Raising the minimum rate of contribution on auto-enrolled pensions to 12 per cent could boost the retirement wealth of an average 18-year-old by nearly £100,000, a new report has argued. …
April 2024
Regulator launches three investigations into Microsoft and Amazon
Britain’s competition watchdog has launched a tirade of investigations into whether Microsoft and Amazon’s partnerships with three different artificial intelligence (AI) startups have resulted in relevant merger situations. The Competition …
London Metals Exchange to clamp down on Russian metal ‘rent share’ trading games
The London Metal Exchange has outlined plans to clamp down on trading methods used by traders such as Trafigura and Glencore to circumvent sanctions on Russian metals. The commodities giants …
PMQs sketch: Dowden and Rayner build fragile house of cards
Practice makes perfect, the saying goes. Put in 1,000 hours at anything – even facing down the braying green benches opposite you – and improvement is all but guaranteed. It’s …
Canary in the coal mine? Trust asset value crashes following Gove’s proposed ground rent reforms
An investment trust that was set up to invest in ground rents has seen its net asset value slashed by around a quarter as it has started to factor in …
Boeing posts £285m loss as 737 Max production dips amid fallout from Alaska disaster
Boeing reported a net loss of $355m (£285m) in the first quarter as it continues to grapple with the fallout from January’s Alaska Airlines incident. Revenue fell eight per cent …
The Society of Magical Negroes review: Race satire falls flat
First coined by Spike Lee during a series of lectures in the early 2000s, ‘The Magical Negro‘ refers to the trope of having a supporting black character come to the …
Schroders chief Peter Harrison set to retire next year
The veteran chief of Schroders, Peter Harrison, is set to retire next year after eight years at the helm, the firm announced today. In a statement to the market, the …
London Underground to face more strikes this week as customer service managers to walk out
The London Underground is set for disruption this week as customer service managers announced further strike action. Members of the TSSA union will walk-out on Friday 26 April, with disruption …
Pretty Little Thing founders venture into the world of luxury interior design
Adam Kamani and Umar Kamani, the Manchester brothers who founded the fast-fashion brand Pretty Little Thing are venturing into the world of luxury interior design. It comes one year after …