www.ft.com Open in urlscan Pro
151.101.66.209  Public Scan

Form analysis
3 forms found in the DOM

/search

<form class="o-header__search-form" action="/search" role="search" aria-label="Site search" data-n-topic-search="true" data-n-topic-search-categories="concepts,equities" data-n-topic-search-view-all="true"><label class="o-header__visually-hidden"
    for="o-header-search-term-primary">Search the <abbr title="Financial Times">FT</abbr></label><input type="text" class="o-header__search-term" id="o-header-search-term-primary" name="q" autocomplete="off" autocorrect="off" autocapitalize="off"
    spellcheck="false" data-trackable="search-term" placeholder="Search the FT" data-n-topic-search-input="true">
  <div>
    <div>
      <div aria-live="assertive">
        <div class="n-topic-search n-topic-search__suggestions" hidden="" data-trackable="typeahead">
          <div class="o-normalise-visually-hidden">Suggestions include</div>
          <div class="n-topic-search__group undefined" data-trackable="news">
            <div class="n-topic-search__heading">News</div>
          </div>
          <div class="n-topic-search__group undefined" data-trackable="equities">
            <div class="n-topic-search__heading">Securities</div>
            <ul class="n-topic-search__item-list">
              <li class="n-topic-search__item">
                <a class="n-topic-search__target n-topic-search__target--tail" href="https://markets.ft.com/data/search?query=undefined" data-trackable="see-all" "="" tabindex="0"><span>See all quotes matching <mark>undefined</mark></span></a>
              </li>
            </ul>
          </div>
        </div>
      </div>
    </div>
  </div><button class="o-header__search-submit" type="submit" data-trackable="search-submit">Search</button><button class="o-header__search-close o--if-js" type="button" aria-controls="o-header-search-primary" title="Close search bar"
    data-trackable="close" data-o-toggle--js="true" aria-expanded="false"><span class="o-header__visually-hidden">Close search bar</span></button>
</form>

/search

<form class="o-header__search-form" action="/search" role="search" aria-label="Site search" data-n-topic-search="true" data-n-topic-search-categories="concepts,equities" data-n-topic-search-view-all="true"><label class="o-header__visually-hidden"
    for="o-header-search-term-sticky">Search the <abbr title="Financial Times">FT</abbr></label><input type="text" class="o-header__search-term" id="o-header-search-term-sticky" name="q" autocomplete="off" autocorrect="off" autocapitalize="off"
    spellcheck="false" data-trackable="search-term" placeholder="Search the FT" data-n-topic-search-input="true">
  <div>
    <div>
      <div aria-live="assertive">
        <div class="n-topic-search n-topic-search__suggestions" hidden="" data-trackable="typeahead">
          <div class="o-normalise-visually-hidden">Suggestions include</div>
          <div class="n-topic-search__group undefined" data-trackable="news">
            <div class="n-topic-search__heading">News</div>
          </div>
          <div class="n-topic-search__group undefined" data-trackable="equities">
            <div class="n-topic-search__heading">Securities</div>
            <ul class="n-topic-search__item-list">
              <li class="n-topic-search__item">
                <a class="n-topic-search__target n-topic-search__target--tail" href="https://markets.ft.com/data/search?query=undefined" data-trackable="see-all" "="" tabindex="0"><span>See all quotes matching <mark>undefined</mark></span></a>
              </li>
            </ul>
          </div>
        </div>
      </div>
    </div>
  </div><button class="o-header__search-submit" type="submit" data-trackable="search-submit">Search</button><button class="o-header__search-close o--if-js" type="button" aria-controls="o-header-search-sticky" title="Close search bar"
    data-trackable="close" data-o-toggle--js="true" aria-expanded="false"><span class="o-header__visually-hidden">Close search bar</span></button>
</form>

