Labour smashes the “don’t mess with pensioners” rule September 9, 2024 Nothing in politics is more painful than the removal of a benefit to which the recipients have become accustomed. Successive Chancellors and Prime Ministers have discovered this, sometimes to their embarrassment and sometimes to their very great cost. Related to this first rule, comes another; don’t mess with pensioners. In fact, ‘not messing’ with them [...]
Meet the fund managers: Euro bond hunting with conviction September 9, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Neil Mehta, manager of the RBC BlueBay Investment Grade Euro Aggregate Bond Fund. How does your fund stand out from others in the same market? We embrace a truly active mindset unlike many [...]
Fed’s rate cut in the balance ahead of US inflation figures September 8, 2024 The figures come out a crucial time with the Fed preparing to cut interest rates for the first time since the pandemic.
University chief says £12,500 fees needed to support higher eduction sector September 6, 2024 A London vice-chancellor has suggested universities could need tuition fees of £12,500 to address the sector’s financial woes. Professor Shitij Kapur, the vice-chancellor and president of King’s College London (KCL), has said the “number to ask for” was between £12,000 and £13,000 – but warned institutions risked looking “out of touch” if they requested the [...]
The City needs a shake-up for Britain to attract the £1trillion it needs, warns Sir Nigel Wilson September 6, 2024 The UK must unlock a wave of cash from domestic pension funds and revamp the structure of its capital markets to attract the £1 trillion of investment needed to achieve its target growth rate over the next decade, a report by a City grandee has found. The Capital Markets of Tomorrow report, led by former [...]
How Asos’ post-pandemic debt led it to sell Topshop September 5, 2024 Three years after buying the British high street brands Topshop and Topman from Phillip Green’s collapsed Arcadia empire, Asos has said it will sell 75 per cent of its stake in the brands to a joint venture with Heartland. Asos bought the brands at a buoyant time for the company when its stock was near [...]
Water: Tougher regulation will attract ‘global investment’, Steve Reed claims September 5, 2024 Steve Reed has claimed that toughening up water regulation will “attract global investment” to rebuild the UK’s sewage and pipeline infrastructure. The environment secretary today insisted his efforts to reform the under-fire industry—including the threat of prison time for rogue water bosses—would create “growth and opportunity.” It comes after Reed unveiled the Water (Special Measures) [...]
Construction sector ‘turns a corner’ as housebuilding jumps September 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said the recovery in housebuilding was the "most notable development" in August.
Bank of England should take ‘measured approach’ to interest rate cuts after balanced survey September 5, 2024 The Bank of England’s survey covers prices charged across the whole economy, not just in consumer-facing firms.
Ornua Foods: Pilgrims Choice and Kerrygold maker churns up £500m UK sales September 5, 2024 Turnover at the UK division of Ornua Foods, the maker of Pilgrims Choice cheese and Kerrygold butter, surged to more than £500m during its latest financial year. The Staffordshire-headquartered arm’s sales totalled £523.8m in the year to 30 December, 2023, according to newly-filed accounts with Companies House. The figure comes after Ornua Foods reported a [...]