Squarepoint commits £430m to huge London office move after profit soars June 8, 2026 One of London’s biggest investment firms has committed £430m to a major office move as the firm doubles down on its presence in the Square Mile. Squarepoint Capital, which was previously a subsidiary of Barclays before being spun off in 2014, is set to move to a redeveloped 400,000 square foot, 12-storey office on Gresham [...]
On this day: Britain’s first banking crisis June 8, 2026 On 8 June 1772 Alexander Fordyce, a partner at Neale, James, Fordyce and Down absconded to France to escape crippling debts caused by a sharp rise in shares in the East India Company, writes Eliot Wilson As 1772 opened, Alexander Fordyce seemed like a wealthy and successful man. He was 42 years old, a partner [...]
Pockit taps shareholders for £13.4m after losses quadruple June 8, 2026 Pockit has raised £13.4m from shareholders as it seeks to plug growing losses following its acquisition of London fintech Monese. The firm, which offers pre-paid cards to customers without the need for a credit check, said it completed the raise in May 2026 from venture capital investor Concentric as well as Shore Capital-owned investment firm [...]
Burnham vows to cut the price of a pint as he turns on Labour tax rises June 6, 2026 Andy Burnham has launched a major policy intervention of the Makerfield by-election campaign with a pledge to cut business rates for pubs and ease the tax burden on small businesses, marking a clear break with Keir Starmer’s government. The Greater Manchester mayor said Labour had “got it wrong” on small businesses as he unveiled plans [...]
Andy Burnham ducks ‘fiscal rules exam’ despite pledge to stick to them June 6, 2026 Andy Burnham refused to explain Labour’s fiscal rules on Friday, despite insisting he would stick to them if he entered Downing Street, raising questions over the economic strategy underpinning his growing leadership bid. The Greater Manchester Mayor, who has spent months positioning himself as Labour’s most prominent alternative voice, was challenged to explain the government’s [...]
London house prices fall as Bank of England rate hikes loom over mortgage market June 5, 2026 Fresh insight into the UK’s lacklustre housing market revealed price declines for London and the South East on Friday, while the overall national rate of increase halved for May The closely-watched Halifax House Price Index was released with mortgage holders and would-be home buyers eyeing interest rate rises from the Bank of England (BOE). The [...]
Place your bets: Will Starmer stay in No 10 longer than England stay in the World Cup? June 4, 2026 He’s faced a difficult few weeks amid mounting scrutiny over his team selection and doubts over his wider strategy after a string of poor performances. If England bow out at this summer’s World Cup, will he survive? No, we’re not talking about team manager, Thomas Tuchel, but the beleaguered Prime Minister Keir Starmer. It’s been [...]
In 23 months Labour has dragged the UK economy to its knees June 4, 2026 Reading our interview with billionaire John Caudwell, in which he says he was “misled” by Labour’s pitch for power, I’m reminded of just how unambiguous Keir Starmer and Rachel Reeves were in the run-up to the 2024 election. They promised to be “the most pro-business government this country has ever seen.” Some of us were [...]
Debenhams shares boom as long-awaited turnaround bears fruit June 3, 2026 Debenhams shares soared after the fast-fashion retailer returned to growth, in a suggestion that the firm’s long-awaited turnaround is beginning to take hold. The firm, which is listed on the AIM market as Boohoo, said on Wednesday that its sales were up by 0.5 in the first three months of this year, prompting its shares [...]
Billionaire Labour backer John Caudwell: I was misled by ‘disastrous’ Starmer June 3, 2026 Billionaire John Caudwell has said he was “misled” by Keir Starmer’s Labour Party and revealed that he hopes to once again back the Tories at the next election. The entrepreneur and philanthropist said there is “no chance” of him voting Labour at the next election, which he says the government is bound to lose. Labour [...]