Private equity needs a new IPO playbook

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private equity firms once had a script, of sorts. Buy an asset, load it up with debt, fix it and then flip it. But in recent years, weak M&A markets and soldered IPO windows have … Read more

Investors should be wary of analyst ratings

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder and chief executive of Trivariate Research Analyst ratings on stocks are a regular feature in financial news coverage. Upgrades, downgrades and price target changes can often create volatile one-day price movements … Read more

Time for ESG investors and defence stocks to call a truce

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Friday’s blistering spat in the White House produced one winner. On Monday morning, European defence stocks including Germany’s Rheinmetall, France’s Thales and BAE Systems shot through the roof. Expectations of government spending have pumped up … Read more

Tariff Tuesday: into the unknown

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. Yesterday was rough. It began with the ISM manufacturing survey for February, which showed new orders falling into … Read more