US plunges into technical recession as rest of world braces for similar fate July 28, 2022 The US economy has plunged into a technical recession in a sign of things to come for the rest of the world, figures published today revealed. The American economy unexpectedly shrank 0.9 per cent in the three months to June, marking the second successive quarter the economy has contracted, meeting the common definition of a [...]
The White House’s Zoom: Neat video platform opens its London office following £472m valuation February 7, 2022 Neat, the immersive video conferencing software backed by Zoom and used by the US President, has opened a new office in London, as it hits a $640m (£473m) valuation and embraces hybrid working in the UK.
Sureserve Group revels in rebounding revenues following M&A spree January 25, 2022 Sureserve has rebounded strongly from challenging pandemic conditions with a 24.7 per cent boost in revenues.
UK house prices jump unexpectedly in August September 1, 2021 UK house prices jumped unexpectedly in August driven by strong demand for homes in the lower segment of the market, according to new figures released today. Data from Nationwide shows house prices rose 11 per cent annually in August, up from July’s 10.5 per cent increase. The shock rise is likely being driven by the [...]
London tie-up: Liontrust acquires Majedie Asset Management for up to £120m December 7, 2021 Liontrust Asset Management said this morning that it has agreed to acquire its London peer Majedie Asset Management, in the latest example of a trend of consolidation in the industry. FTSE 250 boutique firm Liontrust said it will pay an initial £80m for Majedie, plus an additional deferred consideration of up to £40m. Due for [...]
Government weighs up plans to float Channel 4 on the stock market April 10, 2022 Culture secretary Nadine Dorries is considering plans to list Channel 4 on the stock market as an alternative to selling it to a rival broadcaster. Officials in the Department for Digital, Culture, Media & Sport (DCMS) are working with JP Morgan on plans to float the TV network in London, after Dorries set out plans [...]
Asparagus season: How to cook it like a pro March 22, 2023 Asparagus season came nine weeks early this year, so now is a great time to get stuck into one of the great British veggies. This simple but delicious recipe from Paul Ainsworth brings out the best in the asparagus and will be a sure-fire hit if you serve it for guests. Wye Valley Asparagus, Seaweed [...]
John Glen: How I’m going to reform EU’s Solvency II post-Brexit February 25, 2022 This government has been clear about its vision for turning the UK into the most open and dynamic financial services sector on the planet. We understand the crucial contribution the sector already makes to this country and are determined, post-Brexit, that it fulfil its huge potential. A big part of that will be about unleashing [...]
£12m in remortgages and drawdowns every single day: Homeowners release record £4.4bn in property wealth January 19, 2022 Older homeowners released a record £4.4 billion in property wealth last year at a rate of more than £12 million a day as customers helped family and secured their own finances by repaying debt or remortgaging existing borrowing, according to new data. Around one in five equity release plans (19 per cent) taken out in [...]
It’s official: Coronavirus killed UK house prices’ Brexit recovery April 22, 2020 Signs of recovery in UK house prices at the start of the year have been brought to an abrupt halt by the coronavirus crisis. Figures from the Land Registry and the ONS show inflation fell back to 1.1 per cent in February after climbing to an eight-month high of 1.5 per cent in January. The [...]