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UK retail spending rose at lowest pace for 7 months in December
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK retail spending rose at the lowest pace for seven months in December and below the rate of inflation, pointing to a “drab” Christmas period for retailers as consumers continued to feel the impact of…
Sanae Takaichi: Japan stocks hit record after ruling party names pro-business leader
Posted onJapanese stocks have hit a record high after the country’s ruling Liberal Democratic Party (LDP) named Sanae Takaichi as its new leader, positioning the pro-business politician to be Japan’s next prime minister. The benchmark Nikkei 225 index closed 4.75% higher on Monday, ending the day above 47,000 for the first time. Takaichi, who has held…
I fiddled the meter for a mate – and the shop burnt down
Posted on“Anything from an £80 job for families on the breadline needing to fiddle the electric to keep the kids warm, to businesses who just don’t want to pay the rates and would happily pay up to £2,000 for me to sort it, to rich people who want the mains spliced to feed their summer houses…
Tesla plans to pay Musk $1tn – do they really need him that much?
Posted onLucy HookerBusiness reporter Getty Images A great leader is a huge asset for company, of course, but can anyone be worth $1 trillion? That is the pay packet Tesla shareholders have approved for Elon Musk, as long as he meets the targets they have set over the next 10 years. In the meantime he won’t…
