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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
    By offering multiyear loans to banks at an interest rate below its main deposit rate, the ECB is effectively providing a subsidy for the banking system
  • 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
    Demonstrator Clapper Priest protests in front of the Lloyd’s Building in the City of London on Thursday. In a statement, Lloyd’s said: ‘We are sorry for the role played by the Lloyd’s market in the 18th and 19th century slave trade’
  • 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
    Air France-KLM does not expect demand to recover ‘to pre-crisis levels before several years’
  • 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
    Virgin Money’s impairment charges in the six months to March tripled to £232m
  • 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
    A plastic sheet separates two workers at the FCA plant in Atessa, Italy, as a safety measure amid the coronavirus crisis
  • 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
    BNP said the restriction on dividends contributed to ‘exceptional volatility’, leading to a dislocation in complex equities products
  • 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’
    A woman wears a mask as she walks past a boarded-up pub in London on Monday
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