Terry Smith accuses Unilever of misleading him over $66bn food deal
Veteran fund manager says management told him before the spin-off there would not be any more major asset sales
Trump Promised a Foreign Investment Boom. It’s Getting Harder to Deliver.
The threat of tariffs may have helped push more capital into the United States, but other factors are pushing it away.
FEDS Paper: Capturing Heterogeneity: Machine Learning Approaches to Implied Volatility Forecasting
Hyung Joo Kim and Dong Hwan OhDespite documented heterogeneity in volatility dynamics across the option surface, standard implied volatility forecasting models apply homogeneous parameters throughout. We introduce a machine-learning framework that uses regression trees to partition the surface along both moneyness and maturity dimensions, identifying data-driven regions where distinct forecasting models perform best.
When shareholder activists attack a company, its rivals may feel the heat too and change their ways
Sometimes corporations yield when facing pressure from their shareholders – even when it's indirect. alexsl/iStock via Getty Images PlusShareholder activists are investors who leverage their ownership in a company to push for change.
When managing your money, take a chatbot’s ‘confidence’ with a grain of salt
One out of every five Americans say they lost more than $100 by following financial advice from an AI chatbot, a 2025 survey found. Ant Rozetsky on UnsplashConsider the following scenario.
London IPO candidate CFC hires ex-Direct Line chief as new boss
Private equity-backed business is exploring strategic options including a potential listing on the LSE
Financial Policy Committee Record – July 2026
Our Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system.
Barriers to a European Banking Union
We quantify barriers to cross-border bank lending to firms within the euro area and their consequences for credit allocation and output. Using loan-level data from the European credit registry (AnaCredit) and group structures (RIAD),we estimate barriers to relationship formation, loan pricing, and banks’ branching decisions at the country-pair level. We find that barriers to cross-border relationships between banks and firms and cross-border bank entry are large while wedges on interest rates and loan quantities are comparatively small.
Measuring geoeconomic tension: a large-language-model approach for the euro area
We construct an index of geopolitical and geoeconomic tension for the euro area using Large-Language Models (LLMs) that prompt a large dataset of European, local-language newspaper articles. The resulting LLM Geoeconomic and Geopolitical Tension (LGPT) index and its subindices seek to provide an accurate narrative of tensions and their sources over the past quarter century. The multilingual LLM approach allows for a separation between geopolitical and geoeconomic tensions and for granularity in the identification of the source of such tensions including trade, energy and finance.
Samaras escalates row with PM as ELAS tries to build credibility
Over recent weeks, pressure on Maximos has begun to converge from multiple directions: Antonis Samaras has escalated his personal confrontation with Kyriakos Mitsotakis over the Predator surveillance scandal and Alexis Tsipras’s new party, the Greek Left Alliance (ELAS), is simultaneously attacking the government’s economic narrative and grappling with the challenge of presenting a credible, fully costed alternative.
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