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Lex

FT's agenda-setting column on business and finance

Lex is a premium financial commentary service from the Financial Times. It is arguably the world's most influential column of its kind, published daily since 1945. An award-winning team across four time zones helps readers make better investment decisions by highlighting key risks and opportunities.

Sign up here to receive a letter from Lex’s centres around the world each Wednesday, and a review of the week’s best commentary every Friday by Jonathan Guthrie or Elaine Moore. Who are the writers behind the Lex brand? Discover here. Follow us on Twitter @FTLex

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  • Tuesday, 28 March, 2023
    High yield bonds
    Junk bond market: securities market may replace bank lending, uneasily Premium content

    After a roaring start to the year, a downturn in March shows that risk appetites are clearly inhibited

    1 hour ago
  • Tuesday, 28 March, 2023
    Food Prices
    UK supermarkets: bargain-hunting will put pressure on margins Premium content

    Shoppers are trading down and buying less, hitting mid-market chains and makers of branded products

    3 hours ago
  • Tuesday, 28 March, 2023
    United Utilities Group plc
    United Utilities: Great Stink II may land water groups with £56bn bill Premium content

    The rainy North West’s water authority has a quarter more sewer overflows than average

    3 hours ago
  • Tuesday, 28 March, 2023
    Diageo PLC
    Diageo: tougher trading mixes a whisky sour for new bar captain Premium content

    Questions remain about how US consumer confidence will hold up, particularly given recent turmoil in banking markets

  • Tuesday, 28 March, 2023
    Lyft Inc
    Lyft: Risher cannot reverse ride hailer out of market dead end Premium content

    Tech group’s poor performance and high costs make it a potential acquisition target

  • Monday, 27 March, 2023
    Silicon Valley Bank
    SVB/FDIC: favours for saviours ensure rescues ensue Premium content

    Shares of First Citizens and NYCB rally sharply

  • Monday, 27 March, 2023
    Legal & General Group PLC
    L&G: economic shortfalls provide investment opportunities Premium content

    A spluttering economy raises concerns over credit quality across the UK-focused insurer’s huge bond portfolio

  • Monday, 27 March, 2023
    Twitter Inc
    Twitter: at $20bn, the social media company is overvalued Premium content

    If the company is valued on the same metric as Snap, the equity is worth nothing

  • Monday, 27 March, 2023
    Northvolt AB
    Northvolt: battery maker’s volting ambition needs heavy backing Premium content

    The Swedish business with plans to build four gigafactories is a young company in a hurry

  • Monday, 27 March, 2023
    Property sector
    Vonovia/German property: stately pile of debt needs underpinning Premium content

    Company has just enough wriggle room to avoid an equity fundraising for now

  • Sunday, 26 March, 2023
    Banks
    Bank failures: lessons of past crises echo today Premium content

    While intervening in bank runs limits the damage, it dilutes the incentive to guard against financial risks

  • Saturday, 25 March, 2023
    State pension
    Pension ages: reforms focus attention on longevity gaps Premium content

    A one-age-fits-all policy benefits the better off.

  • Friday, 24 March, 2023
    TUI AG
    Tui: shareholders to benefit from highly discounted capital increase Premium content

    Largest shareholder is sanctioned Russian oligarch whose stake will be heavily diluted, transferring value to others

  • Friday, 24 March, 2023
    Jonathan Guthrie
    The Lex Newsletter: Credit Suisse bank run brings down an avalanche Premium content

    Plus, UBS, First Republic, Signature Bank, ChatGPT, Maserati, John Lewis

  • Friday, 24 March, 2023
    Oil & Gas industry
    Oil and gas: the transatlantic divide opens up Premium content

    The majors will not get rewarded for their energy transition efforts until they become very sizeable

  • Friday, 24 March, 2023
    Deutsche Bank AG
    Deutsche Bank: sell banks on Friday and go away Premium content

    Drop in shares is more likely noise than a signal of danger ahead

  • Friday, 24 March, 2023
    Lex is more

    Lex is the FT’s incisive daily column on investment for premium subscribers. Expert writers in London, New York, San Francisco and Seoul offer concise, witty commentary on capital trends and important businesses

  • Friday, 24 March, 2023
    Lex PopuliGold
    Gold shines as rate declines come closer

    Yellow metal’s price looks set to be strong this year

  • Thursday, 23 March, 2023
    Fintech
    Fintech: scrutiny at Coinbase and Block comes amid bank wobble Premium content

    Coping with rule books seems hard for the disrupters

  • Thursday, 23 March, 2023
    City of London
    Cenkos/FinnCap: merger of City brokers underscores their plight Premium content

    Deal is a defensive move against the depressing market backdrop

  • Thursday, 23 March, 2023
    Monetary policy
    Federal Reserve/ECB: credit tightening has not yet done its worst Premium content

    Trend of using expensive high-yield bonds to refinance the disappearing supply of bank loans has begun

  • Thursday, 23 March, 2023
    SoftBank Group Corp
    Arm/SoftBank: raising prices will backfire on chip designer Premium content

    Higher costs for device makers will only encourage them to invest in alternative design sources

  • Thursday, 23 March, 2023
    Ferrexpo PLC
    Ferrexpo: cash generation offers hope that group can weather the war Premium content

    The London-listed iron-ore producer has struggled on with its operations in Ukraine

  • Wednesday, 22 March, 2023
    Credit Suisse Group AG
    Credit Suisse AT1s: legal battle may bake in a Swiss discount Premium content

    The case could prove excruciating for Switzerland

  • Wednesday, 22 March, 2023
    Commercial property
    UK commercial property: bank panic and rate rises complicate the plot Premium content

    With demand dwindling, this could be the next sector destabilised by aggressive monetary tightening

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