Distressed commercial real estate debt outweighs reserves at six biggest US banks February 20, 2024 Commercial real estate has been an area of concern in the US for the last few years with the pandemic and the rise of flexible working denting office valuations.
Moving markets: Five things shaping the FTSE 100 today February 20, 2024 Asia stocks struggle despite China's interest rate cut, while Middle East tensions keep oil prices near three-week highs. Investors are focused on Bank of England's Bailey speech and Nvidia earnings.
Leaving interest rates on hold risks deepening recession, Haldane warns February 19, 2024 Leaving interest rates on hold for too long risks deepening the UK's recession, the Bank of England's former chief economist has said.
Hipgnosis launches legal action against its fund manager founder Mercuriadis February 19, 2024 Hipgnosis Songs Fund has launched legal action against its fund manager Hipgnosis Songs Management (HSM) and founder Merck Mercuriadis. The music royalties trust said that HSM had refused to protect it against potential liabilities from claims brought by former business partners of Mercuriadis that accuse him of stealing the idea for Hipgnosis in 2018. Mercuriadis [...]
Consumers shopping for insurance deals help Moneysupermarket to record revenue February 19, 2024 "The combination of high levels of premium price inflation and the cost-of-living squeeze resulted in high levels of search traffic with consumers seeking a better deal," the company said.
The Notebook: The City has to unite against the risks of generative AI February 19, 2024 The UK has opted to steer clear of AI-specific rules, leaving the onus on City businesses to determine how to use GenAI responsibly.
UK political disruption threatens £100bn infrastructure boost, insurers say February 19, 2024 Public sector bodies must given greater powers to ease the impact of "short-term political disruption” if top investors are to pump up to £100bn into UK infrastructure projects, a new report has warned.
Sir Adrian Montague: Chairman of Thames Water parent company Kemble quits February 16, 2024 He has also stood down as director of each of Kemble's subsidiaries, apart from TWUL and Thames Water Utilities Holdings Limited.
Londoners may have to wait 30 years or get a second job to buy a house February 15, 2024 A bleak picture has been painted for prospective buyers in London in 2024, as a number of reports suggest that affordability will remain an issue this year. London has remained the most expensive part of the UK to purchase a home, due to the high demand to live in the capital. Average house prices in [...]
Close Brothers faces uncertain future as FCA motor finance probe sparks crisis February 15, 2024 Close Brothers shares collapsed on Thursday after it cancelled its dividend for the current financial year and announced that 2025 payouts would be placed under review amid a City watchdog probe into motor finance - a major part of its business model.