Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • China’s rise pushes Asia-Pacific nations to embrace Nato
    • Labour shortfall leading to ‘catastrophic’ food waste, UK farmers warn
    • Brussels pushes for tougher sanctions enforcement via EU-wide body
    • War costs Russia its influence with Ukraine’s Orthodox believers
    • Cern scientists restart hunt for answers to mysteries of universe
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • China’s rise pushes Asia-Pacific nations to embrace Nato
    • Tesla deliveries fall due to China Covid shutdowns and supply shortages
    • When it comes to inflation, it’s not déjà vu all over again
    • Chinese hackers kept up hiring drive despite FBI indictment
    • Biden administration split on whether to remove China tariffs
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • China’s self-styled Warren Buffett haunted by Fosun’s $40bn debt
    • Klarna valuation crashes to $6.5bn from $46bn
    • Shipping boss says Japan has no choice but to buy Russian gas
    • US energy stocks buck dismal trend with ‘massive outperformance’
    • Vatican suffers £100mn-plus loss on Knightsbridge office sale
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
    Most Read
    • Brussels pushes for tougher sanctions enforcement via EU-wide body
    • Klarna valuation crashes to $6.5bn from $46bn
    • A soft landing is becoming a distant dream
    • The looming risks in private equity returns
    • US government bonds rally after factory data heighten recession fears
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • The end of the frictionless life
    • When it comes to inflation, it’s not déjà vu all over again
    • Help truly wanted, even if you’ve been in jail
    • An independence referendum should be the last thing on Sturgeon’s mind
    • Mukesh Ambani: India’s top businessman starts succession planning
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Help truly wanted, even if you’ve been in jail
    • How can I move from being a specialist police detective to financial services?
    • What’s a good (and bad) way to leave your job?
    • ‘Exactly how much virtue do you really want to signal?’
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • The end of the frictionless life
    • Life on the idyllic Swedish island where WW3 could start
    • Swimsuits to make a splash in 
    • The fixer, the cheat and the corruption crisis in global tennis
    • Have we had enough of the nanny employer?
  • HTSI
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • HTSI
Financial Times
SubscribeSign In

Your guide to a disrupted world

Start a 4-week trial

Vanessa Houlder

Lex Writer

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Wednesday, 8 June, 2022
    LexFootball
    The Lex Newsletter: why football fans lose their shirts buying shirts Premium content

    Trade in replica kits shows how lucrative the loyalty of diehard supporters can be for powerful clubs

  • Wednesday, 18 May, 2022
    LexWind power
    The Lex Newsletter: wind power is booming but Europe’s turbine industry has been blown off course Premium content

    Delays in approving new sites, rising costs and cheap Chinese imports have hit the sector

  • Wednesday, 4 May, 2022
    LexUK energy
    The Lex Newsletter: windfall energy profits are widespread but hard to tax Premium content

    Levy could have chilling effect on investment and would risk impeding transition to renewables

  • Wednesday, 9 March, 2022
    LexProperty sector
    The Lex Newsletter: UK must expose oligarch owners of country’s priciest properties Premium content

    Complexity of ownership structures means the number controlled by Russian billionaires is anyone’s guess

  • Friday, 11 February, 2022
    LexCompanies
    The Lex Newsletter: soaring inflation adds urgency to search for pricing power Premium content

    Unilever | Pets at Home | Chipotle | US shale producers | BNP | Guy Hands

  • Wednesday, 2 February, 2022
    LexBrexit
    The Lex Newsletter: Brexit red-tape bonfire is more of a slow smoulder Premium content

    New rules could give the UK a competitive edge in some cases but also risk additional burdens

  • Wednesday, 15 December, 2021
    Lex
    NatWest’s bags of musty cash mean UK fails sniff test Premium content

    Countries that score highly on anti-money laundering compliance are also where illicit funds are laundered

  • Friday, 19 November, 2021
    Lex
    Best of Lex: predictions, predations and promotions Premium content

