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Paul Murphy

Paul Murphy

Paul Murphy is the founding editor of FT Alphaville and an associate editor of the Financial Times. He joined the FT in London in 2006 as development editor of FT.com, concentrating on the expansion of the online business. Prior to that, he served as the Guardian’s financial editor for seven years. He has also held senior positions in business journalism at the Sunday Business newspaper and the Daily Telegraph. Murphy is a graduate of the London School of Economics.

Articles by Paul Murphy

Feeling overwhelmed by the Trumpian newsflow?

2 days ago

Well, this will break you.The Trump Tracker bot, from Sentieo, searches SEC filings, conference call transcripts, press releases, etc, for mentions of the US president.It’s free, so we’ve signed up — so you don’t have to.So far on Thursday in the US, at pixel Trump had been cited by Medigus, Cancer Genetics, Nucor Corp, Nemus Boscience, Scholastic Corp, Galmed Pharma, Arcos Dorados, Eiga Bio…

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don’t cut

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Snap AV: ‘Save the SFO’

2 days ago

It’s the OECD saying Britain should retain its Serious Fraud Office and put its future beyond doubt. (Not us.)Click here to read.TLDR: The SFO has been great at prioritising foreign bribery cases, putting Britain at the forefront of international efforts in this area. Elsewhere, Scotland (!?) is a weak link in the UK law enforcement chain.Related link:UK economic crime agencies given fitness test – FT

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don’t

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Markets Live: Thursday, 23rd March, 2017

2 days ago

11:00 am

PM11:01amMorning

PM11:01amWelcome to Markets Live

PM11:01amSombre mood today, for obv reasons

blankcanvas
hi

Soundbuy
Morning all

11:01 am

PM11:01amRoad chaos outside

PM11:01am

PM11:01amBut for once I won’t blame the stupid cycle lanes

GBKrona
hola, sad day indeed

CommentGoesHere
Morning All, I hope no-one here was directly impacted by yesterday’s events, my sympathies if you were

11:01 am

PM11:02amEmbankment shut etc

PM11:02amBut let’s get on

undefined

11:02 am

PM11:02amFootsie flat

PM11:02amLiterally

Otter
Hello

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Markets Live: Wednesday, 22nd March, 2017

3 days ago

11:00 am

PM11:00amMorning

Soundbuy
Morning all……….

PM11:01amWelcome to Markets Live etc

epicurean
Morning

Otter
Hello internet friends.

PM11:01amHave to bear with for a moment, cos I’m a bit all over the place

blankcanvas
Morning: Pardon my curiosity. Markets Live doubtless knows how many readers are online during this one-hour session each day. Can you tell us? An average perhaps? thanks. PH

11:01 am

PM11:01amEven more all over the place than usual

Otter
Today I have gone rogue and am eating some McDo

Are we there yet
Just lurking

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Markets Live: Tuesday, 21st March, 2017

4 days ago

11:00 am

PM11:01amMorning

PM11:01amWelcome to Markets Live

DutchBrat
Happy Tuesday !

Soundbuy
Bonjour

PM11:01amWas going to give you an inflation chart as today’s pic

11:01 am

PM11:01amBut too boring

PM11:01amHave Judge Napolitano instead

PM11:01am

11:01 am

PM11:02amThe Fox news legal pundit — guy how made the GCHQ revelation

PM11:02amApparently he’s been suspended by Fox

Otter
Hello Internet Friends!

blankcanvas
hi

PM11:02amhttp://www.latimes…0170320-story.html

SoS
oh dear

11:02 am

PM11:02amFor being 100% wrong

PM11:02amDid he used

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Markets Live: Monday, 20th March, 2017

5 days ago

11:01 am

PM11:01amHi there

Soundbuy
Morning

PM11:01amWelcome to Markets Live

Mouselet
Good morning internet people

Alchemy30
Morning

Patience
Happy Monday one and all 🙂

CommentGoesHere
Morning All

PM11:02amMonday — and news generally a bit thin

11:02 am

PM11:02amWell, actually it’s just a bit stale

PM11:02amWhere shall we start

Maverick
Good morning all

PM11:03amHow about Fox & Freaks?

