Tech investors have been on edge about this quarter’s earnings season ever since Netflix stunned Wall Street by revealing that its decade-long run of subscriber growth had come sputtering to a halt. Now, they are finding little to comfort them as more companies report their numbers. On Wednesday, despite insisting that its business is nothing
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Spotify chief executive Daniel Ek has sought to distance his company from Netflix, telling investors the two are “vastly different businesses”, after the recent crash in the video streaming service’s stock price sliced Spotify’s value by a fifth. “I think a lot of people are grouping us and Netflix together . . . despite both being media companies and
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Most of us are facing the challenge of re-entry into the “new normal”. My FT colleague Rana Foroohar perfectly captured the weirdness of this moment as “the cognitive dissonance of corporate life,” in this week’s Swamp Notes newsletter (and you can sign up here).  There is much to think about as we struggle to manage
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The BT Tower. A dank Soho alley. A pub. The highly anticipated anglicisation of the French series Call My Agent! begins with a montage reminding us that we’ve left Eiffel, Haussmann and café culture behind. The venue is now unmistakably London, but it’s a famous French idiom that comes to mind while watching the new
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Higher interest rates and investor rotation into value sectors have squashed tech company valuations. When the businesses are listed in the UK, they already come with a discount to US peers built in. Cambridge-based Aveva added a third woe to the list on Wednesday. Russia’s invasion of Ukraine will hit the profitability of the industrial
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India’s second-richest man Mukesh Ambani and US buyout group Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, according to people familiar with the matter. The private equity group is working with Ambani’s Reliance Industries on a bid that if successful, would see one of Britain’s best-known retailers expand
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Two top-10 investors in Moderna have voted against a shareholder resolution that would push the US drugmaker towards transferring its technology to the developing world. The resolution, which will be proposed at the vaccine maker’s annual meeting on Thursday, asks its board of directors to explore the feasibility of transferring Moderna’s intellectual property and technical
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Art began with animals – just look at Mayan jaguars, Egyptian cats and the painted bison in Lascaux. The particularly British love affair with the equestrian and canine is ingrained in its art history: see George Stubbs’ regal, romantic horses, Van Dyck’s painting of King Charles II as a child with his eponymous spaniel and
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Welcome back. We have written a bit about environmental, social and governance investing losing some of its allure since Russia’s invasion of Ukraine. Investors are flocking towards oil-and-gas opportunities at the expense of clean energy projects. But there are signs of ESG resilience. Index provider MSCI reported earnings on Tuesday and said its ESG and
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Magnus Carlsen has often proved himself an innovative and inventive world champion, as he continues to stay ahead of his rivals in all forms of the game. Carlsen is the player to beat in two-hour classical play, 15-minute rapid, five-minute blitz, and one-minute bullet. The Norwegian, 31, has always varied his openings so as to
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