Energy bills to rise further to help suppliers pay off bad debts December 15, 2023 Ofgem said it is proposing a one-off price cap adjustment of £16, equivalent to around £1.33 a month, to be paid between April 2024 and March 2025.
Make no mistake, the Bank of England is driving us into a deeper recession December 15, 2023 The Bank of England's inflexible remit is pushing the UK economy into a growth trap from which it will struggle to escape
Woodford compensation in sight after investors back controversial £230m scheme December 15, 2023 Burnt investors in Neil Woodford’s collapsed investment fund are on the cusp of compensation after they overwhelmingly backed a £230m redress scheme last night.
Recession red-flags but Brits still look set to splash the cash this Christmas December 15, 2023 Consumer confidence has increased amid Christmas cheer in a small but much-needed boost for retailers, figures show.
Cracks show in London property market as prime listings come out on top December 15, 2023 London property sales have slumped and rental growth has slowed, but listings above £5m are on a three-year streak as the top sector.
Jacob Rees-Mogg’s Somerset Capital didn’t fail because of his politics December 15, 2023 The demise of Somerset Capital, the London-based emerging markets boutique co-founded by ex-Brexit minister Jacob Rees-Mogg, has sparked concerns about how his divisive brand of politics might have played in its downfall. Back in 2018, Rees-Mogg faced probing questions when it emerged that Somerset Capital had launched a new fund in Dublin amid concerns about [...]
FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
London-based luxury retailer Farfetch in talks with Apollo: Reports December 14, 2023 Embattled luxury retailer Farfetch is reportedly in talks with private equity giants over a fundraising package. The London-headquartered firm is having a torrid time on New York’s public markets after announcing it wouldn’t publish third quarter results. Sky News’ Mark Kleinman reported that the firm is in talks with Apollo, amongst other players, as it [...]
Government spent £145m on private contracts for Covid inquiry December 14, 2023 The government has spent £145m on private contracts via the Covid-19 inquiry so far, new data has revealed.
ECB joins other central banks in holding interest rates, lowers growth forecasts December 14, 2023 The European Central Bank left interest rates unchanged as expected on Thursday and signalled an early end to its last remaining bond purchase scheme, wrapping up a decade-long experiment in hoovering up debt across the 20-nation euro zone.
