Amex freezes pension payouts for thousands of Brits for tenth year April 1, 2024 American Express has sparked criticism for freezing pension payments for thousands of former British employees for the tenth year in a row.
UK firms move more head office roles outside London amid soaring costs April 1, 2024 UK companies are increasingly moving head-office jobs outside of London, according to new data, amid rising living and housing costs in the capital.
Meet the fund managers: Valuing the human experience April 1, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Obe Ejikeme, manager of Carmignac Portfolio Human Xperience fund. How does your fund stand out from others in the same market? The Carmignac Human Xperience fund focusses exclusively on the importance of both [...]
Farewell transmission: Have interest rates worked to bring down inflation? March 31, 2024 While inflation has fallen from a peak of over 11 per cent to 3.4 per cent, unemployment stands at just 3.9 per cent having fallen in the second half of last year.
‘People got burnt’ the Rolex, Patek Philippe and Audemars Piguet luxury watch boom comes to an end March 30, 2024 The average price of a Rolex has fallen 8 per cent in the last twelve months to £20,768, while the average price of a Patek Philippe watch has fallen 14 per cent.
Could April’s minimum wage hike dent hopes of a June rate cut? March 29, 2024 The minimum wage will rise from £10.42 to £11.40 per hour, an increase of 9.4 per cent, in April. Will it push inflation higher?
Adnams: Alcohol giant names first female chief in its 150-year history March 28, 2024 Beer, spirits and hospitality group Adnams has hired its first female chief executive in its more than 150-year history.
UK economy: Disposable income climbs despite recession March 28, 2024 Despite a rise in disposable income, household expenditure actually fell as people replenished their savings accounts and paid down debt.
Hipgnosis lost millions due to inflated growth projections, independent valuation reveals March 28, 2024 Inflated growth figures and overvaluation of the music catalogues led Hipgnosis Songs Fund to lose hundreds of millions over the last few years, an independent valuation of the trust has revealed.
Pair handed suspended prison sentences for ‘systematic’ £3m mortgage fraud March 28, 2024 Two men have received suspended prison sentences for making £3m worth of fraudulent mortgage applications following a prosecution brought by the Financial Conduct Authority (FCA).