Marcus Bokkerink replaced at CMA with government saying it wants pro-business decisions to drive prosperity and growth

Agreement comes as Boaz Weinstein’s firm agitates against UK closed-end funds

Also in today’s newsletter, the energy industry digests President Trump’s first day announcements

Britain deserves a strong, competent financial regulator capable of rooting out and deterring misbehaviour

Wall Street bets that new administration’s lighter-touch regulatory regime will spur dealmaking

New chief executive hails ‘significant progress’ as asset manager mounts turnaround

Finreg by AI

And more on the UK discount

Public Investment Fund stumps up $200mn as seed investor in SSGA’s Europe-listed bond fund in support of Vision 2030

Sell-off in gilts since Budget suggests market balking at higher borrowing needs, says billionaire investor

Chief executive leaning towards New York listing, while board favours home market of London

Profits expected to take hit as volatility drops in market that surged following outbreak of Ukraine war

Kingdom plans to purchase up to 20% share in $9bn complex as it looks to accelerate its diversification away from oil

World’s biggest producer says it wants market stability after 40% fall in price over two years

Investors ‘tiptoe’ around social responsibility to avoid political pressure, while still assessing economic costs

Austria-based, London-listed RHI Magnesita says ingredient needs strategic designation to protect European industry

Tariff threats send jolt of volatility through currency markets

Strong performance in metal used for key technologies contrasts with weak growth in traditional iron ore operation

Entrepreneur Justin Sun among investors buying into World Liberty Financial

Euro, sterling and Canadian currencies rally sharply against greenback