KBRA Releases Research – KBRA-Rated European CMBS Exposure to Wildfires in Spain and France July 28, 2026 KBRA releases research assessing the potential exposure of KBRA-rated European commercial mortgage-backed securities (CMBS) transactions to the ongoing wildfires in Spain and France. KBRA has not identified any collateral properties within active wildfire perimeters or mandatory evacuation zones, and no physical damage or operational disruption has been identified. The following KBRA-rated CMBS transactions have collateral [...]
Real Madrid break world record for sports team with £1bn revenue July 28, 2026 Real Madrid have claimed the highest operating revenue of any sports team in history after reporting income of more than €1.2bn for last season. The figure declared, €1.221bn, equates to £1.04bn and $1.36bn at current exchange rates and is a three per cent increase on the 2024-25 campaign. As such it surpasses the $1.23bn reported [...]
Hold interest rates but ‘sound hawkish’, City AM Shadow MPC tells Bank of England July 28, 2026 The Bank of England should hold interest rates on Thursday, City AM’s Shadow Monetary Policy Committee has said, after a string of economic data prints showed the threat of spiralling inflation had eased. The Shadow MPC – a group of economists compiled by City AM – said a series of economic data releases had suggested [...]
Morningstar Completes Rebrand of CRSP Market Indexes to Morningstar Market Indexes July 28, 2026 Indexes underpinning more than $3 trillion in investor assets move under the Morningstar brand, expanding visibility and supporting future growth
How can wealthy Scots save £46,000 on income tax? Commute from England July 28, 2026 Higher earners in Scotland could save more than £46,000 in income tax over five years by moving south of the border and commuting to work, according to a new analysis by Rathbones. The wealth management firm found that a resident earning £250,000 could pay £8,900 less income tax in the first year alone by relocating [...]
Student housing giant Unite faces £400m loss amid property value slump July 28, 2026 Unite Students has plunged to a more-than £400m loss after being hit by a £500m revaluation of its properties and “extremely challenging” building costs. The UK’s largest student landlord slumped to a £417m pre-tax loss in the six months to June, reversing a £186m profit the year before, as its earnings slipped by two per [...]
Britain has the lowest level of millionaires since the financial crisis – and that’s no accident July 28, 2026 The number of millionaires in Britain has sunk to its lowest level since the 2008 financial crisis. Rich residents aren’t just fleeing because of policy choices like high levels of tax and the removal of non-dom status, but also a cultural hostility to wealth, says James Lawson It is no secret that the wealthy and [...]
Number of British millionaires sinks to lowest level since financial crisis July 28, 2026 The number of millionaires in Britain has sunk to its lowest level since the 2008 financial crisis as rich residents flee the country due to punishingly high levels of tax and the removal of non-dom status, a fresh study has claimed. Some 442,000 millionaires were listed as residents in Britain in 2025, a seven per [...]
Burnham won’t be bold enough to make devolution shift the dial on growth July 28, 2026 Within a year of Cornwall abolishing the 45p additional rate of income tax and reducing corporation tax to 15 per cent, hundreds of entrepreneurs and businesses, including dozens of major financial and professional services firms, had relocated to the county. The influx of private sector dynamism delivered an astonishing economic boost to a region that [...]
Andy Burnham will find there is a limit to tax rises July 28, 2026 Since tax increases are constrained by adverse behavioral responses and public resistance, the government must prioritise improving long-stagnant public sector efficiency, says Paul Ormerod A brand new Cabinet is in place, with ministers eager to introduce new spending plans to demonstrate that they are making an impact. To pay for these, a range of potential [...]