/search

<form class="o-header__drawer-search-form" action="/search" role="search" aria-label="Site search" data-n-topic-search="true" data-n-topic-search-categories="concepts,equities" data-n-topic-search-view-all="true"><label
    class="o-header__visually-hidden" for="o-header-drawer-search-term">Search the <abbr title="Financial Times">FT</abbr></label><input type="text" class="o-header__drawer-search-term" id="o-header-drawer-search-term" name="q" autocomplete="off"
    autocorrect="off" autocapitalize="off" spellcheck="false" placeholder="Search the FT" data-trackable="search-term" data-n-topic-search-input="true" tabindex="-1">
  <div>
    <div>
      <div aria-live="assertive">
        <div class="n-topic-search n-topic-search__suggestions" hidden="" data-trackable="typeahead">
          <div class="o-normalise-visually-hidden">Suggestions include</div>
          <div class="n-topic-search__group undefined" data-trackable="news">
            <div class="n-topic-search__heading">News</div>
          </div>
          <div class="n-topic-search__group undefined" data-trackable="equities">
            <div class="n-topic-search__heading">Securities</div>
            <ul class="n-topic-search__item-list">
              <li class="n-topic-search__item">
                <a class="n-topic-search__target n-topic-search__target--tail" href="https://markets.ft.com/data/search?query=undefined" data-trackable="see-all" "="" tabindex="-1"><span>See all quotes matching <mark>undefined</mark></span></a>
              </li>
            </ul>
          </div>
        </div>
      </div>
    </div>
  </div><button class="o-header__drawer-search-submit" type="submit" data-trackable="search-submit" tabindex="-1"><span class="o-header__visually-hidden">Search</span></button>
</form>

Text Content

Accessibility helpSkip to navigationSkip to contentSkip to footer
 * FTSE 100+0.10%
 * S&P 500+1.10%
 * Euro/Dollar-0.05%
 * Pound/Dollar-0.33%
 * Brent Crude Oil+1.46%
 * 10 Year US Gov+1.28%

Visit Markets Data


COOKIES ON FT SITES

We use cookies and other data 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 cookies
Manage cookies
 * Sign In
 * Subscribe

Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
Search the FT
Suggestions include
News
Securities
 * See all quotes matching undefined

SearchClose search bar
 * Home
 * Markets Data

 * 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
    * US economy beats expectations with 2.9% growth
    * Lockheed Martin ready with F-16s as Ukraine’s allies revive debate over
      fighter jets
    * Pakistan rupee plunges as authorities loosen controls to revive bailout
    * Transatlantic ‘growing pains’: how Olaf Scholz made Joe Biden shift on
      tanks for Ukraine
    * Kyiv rocked by explosions as Russian barrage targets cities across Ukraine

 * UK
   Sections
    * UK Home
    * UK Business & Economy
    * UK Politics & Policy
    * Brexit
    * UK Companies
    * Personal Finance
   
   Most Read
    * Tories told to focus on ‘narrow path’ to election victory
    * Pressure mounts on Nadhim Zahawi over his tax affairs
    * UK to make ‘failure to prevent fraud’ a criminal offence
    * From Iraqi oilfields to Tory HQ: how Nadhim Zahawi mixed business and
      politics
    * Nearly £15bn wasted on Covid PPE, says UK spending watchdog

 * Companies
   Sections
    * Companies Home
    * Energy
    * Financials
    * Health
    * Industrials
    * Media
    * Professional Services
    * Retail & Consumer
    * Tech Sector
    * Telecoms
    * Transport
   
   Most Read
    * Rolls-Royce’s new chief warns company is a ‘burning platform’
    * Blackstone faces $5bn of withdrawal requests from more property funds
    * Morgan Stanley hits bankers with $1mn penalties for messaging breaches
    * Adani sell-off hits $50bn after short seller targets group
    * UK equities no longer a ‘must own’ asset class, shareholder group warns

 * Tech
 * Markets
   Sections
    * Markets Home
    * Alphaville
    * Markets Data
    * Cryptofinance
    * Capital Markets
    * Commodities
    * Currencies
    * Equities
    * Fund Management
    * Trading
    * Moral Money
    * ETF Hub
   
   Most Read
    * Live news updates from January 26: LVMH posts record profits, US GDP
      growth slows
    * Franklin Templeton: an old-school stockpicker tries to reinvent itself
    * Investors pour money into emerging markets at near-record rate
    * Pakistan rupee plunges as authorities loosen controls to revive bailout
    * US dollar hits reverse gear as Fed cedes rate-rise ‘driver’s seat’

 * Climate
 * Opinion
   Sections
    * Opinion Home
    * Columnists
    * The FT View
    * The Big Read
    * Lex
    * Obituaries
    * Letters
   
   Most Read
    * Will Leopard 2 tanks actually boost Ukraine’s battlefield chances?
    * Bye-bye massages and free food: Big Tech cuts back perks
    * Europe cannot afford to engage in tit-for-tat with the US
    * The Fed finds itself in a nasty hole
    * Reasons for scepticism over Swedish rare earths find

 * Work & Careers
   Sections
    * Work & Careers Home
    * Business School Rankings
    * Business Education
    * Entrepreneurship
    * Recruitment
    * Business Books
    * Business Travel
   
   Most Read
    * What to do if you hate your job
    * RSK’s Alan Ryder on how to manage rapid expansion

