From soldier fly farms to making crypto ‘not feel like crypto’ October 25, 2022 Remi Tuyaerts of Alluo Finance meets Jillian Godsil to discuss growing mushrooms and making crypto 'appeal to the average Joe'.
Insurance sector’s hard-nosed approach sees surge in High Court battles October 25, 2022 A hard-nosed approach towards paying out on policies, particularly in relation to Covid-19 business interruption claims, has led to a surge in lawsuits being filed against the UK’s insurers, new research shows. The number of High Court lawsuits filed against insurance companies more than tripled between 2017 and 2021, as policyholders increasingly resorted to legal [...]
Pendragon expects vehicle shortfall to spill into 2023 as profit slumps October 25, 2022 Pendragon expects current vehicle shortfalls to spill into 2023, as its profit slumped by 41 per cent. In the three months ended 30 September, the UK dealer’s underlying profit before tax was £14.7m – down on last year’s £25.1m – due to the impact of inflation and rising interest rates. Used car volumes were slumping [...]
The UK now has a crypto-friendly Prime Minister in Rishi Sunak October 24, 2022 Despite the economic gloom, crypto investors are going to be cheered by the arrival of Sunak at Number 10, says Nigel Green.
Shell could start profit slowdown as Labour pushes to expand windfall tax October 24, 2022 The historic profit run from oil and gas titans is expected to slow down this week, when Shell unveils its latest results.
Property lawyers should prepare for 2008-style crash, regulator says October 24, 2022 Property law firms should ready themselves for a “significant fall” in work as a result of a downturn in the UK’s real estate sector, the industry regulator has said. The Council for Licensed Conveyancers (CLC), which regulates conveyancers and property solicitors, said firms should prepare for a reversal of the past decade’s boom as economic [...]
UK headed for ‘deep recession’ on political turmoil and soaring interest rates October 24, 2022 The UK could be hurtling toward a “deep recession” caused by a mixture of political turmoil and soaring prices forcing the Bank of England to hike interest rates steeply, a closely watched survey out today reveals. Britain’s private sector economy shrank sharply this month, with contraction rates returning to levels last seen in January 2021 [...]
Exclusive: How London’s prime property financing space weathered Brexit, Covid and market mayhem October 24, 2022 Prime property finance is experiencing a boom in demand but battling falling prices. Yet, as the most resilient part of the market shows it can insulate itself from Brexit, the pandemic and current financial woes. While not immune from external shocks, its ability to recover faster than the rest of the industry makes it a [...]
Terra Firma boss says UK may need bailout from IMF and now ‘sick man of Europe’ due to Brexit deal October 24, 2022 A leading investment chief has predicted the UK may need a bailout from the IMF and is now the “sick man of Europe” because of the way Brexit was negotiated. Guy Hands, founder of private equity firm Terra Firma, said the UK’s investment landscape was bleak and the Conservatives “not” fit to run the country. [...]
Strong and certain regulatory regimes are the backbone of investment in London October 24, 2022 If you have seen the movie “Wolf of Wall Street”, you will remember when the main character starts selling stocks in “Aerotyne International”: he claims it to be a cutting-edge high-tech firm, but in reality it is a workshop in a garden shed.