The FT Editor selects top stories in the Unlock the Editor’s Digest, featuring Smiths Group’s decision to break up following pressure from activist investors, leading to a more than 10% increase in shares. The conglomerate plans to sell or demerge two core divisions, Smiths Interconnect and Smiths Detection, focusing instead on John Crane and Flex-Tek. The move comes after Engine Capital called for changes, with Smiths expanding its share buyback program to £500mn.
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6 Questions You Should Ask Before Retiring During a Bear Market
Economists often worry about bear markets as they are a common part of the economic cycle, occurring when a market drops by 20% or more from its recent high, while a bull market is defined by a 20% increase. Investors can expect to experience around 14 bear markets over a 50-year period, and while retiring during one can be daunting, it is not the end of your financial future. Explain It To Me Like I'm...
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