 * Life & Arts
   Sections
    * Life & Arts Home
    * Arts
    * Books
    * Food & Drink
    * FT Magazine
    * House & Home
    * Style
    * Travel
    * FT Globetrotter
   
   Most Read
    * How London’s property market became an inheritocracy
    * What the poet, playboy and prophet of bubbles can still teach us
    * India against Gandhi — a legacy rewritten
    * The 60-year, 4,000-mile journey home of Lumumba’s tooth
    * Why the world can benefit from contact theory

 * HTSI

MenuSearch
 * Home
 * World
 * UK
 * Companies
 * Tech
 * Markets
 * Climate
 * Opinion
 * Work & Careers
 * Life & Arts
 * HTSI

Financial Times
SubscribeSign In
Search the FT
Suggestions include
News
Securities
 * See all quotes matching undefined

SearchClose search bar


FINANCIAL TIMES HOME


Adani Group
Adani sell-off hits $50bn after short seller targets group

Hindenburg Research report into Indian conglomerate comes as Asia’s richest man
starts a $2.4bn share sale

2 hours ago
India’s Gautam Adani: one of world’s richest men becomes a short seller’s target
an hour ago
Due Diligence. Can Hindenburg take down Asia’s richest man?

House & Home
How London’s property market became an inheritocracy

Editor's picks

South Africa’s support underscores Moscow’s propaganda success


opinion content. The UK led the world in open banking — and then got left behind
Helen Thomas




TOP STORIES

FT live news
Live news: Australian battery group tops Britishvolt shortlist
Live

European stocks tick higher as investors await US inflation data
updated 41 minutes ago

Rolls-Royce Holdings PLC
Rolls-Royce’s new chief warns company is a ‘burning platform’

Tufan Erginbilgic delivers bleak assessment to employees on future of UK
engineering group



Pandemic-hit Rolls-Royce hopes for clearer skies as new boss takes helm


War in Ukraine
Russia admits Putin pardoning convicts so they can join Wagner in Ukraine

Kremlin says US ‘demonising’ paramilitary group, which is now playing a key role
in the war

new 19 minutes ago

‘Guilt and fear’: why Germany’s tanks decision was ridden with angst
new 13 minutes ago

Donald Trump
Trump hits 2024 campaign trail as potential White House rivals dither

Former president presses ahead with as yet uncontested bid with visits to New
Hampshire and South Carolina







SPOTLIGHT

Patrice Lumumba
FT Magazine. The 60-year, 4,000-mile journey home of Lumumba’s tooth

Decades after his murder, the tooth of the former Congolese leader turned up in
Belgium. This is the story of its return



Life & Arts
The Weekend Essay. India against Gandhi — a legacy rewritten

Seventy-five years after his assassination, the ‘father of the nation’ is a
problem for Narendra Modi — but the country still needs his ideas





NEWS

Chevron Corp
Chevron profits slip as oil and gas prices fall

US supermajor falls short of fourth-quarter expectations but reports record
annual earnings of $35.5bn

new 39 minutes ago

UK business & economy
Jeremy Hunt prioritises stability over UK tax cuts

Chancellor says lowering inflation is more important than immediate tax
reductions

new 24 minutes ago

Emerging market investing
Investors pour money into emerging markets at near-record rate

More than $1bn has flowed into stocks and bonds every day this week in strong
start to 2023





MOST READ

 1. Rolls-Royce’s new chief warns company is a ‘burning platform’
 2. Morgan Stanley hits bankers with $1mn penalties for messaging breaches
 3. Blackstone faces $5bn of withdrawal requests from more property funds
 4. Franklin Templeton: an old-school stockpicker tries to reinvent itself
 5. US economy beats expectations with 2.9% growth

UK business & economy
Worsening VAT registration cliff edge prompts calls for UK reform

Data show number of SMEs holding back growth to avoid tax has increased in
recent years



UK taxpayer faces losses after companies backed by Future Fund fail


J Sainsbury PLC
Costcutter owner Bestway takes 3.45% stake in Sainsbury’s

Conglomerate not considering an offer for UK supermarket chain



Artificial intelligence
Artificial intelligence pioneers back $550mn fund for AI start-ups

Radical Ventures secures investment from leaders Fei-Fei Li and Geoffrey Hinton
among others

3 hours ago

Israeli tech sector warns of economic hit from Netanyahu’s hardline policies


Chinese society
China’s singles fight family pressure to get married as population declines

Youth share tips on parrying pushy parental inquiries about having children
during lunar new year



Demand for mourning flowers rises in Covid-hit Chinese province


South Korea Economy
South Korea’s pension fund forecast to run out in 2055 as demographic crisis
hits

