Short-term mortgages are great for some, but their prevalence is exacerbating challenges for first-time buyers, writes Elliot Reader, senior vice president at Houlihan Lokey In the UK’s mortgage market, short-term …
May 2024
How the Light Gets In founder: Bankers! Of course they need philosophy
Philosopher Hilary Lawson on why you should spend your May bank holiday at How the Light Gets In, Britain’s first festival of ‘ideas’ British music festivals are typified by hedonism, …
Labour ‘absolutely committed’ to engaging with tech sector, says shadow minister
Labour’s shadow minister for science, research and innovation has told the UK technology sector she is “absolutely committed” to engaging with them Chi Onwurah, who has served as an MP …
Danielle Kang: Aramco Team Series Seoul is breather from ‘suffocating’ LPGA Tour life
Major winner Danielle Kang is hoping a break from “suffocating” life on the LPGA Tour to play this week’s Aramco Team Series event in South Korea can breathe new life …
Dovish Bank of England opens the door to interest rate cuts
This was a dovish move from the Bank of England, make no mistake about it. The Monetary Policy Committee (MPC) voted to leave interest rates at 5.25 per cent, but …
Selfridges to make redundancies at London HQ and hits out at ‘absence of a tax-free shopping’
Luxury department store Selfridges is to make around 70 redundancies at its London head office. The company, which has UK stores in the capital as well as Manchester and Birmingham, …
Barclays opens door to bigger bonuses as it eyes investment bank rebound
Barclays shareholders have waved through a proposal paving the way for it to award bigger bonuses to its top UK bankers as the lender reiterated confidence in its dealmaking arm. …
Arm shares droop as US-listed British chip designer misses ‘thin’ margin for error
British chip designer Arm has taken a beating, with shares sagging nearly nine per cent in pre-market trading on Thursday after its full year forecast disappointed investors. The New York …
North American Income trust ditches Abrdn as manager
The North American Income trust has ditched Abrdn as its portfolio manager, instead appointing Janus Henderson to manage it. The trust’s portfolio manager since 2012, Fran Radano, will move from …
Bank of England predicts growth tailwind as impact of interest rates wanes
The fading impact of interest rates and a larger population will provide a tailwind to the UK economy in the coming years, the Bank of England said today. The Bank’s …