscow captures a journalist in the latest attempt to control the narrative of a failed war
https://www.ft.com/content/a9ceaeb8-f7b5-4f57-984c-1b8f3e013014
EU stock trading plans risk hurting small investors, warns Euronext CEO
Stéphane Boujnah says plans for live database of prices across EU may mean some investors are ‘victim of arbitrage’
https://www.ft.com/content/22c420c9-4104-4781-b4fc-acde52df799b
Vanguard’s foray into China founders
Asset manager contemplates exit after failing to convince country’s investors they need its low-cost passive funds
https://www.ft.com/content/5d7af5c7-f7f6-40f3-b024-d41c56a7436d
Pension shift will change the UK financial landscape
Small number of insurance companies will dominate management of defined benefit scheme assets
https://www.ft.com/content/b68e6341-ebdf-41a8-9c16-22c614389383
Credit Suisse chair re-elected after apology to investors at bank’s final AGM
Executives had been braced for protests from Swiss citizens outraged at UBS takeover
https://www.ft.com/content/1aed8dc4-8a42-4b72-a488-b3052e8d3de8
Hedge funds caught off guard again in turmoil
Sharp moves after the implosion of SVB have left many in the red for the year
https://www.ft.com/content/367a8b37-767b-4c26-a326-1e07204bfa38
Shadow banks could yet cause trouble
Concerns about commercial real estate will start to expose other vulnerabilities in the financial system
https://www.ft.com/content/c6406773-087e-4fde-81af-28d41dcfe660
You bought a Spitfire. Now, how do you get it to fly?
Inside the Cambridgeshire workshop that will give you wings
https://www.ft.com/content/710c67a9-f9c4-4833-80b6-de2eac534d5f
Flood of cash into US money market funds could add to banking strains
Treasury secretary Janet Yellen warns over ‘structural vulnerabilities’ of sector
https://www.ft.com/content/c16a62e3-5a6e-4b09-9bd1-72a7e4c787cb
What are banks’ weaknesses as interest rates rise?
Recent collapses in the US and Europe highlight new threats to lenders and upend conventional wisdom
https://www.ft.com/content/fb4fd417-01db-4c99-bf45-c341d1d14f36
Banks face a tough choice over crypto
After the collapse of SVB, lenders are increasingly leery of digital assets
https://www.ft.com/content/c14b679b-742b-4272-9bbc-5432906d3b55