UK morning headlines: Norway’s oil fund sides with climate activists against ExxonMobil and Chevron...

FINANCIAL TIMES   To view this email as a webpage, click here   FINANCIAL TIMES FINANCIAIL,   Friday, 26 May 2023   UK Homepage   Norway’s oil fund sides with climate activists against ExxonMobil and Chevron   World’s biggest sovereign wealth fund attempts to force policy change at US groups despite backing European oil majors   Flight risk? London listings the most vulnerable to New York’s allure   An FT ranking of 50 companies listed in Europe with the strongest rationale to move their primary listing to Wall Street   US credit squeeze triggers rise in corporate bankruptcies   Chapter 11 filings by indebted companies jump in May, including five during a 24-hour span   UK failure to create post-Brexit chemical regulations risks ‘irreparable damage’   Government attempts to replicate EU system threatens innovation, warns industry   US debt ceiling talks progress as deadline approaches   Negotiators hope to finalise a two-year deal in the coming days as default looms   Markets   FirstFT: Corporate bankruptcies rise as US credit squeeze tightens   Also in today’s newsletter, UK ministers consider changing pension rules and Norway’s oil fund to side with activists   Yield-hungry investors push US money market assets to record $5.4tn   Low-risk cash vehicles absorbed tens of billions of inflows during a season of bank turmoil   Singapore signs new China ETF connect agreement with Shanghai   Only a handful of products are being traded on existing master-feeder ETF link with Shenzhen   Private equity investment trust discounts widen   Average discount across 14 PE trusts is 34 per cent   Wall Street stocks led higher by Nvidia’s blowout results   Traders pencil in higher US and UK interest rates after data   World News   Pakistan launches crackdown on Imran Khan’s party   Arrest of populist former prime minister’s supporters is a challenge to democracy, analysts say   Why EU cuts to red tape could hamper environmental ambitions   Also in this newsletter: why trains in Spain all lead to Madrid   Reliance seeks retail dominance in India with comeback deal for Shein   Subcontinent’s biggest company will help Chinese fast-fashion group return with online licensing agreement   ‘Outraged and furious’: Germans rebel against gas boiler ban   Green policy forcing homeowners to install heating systems powered by renewables dubbed the ‘heat hammer’   Car buyers: how to steer through the labyrinth of choice   New vehicles rise in price as electric options become more popular   UK News   Britain is not America — and the right shouldn’t forget it   The US brand of national conservatism fails to resonate in the UK because it is a fundamentally different society   In a reinvigorated Leeds, a summer of celebrations is just beginning   When its bid to be European Capital of Culture was thwarted by Brexit, the city decided to anoint itself and start partying anyway   Gâteau at the château: Lord Rothschild’s latest folly   Waddesdon Manor’s latest installation is a vast wedding cake by artist Joana Vasconcelos – that you can get married in   UK regulator probes sustainable loans market   FCA interviews bankers and borrowers about transparency of loan targets   SNP accused of ‘moving the goalposts’ over independence campaign funds   Critics say Scotland’s ruling party needs to explain what happened to £740,000 raised to fight a second referendum   UK Companies   No ‘magic wand’ for financial pressures, Hunt tells pharma groups   UK unveils reforms worth £650mn to boost the life sciences sector   UK lenders increase mortgage rates after gilt yields rise on inflation data   Brokers warn of ‘another choppy period’ for borrowers   Energy bills unlikely to hit pre-crisis levels for 2 years, Britain’s regulator warns   Comments come as Ofgem announces amount paid by a typical household for gas and electricity is set to drop to £2,074 from July   Changing pensions regulations will not boost UK business investment   The real problem is that British companies do not want to increase capital expenditure   Qinetiq on hunt for acquisitions as orders at record on global tensions   UK defence tech group specialising in robotics and laser weapons reports 33 per cent in underlying profits Feedback Manage portfolio Follow the FT Twitter Facebook LinkedIn Instagram   | My Account | RSS | | About Us | Help   © THE FINANCIAL TIMES LTD 2023. All rights reserved. You have received this email because you have signed up from the NBE preference page. This email was sent by a company owned by Financial Times Group Limited (FT Group), registered office at Bracken House, 1 Friday Street, London EC4M 9BT. Registered in England and Wales with company number 879531.