Ageing population and underemployment add to pressures as Seoul pushes for
reform

4 hours ago

US equities
Meme-stock groups have raised $5bn in 2 years since trading frenzy

Cash bonanza enabled by retail investors fails to boost beneficiaries’
performance



Direct Line Insurance Group PLC
Direct Line chief executive steps down after profit warnings

Pressure had been building on the group after it scrapped its dividend earlier
this month

4 hours ago





OPINION

opinion content. The FT View. China’s renewed embrace of the private sector

Beijing has more work ahead to rebuild the trust of investors and business

The editorial board

opinion content. The Fed finds itself in a nasty hole

America’s central bank should have been quicker to tackle the risks of its
post-crisis policies

Gillian Tett

opinion content. Census data alone is not enough to map the trans community
Ændra Rininsland

opinion content. Why investors have largely shelved retail shares
Jonathan Eley

opinion content. Undercover Economist. What Lego can teach us about saving the
planet
Tim Harford

opinion content. Markets Insight. Investment regime shift brings turbulence but
also offers returns
Johanna Kyrklund

opinion content. Inside Business. Bye-bye massages and free food: Big Tech cuts
back perks
Cristina Criddle

opinion content. Unhedged. A better argument for ESG, maybe
Robert Armstrong



MORE OPINION

 * The FT View
 * Lex
 * Unhedged
 * Markets Insight
 * Inside Business


UK NEWS

Tories told to focus on ‘narrow path’ to election victory

Strategy guru Isaac Levido briefs Rishi Sunak’s cabinet on plan for defying
20-point poll deficit and beating Labour




Nearly £15bn wasted on Covid PPE, says UK spending watchdog


Small UK companies fear ‘brutal’ year as ministers scale back energy subsidies


Pressure mounts on Nadhim Zahawi over his tax affairs


PwC accused of leak during Quindell deal talks


Asda puts 300 jobs at risk and 4,000 face pay cuts


UK food and toiletries face scrutiny over ‘green’ claims




MORE UK NEWS

 * UK Business & Economy
 * UK Politics & Policy
 * UK Companies
 * Brexit
 * Personal Finance

Inside PoliticsSign up for our newsletter



PODCASTS

FT Weekend podcast. Oscar-nominated directors: ‘Everything Everywhere’ and
‘Triangle of Sadness'
33 min listen
FT News Briefing. Nigeria’s $11bn court challenge
10 min listen
Rachman Review. Philippines caught in the line of fire
29 min listen
Behind the Money. China's reset
20 min listen


LIFE & ARTS

 * Arts
 * Books
 * Food & Drink
 * FT Magazine
 * Style
 * House & Home
 * Travel
 * FT Globetrotter
 * HTSI

Television
Review. Pamela, a Love Story review — an intimate and touching Netflix
documentary
Interiors
opinion content. Create a freestyle kitchen with freestanding units

Travel
Postcard from Menton: oranges and lemons to beat the winter blues
Film
Review. Sundance Film Festival round-up — exquisite yearning, body horror and a
hilarious hot mess
Fashion
At haute couture, everything’s a circus


VIDEO

play content. 

Moral Money28 min
video content. Fusion power: how close are we? | FT Film

play content. 

Scoreboard14 min
video content. How India can revolutionise women's cricket | FT Scoreboard

play content. 

Markets26 min
video content. Fractured markets: the big threats to the financial system

play content. 

FT Financial Literacy and Inclusion Campaign32 min
video content. US bank branch closures widen social inequality | FT Film



HIGHLIGHTS

From Iraqi oilfields to Tory HQ: how Nadhim Zahawi mixed business and politics

The UK Conservative party chair’s tax travails are the latest chapter in a
career that has brought him great wealth




The rise of Esther Crawford in Elon Musk’s ‘hardcore’ Twitter


What to do if you hate your job


opinion content. Dear Jonathan. How do I frame my career break in interviews?
Jonathan Black

Your chance to have lunch with the FT


opinion content. ‘Instead of your whole self, can we just have the part of you
that does your job properly?’
Rutherford Hall

Big pharma groups rejoin battle with governments on drug prices




MORE HIGHLIGHTS

 * Moral Money
 * Due Diligence
 * Cryptocurrencies
 * Special Reports
 * Climate Capital

Moral MoneySign up for our newsletter



MARKETS NEWS

US dollar hits reverse gear as Fed cedes rate-rise ‘driver’s seat’

Focus has shifted to the European Central Bank and Bank of Japan after last
year’s big increase in US borrowing costs

