On FT Alphaville this morning,
- You’re hired. Sir Alan Sugar is off to work for Murdoch Jnr.
- John Studzinski gives the FT a peak inside the Blackstone empire.
- Hugh Osmond has lost out on Abbey Life to Deutsche Bank. But he has other things to keep him busy.
- Don’t be fooled by talk of the “domino effect’, says Morgan Stanley’s Stephen Jen. The current market turmoil will be seen as just another ‘buy on the dip’ opportunity.
- But Dr Doom thinks otherwise, unsurprisingly. He considers the return of the Hindenburg Omen – and wonders why “investors seem more concerned about missing the next rally than avoiding….the train wreck.”
- Markets Live, our daily markets discussion, is still AWOL.
On FT.com this morning,
- Ryanair shares jumped more than 9 per cent in Dublin on the back of plans to cut costs, by slowing its capacity growth and, for the first time in its history, grounding aircraft at London Stansted during the winter season in response to a rise in charges by BAA.
- High street sales grew steadily in the first half of July, despite higher interest rates and severe flooding in parts of the country, but the growth was not as strong as retailers had expected, according to a CBI survey published on Tuesday.
- Strong interim results at Lloyds TSB and relief that GlaxoSmithKline was cleared to keep a key drug on sale in US markets helped London traders throw off the bears on Tuesday.
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