Andy Burnham pledges ‘cost £63bn’ – and tax ideas could backfire July 30, 2026 A series of tax cuts and spending pledges proposed by Andy Burnham and John Healey could cost the government up to £63bn by 2030, new analysis has shown. Promises on defence, social care and council housebuilding could leave the Chancellor facing a bill of between £46bn and £63bn by the end of the decade, which [...]
KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset) July 29, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes issued by Barings Euro Middle Market 2024-1 (Reset), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of middle market corporate loans. The original transaction closed on 16 December 2024 as a static CLO. This transaction refinances the original CLO by [...]
Everest Reports Second Quarter 2026 Results July 29, 2026 Annualized 14.2% Net Income ROE and 14.9% Net Operating Income ROE Annualized Total Shareholder Return of 16.8% $559 million of Net Income and Combined Ratio of 92.0% $317 million of Underwriting Income and Combined Ratio of 90.0% from our Core Businesses* Repurchased $395 million of Common Shares During the Quarter
Investors – and fans – should welcome Fifa’s $20 billion World Cup stake sale July 29, 2026 Ignore the outcry, Fifa’s plans to sell a minority stake in the World Cup will make international football more transparent and accountable and raise huge sums to develop the game, says Chad Teixeira Football’s governing bodies agree on almost nothing, so when UEFA announces that the World Cup “isn’t Fifas to sell”, it’s worth asking [...]
Is Ferrari’s first EV already a collectable? July 29, 2026 The first Ferrari Luce production car will be sold by RM Sotheby’s during Monterey Car Week, with proceeds supporting the Ferrari Foundation. The very first Ferrari Luce production car will be auctioned by RM Sotheby’s during Monterey Car Week, with the auction house valuing the electric Ferrari at more than £800,000. The car is significant [...]
Jacob Parsons Appointed Global CEO of Indicium AI July 29, 2026 Indicium AI has announced the appointment of Jacob Parsons as Global Chief Executive Officer. Jacob will lead delivery of the company’s global strategy, with a particular focus on building the business in the United States, the single biggest growth opportunity for the company as enterprises across every industry race to put frontier AI into production. [...]
Grant Thornton set for $5bn CBIZ buyout in landmark accountancy deal July 29, 2026 Grant Thornton is set to buy New York-listed management consulting firm CBIZ in a proposed $5bn deal, one of the largest transactions of its kind in the accountancy sector, creating the fifth-largest professional services firm in the US. CBIZ, the only audit firm listed on the US stock market, is set to be acquired by [...]
Wind Point Partners Announces Final Close of Oversubscribed Fund XI at $3.2 Billion July 29, 2026 Wind Point Partners (“Wind Point”), a leading Chicago-based private equity firm, today announced the successful closing of its latest fund, Wind Point Partners XI (“Fund XI” or the “Fund”). Fund XI was oversubscribed and exceeded the hard cap, with total commitments of $3.2 billion. This amount includes significant commitments by the General Partner and members [...]
‘Difficult decisions’ – Burnham looks at new tax on workers to fund social care overhaul July 29, 2026 Andy Burnham has pleaded for opponents to engage in a cross-party discussion over sweeping adult social care reform as he warned that “difficult decisions” would have to be taken to fund the plans. In a press conference from a Jewish care centre in North London, Burnham indicated he wanted social care to be funded on [...]
Smurfit Westrock Reports Second Quarter 2026 Results July 29, 2026 Smurfit Westrock plc (NYSE: SW) today announced the financial results for the second quarter ended June 30, 2026. Key Points: Net Sales of $8,031 million Net Income of $88 million, with a Net Income Margin of 1.1% Adjusted EBITDA1 of $1,140 million, with an Adjusted EBITDA Margin1 of 14.2% Net Cash Provided by Operating Activities [...]