True Potential assesses offers from prospective buyers September 3, 2018 Wealth management firm True Potential has appointed bankers to oversee offers from potential buyers, the company has confirmed. The Newcastle-based platform is planning a sale that could value it at almost £2bn, Sky News reported. True Potential, which was established in 2007, has hired bankers Perella Weinberg Partners to consider and advise on potential buyer interest in the business. [...]
Water companies outline plans to cut customer bills September 3, 2018 Water companies have submitted five-year plans to reduce customers' bills to industry regulator Ofwat. Severn Trent Water said there will be a five per cent reduction in bills in real terms, and United Utilities revealed that customers will pay 10.5 per cent less under plans for 2020 to 2025. Read more: Thames Water launches major investment after choppy year London's [...]
Turkey’s central bank vows to act as inflation hits 18 per cent September 3, 2018 Turkey's central bank has pledged to take action as it was revealed that inflation hit almost 18 per cent last month amid a deepening financial crisis. The Consumer Price Index was up to 17.9 per cent in August compared to the same month last year, the Turkish Statistical Institute said. Inflation figures for July were [...]
Argentina to make fresh cuts in bid to save peso September 3, 2018 Argentina is expected to outline cuts today in a bid to stabilise the sliding peso. The currency's value has declined more than 50 per cent this year, and stood at 36.90 against the dollar this morning. President Mauricio Macri is also under pressure to reverse his policy of cutting farm export taxes, and a reduction in the [...]
Petrol station merger could drive up fuel prices, watchdog finds September 1, 2018 Motor Fuel Group's (MFG) takeover of petrol station supplier MRH could drive up prices, the competition watchdog has found. An investigation by the Competition and Markets Authority (CMA) said the merger could increase fuel prices at 29 locations across the UK. Read more: Petrol prices soar to four-year high on back of weak pound Competition provided [...]
Billionaire Anders Povlsen to back p2p lender Funding Circle IPO September 1, 2018 One of Britain's biggest landowners is set to buy a shareholding in peer-to-peer lending platform Funding Circle when it floats this Autumn. Danish billionaire Anders Povlsen who also owns stakes in fashion retailers ASOS and Zalando, will buy at least 10 per cent of the company up to a value of £1.65bn, Sky News reported. Read more: The [...]
World’s biggest trade deal agreement set for November September 1, 2018 A agreement on the world's biggest trade deal will be made in November, according to Singapore's trade minister. A broad deal on the Regional Comprehensive Economic Partnership (RCEP), which includes the 10 members of the Association of Southeast Asian Nations, Austrailia, India, Japan, South Korea, New Zealand and China will be made at a mid-November summit [...]
Tickets purchased through Viagogo rendered invalid at festival September 1, 2018 Ticket reselling platform Viagogo has hit a further hurdle after a music festival banned tickets sold through the website. The latest blow comes the day after the Competition and Markets Authority launched legal action against the site after it failed to make required changes. Read more: The competition watchdog is taking Viagogo to court Tickets purchased [...]
Britain unable to protect waters after Brexit, claims ex-Royal Navy chief September 1, 2018 Britain will not have enough ships to patrol its waters after leaving the European Union, according to the former head of the UK's naval staff. Ex-First Sea Lord, Labour peer Lord West of Spithead, warned that the country has "insufficient ships" to protect its Exclusive Economic zone days after a "scallop war" broke out between [...]
Giant bikini-clad Sadiq Khan balloon flies over London in response to baby Donald Trump blimp September 1, 2018 A giant bikini-clad balloon of London mayor Sadiq Khan was flown over the capital this morning. A crowdfunding campaign raised almost £60,000 for the stunt, which was in response to a similar balloon of Donald Trump wearing a nappy that was lifted when the US president visited the UK in July. Read more: Meet the [...]
