Digital bank Monzo reports first annual profit

Unlock Editor’s Roundup for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Digital bank Monzo has reported its first annual profit since launching nearly a decade ago, as the London-based fintech benefited from higher interest rates and rising transaction and subscription fees. Neobanka, founded in 2015, reported a … Read more

Top Bourbon, According to the 2024 International Wine and Spirits Competition

WL Weller, Full Proof Kentucky Straight Bourbon Whiskey, 57% ABV, 750ml. Photo, courtesy of Sazerac Four Straight Bourbons took top honors at the first round of the recently concluded International Wine and Spirits Competition (IWSC) in London. Five other American whiskeys also took top honors. The trial was the first round of a two-step process, … Read more

Australia orders China-linked funds to sell rare earth stakes in ‘national interest’

Unlock Editor’s Roundup for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Australia’s government has ordered funds linked to a Chinese businessman to cut their stake in a rare earth miner, in a sign how control of critical minerals is becoming a political concern. Jim Chalmers, Australia’s treasurer, … Read more

GSK shares drag FTSE 100 as company faces multi-billion pound bill following Zantac trial decision

Monday, June 03, 2024 at 1:00 p.m Lawsuits could become a multi-billion dollar headache for GSK GSK shares fell this morning after a US court ruled on Friday that it will have to face a jury trial over the potential cancer properties of its heartburn pharmaceutical Zantac. On Friday, a Delaware judge allowed almost 80,000 … Read more

Indian markets hit record highs as exit polls predicted Modi’s victory

Unlock Editor’s Roundup for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Indian markets hit record highs after exit polls predicted a landslide election victory for Prime Minister Narendra Modi, whose third term promises investors a resumption of his infrastructure-led economic drive and market-friendly reforms. A set of … Read more