Author: Lily Harper

The road to riches used to be paved with juicy IPOs. But that does not seem to be the case anymore. Today on the show, Katie Martin is joined by Craig Coben, a former global head of equity capital markets at Bank of America, and now a contributing writer for FT Alphaville. They discuss regulation and demand, and the growing role of private equity in corporate ownership. Also, they go short France and long melodic house music. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.View our accessibility…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luigi Mangione has been charged with first-degree murder in New York for what prosecutors alleged was the “frightening, well-planned and targeted” killing of UnitedHealthcare chief executive Brian Thompson.Manhattan district attorney Alvin Bragg said that the 26-year-old Ivy League graduate, who was last week arrested by local police in Altoona, Pennsylvania, had been formally indicted on one count of murder on the first degree “in furtherance of terrorism”, and two counts of murder on the second degree, one of which was charged as…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Allianz has paused talks with Amundi and its majority shareholder Crédit Agricole over plans to combine its €560bn investment management arm with its larger French rival, according to people familiar with the situation. The two sides had been in on-and-off discussions for more than a year, and were in exclusive talks to form a European giant with almost €2.8tn of assets under management as recently as Saturday morning. Some of the people said the talks could resume at a later date.The hiatus illustrates…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A man suspected of killing a top UnitedHealth executive in Midtown Manhattan earlier this week is thought to have left the city, as investigators’ rush to find him continues into its third day. The manhunt comes after Brian Thompson, who led UnitedHealth’s vast insurance unit, was fatally shot outside a hotel in one of Manhattan’s busiest districts by a masked culprit who fled on an e-bike.The killing of the executive at dawn on his way to an investor event has set off…

Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.Mastercard has reached an agreement in principle worth about £200mn to settle a legal claim brought on behalf of millions of UK consumers that the payments company imposed unfairly high fees on card transactions.The groundbreaking case, brought by consumer champion and former financial ombudsman Walter Merricks, has been one of the country’s largest mass lawsuits and among the first of its kind to proceed under legislation that allows collective legal action over alleged breaches of competition law.People with knowledge of the matter…