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The Unlikely Pilgrimage of Harold Fry — hit novel becomes a schmaltzy musical

At Chichester’s Minerva Theatre, stage version of Rachel Joyce’s bestselling book about a long, soul-searching walk eventually finds its feet

Starmer says he wants ‘more pensioners’ to get winter fuel payments in U-turn

UK prime minister tells MPs the government will change unpopular policy this year

Activist hedge fund Elliott wins two seats on Phillips 66 board

Investment firm has lobbied for sweeping changes at US energy group

Sceptred Isle — Helen Carr’s entertaining history of the later Plantagenet kings

An anecdotal and informative book about the tumultuous events of the 14th century that still resonate today

House Republicans reach deal on Trump’s $3tn budget bill, Johnson says

Speaker overcomes key sticking point on taxes as he presses to deliver cornerstone of president’s legislative agenda

Daniel Loeb’s Third Point Investors in deal to create London-listed insurer

Planned reverse takeover of reinsurer Malibu Life has already met resistance from fund shareholder AVI

Bloomberg Terminal outage support thread

How then shall we live?

Putin visits reclaimed Kursk region as Russia presses battlefield advantage

Russian leader makes first trip since most Ukrainian forces were ejected from the frontline area

Thoma Bravo founder warns retail funds risk owning bad buyout assets

Managing partner of US private equity firm says wealthy individuals may be less sophisticated

Russian-linked Ukrainian politician shot dead in Spain

Andriy Portnov was ally of ex-president Viktor Yanukovych and fled to Russia during Ukraine’s 2014 revolution

Wild camping on Dartmoor is legal, rules UK Supreme Court

Ruling ends long battle over public’s right to camp in the Devon national park

China’s developers at risk as young home buyers walk away

There are signs of hope for the market but not enough to help developers out of their current predicament

Ministers should do more to support UK-owned IP, says Channel 4 boss

Outgoing chief executive Alex Mahon warns of ‘worry’ of Trump tariffs for film sector

Bloomberg terminal outage hits traders

Disruption to widely used markets data service affects UK and EU debt auctions

Lady Bamford's geraniums — the good-time girls of gardening

Her 173 varieties come in every shade of pink, and their names — Candy Dancer, Vectis Glitter, Apple Betty — evoke golden-era cabaret dancers. And for Carole Bamford, these easy-growing plants are an ever-fertile obsession

Alcohol groups face a sobering cultural shift

Young adults are taking the health effects of drinking more seriously

The Rehearsal season 2 — deadpan trickster Nathan Fielder is finally dead serious. Or is he?

The reality-blurring comedian is trying to revolutionise the aviation industry with his ambitious Sky/HBO series

Britain will be negotiating with Europe forever

Like a poorer Switzerland, the UK will never find a happy balance of independence and access

Shorting is hot again

Someone alert WallStreetBets

UK inflation jumps to 3.5% in April

Higher than expected rise leads traders to price in just one rate cut in next 12 months

Target cuts outlook after hit from tariffs and store boycotts

Once a Wall Street darling, the retailer has struggled to revive sales that have faltered since the Covid-19 pandemic

FirstFT: Nvidia chief criticises US government chip policy

Also in today’s newsletter, IMF warning to US to tackle its debt burden and the discovery of a Mexican ‘death camp’

EU industry chief pushes ‘buy European’ in response to Trump

Brussels plan would allow member states to bar foreign bidders from government contracts

Corners, the coolest design shop in the Catskills

How a concrete box became a mecca for art books, rare prints – and the world’s best pens