He praised the management of this market leader with a big competitive advantage. Bill Ackman is one of the most widely followed investment managers in the world. He’s in charge of Pershing Square Capital, a hedge fund focused on investing in just a handful of Ackman’s best ideas. His highly concentrated portfolio is full of

This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. A scoop to start: Brussels plans a top-to-tail restructuring of the EU’s trillion euro

Ed Butler BBC World Service Reporting fromTamale, Ghana AFP Burkina Faso’s military is struggling to defeat jihadists who have taken control of much territory Three Ghanaians have told the BBC of their involvement in the fighting between Islamist insurgents and the military in neighbouring Burkina Faso, describing scenes of sometimes indiscriminate violence and bloody battles.

Warren Buffett and his team at Berkshire Hathaway are some of if not the best investors ever. That’s why it shouldn’t surprise investors to learn that Buffett is often a step or two ahead of the broader market. Buffett has always had a knack for largely avoiding recessions or market downturns and making asymmetric investments

President Donald Trump unveiled plans Sunday to halt production of the penny — but getting that initiative underway requires a few additional steps and possibly congressional approval.  Additionally, while Trump said he instructed the Treasury Department to stop minting them due to their high costs, supporters of the penny claim it’s wiser to evaluate changes

President Trump said he directed the Treasury Department to stop minting new pennies, citing production costs. But it’s Congress that authorizes the U.S. Mint’s manufacturing of coins. Michael M. Santiago/Getty Images hide caption toggle caption Michael M. Santiago/Getty Images President Trump, whose sweeping agenda aims to dramatically reshape both policy and government, is now aiming

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email A viral video caught the moment a flight attendant had to restrain a screaming passenger who was having a “violent medical episode” while latching onto a woman’s hair. The incident occurred