Golfers can play for brand value at Olympics and Ryder Cup, not a pay cheque October 5, 2023 This week’s Ed Warner column looks at the Patrick Cantlay “pay or no pay” discussion and how Olympians can only dream of being in a situation where they don’t need payment to compete at the highest level. Can those Ryder Cup golfers simply increase their brand value by rubbing shoulders with Olympians in Paris next [...]
Revolut comes one step closer to UK licence after entering deal with SoftBank October 4, 2023 Fintech Revolut has moved one step closer to securing a UK banking license, as it signed a share deal with its Japanese investor SoftBank to break down a major barrier. The Bank of England ordered Revolut to collapse its six classes of shares into one as a requirement for a full licence, the Financial Times [...]
Prime London Housing market holding up against backdrop of high interest rates October 4, 2023 The prime property market in London appears to be holding up relatively strongly in the face of rising interest rates, according to an index. House prices in prime central London in the third quarter of 2023 were typically 1.2 per cent lower than a year earlier, estate agent Savills reported. Property values across London’s prime property market generally were down by 2.1 per cent annually in the third quarter of this year. [...]
Taxes have never been so high but it’s still not enough for some October 4, 2023 While tax levels reach a historic highs and public spending soars, public sector workers are striking for more pay. Paul Ormerod argues that we've forgotton who pays for those salary increases.
Brookfield snaps up UK onshore wind developer in reported $1bn deal October 3, 2023 One of the UK's largest renewable developed has been snapped up by Brookfield in a boost to the country's onshore industry.
The traditional financial system is broken – Bitcoin fixes this October 3, 2023 In an era of fiscal uncertainty, the need for sound money, like Bitcoin, becomes ever more critical, says Susie Violet Ward.
Insurers to face Bank of England’s ‘dynamic’ stress tests from 2025 October 3, 2023 Insurance firms will be subject to "dynamic" stress tests from 2025 as the regulator seeks to ensure the sector remains financially secure in the face of major regulatory changes.
London business confidence stalls as concerns around inflation remain for firms October 3, 2023 Easing inflation has failed to improve business confidence in London, with just a quarter of firms anticipating the capital's economy to improve over the next year.
Prime minister ‘should be able to fire’ Bank of England governor: Top Tory October 2, 2023 The Prime Minister of the day “should be able to fire the governor of the Bank of England”, Lord David Frost has said.
London house prices fall 3.8 per cent in third quarter in ‘subdued’ market October 2, 2023 The cost of a home in London has fallen annually by 3.8 per cent in the three months to September, narrowing from a 4.3 per cent fall in the previous quarter, as the housing market shows signs of remaining fairly subdued despite cooling inflation. According to Nationwide’s latest report on the market, house prices were [...]