Financial Times

According to the Financial Times, Boris Johnson’s 211-to-148 victory in Monday’s confidence vote left him badly damaged and exposed the scale of division in his party.

FT reports that the value of initial public offerings has fallen 90% this year against the backdrop of the Ukraine war and rising inflation and interest rates.

A claim has been filed on behalf of 1,500 investors against the administrators of the collapsed fund of Neil Woodford, according to the Financial Times.

According to the Financial Times, OPEC and its allies will increase oil production in July and August.

Jamie Dimon, the CEO of JPMorgan Chase, has warned investors to prepare for an economic “hurricane”, according to the FT.

Financial Times reports that the UK and EU have agreed to a coordinated ban on insuring ships carrying Russian oil, thereby cutting Moscow off from the Lloyd’s of London insurance market and limiting its ability to export crude.

Qualcomm has considered partnering with its rivals to create a consortium that would maintain the neutrality of UK chip maker Arm, reports the Financial Times.

Financial Times reports that central banks are raising rates rapidly, in the most widespread tightening of monetary policy for over two decades.

A report in the Financial Times says EY is considering a public listing or partial sale of its global advisory business as part of what it calls the “most radical change at a big four firm for two decades”, according to “people with direct knowledge of the matter”.

The Financial Times reports on the anger from North Sea oil and gas operators over the chancellor’s announcement of a windfall tax.