Nationwide customers saved a further £10.6bn over the pandemic May 21, 2021 Customer deposited increased by £10.6bn throughout the pandemic, Nationwide said today, while remote working has made its workforce ‘more productive’ in the year to 4 April. With lockdown restrictions closing high streets and putting a pin in travel, Nationwide found deposits increased by double what they increased by in 2019, as customers stashed cash into [...]
Private equity groups circle UK pharmacy wholesaler September 2, 2024 HIG and Capvest have joined a line of private equity groups looking to buy the largest supplier of goods to British pharmacies, AAH Pharmaceuticals, from German private equity firm Aurelius. AAH has been put up for sale again only a few years after being bought by Aurelius in 2022, according to the Financial Times. The [...]
What does your postcode say about your taste in wine? May 7, 2021 The most popular wine in north and east London this year was the Picpoul De Pinet, Réserve De La Roquemolière. In south and west London, it was Comte De Provence Rosé, La Vidaubanaise. According to on-demand delivery service Wineapp, East Londoners order 15 per cent more red than white wine. West Londoners order 30 per [...]
London house prices drop near Tube stations as buyers shuffle priorities February 4, 2021 London house prices near Tube stations have dropped as buyers are less concerned about the length of their commute due to the shift to remote working during the coronavirus pandemic. Research published this morning showed that property prices close to a London Underground stop average £642,674, a drop of two per cent on the pre-pandemic [...]
British Business Bank working on plan to launch new £600m fund for UK startups February 5, 2024 The British Business Bank is set to invest hundreds of millions annually worth of pension savings into UK growth companies.
Musicmagpie eyes sale of business as value plummets November 20, 2023 Musicmagpie has failed to break into the US market with sales in the region plummeting from £18.4m to £14.7m in the first half of 2023.
City deals slump to post financial crisis low – but a wave of takeovers may be coming December 28, 2023 Dealmaking in the City cratered to its lowest level since the financial crisis this year as rising interest rates and economic jitters shook the market and dampened the appetite for deals.
No more Aperol Spritz? Fever-Tree sets out to shake up the spritz market May 13, 2024 Aperol Spritz, owned by Campari Group, has led the spritz market in recent years, but now Fever-Tree seems to be looking to chime in on the summer fun.
Grayscale’s GBTC distorts the ETF picture March 26, 2024 One of the primary drivers of crypto’s appreciation are easing monetary conditions. Last cycle, Covid-19 fiscal and monetary policy measures kicked off the bull market. Lower interest rates, furlough and stimulus checks, meant individuals had more time, and money, on their hands. Many chose to delve into financial markets with their additional resources. This was a perfect storm for the crypto market - growing nearly 28 times within 20 months. Is the perfect storm this time not going to include a world-halting pandemic and simply be crypto ETF adoption?
Budget 2021: Chancellor set to unveil mortgage guarantee scheme February 27, 2021 The Chancellor will use Wednesday’s Budget to unveil a new mortgage scheme aimed at getting tens of thousands of people onto the property ladder. Under the new programme, first time or current homeowners looking to buy a house of up to £600,000 will need a deposit of just five per cent to secure a mortgage. [...]