Healey’s headroom ‘could be wiped out by Iran war’ October 5, 2026 Chancellor John Healey’s fiscal headroom could be entirely wiped out by the impact of the war in Iran as economists said the Office for Budget Responsibility could offer a more pessimistic view on the UK economy. A central fiscal forecast by analysts at EY suggests that the Chancellor’s buffer against a borrowing target has fallen [...]
Britain’s second richest person leaves for Monaco amid tax bite October 4, 2026 Britain’s second richest person has left Britain for Monaco where billionaires can avoid paying income tax, inheritance tax or capital gains tax, according to reports. David Reuben, who also partly owns Newcastle United alongside Saudi Arabia’s Public Investment Fund, is joining his brother Simon in the principality, The Sunday Times reported. The two brothers were [...]
KBRA Assigns Preliminary Ratings for RRE 11 Loan Management DAC (Reset) October 2, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of refinancing Notes issued by RRE 11 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 11 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral [...]
G7 agrees to release diesel reserves after crisis meeting October 2, 2026 Leaders from the G7 have agreed to tap into 100m of diesel and oil from their reserves in a bid to stave off a soaring supply crisis and end an escalating feud between the Euope and the US. The club of wealthy democracies said on Friday that they would work with the International Energy Agency [...]
Price pressures hit firms amid uncertain outlook and fears of interest rate hikes October 2, 2026 Firms’ inflation expectations for the next 12 months rose higher, according to closely watched Bank of England survey, the results of which could pile pressure on policymakers to raise interest rates. The Bank’s monthly survey of firms’ price expectations, the Decision Makers’ Panel, showed price expectations becoming more jittery as costs from the energy price [...]
Wetherspoon boss attacks Labour for ‘high street dereliction’ as profit falls October 2, 2026 Pub chain Wetherspoon has hit out at the government for causing “high street dereliction” by hiking taxes, as the company’s profit slipped by a quarter. The London-listed pub group saw revenue jump by five per cent to £2.2bn in the year to July – in line with analyst forecasts – though pre-tax profit fell further [...]
UL Solutions Inc. Completes Acquisition of Eurofins Scientific’s Electrical & Electronics Business October 1, 2026 UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced it has completed the acquisition of the electrical and electronics (E&E) business of Eurofins Scientific SE. “This acquisition extends our 132-year commitment to our mission of working for a safer world,” said President and CEO Jennifer Scanlon. “We are thrilled to [...]
KBRA Releases Research – European CLO Manager Style Comparisons: September 2026 Update October 1, 2026 KBRA releases a report comparing European broadly syndicated loan (BSL) collateralised loan obligation (CLO) managers across a KBRA-defined set of standardised portfolio metrics, including credit quality as measured by KBRA Weighted Average Rating Factor (K-WARF), weighted average spread (WAS), equity returns, leverage, and collateral characteristics. The analysis covers 67 managers across 767 BSL transactions, representing [...]
Moody’s Analytics and Allvue Launch Credit Risk Model to Identify Early Signs of Borrower Stress in Private Credit October 1, 2026 Moody’s Analytics EDF-X Private Credit Model, powered by Allvue data, gives investors and lenders an earlier view of borrower stress in a rapidly growing market
The huge costs facing Andy Burnham – and the financial tightrope he must walk October 1, 2026 Andy Burnham said he didn’t set out to deliver a “tub-thumping conference speech” but it was packed with huge pledges to take control over utilities and expand the state. Maurício Alencar considers just how costly his promises are in the long term – and in the next month. Andy Burnham had all the goodies for [...]