Target shares fall after hit from tariffs and store boycotts
Retailer cuts outlook as sales drop more than expected
Dior to pay €2mn to help labour abuse victims in Italian watchdog settlement
Italy’s competition authority ends probe into some of luxury group’s suppliers
Activist hedge fund Elliott wins two seats on Phillips 66 board
Investment firm has lobbied for sweeping changes at US energy group
Banks’ links to private credit could pose systemic risk, says Boston Fed
Report highlights how direct lenders are forging increasingly close ties to more tightly regulated financial groups
The Unlikely Pilgrimage of Harold Fry — hit novel becomes a schmaltzy musical
At Chichester’s Minerva Theatre, stage version of Rachel Joyce’s bestselling book about a long, soul-searching walk eventually finds its feet
Starmer says he wants ‘more pensioners’ to get winter fuel payments in U-turn
UK prime minister tells MPs the government will change unpopular policy this year
Sceptred Isle — Helen Carr’s entertaining history of the later Plantagenet kings
An anecdotal and informative book about the tumultuous events of the 14th century that still resonate today
House Republicans reach deal on Trump’s $3tn budget bill, Johnson says
Speaker overcomes sticking point on taxes but must placate fiscal conservatives ahead of key vote
Daniel Loeb’s Third Point Investors in deal to create London-listed insurer
Planned reverse takeover of reinsurer Malibu Life has already met resistance from fund shareholder AVI
Bloomberg Terminal outage support thread
How then shall we live?
Putin visits reclaimed Kursk region as Russia presses battlefield advantage
Russian leader makes first trip since most Ukrainian forces were ejected from the frontline area
Private equity founder warns retail investors risk being saddled with worst assets
Managing partner of Thoma Bravo says wealthy individuals may be less sophisticated
Russian-linked Ukrainian politician shot dead in Spain
Andriy Portnov was ally of ex-president Viktor Yanukovych and fled to Russia during Ukraine’s 2014 revolution
Wild camping on Dartmoor is legal, rules UK Supreme Court
Ruling ends long battle over public’s right to camp in the Devon national park
China’s developers at risk as young home buyers walk away
There are signs of hope for the market but not enough to help developers out of their current predicament
Ministers should do more to support UK-owned IP, says Channel 4 boss
Outgoing chief executive Alex Mahon warns of ‘worry’ of Trump tariffs for film sector
Bloomberg terminal outage hits traders
Disruption to widely used markets data service affects UK and EU debt auctions
Lady Bamford's geraniums — the good-time girls of gardening
Her 173 varieties come in every shade of pink, and their names — Candy Dancer, Vectis Glitter, Apple Betty — evoke golden-era cabaret dancers. And for Carole Bamford, these easy-growing plants are an ever-fertile obsession
Alcohol groups face a sobering cultural shift
Young adults are taking the health effects of drinking more seriously
The Rehearsal season 2 — deadpan trickster Nathan Fielder is finally dead serious. Or is he?
The reality-blurring comedian is trying to revolutionise the aviation industry with his ambitious Sky/HBO series
Britain will be negotiating with Europe forever
Like a poorer Switzerland, the UK will never find a happy balance of independence and access
Shorting is hot again
Someone alert WallStreetBets
UK inflation jumps to 3.5% in April
Higher than expected rise leads traders to price in just one rate cut in next 12 months
FirstFT: Nvidia chief criticises US government chip policy
Also in today’s newsletter, IMF warning to US to tackle its debt burden and the discovery of a Mexican ‘death camp’