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Global dealmaking hits $4.5tn in second-best year on record
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…
Nike, Superdry and Lacoste ads banned over green claims
Archie MitchellBusiness reporter Reuters Adverts for Nike, Superdry and Lacoste have been banned for making misleading claims about their green credentials. The UK’s advertising watchdog challenged the brands over the use of the word “sustainable” in paid-for Google ads which were not backed up by evidence of their sustainability. The Advertising Standards Authority (ASA) identified…
Rail security to be reviewed after train stabbings, says minister
Jennifer MeierhansBusiness reporter PA Media There will be increased visible patrols at mainline stations over the coming days, the Transport Secretary said There will be a review of rail security in the UK following a mass stabbing on a train, Transport Secretary Heidi Alexander has said. A man has been charged with 10 counts of…
Tesla plans to pay Musk $1tn – do they really need him that much?
Lucy 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…
