UK economy’s rebound fails to stem two years of mass job losses August 21, 2026 A rebound in the UK economy over August has failed to turn around the country’s flagging labour market after nearly two years of job losses, new estimates have shown. Data tracked by S&P Global suggested the UK’s private sector grew at the fastest pace in four months in August despite concerns around business costs and [...]
Meet the Destrier, Bugatti’s most extreme one-off yet August 21, 2026 The Bugatti Destrier is a one-off hypercar based on the track-only Bolide, with a 1,577bhp W16 engine, bespoke styling and a luxury interior. Bugatti has revealed the Destrier, a one-off hypercar that combines the extreme engineering of its track-only Bolide with the craftsmanship of a bespoke grand tourer. The latest commission from Bugatti’s Solitaire programme [...]
KBRA Assigns Preliminary Ratings to Sona Aclai CLO I DAC August 20, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of Notes issued by Sona Aclai CLO I DAC, a multicurrency European cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of both broadly syndicated loans (BSLs) and private credit middle market (MM) loans. Sona Aclai CLO I DAC is managed by Sona Asset [...]
Prince Harry braces for eye watering legal bill after Daily Mail defeat August 20, 2026 The litigation costs Prince Harry and a group of six other household names will have to pay the Daily Mail’s publisher are set to be decided on Friday after the group lost their high-profile phone-hacking case. The celebrity group waged a long-running legal battle against Associated Newspapers over allegations of illegal information gathering and phone [...]
Healey told tax rises for fiscal remedy are ‘not required’ August 20, 2026 Chancellor John Healey does not have to raise taxes to offer the UK economy “immediate remedial action” at the Budget, a top City economist has said. Panmure Liberum economist Simon French, who formerly worked at the Treasury, said the fiscal outlook for the government would be “broadly in the same position” as in the beginning [...]
Standard Life partners with Goldman Sachs and CVC to fuel pension risk transfer business August 20, 2026 Standard Life has struck a deal with a group of global finance giants including CVC and Goldman Sachs in a bid to accelerate its push into the booming pension risk transfer market. The FTSE 100 group has joined forces with a CVC-led consortium, which also includes insurer Prudential, to commit as much as £2bn over [...]
‘Alice in Wonderland’ workspace firm lands £129m Aberdeen-backed finance August 20, 2026 A luxury workspace provider whose offices feature novelty themes like Alice in Wonderland and Monopoly has landed a £129m refinancing package. Office Space in Town (OSiT) has bagged a new debt package which includes around £72m in backing by leading asset manager Aberdeen, City AM has learned. OSiT operates 225,000 sq ft of flexible office [...]
Experian Brings Personalised Credit Scores to ChatGPT in a UK First August 20, 2026 Upgraded Experian app in ChatGPT now shows users their personalised 1250 Experian Credit Score, score history and a breakdown of what goes into a credit score Launch marks the next step in Experian's strategy to engage with the public and promote financial health via new channels
Xceedance Appoints Insurance and Technology Executive Adrian Spieler to Board of Directors August 19, 2026 Xceedance, a global provider of technology-driven business solutions for the insurance industry, today announced the appointment of Adrian Spieler to its Board of Directors, effective immediately. Spieler brings more than 30 years of experience across reinsurance, insurance, and asset management to the Xceedance board. He has served as Chief Operating Officer at Convex Insurance, a [...]
EIG Geothermal Catalyst Partners Completes Inaugural Investment August 19, 2026 Investment in Power Planet supports development of the Star Peak project and a broader portfolio of EGS projects