Quilter inflows shoot up as platform business booms October 16, 2024 Investors poured millions into Quilter during the last quarter, with the wealth manager bringing in £1.4bn of new business over the last three months. All arms of the business saw elevated levels of cash being deposited into them by investors, pushing group assets under management and administration to a total of £116.2bn. In a trading [...]
Ahead of the Game: Manchester City row delays EFL New Deal October 16, 2024 Manchester City’s ongoing legal battle with the Premier League has dealt another blow to EFL clubs, who are fearful of further delays over reaching an increased funding settlement from the top-flight which was billed as the so-called New Deal for Football. The Premier League was pushing its members to agree an £836m package for the [...]
I saw inside an AI-powered Amazon warehouse – here’s what I thought October 16, 2024 Last week, I got a behind-the-scenes look at one of Amazon’s new AI-powered warehouses, in what felt like a glimpse into the future. Inside the 3.5m square foot facility in Nashville, Tennessee, Amazon was finally unveiling the fruits of its AI strategy, revealing a fleet of new AI-powered robots and tools designed to increase efficiency [...]
The Notebook: Starmer should spend more time on Linkedin October 16, 2024 Sir Keir Starmer should spend more time clicking away on the world’s most insincere website, according to Michael Martins, founding partner of Overton Advisory Starmer should spend more time on LinkedIn Labour’s first successful International Investment Summit under Prime Minister Starmer yesterday has garnered all the right headlines. Tens of billions of pounds in investment [...]
Ainslie can draw on 2013 America’s Cup to inspire Ineos Britannia October 16, 2024 In the early afternoon of 18 September 2013 – 4,046 days ago – Team New Zealand crossed the finish line in San Francisco Bay 15 seconds ahead of Oracle Team USA and took an 8-1 lead in the America’s Cup. The sailing contest has no prize money on the line – it is a rich [...]
Reeves looks to charm small business amid tax backlash October 15, 2024 Rachel Reeves has mounted a charm offensive on small business owners this evening after a furious backlash against rumoured plans to hike capital gains tax and national insurance at the Budget this month. At a summit of executives and start-up founders in Downing Street, the Chancellor is expected to bang the drum for more investment [...]
Joy at London Film Festival review: this Netflix sob-fest with Bill Nighy is unmissable October 15, 2024 Joy film review and star rating from the London Film Festival: ★★★★☆ Thomasin McKenzie does a spiffing impression of Renée Zellweger as Bridget Jones in Netflix’s Joy. Whenever there’s bad news, she scrunches up her face like an enraged toddler, like Zellweger does when either Colin Firth or Hugh Grant do the dirty on her. [...]
Centrica-backed Highview Power announces major investment into new power plants October 15, 2024 Highview Power, an energy provider backed by British Gas owner Centrica, has announced a major investment into new power plants to help the UK achieve its net zero goals by 2030. The announcement comes following the launch of the Department for Energy Security and Net Zero’s (DESNZ’s) new investment support scheme last week. Highview Power, [...]
Oil prices slide on Israel vow to avoid Iran refineries with retaliation October 15, 2024 Oil prices tumbled by over four per cent on Tuesday after soft economic readings from China and reports that Israel has assured the US it would avoid oil and nuclear facilities in its expected retaliation on Iran. The price of Brent crude dropped 4.4 per cent – or $3.42 (£2.61) a barrel – and WTI [...]
IMF predicts global debt to surpass $100 trillion this year October 15, 2024 In its latest fiscal monitor, the international fiscal watchdog said that public debt had spiralled post-pandemic, as governments increasingly embraced spending to stimulate economic growth.