The era of cheap money is coming to an end – markets aren’t ready February 24, 2026 The era of historically cheap money is ending, forcing a potentially permanent adjustment to higher equilibrium interest rates that will challenge financial markets and government finances built on past assumptions, says Damian Pudner For almost a decade until the pandemic, financial markets priced money as if it would remain cheap indefinitely. Governments borrowed freely, financial [...]
Revolut: Inside Nik Storonsky’s $75bn fintech empire still waiting for its crown February 24, 2026 In Revolut’s shiny new Canary Wharf headquarters, the command ‘Get Sh*t Done’ is bolted onto the walls. The unconventional office mantra is a stark reminder of co-founder Nik Storonsky’s acerbic, straight-talking manner that has kept the gas pumping at the UK’s most valuable fintech since it opened for business in 2015. “Whenever a target is set, [...]
Private equity run of barren returns worse than in run-up to 2008 February 23, 2026 Private equity funds returned fewer profits to investors for a record fourth year running in 2025, according to a report from industry juggernaut Bain & Co which warned that fundraising for new funds had become a “slow and difficult slog”. Distributions as a percentage of net asset value (NAV), which denotes how much private equity [...]
Three more interest rate cuts could come, Bank of England official says February 23, 2026 The Bank of England could make three more interest rate cuts in order to reach its neutral level as inflation drops back to two per cent over the coming year, a Monetary Policy Committee member has suggested. Alan Taylor, an external member who has consistently voted for larger interest rate cuts over the past year [...]
This working farm is Devon’s most luxurious new hotel February 23, 2026 Fancy farm retreats have become all the rage, helping urbanites reconnect to the land in luxury. Fowlescombe Farm, a regenerative farm in south Devon, adds to this list in style. The hotel, which opened last May, pulls off an impressive balancing act. It is at once luxurious and low-key. Both homely and stately. Located about [...]
Nadhim Zahawi joins equity group piling £1bn into Mayfair hotels February 23, 2026 Former Tory chancellor Nadhim Zahawi has joined the board of an investment firm piling £1.1bn into two luxury Mayfair hotels. Evolution Investment Fund, based in the British Virgin Islands, has acquired a long leasehold interest in the London Marriott Hotel in Grosvenor Square and a luxury hotel development site in New Bond Street. The fund, [...]
LRN Welcomes Jean Brody as Chief Marketing Officer February 23, 2026 Brody’s appointment marks LRN’s third C-Suite addition in recent months, signaling organizational and leadership growth
Schroders chief executive vows to keep Cazenove Capital February 23, 2026 Schroders’ chief executive has vowed that the company will retain its wealth management business following its £9.9bn takeover by US fund manager Nuveen. Richard Oldfield’s pledge comes after days of speculation surrounding the future of the wealth manager, driven by minimal detail on how it would be integrated into the business in its announcement just [...]
Compass Pathways Announces Pricing of $150 Million Public Offering February 23, 2026 Compass Pathways plc (Nasdaq: CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation, announced today the pricing of its public offering of 17,500,000 American Depositary Shares (“ADSs”) at a public offering price of $8.00 per ADS, each representing one ordinary share, and in lieu of ADSs, to certain institutional investors, pre-funded warrants [...]
This ski holiday high in the Swiss Alps has serious Wes Anderson credentials February 23, 2026 #The Jungfrau region of Switzerland’s Bernese Oberland is home to some of the Alps’ finest skiing and most historic runs. Other destinations offer fashion parades of vintage furs, nightclub ceilings dripping with Dom Perignon, and truffled pizzas at £100 a pie. That’s not what you’ll find here. This is the anti-Zermatt, where après ski is [...]