Failure of IPOs to match stellar performance of 2023 and 2024 shows concern over oil prices and state borrowing, analysts say
Treasury secretary Scott Bessent previously criticised issuance of short-term bills as means of keeping long-term interest rates stable
UK energy major reports 32% fall in quarterly profits on lower oil and gas prices
Industry body says geopolitical instability and weakening confidence in the dollar will continue to support demand
Washington follows through with plans to impose 50% levies on some products
New Cambridge-Bloomberg index will serve investors seeking to avoid expansion in oil, gas and coal production
With most traditional valuation indicators now flashing amber, investors should be vigilant
Plus more on tariffs and price increases
Zuckerberg has built and customers have come, but there’s no guarantee that what worked for Meta last year will work again
Reverse clickbait alert
Nineties adults remember
Meta shares jump 11% on back of blockbuster earnings
Company valued at more than $60bn following stock rally
Tie-ups can make sense for both sides but they are not devoid of risk
The end of dissent
Luxury retailer has pitted lenders against one another to secure financial lifelines as it teeters on edge of default
David Schwimmer calls for tax benefits to encourage domestic investment in public markets
Also in today’s newsletter, a closer look at the EU’s $750bn spending target for American energy
With Hess deal completed and Venezuela license returned the company is on path to rebuilding operations
Only 20 per cent of funds that track themes such as AI have beaten broader indices, says data group Morningstar
FTSE 100 miner’s underlying profits dip by a fifth as diamond business falls to $189mn loss
UK’s biggest wealth manager says inflows doubled in first half as it puts turbulent period behind it
America’s choice is to either build its future on renewables, or stay stuck in the fossil fuel economy
Washington claims measures will cut off source of revenue illegally sent to the Islamic regime in Tehran
Announcement is the latest sign of growing ties between banking and digital asset sectors
Production hit a record after a stretch of bad harvests but US tariffs threaten to change everything
Incoming chief Simon Trott expected to restructure miner after taking over next month
Second-quarter earnings miss forecasts as Europe’s largest bank pursues overhaul
Plus European markets shrug at the US trade deal
Acquisition would be faster route for fintech to start lending in US than applying for permit of its own
Equity long-short funds attract investor inflows for first time in a decade on strong returns so far in 2025
Threat of 50% US import tax leaves producers of orange juice, coffee and beef in fear of lost sales
Economic data, corporate earnings and tariff news could set the tone for the remainder of the year
Repricing activity hits record high of $153bn in July in latest sign of investor optimism
Fund says fall of US currency has helped lessen effect of Donald Trump’s tariffs
Britain has signalled to oil companies ‘we don’t want you’, US president says
