Australian bidder walks away from £650m race to snap up rail giant Go-Ahead July 21, 2022 Australia-based Kelsian confirmed this morning it has pulled out from the race to buy Go-Ahead – weeks after the board picked a rival offer. The business said falling share prices in Australia tied its hands and forced the group to walk away from a potential tie-up. Kelsian is one of Australia’s biggest bus and ferry [...]
‘Buying Bitcoin for $1 then selling for $75 was a beautiful sensation October 4, 2022 Alessandro De Grandi, CEO and founder of The Nemesis, talks about Web3, the metaverse, virtual reality and NFTs.
Oil prices to stay high this year on China reopening and OPEC output snags, experts predict February 19, 2023 Oil prices will be propped up this year by rebounding demand from China alongside tightening supplies into Europe and OPEC's capacity issues.
Measures to suppress Covid-19 are causing untold damage to students and young people September 30, 2020 The motto of the Young Money Blog is “don’t get mad — get informed”. But in recent weeks and months, I’ve found it hard not to get mad. As we try to head into an uncertain and bleak winter, emergency laws designed to curb the spread of Covid-19 are fast becoming a moral and economic [...]
Remortgages jump as owners invest in home improvement projects February 18, 2020 The number of homeowners remortgaging their properties to access additional cash jumped in December, as Brits took advantage of low interest rates to invest in home improvements. Remortgages with additional borrowing increased 5.9 per cent at the end of last year as homeowners borrowed money for DIY projects. The average additional amount borrowed in the [...]
UK ahead of EV adoption curve but charging accessibility lags behind August 4, 2022 The UK is currently ahead of the Climate Change Committee’s electric vehicle (EV) adoption curve by more than 100,000 cars. According to figures by Volkswagen Financial Services UK, there were 833,000 EVs in the UK as of March – up 71 per cent on last year’s levels. At the same time, registrations of battery-electric vehicles [...]
UK house prices accelerate at fastest pace since before financial crisis December 30, 2021 UK house prices have accelerated at their fastest pace since before the financial crisis, shooting up over 10 per cent over the last year, reveal fresh figures released today. The cost of buying a home in Britain hit £254,822 this month, the highest price on record and up around £24,000 since December last year, according [...]
Blend secures £120m boost for lending extra ‘muscle’ to UK property developers April 11, 2022 Property capital firm Blend Network has secured a record £120m boost to its lending of that extra “muscle” for UK developers. Blend, backed by OakNorth Bank chairman and former Barclays vice chairman Cyrus Ardalan, snagged the sum from a consortium of six large family offices “Obtaining a record £120m committed funding line from such a [...]
Criminal case against NatWest tip of £90bn iceberg in ‘money laundering capital of the world’ March 26, 2021 Yesterday it was reported that the recent money laundering charges against NatWest are linked to a separate case against 13 individuals based in cities around the UK. The latest revelations followed the shock announcement, last week, that the Financial Conduct Authority had lodged criminal proceedings against NatWest for money laundering offences. The watchdog – accusing NatWest of [...]
Bulb Energy: Doomed supplier owed £254m to customers in pre-paid energy bills January 20, 2022 Bulb Energy owed £254m to customers who had paid for their electricity and gas in advance ahead of its collapse, according to the latest reports.