Author: Lily Harper

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Temasek and Warburg Pincus are preparing to put healthcare supply chain management company Global Healthcare Exchange up for sale, aiming at a valuation of almost $5bn, according to people familiar with the matter. GHX, in which the Singaporean government-backed investment fund owns a majority stake and the US private equity group the remainder, was working with advisers on a sale process, which could result in a partial or full- stake sale, the people said. GHX is expecting to receive formal bids in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the author of A Random Walk Down Wall Street          The results are in: this time is not different. Indexing remains the optimal investment strategy.Every year S&P Global Ratings publishes reports comparing all actively managed investment funds with various stock indices. These reports are considered the gold standard for evaluating the performance of active fund management with their index-fund alternatives.The bottom line from the year-end 2024 report out this month is that there were no surprises. US passive index funds in 2024…

At 23, former bricklayer Scott Davies founded Hilltop Honey with a £5,000 overdraft and no previous knowledge of beekeeping or business.Today the 37-year-old entrepreneur has the UK’s second-largest honey brand, with a turnover of £44mn and a range of products in major supermarkets. Davies decided to try beekeeping when a serious back injury at 22 left him unable to work for a year.Based in his home town of Newtown, mid-Wales, Davies employs 130 people. The head office and factory site span four acres, producing over 1,000 tonnes of honey a month. In September 2022 Davies diversified into producing peanut butter, at a…

Stay informed with free updatesSimply sign up to the ESG investing myFT Digest — delivered directly to your inbox.Don’t let the happy smiley face in my photo deceive you. I seethe at losing my job to this day. The stress on my family. Giving up our London home. Being broke.The worst thing is that my heretical speech almost three years ago — in which I mused that climate change isn’t as material to portfolios as other risks, such as, you know, recessions and stuff — wouldn’t raise a murmur now. That’s because under Donald Trump the financial sector has performed…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water faces a cash crunch with some of the utility’s own recent forecasts predicting it could have as little as £39mn left by month-end, as suppliers also step up their demands for prompt payment.The teetering water utility has agreed an emergency loan of up to £3bn from its senior creditors, but it cannot begin to access the money until at least early April. The dire cash projections stem from internal documents updated this month that suggest that, without the new loan, Thames…

Stay informed with free updatesSimply sign up to the Property myFT Digest — delivered directly to your inbox.New York’s cool comebackA render of the upcoming 80 Clarkson development in New York’s West Village © DBoxManhattan’s Hudson River waterfront is experiencing a glow-up with the emergence of 80 Clarkson, two contemporary towers under construction on a full block among the brownstones of the West Village. The architecture – reminiscent of the art deco geometry that defined New York in the 1920s and ’30s, with interiors by the late architect Thierry Despont – is in marked contrast to the glass towers that…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldJPMorgan Chase is renaming its diversity, equity and inclusion programmes to “diversity, opportunity and inclusion”, as corporate America rushes to adapt to the Trump administration’s backlash against the initiatives. In an internal memo on Friday, JPMorgan’s chief operations officer Jennifer Piepszak told staff that the bank was “changing ‘equity’ to ‘opportunity’ and renaming our [DEI] organisation to diversity, opportunity and inclusion (DOI) because the ‘e’ always meant equal opportunity to us, not equal outcomes”.Banks including Goldman Sachs and Citigroup have already…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Carlyle’s $945mn acquisition of a portfolio of oil and gas projects from London-listed Energean has collapsed in a blow to the buyout group’s plans to build a Mediterranean-focused energy company.The acquisition was set to be the latest foray into the upstream oil and gas sector by the US-headquartered fund, which has continued to buy and sell producing assets even as most of its competitors have backed away from such investments.The two companies had set a deadline of Thursday to complete the deal,…

CoreWeave is facing nearly $7.5bn in debt repayments by the end of next year, requiring investors in its blockbuster public listing to take a leap of faith in the cloud computing group’s ability to grow fast enough to settle the looming obligations.The US company, which leases computing capacity to tech groups building artificial intelligence models, is gearing up for the largest stock market debut of the year. This week it revealed it was seeking to raise as much as $2.7bn in the share sale, valuing the business at $32bn.As the New Jersey-based group prepares to start an investor roadshow, it…

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here.Good morning, and let’s jump right into today’s newsletter. Sunil Mittal, who is the single-largest shareholder in the UK telecommunications major BT, is looking to expand his stake further. But first, I speak to Sanjiv Bajaj about the break-up with Germany’s Allianz.Break-up and prosperAfter 24 years, Munich-based insurer Allianz and its Indian partner Bajaj Finserv are breaking up. The companies announced a $2.83bn deal in which Bajaj will be buying out…