London Metal Exchange faces legal action over trading in ‘dirty metals’ February 8, 2024 The London Metal Exchange (LME) is set to defend itself after legal action was filed in the English High Court by eco groups over it “trading in dirty metals”. Global Legal Action Network (GLAN), along with the London Mining Network, are arguing that by enabling the global sale of ‘dirty metals’, LME is breaching UK [...]
London Westfield owner looks to Paris Olympics for sales boost February 8, 2024 Westfield mall owner Unibail-Rodamco-Westfield (URW) believes the Paris Olympics will boost sales in 2024, with a number of its Viparis convention venues hosting events during games.
Is the US heading towards another regional banking crisis? February 8, 2024 US regional banks are back in the headlines amid fears that very recent history is repeating itself.
Knight Frank ditch Middlesex cricket in blow to cash-strapped club, reports February 7, 2024 Middlesex have suffered a major blow ahead of the new County Championship season with main sponsor Knight Frank terminating their contract a year early. It adds misery to a club who are cash-strapped, having posted losses of £950,000 in their 2021 accounts and who have seen dwindling cash reserves. The club yesterday announced they were [...]
‘Barratt Redrow’ merger to highlight investors’ skewed opinions on UK housing market February 7, 2024 Shares in major FTSE 100 and 250 housebuilders suffered a mixed day so far on the London market, as Barratt Developments' surprise £2.5bn megamerger with Redrow highlighted investors' skewed opinions on the state of UK housing.
UK investors pumped £2bn into equity funds in January – the highest in three years February 7, 2024 UK investors added over £2bn to equity funds over January, the highest level since April 2021, according to Calastone’s Fund Flow Index. The £2bn was the eighth strongest month for equity inflows on record since Calastone began recording the data nine years ago, and was credited to a “distinct surge in buying interest”, as buy [...]
Barratt sinks and Redrow jumps after £2.5bn megamerger announced February 7, 2024 Two of Britain's leading homebuilders, Barratt and Redrow, have announced a merger agreement worth £2.5bn.
Year of the Dragon: Why investors have soured on China’s economic prospects February 7, 2024 China has powered global growth for decades, but as the year of the dragon begins, has the country still got its fire? Elliot Gulliver-Needham reports
UK housing market: Borrowers weigh up taking the plunge, or waiting for rates to fall further February 7, 2024 After a torrid year, the outlook for the UK’s property market is poised to improve. A number of reports have suggested that house prices will continue to drop, which will hopefully help more would-be-buyers finally get on the housing ladder, even if this negatively impacts those who already have property, and want to see its [...]
House prices rise for fourth month in a row as 2024 starts with a bang February 7, 2024 House prices rose by 1.3 per cent in January, marking the fourth monthly rise in a row, according to the latest reading from Halifax.