On FT Alphaville this morning,
- The authorities start the Great Unbung.
- But the haircuts look vicious.
- So it’s all helpful, but not necessarily much more than that.
- More on the SLuSh efforts and the banks in Markets Live.
- UBS is washing its dirty linen. And isn’t there a lot of it.
- The bear market rally is officially over, says Teun Draaisma.
- Portacabin, portacabin, portacabin
- Leaving London, early mornings, and dire predictions, in further reading.
On FT.com,
- Oil surged to a record above $117 a barrel
- Peter Mandelson’s stern words for Tokyo, after the rejection of TCI’s plans to raise its stake in J-Power
- Rentokil delivered another profit warning for the group’s troubled City Link parcels business.
- First quarter profits at Novartis rose 10 per cent on cost cuts and the weak dollar.
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