Morgan Stanley chief operating officer Jonathan Pruzan, a leading contender to become the bank’s next chief executive, has decided to leave at the end of this month.Pruzan, 54, was one of four candidates in the running to replace James Gorman when he decides to retire…

US securities regulators have charged McDonald’s and its former chief executive Steve Easterbrook over their handling of the British executive’s termination over his inappropriate personal relationships with staff. The Securities and Exchange Commission said on Monday that Easterbrook had violated anti-fraud provisions of securities laws by…

Fay Weldon, who died last week aged 91, was so much more than a revered novelist. She was a revered advertising copywriter for Ogilvy & Mather. Or, to quote a joke from another former Ogilvy’s copywriter, Salman Rushdie: “Her great legacy to the world of…

Tesla owners in big cities across China are protesting against the carmaker’s price cuts, overshadowing the company’s efforts to revive sales in the world’s largest electric vehicle market. Tesla announced the cuts for its Model 3 and Model Y vehicles on Friday, slashing prices to…

Rolls-Royce sold a record number of cars last year, driven by demand in the US — its biggest market. The UK-based carmaker sold 6,021 cars, an 8 per cent rise on 2021 — and the highest annual figure in its 119-year history.The company expects to…

Dear reader,We’re off to the races. A new investment year has started. Lex is recording the scene in global capital, publishing seven days a week. All of human life is here, as it was when WP Frith painted his great panorama “The Derby Day” featuring…