4 hours ago


Vanguard’s net inflows fall by half to $151bn


‘No margin for error’: Bank of Japan’s next chief faces daunting challenge


Turkey unveils foreign currency scheme to prop up lira


NYSE blames manual error for Tuesday trading glitch


Adani shares take $10.8bn hit after Hindenburg bets against group


Crypto miners seek financial lifeline with intense battle for bitcoins




MORE MARKETS NEWS

 * Alphaville
 * Markets Data
 * Capital Markets
 * Commodities
 * Currencies
 * Equities
 * Fund Management
 * FT Trading Room
 * Moral Money
 * ETF Hub


TECHNOLOGY

Watches & Jewellery. Finematter digital certificates smooth way for circular
jewellery economy

Platform aims to increase transparency on provenance of pieces from smaller
makers, boosting resale potential




opinion content. Inside Business. Bye-bye massages and free food: Big Tech cuts
back perks
Cristina Criddle

Russia bans largest independent news website Meduza


opinion content. Can generative AI’s stimulating powers extend to productivity?
John Thornhill

opinion content. Lex. Smartphones: better kit could depress long-term growth


FirstFT. FirstFT: Trump Facebook ban lifted


opinion content. Advocates for friendshoring have not reckoned with digital
trade
Hector Torres



MORE TECHNOLOGY

 * Cryptofinance
 * Semiconductors
 * Tech Tonic podcast
 * Trading technology
 * Tech start-ups
 * Social Media
 * Artificial intelligence

CryptofinanceSign up for our newsletter



BE A PART OF FT COMMUNITY

Upcoming events

Discover unmissable flagship events and members only communities to expand your
thinking and elevate your career.

FT Live
An Evening with Martin Wolf
Is Democratic Capitalism Still Fit For Purpose?
Tuesday, 31st JanuaryOnline
FT Live
The Future of Business Education: Spotlight on MBA
Enhancing Your Global Skill Set
Wednesday, 22nd FebruaryOnline
FT Live
Asia Green Tech Summit
Mobilising Long-Term Capital for the Transition to Net-Zero
Wednesday, 8th FebruarySingapore & Online
Join the discussion

FT Forums is a series of members only communities, powered by the Financial
Times.

Women In Business Forum
A dedicated programme to accelerate mid-career women into senior leadership.
Future Forum
An authoritative space for businesses to share ideas, build relationships and
develop solutions to future challenges.
Climate Capital Council
Where businesses share ideas, opportunities and challenges with climate change.

How easy or hard was it to use FT.com today?

Feedback


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 ChannelsSecondary Schools


TOOLS

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


COMMUNITY & EVENTS

FT CommunityFT Live EventsFT ForumsFT Board DirectorBoard Director Programme


MORE FROM THE FT GROUP

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2023. 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.


Close drawer menuFinancial Times

UK Edition

Subscribe for full access
Search the FT
Suggestions include
News
Securities
 * See all quotes matching undefined

Search
 * Switch to International Edition

 * Top sections
 * Home
 * WorldShow more World
   * Global Economy
   * UK
   * US
   * China
   * Africa
   * Asia Pacific
   * Emerging Markets
   * Europe
   * War in Ukraine
   * Americas
   * Middle East & North Africa
   * Australia & NZ
 * UKShow more UK
   * UK Business & Economy
   * UK Politics & Policy
   * Brexit
   * UK Companies
   * Personal Finance
 * CompaniesShow more Companies
   * Energy
   * Financials
   * Health
   * Industrials
   * Media
   * Professional Services
   * Retail & Consumer
   * Tech Sector
   * Telecoms
   * Transport
 * Tech
 * MarketsShow more Markets
   * Alphaville
   * Markets Data
   * Cryptofinance
   * Capital Markets
   * Commodities
   * Currencies
   * Equities
   * Fund Management
   * Trading
   * Moral Money
   * ETF Hub
 * Climate
 * OpinionShow more Opinion
   * Columnists
   * The FT View
   * The Big Read
   * Lex
   * Obituaries
   * Letters
 * Work & CareersShow more Work & Careers
   * Business School Rankings
   * Business Education
   * Entrepreneurship
   * Recruitment
   * Business Books
   * Business Travel
 * Life & ArtsShow more Life & Arts
   * Arts
   * Books
   * Food & Drink
   * FT Magazine
   * House & Home
   * Style
   * Travel
   * FT Globetrotter
 * Personal FinanceShow more 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 Live Events
 * FT Forums
 * Board Director Programme
 * myFT
 * Portfolio
 * Today's Newspaper (ePaper)
 * Crossword
 * Our Apps

 * Help Centre
 * Subscribe
 * Sign In