Home REIT: Scandal-hit housing investor threatens to sue those ‘responsible for wrongdoing’ March 5, 2024 Embattled housing investor Home REIT has threatened to sue those it considers “responsible for wrongdoing” today as it comes under pressure from a Financial Conduct Authority probe launched last month.
That’s bonza! Australian pension fund commits £8bn to UK in pre-budget boost March 4, 2024 Australia’s biggest pension fund is set to pump another £8bn into the UK in the coming years in a boost to Jeremy Hunt ahead of the budget this week.
Pension funds have ‘abrogated responsibility to the UK,’ says Peel Hunt March 4, 2024 Pension funds have “abrogated their responsibility” to the UK and should start preparing to disclose how much of their cash goes into British firms, one of the UK’s top investment banks has said, after the Chancellor revealed plans for a sweeping shake-up of rules ahead of the budget on Wednesday.
Exodus: Eight troubling omens for the London Stock Exchange March 4, 2024 The pace of delistings and take-privates looks set to continue this year.
Spring Budget 2024: City tells Hunt to axe the share tax March 4, 2024 Leading City figures have called on the Chancellor to scrap the stamp duty on buying shares in a bid to boost London's capital markets and support growth.
Spring Budget 2024: Chancellor to reverse changes to angel investment rules in boost for UK entrepreneurs March 2, 2024 The Chancellor will use the upcoming Spring Budget to reverse changes to angel investment rules, providing a boost to UK entrepreneurs, The Telegraph has reported.
The week that was: St James’s Place and Reckitt lead painful few days for the City March 2, 2024 A week in which 50 firms posted their final results was always going to produce some news. St James's Place and Reckitt defined a bruising few days for the Square Mile.
Jeremy Hunt piles pressure on pension funds to back British firms in fresh City shake-up March 2, 2024 Pension funds will be forced to reveal how much of their cash is invested in UK companies and poorly performing schemes will be blocked from taking on new business, in a bid to get retirement cash flowing into the economy, the Treasury has announced,
Start-up splash: British Business Bank’s ‘mandate’ could change to beef up growth investment March 1, 2024 A new government could change the mandate of the state-backed British Business Bank to enable it to ramp up investment into bigger start-up rounds, its chief executive has suggested. Speaking with City A.M.’s Bonds & Ballots series, Louis Taylor, the chief executive of the state-owned development bank, said there “is some scope” for a new [...]
Wincanton switches horses and backs new £762m takeover bid – but will French suitor come back? March 1, 2024 Wincanton looks set for a £762m takeover by Clipper logistics owner GXO after bosses withdrew their backing for a rival bid and waved through a new offer to shareholders.