The Capitalist: Bunking off work and rationing at Christmas time December 19, 2024 Not turning up for work, an end to bonuses and mindfulness goes out the window: it’s the Christmas edition of The Capitalist Bunking off? That’s the festive spirit As the days and hours creep encouragingly towards that great long stretch of dead time we call Christmas, the topic of skiving off from work has become [...]
Why one US hedge fund is taking aim at the UK’s biggest investment trusts December 19, 2024 A shake up could be coming for the UK’s investment trust industry after US hedge fund Saba Capital launched a campaign to topple the boards of seven different companies yesterday. “Like the Ghost of Christmas Past, Saba has descended upon the investment trust industry, urging self-reflection,” said Shavar Halberstadt, analyst at Winterflood. There have been [...]
Bleak midwinter for the economy? It could be worse… December 19, 2024 The political and economy outlook for the UK may seem gloomy, but spare a thought for our European counterparts, says Tim Sarson It’s the last working week of 2024 for many of us. I’ll be switching off the laptop on Friday afternoon and packing up for what I hope is a restful Christmas break, give [...]
Honda and Nissan merger talks spark UK job fears December 18, 2024 Experts say the UK's unfavourable tax environment and declining automotive sector put it at greater risk as the industry consolidates.
BBC Match of the Day decision to cost bookies a triple payout December 18, 2024 The BBC will bash the bookmakers if, as expected, it names Kelly Cates, Gabby Logan and Mark Chapman as the successors to Match of the Day presenter Gary Lineker. Multiple betting firms offered markets on which host would replace Lineker when he vacates the hotseat after a quarter of a century in the job at [...]
Build a new town in London December 18, 2024 The government has committed to building new towns with at least 10,000 homes but where should they go? London is the obvious place, says Jonathan Seager If you were asked to picture a new town in England, what comes to mind? Some of the better-known settlements established in the mid-20th century may well feature – [...]
Audit watchdog swaps City of London for Canary Wharf’s Harbour Exchange December 17, 2024 The Financial Reporting Council (FRC) has revealed it's swapping its City office for Harbour Exchange in Canary Wharf
Wise shares bounce on ‘milestone’ Morgan Stanley payments deal December 17, 2024 Shares in Wise have jumped this afternoon after the London-listed fintech firm announced a “milestone” deal to handle foreign exchange payments for Morgan Stanley’s corporate clients. The money transfer firm said Morgan Stanley will become the first major investment bank to offer “high speed cross border” payments through its platform business, which provides payments infrastructure [...]
Budget sparks 13 per cent jump in business insolvencies December 17, 2024 The number of business insolvencies in England and Wales rose 13 per cent in November, as the impact of the Budget continues to hit firms hard. Experts have also warned that things are not going to get better, with April’s looming Employers’ National Insurance increase leaving firms in a “perilous position”. Nearly 2,000 firms went [...]
Exclusive Neil Woodford interview: who he blames for his fund’s collapse December 17, 2024 In his first interview in years, former star manager Neil Woodford makes it clear where he believes the blame for his collapsed fund lies.