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Business
Macy’s cuts profit outlook as sales fall in run-up to holidays
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Macy’s has slashed its annual profit outlook as sales…
Sports Illustrated taps into unchartered territory with stadium naming rights deal
After being a household name for seven decades, Sports Illustrated is on a new venture. Sports Illustrated and Major League Soccer's New York Red Bulls announced that the…
Albertsons sues Kroger after calling off $25bn supermarket merger
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Albertsons has terminated its proposed combination with…
Walgreens could 'aggressively' cut costs if privately owned, analyst says
If Walgreens Boots Alliance Inc. is bought by private equity firm Sycamore Partners, it would have more flexibility to "aggressively" reduce costs in order to address…
St Pancras owner lays out plan to boost Channel passenger numbers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The owner of London’s St Pancras station has laid out…
Safeway announces decision to close San Francisco store location amid theft and safety concerns: report
Safeway announced on Tuesday in a letter to San Francisco Mayor London Breed that it would close a location in the city after suffering from theft. The letter explained that…
Heathrow predicts Christmas travel boom
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.London’s Heathrow airport has forecast its busiest ever…
Top housing markets for 2025 revealed in new forecast
High home prices and elevated interest rates have put a damper on the housing market in the past few years, but there is plenty of pent-up demand, and some areas are poised…
India’s second-largest renewables company plans Nasdaq delisting
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India’s second-largest renewable energy company ReNew is…
Bain to launch $4.3bn counterbid against KKR for Japan’s Fuji Soft
Stay informed with free updatesSimply sign up to the Private equitymyFT Digest -- delivered directly to your inbox.Bain Capital is launching an unexpected $4.3bn counterbid for IT…