Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

dawn raid

When brokers are instructed by an investor to buy a large amount of shares in a particular company, often at the opening of trade and usually in order to position the investor for a potential takeover bid. 

When an acquisitive company buys a substantial number of shares in a target company before the market opens, it gains a strategic stake.