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Japanese 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…
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The UK has become BYD’s biggest market outside of China after sales increased nearly 10-fold in September, despite the world’s largest electric-vehicle manufacturer being excluded from the government’s new subsidy scheme. BYD said on Monday…
Theo LeggettInternational Business Correspondent BBC The first day of September should have marked the beginning of one of the busiest periods of the year for Jaguar Land Rover. It was a Monday, and the release of new 75 series number plates was expected to produce a surge in demand from eager car buyers. At factories…
Tess de la MareWest of England PA Media Bethan Roper was killed by a tree branch in 2018 A major rail operator has been fined £1m for breaching health and safety law when a young woman suffered a fatal head injury after placing her head outside a droplight window. Bethan Roper, 28, was killed on…
Renault’s UK customers are being warned to be vigilant after a company that looks after data for the carmaker was hacked. No customer financial data, such as passwords or bank account details, had been obtained, Renault said, but other personal data had been accessed from a third-party provider. The French-owned carmaker would not specify how…
Japan is facing a shortage of Asahi products, including beer and bottled tea, as the drinks giant grapples with the impact of a major cyber-attack that has impacted its operations in the country. Most of the Asahi Group’s factories in Japan have been at a standstill since Monday, after the attack hit its ordering and…
Theo LeggettInternational business correspondent and Michael Sheils McNameeBusiness reporter Getty Images Sanjay Shah was imprisoned in Denmark in a separate criminal trial last year Denmark’s tax authority has lost a £1.4bn fraud case at the High Court in London in one of the highest value civil cases ever heard in the UK. Skatteforvaltningen, known as…
Josh MartinBusiness reporter Getty Images Tesco expects to make a profit this year of up to £3.1bn The boss of Tesco has warned the government against adding extra costs to UK retailers in the upcoming Budget, saying “enough is enough”. Ken Murphy said he did not want to see a repeat of the last Budget,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Denmark has lost a £1.4bn tax fraud case at the High Court in London in a blow to the country’s efforts to recover monies from the sprawling “cum-ex” scandal. The Nordic country’s tax authority had…
Thames Water’s lenders have submitted a new rescue plan to prevent the UK’s largest water company from collapsing. London & Valley Water, a consortium of large financial institutions and investors, has submitted proposals which include writing off about a third of the company’s near £20bn debt pile and investing an initial £5.4bn to stablise the…