LongandWrong
Morning all

11:03 am

PM11:03amCos I’m still wondering whether Fox’s bid for Sky will get blocked —

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Markets Live: Thursday, 16th March, 2017

9 days ago

11:01 am

PM11:01amMorning

A. M.
Morning all.

blankcanvas
Yay!!!

PM11:01amWelcome to Markets Live

Binocular
salut

Twattington-Burbage
Morning all

Arlington
Morning

PM11:01amWhere American money costs just a little more than it did last time we chatted

Soundbuy
Morgen

11:01 am

PM11:01amNow…

PM11:02amI’d stopped sharing Trump tweets on here

Twattington-Burbage
Morning @Arlington

PM11:02amSpared you

Mouselet
Good morning, on the first day for a while when I’ve felt vague European optimism

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Markets Live: Wednesday, 15th March, 2017

10 days ago

This Markets Live session ended at 12:05 on 15 Mar 2017. Participants in this session were: Paul Murphy and Bryce Elder PM11:00amMorning, welcome to Markets Live PM11:01amThere’s quite a lot going on PM11:01amUnfortunately, only some of it is corporate / market-related PM11:01amFirst up…. PM11:01amThe FT scooped a load of awards in last night’s British Press Awards PM11:01amThis is unprecedented PM11:02amThe Press Awards used to be totally corrupt PM11:02amA behind the scenes stitch up between the tabs and the former broadsheets PM11:02amNot any more it seems! PM11:02amHigh quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com

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Hugh Hendry’s zero-carry package

11 days ago

The euro-bear manager of CF Eclectica Absolute Macro Fund is sounding as bearish as he’s been, post the crisis that made his name.And we can thank the up-coming French Presidential election for that.Hugh Hendry is not forecasting a Le Pen win. But he does believe that if she did win we’d all be looking at the very real threat of a Euro zone break up. That’s especially so after Brexit, which Hendry compares with Britain’s departure from the gold standard, which set in motion a chain of events at the time that saw three-quarters of gold standard members abandoning the system within two years.You can read here gloomy quarterly letter in full here. But the defensive bet placed here is structured as…A ‘substantial position’ on the spread exploding between Italian and German 10 year paper. The

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Markets Live: Tuesday, 14th March, 2017

11 days ago

11:00 am

PM11:00amMorning

PM11:00amWelcome to ML

blankcanvas
good morning

Arlington
Morning all

PM11:00amMarkets Live

11:00 am

PM11:01amLet’s get a pic up

CommentGoesHere
Morning All

PM11:01am

PM11:01amA horse

Soundbuy
Morning…..

11:01 am

PM11:01amBut not just any old horse

Twattington-Burbage
Morning

PM11:02amFav in the Arkle Novice Chase today

PM11:02amALTIOR

littleclenches
2.10 Altior odds on fave2.50 Ibris Du Rheu 12/13.30 Moonracer 8/1E/W treble

chopper bear
Moon racer ?

11:02

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Markets Live: Monday, 13th March, 2017

12 days ago

11:00 am

PM11:00amMorning

Arlington
Morning all

PM11:00amWelcome to Markets Live

PM11:00amBang on time at 11am

Otter
Hello Net-chums

11:00 am

PM11:00amHave today’s pick

PM11:01am

PM11:01amThat’s Amnon Shashua

Twattington-Burbage
Morning Otter

Soundbuy
Morgen…….

11:01 am

PM11:01amFounder of Mobileye

VV75
Amnon making bank

PM11:01amWhich may well be about to be taken over by Intel

CommentGoesHere
Mornin’ All

PM11:01amMobileye big into driverless cars, of course

11:01 am

PM11:02amStory broken in the

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Markets Live: Friday, 10th March, 2017

15 days ago

11:01 am

PM11:01amHi there

Arlington
Morning

PM11:02amWelcome to Markets Live

PM11:02amFriday

Patience
Morning all..

