Faisal Islam on the winners and losers of the interest rate cut

McVitie’s Penguin and Club bars are no longer classed as chocolate after rising cocoa prices led the makers to switch to using other ingredients. Club bars had previously been marketed under the slogan: “If you like a lot of chocolate on your biscuit, join our club”. But both treats are now described as “chocolate flavour”…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global dealmaking topped $4tn this year for the first time since the boom of 2021, as a record number of megadeals lifted investment banking fees to their second-highest level ever. A total of 68 deals…

Investigations have been opened into eight companies, including ticket resellers and driving schools, by the UK’s competition regulator as part of a review of online pricing practices. The cases are the first launched by the Competition and Markets Authority (CMA) under new consumer protection powers, and are looking at actions such as mandatory additional charges,…