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fastFT
Market-moving news and views, 24 hours a day
Fast FT is a global team working across timezones to give you market-moving news and views twenty-four hours a day, five days a week
August 10 2020
Washington D.C.
Trump briefing interrupted by shooting outside White House
Secret service opened fire outside perimeter and suspect taken to hospital, president says
June 29 2020
BP PLC
BP agrees $5bn sale of petrochemicals business to Ineos
Oil group moves to bolster finances as energy sector takes a financial hit from coronavirus
June 18 2020
European Central Bank
Banks rush to borrow record €1.3tn at negative rates from ECB
Central bank offers ultra-cheap loans to prevent pandemic becoming credit crunch
June 18 2020
European companies
Wirecard: katastrophe
Some news from Aschheim.
June 18 2020
Lloyd's of London Ltd
Lloyd’s and Greene King apologise for their roles in the slave trade
Insurance syndicate and brewer have offered donations to charities promoting diversity
June 16 2020
Oil
Oil demand drop set to last throughout 2021 and beyond, warns IEA
International Energy Agency estimates appetite for crude next year will be below 2019 level as aviation sector struggles to recover
June 10 2020
The Restaurant Group PLC
Restaurant Group to close 125 stores as it launches CVA
Closures to largely impact Frankie & Benny’s chain as pandemic deepens crisis in casual dining sector
June 4 2020
Eurozone economy
ECB boosts bond-buying stimulus package by €600bn
Central bank ratchets up efforts to prevent eurozone slipping into deflationary spiral
June 4 2020
Aston Martin
Aston Martin and Lookers cut thousands of jobs as UK car sales slump
‘Devastating’ month for British industry as demand falls 90%
May 27 2020
British Land Co PLC
British Land suffers £1bn hit from retail tumult
Property company dented by coronavirus impact and boom in ecommerce
May 21 2020
Turkey
Turkey cuts rates for ninth time in a row in bid to spur growth
Country has sharply reduced lending rates as it attempts to shield economy from coronavirus
May 20 2020
Rolls-Royce Holdings PLC
Rolls-Royce to cut 9,000 jobs to prepare for years of disruption
UK aero engine maker to axe a fifth of workforce in biggest single reduction in headcount in 3 decades
May 19 2020
Volkswagen AG
VW pays €9m to close case against CEO and chairman
Herbert Diess and Hans Dieter Pötsch had been charged over Dieselgate accusations
May 19 2020
Ovo Energy Ltd
UK energy supplier Ovo to cut 2,600 jobs
Meter readers and back-office roles face cull as virus emergency hits business
May 18 2020
Thyssenkrupp AG
Thyssenkrupp to slim down under restructuring plan
German industrial giant will transform into a company with ‘the leanest possible holding’
May 12 2020
Wm Morrison Supermarkets PLC
Morrisons highlights slump at petrol pumps
Decision on whether to pay special dividend deferred until later in the year
May 7 2020
International Airlines Group
British Airways parent slams possible UK quarantine plans
IAG boss Willie Walsh warns people will not fly if government brings in new measures
May 7 2020
Air France-KLM
Air France-KLM prepares for years of shrunken demand
Airline forecasts capacity will be almost wiped out in the second quarter
May 7 2020
US employment
US jobless claims of 3.2m take pandemic toll beyond 33m
First-time unemployment benefit claims data indicate peak reached in late March
May 7 2020
Norges Bank
Norway cuts rates to zero as economy faces twin shocks
Norges Bank says it has no plans to go negative as country wrestles with coronavirus and oil price collapse
May 6 2020
ITV PLC
ITV advertising revenues tumble 42% in April
British TV network unable to provide guidance for the rest of 2020 as outlook is ‘uncertain’
May 6 2020
Virgin Money PLC
Virgin Money profits halve as it prepares for surge in bad loans
UK lender is latest to warn coronavirus-induced economic disruption will hit its clients
May 5 2020
Fiat Chrysler Automobiles
FCA posts €1.7bn loss as plant closures hit car market
Maker of Fiat and Chrysler burns through billions of euros in cash in first quarter
May 5 2020
BNP Paribas SA
BNP warns coronavirus could dent 2020 profits by a fifth
‘Drastic revisit’ of outlook at French bank as dividend cuts and cancellations hit equities trading
May 5 2020
UK economy
UK business activity drops to lowest level on record
April PMI data suggest economic downturn could be worse than ‘anything seen in living memory’
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