Aviva and Lloyds among City firms to back National Wealth Fund investment drive National wealth fund The Investment Delivery Forum, founded by seven of the UK’s biggest insurance and long-term saving firms, has pledged to pump billions of pounds into Reeves’ new wealth fund.
Hargreaves Lansdown extends deadline for £5.4bn private equity takeover investment Hargreaves Lansdown has extended a deadline for its potential £5.4bn takeover by a consortium of private equity bidders today, as it looks set to become the latest London firm to shift into private hands this year.
Nationwide’s £2.9bn swoop on Virgin Money gets go-ahead from CMA Deal A tie-up between Nationwide and Virgin Money has got the greenlight from the competition watchdog today, paving the way for the £2.9bn deal to close in the final quarter of this year.
London-listed mining group plots copper spree after £223m Turkey deal July 18, 2024 London listed mining group ACG is gearing up for a global deals spree after snapping up a Turkish copper mine for $290m (£223m) today.
‘VAT? What VAT?’: Private school boasting it will absorb Labour’s tax hike propped up by Chinese investors July 18, 2024 Adcote School, an indepedent school for girls, courted controversy in April for funding a motorway billboard saying "VAT? What VAT?"
FTSE 100 chief warns a pension poverty crisis looms without sweeping review July 17, 2024 Millions of Brits risk sleepwalking into an impoverished retirement by failing to stash away enough in their pension pots, the UK’s biggest pensions firm has warned, in a call for a sweeping government review of the pension systems.
King’s Speech: Pension schemes to be merged into ‘superfunds’ under Reeves’ shake-up July 17, 2024 Pension schemes will be pushed to pool their assets in “superfunds” as part of government plans to divert more of the country’s retirement cash into the economy and boost returns for savers, ministers have announced.
Former deputy mayor shared in £750,000 dividend from RationalFX as staff were laid off July 17, 2024 The former deputy mayor of London shared in a £750,000 dividend from his now-collapsed foreign-exchange firm while scores of the company’s staff were laid off through the pandemic, City A.M. can reveal.
‘Hoodwinked from IPO onwards’: Home REIT shareholders round on scandal-hit investor over wind-down plans July 17, 2024 Home REIT shareholders have rounded on the firm and its investment manager today after the scandal-hit social housing investor revealed plans to wind down in the coming months.
Scandal-hit Home REIT set to wind down July 16, 2024 Scandal-hit social housing investor Home REIT is set to wind down after failing to pay off a huge debt pile and struggling under the costs of a slew of legal battles and a probe from the City regulator.