HSBC profits hit by $400mn ‘fraud-related’ exposure
Loss came via Apollo lending to collapsed mortgage lender MFS
Can the meme stock king pull off audacious eBay swoop?
Ryan Cohen is trying to engineer a $56bn deal to merge video game retailer GameStop with online marketplace eBay
US bankruptcy fights are heading to London
The use of foreign venues is the new frontier for debt restructurings at American companies
FirstFT: Consumers to face more pain, company executives warn
Also in today’s newsletter: HSBC reports lower profits and Australia raises interest rates
Zelenskyy calls Putin’s ceasefire appeal ‘cynical’ as strikes continue
Russia and Ukraine trade rival proposals to pause fighting ahead of second world war anniversary events
Can we make a crazy huge Venn of the BDC ecosystem?
Up to a point
EQT boosts Intertek takeover offer to more than £10bn
Previous bids from Swedish private equity firm were rejected for ‘fundamentally undervaluing’ FTSE 100 company
UniCredit’s investments in other banks help lender to record profit
Italian group pressing ahead with €35bn bid for Germany’s Commerzbank
Anti-racism movement is not ‘muted’ — it has been left to shrink
Instead of asking more from depleted groups, Westminster should focus on how to rebuild and better resource them
AB InBev says ‘cheers to beer’ as it reports first sales rise in 3 years
World’s largest brewer beats expectations to defy gloom in alcohol sector
Vodafone to take full control of UK mobile operator in £4.3bn deal
CK Hutchison’s decision to sell 49% stake is latest in series of Hong Kong conglomerate’s asset disposals
Australia bucks global trend and raises interest rates
Central bank cites higher fuel prices as result of Iran war as it unveils third increase this year
Great expectations (for earnings)
Stocks look cheaper — if everything goes perfectly
Trump’s threats give EU pause for thought ahead of US trade deal vote
Also in this newsletter: Compromise in Italo-Swiss fight over Alpine fire tragedy costs
FTAV’s further reading
Central banks; more central banks; Photoshop; Ask.com; strangers at the gym; K-shape economics; road money; and Silicon Valley
Join FT Alphaville for drinks this Thursday from 9pm at Market Place St Paul’s
The pub quiz after-party is ON
Sports Exchange
This series features insights from some of the most influential figures in sports ownership and leadership. In this instalment, Mark Darbon, chief executive of the R&A, says the governing body must balance golf player rewards with reinvestment in the sport
Transcript: Disney’s new CEO faces first challenge
Marc Filippino talks to Anna Nicolaou and Ryan McMorrow
Quantum computing moves closer to drug discovery with enzyme study
Scientists have used the technology to model the behaviour of protein molecules
Golf must be careful of soaring prize money, says head of R&A
Mark Darbon says golf must heed lessons of English rugby, where clubs raised wages beyond what revenues could support
How not to defeat antisemitism
The only way to overcome this scourge is to see it for what it is: racism
Consumers face more pain as companies threaten price rises
Executives warn that a prolonged energy shock would increase pressure to pass on costs to customers
Can Wachtell withstand Big Law’s free-agent era?
The firm’s lockstep pay structure looks quaint as fierce rainmaker poaching wars reshape the sector
How Germany’s Merz torpedoed his plan to contain Trump
Swipe at US president appears to wipe out year-long effort to establish rapport