Otter
Hello Friday Friends!

blankcanvas
Dia dhuit

11:02 am

PM11:02amTony T pointed this out this morning

Twattington-Burbage
Morning

PM11:02amBrian Winterflood: Diamond geezer
To the PLC Awards at Park Lane’s Grosvenor House Hotel. Hosts PwC were still pink-cheeked from their Oscars scrape but had a decent line in self-mocking gags, including at one point producing two red envelopes with a flourish. Tributes were paid to Brian Winterflood, the East End-born entrepreneur

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A final, glorious LEAP for Sir Martin Sorrell

16 days ago

The Leadership Equity Acquisition plan put in place at advertising group WPP at the back end of the 1990s drew surprisingly little comment at the time.It was far more complex than any previous executive incentive scheme, involving the then novel approach of executives having to pledge their own stock and cash to join a five-year scheme that would pay back up to five times the pledged amount if WPP met various stretch targets.The financial press did the basic maths and screamed a few headlines about how Sir Martin Sorrell might possibly earn £30m. But the numbers seemed incredulously large at the time — and in any case Sir Martin was judged to have done a sterling job, dragging WPP back from the brink of collapse earlier in the decade.Eighteen years and three LEAP programmes later, the

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Markets Live: Wednesday, 8th March, 2017

17 days ago

CommentGoesHere
Good Morning All

11:01 am

PM11:01amYo

DutchBrat
Good morning

PM11:01amWelcome to Markets Live

Soundbuy
Morgen all………….

Claret
Morning

PM11:01amAnd welcome to Budget Day on Alphaville

Otter
Hello internet friends

11:02 am

PM11:02amWhich means, by tradition, that we do bugger all — while the rest of the newsroom here goes into orbit

blankcanvas
ih hi

Patience
Good morning.

PM11:02amThe tradition thing is cos in my last job Budget Day was the worst day of the year

PM11:02amToo much work to do and

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Markets Live: Tuesday, 7th March, 2017

18 days ago

11:00 am

PM11:00amMorning

PM11:00amWelcome to Markets Live

PM11:01amNo pic today

Patience
Good morning all

CommentGoesHere
Morning

11:00 am

PM11:01amNot one that i want to share. yet

Je Suis Muppet
no pic.. just a Blur

psudome
Hello

PM11:01amBeen struggling with Moz stuff post this cyclone and various other developments

chopper bear
morning all

PM11:02amBloody disaster, on several fronts

Soundbuy
Morgen

11:02 am

undefined

PM11:02amBut on markets

blankcanvas
🙂

PM11:02am1. I’m

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Markets Live: Monday, 6th March, 2017

19 days ago

11:00 am

PM11:00amMorning

PM11:00amWelcome to Markets Live

psudome
Wow on time

PM11:00amBusy weekend for some people

11:00 am

PM11:01amAnd quite a busy morning

CommentGoesHere
Morning All

Paper Chase
Morning

PM11:01amI’d said I’d give UBS’s women thing a plug here

Noddy Boffin
Morning

PM11:01amBut the video i was going to run here isnt embed-able

Paper Chase
Mr Cryan must be quite tired.

11:01 am

PM11:01amSo you’ll have to click

PM11:01amhttps://www.ubs.co…nspiringwomen.html

PM11:01amPlease click

11:01 am

PM11:02amGive em a bit of

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Markets Live: Friday, 3rd March, 2017

22 days ago

11:00 am

PM11:00amMorning

PM11:00amWelcome to Marktes Live

PM11:01amFriday

Soundbuy
Morgen all…….

11:01 am

PM11:01amGuess you can have a pick of Sir Martin

PM11:01amOr is he Lord now?

PM11:01amAnd if not, why not

11:01 am

PM11:01am

PM11:01amWPP taken a battering this morning

PM11:02amWhich we can come to

blankcanvas
Good morning to you

11:01 am

PM11:02amBut more broadly

Soundbuy
Have they airbrushed out his football?

