Patrick Mathurin

What lies ahead for the hedge fund in the wake of sexual assault claims against its founder?

“Today is a good day,” declares Graeme Watters, as he watches the 114 turbines at the giant Seagreen wind farm rotate. It is mid-October, and the project that began off Scotland’s east coast almost 14 years before is now fully operational. Seagreen, a joint venture between French group TotalEnergies and SSE Renewables, a division of energy group SSE, is Scotland’s biggest wind farm. It can generate electricity to power 1.6mn homes and potentially displace around 2mn tonnes of carbon dioxide emi…

A record number of large healthcare companies filed for bankruptcy in the US last year, underlining the industry’s struggles with problems ranging from rising costs to falling patient numbers and tougher regulation. Eighteen companies with liabilities of more than $100mn, including radiotherapy and medical staffing services and a community hospital, filed for Chapter 11 bankruptcy protection, seeking court approval to reduce their debts. The list includes Envision, which was formerly owned by…

US consumers paid almost 50 per cent more in credit card expenses last year than in 2020, the year before President Joe Biden took office, putting pressure on family budgets and firing up an election issue about what Republicans say is a cost of living crisis. Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation. Delinquencies on credit card loans are also running at their highest level in a…

The UK’s gender pay gap has fallen to its lowest recorded level but it will take decades before the earnings disparity between women and men is eliminated at the current rate of decrease. The median pay gap narrowed to 9 per cent in 2023-24 from 9.2 per cent a year earlier, according to an analysis by the Financial Times of official data submitted by employers last month. But employees at large companies including British Airways and Next Retail saw their median pay gap widen over the past yea…

Chinese rivals take market share as US and European carriers struggle with weak demand and diversions around Russia

China, Germany and other exporters fear higher tariffs and volatile period of tit-for-tat trade measures

Main market set for fewest listings in 15 years as allure of New York grows despite planned UK reforms

Ofwat has not given heavily indebted Thames Water the increase in customer payments it was seeking

Voters prepare to go to polls this weekend as political parties seek remedies for economic heartland’s woes