Author: Arabian Media staff
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT People taking better care of their health sounds like good news for humanity. Is it good news for your investments? Not if you’ve got a big position in the alcoholic drinks sector.CONSUMER TRENDSThe alcohol industry’s looming hangoverOf all the words to have associated with your…
Lowe’s said it faces housing-market headwinds and near-term economic uncertainty, but kept its 2025 earnings projections in place. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Billionaire activist Daniel Loeb’s Third Point Investors Limited plans to acquire a reinsurance company, in a move that would lead to the creation of a new London-listed insurer for the first time since 2020.London-listed TPIL said on Wednesday that it would acquire Malibu Life Reinsurance, a Cayman Islands-based life and annuity reinsurer that Loeb’s New York-based hedge fund Third Point launched last year. The Guernsey-based closed-end fund plans to acquire Malibu in an all-share deal that values Malibu at about $68mn.If the…
Image: Etihad Airways Etihad Airways reported record-breaking financial results and customer satisfaction in the first quarter of 2025, building on strong momentum from the previous year. The airline posted a profit after tax of Dhs685m ($187m), up 30 per cent year-on-year, supported by strong passenger demand and continued operational efficiencies. Total revenue rose 15 per cent compared to Q1 2024, reaching Dhs6.6bn($1.8bn), with growth driven by both passenger and cargo segments. Passenger revenue grew 16 per cent to Dhs5.5bn($1.5bn), supported by increased flight frequencies, network expansion, and higher capacity. Cargo revenue rose 8 per cent year-on-year, despite a 4 per…
Target says that it saw softer-than-expected sales and profit pressures in the first quarter as the retail environment remained “highly challenging.” Source link
Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.The billionaire co-founder of buyout firm Thoma Bravo has said wealthy individuals should be concerned about companies that private equity firms cannot sell ending up in funds aimed at retail investors.Orlando Bravo, managing partner of the US software-focused investor, said that the growing pool of private funds aimed at retail investors meant that “retail could end up saving these companies that people cannot sell”.Demand from retail funds had lit the market for second-hand stakes in buyout funds and private equity portfolio companies…
Retired boxer Floyd Mayweather Jr. furiously shut down speculation that he is struggling financially—and discusses plans to accrue generational wealth. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.About 70 per cent of Chinese household wealth is estimated to be tied up in real estate. That is high by global standards. In the US, the share is closer to 27 per cent. This disproportionate exposure has raised the stakes for the stability of the housing market. Between 2003 and 2010, home prices in major cities such as Shanghai, Beijing and Shenzhen rose by more than 150 per cent, marking the beginning of a sustained rise in property values. Shenzhen recorded…
Image credit: Getty Images Qatar has officially announced the Eid Al Adha holidays. According to a report in The Peninsula, the holidays will run from the 9th day of Dhul Hijjah to the end of the 13th day of Dhul Hijjah. Read-Eid Al Adha 2025: Kuwait announces festival dates The Emir of Qatar has approved the cabinet’s decision regarding the official holiday schedule. This decision was published in the Official Gazette. As outlined, the holidays for ministries, government agencies, and public institutions will span from the 9th to the 13th day of Dhu Al Hijjah. Kuwait-based Al Ojairi Scientific Center…
Morgan Stanley sees a more “synchronous” earnings recovery for the U.S. ahead, aided by in part by Fed rate cuts next year. Source link