Lex | Financial Times

Accessibility help Skip to navigation Skip to content Skip to footer

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

Recommended

How much is Manchester United really worth?

ExplainerClimate change

Carbon counter: measuring individual choices

Sign up to the Lex newsletter, for exclusive insight and analysis