    HS2 | LV | Ahold | Walmart | Amazon | Paytm | JPMorgan | BNP Paribas

  • Friday, 22 October, 2021
    Lex
    Best of Lex: propaganda, protests and profitability Premium content

    Bitcoin ETF | gig jobs | corporate leverage | Evergrande | Nestlé

  • Wednesday, 15 September, 2021
    Lex
    Lex Midweek Letter: arms out for boosters, thumbs up for mRNA Premium content

    Several pharma groups are hoping the Covid vaccine race will turn out to be a marathon, not a sprint

  • Wednesday, 18 August, 2021
    Lex
    Lex Letter from London: making the greenest case for hydrogen energy Premium content

    UK wants to create ‘world-leading hydrogen economy’ but its plans are fraught with uncertainty

  • Friday, 14 May, 2021
    Lex
    Best of Lex: spending big, making a splash Premium content

    Ginkgo Bioworks | tech start-ups | US infrastructure | Amazon | capex | Panasonic

  • Wednesday, 24 February, 2021
    Lex
    Lex Midweek Letter: an injection of confidence Premium content

    UK’s fast vaccine rollout raises consumer optimism and gives boost to travel industry

  • Friday, 12 February, 2021
    Lex
    Best of Lex: kicking up a stonk Premium content

    Tesla/bitcoin, Daimler, GM, Shell, Total, Lyft, Ocado, SoftBank, dog prices

  • Wednesday, 3 February, 2021
    The Big Read
    Lex in-depth: how carbon prices will transform industry

    Putting a high cost on emissions will supercharge investment in greener technologies — and cripple businesses that cannot adapt

  • Friday, 22 January, 2021
    Lex
    Best of Lex: juiced returns in the New Jazz Age Premium content

    Bonds/Roaring Twenties, Goldman/BofA, BlackRock/Vanguard, US cash mountain, Eurostar and more

  • Friday, 11 December, 2020
    Lex
    Best of Lex: herd instincts Premium content

    Airbnb, DoorDash, Tupperware, JD Health, Tesla, The Hut Group, Toyota and more

  • Friday, 4 December, 2020
    Lex
    Best of Lex: bridges and breakthroughs Premium content

    Coronavirus/vaccines, Pershing Square, pandemic cash, UniCredit, Entra, Zoom, Airbnb, Nikola and more

  • Wednesday, 4 November, 2020
    Lex
    Lex letter from London: tribulations, trials and triumphs

    Mass screening of Covid-19 could open door to more normal life but big questions remain

  • Wednesday, 14 October, 2020
    Lex
    Lex letter from London: of jobs and jabs Premium content

    Unemployment is rising but holding out for a vaccine to end the pain could mean a long wait

  • Friday, 2 October, 2020
    Lex
    Best of Lex: chicken, champs and cheques Premium content

    Rolls-Royce, negative interest rates/BoE, Boots/commercial property, US bank investors and more

  • Friday, 4 September, 2020
    LexCompanies
    Best of Lex: storms, shots and shorts Premium content

    Atlantic storms, Covid-19 vaccines, VC firms, Nestlé, Tesla, Japan/Warren Buffett and more

  • Wednesday, 19 August, 2020
    Lex
    Lex Letter from London: trade tides buoy shipping Premium content

    Industry’s resilience is built on greater agility, lower fuel prices and higher freight rates

  • Friday, 14 August, 2020
    Lex
    Best of Lex: disrupt, dissent, distort Premium content

    Jimmy Lai/Hong Kong, Chinese US listing, Swire Pacific, Thermo Fisher/Qiagen, Just Eat Takeaway and more

  • Wednesday, 22 July, 2020
    Lex
    Lex Midweek Letter: innovate, accelerate, inoculate Premium content

    Getting this far so fast is impressive but the prospects of a ‘vaccine by Christmas’ remain dim

Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

Community & Events

FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

Subscribe for full access
  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • HTSI
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Community
    • FT Live
    • FT Forums
    • Board Director Programme
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In