PM11:02amI’m struck by the amount of volatility we seen on regular news announcements

Pseudonym
"It was this big…"

PM11:02amThere’s some sort of

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Bowleven, the former exploration and production company

22 days ago

The price of oil might have perked up over the past year, but there’s not much evidence that it’s feeding through to some of the second and third tier E&P issues that litter the AIM market in London.One of the more depressing things to do is to click on the last annual report from a company like Bowleven and read through the asset review.Bomono/Cameroon suspended…operations impacted by non-performance by the rig contractor…Kenya, relinquished…Zambia, relinquished…and so on.Judging by the flow of regulatory news announcements, the company’s main activity these days is in issuing new shares as a steady stream of former employees exercise share options and (presumably) offload their stock.Trading at close to 400p back during the commodities boom, the stock hit a low of 18p last year. A recent

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An (old) Albert Frère-o-gram

25 days ago

News that Baron Albert Frère, Belgium’s richest man, has popped up on the share register of checked trench coat specialist Burberry is a chance to share this…Full sized version available here.Those are the interlinkages across the business empire Frère has built with Canadian investor Paul Desmarais. But unfortunately it’s eight years out of date.If someone can supply a fresher version, we’d appreciate it. alphaville@ft.com

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our

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Snap AV: An anti-gay ETF

25 days ago

Yes, really.From the ‘Inspire’ family of exchanged traded funds…The methodology removes from the investment universe the securities of any company that has any degree of participation in activities that do not align with biblical values, which are:· abortion;· gambling;· alcohol;· pornography;· the LGBT lifestyle; and· rights violations such as association with or doing business in terrorist sponsoring countries, countries having oppressive systems of government, and countries where there are known human rights violations related to the persecution or severe discrimination against Christians, and poor labor practices.Prospectus here.h/t @LadyFOHF

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Markets Live: Tuesday, 28th February, 2017

25 days ago

11:00 am

PM11:00amHi there

PM11:00amWelcome to Markets Live

Longandwrong
Morning all

PM11:01amAV’s daily chat

DutchBrat
morning

MattSane
Good morning

Soundbuy
Hello……….

11:01 am

Go-Ahead Group PLC (GOG:LSE): Last: 1,964, down 320.9 (-14.04%), High: 1,991, Low: 1,915, Volume: 232.49k
BE11:31amWarning.

PM11:31amWarning yeah

11:31 am

BE11:32amSlowdown in passenger volumes in Regional Bus.

PM11:32amInterims here http://www.investe…1702280700159929X/

BE11:32amCosts up, cost cutting delayed.

11:32 am

BE11:33amGovia Thameslink Railway causing problems. But we knew that

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The man who scuppered Unilever Kraft Heinz

27 days ago

Meet the un-corporate financier of the year, Michael Klein…It was Klein who, according to FTAV’s impeccable sources, called Warren Buffett on the Sunday after Kraft Heinz’s $143bn bid for Unilever leaked, warning the Berkshire Hathaway chairman that he was walking into a political firestorm.Klein put Buffett on a call together with Unilever chief executive Paul Polman, and that was that.Just one phone chat is all it took.Why it fell to Klein to point out the bleedin’ obvious, rather than the raft of other advisers on what would have been the second largest takeover of all time, is not quite clear. The stresses around Theresa May’s government, when it comes to industrial policy and jobs, have been pretty visible — even to those based on the other side of the pond; meanwhile, parliamentary

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Snap AV: For Mexico, a Trump hedge

February 22, 2017

The reference is to Banxico action overnight. The Mexican central bank is to offer up to $20bn of currency hedges in a move to protect the battered Peso.As Reuters points out, the Bank of Mexico tends to stick to traditional monetary policy tools, such as hiking its policy rate 325 basis points over the past year to defend the currency. But that’s not been enough to see off the Trump effect, so now it’s going down a more typical Latam route of offering derivatives to try and stem volatility.Naturally, the immediate reaction to this has been volatile! The Peso jumped almost 2 per cent on the news.More on this in the usual place.

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Markets Live: Tuesday, 21st February, 2017

February 21, 2017

Blankcanvas
good morning

11:00 am

PM11:00amMorning

CommentGoesHere
Morning All. HSBC = Had Some Big Costs? Here’s Some Brexit Complaints? Help, Seriously Bad Conditions?

PM11:00amWhat a surprise!

SirCav
Good morning, all.

PM11:00amThe system worked

11:01 am

PM11:01amThat’s caught us unawares

J L
Morning

cleverhedge
bonjourno

Umtaliboy2
Morning, so far so good.

Otter
Smello Internet Friends

Soundbuy
Morgen………

DutchBrat
bonjour

alewis2005

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