James Watt may not be a very nice man and his beer isn’t that great either, but at least Brewdog proved that pubs didn’t have to die, writes Benedict Spence …
May 2024
Uber: U-turn for company as it reverses back to a loss
Uber shares toppled nearly nine per cent in pre-market trading today after it pulled a U-turn and booked a net loss of $654m (£524m) for its first quarter. It is …
Private equity and venture capital investment into the UK has crashed since 2021
According to a report from the industry body, the British Private Equity and Venture Capital Association (BVCA), private equity and venture capital investment into UK businesses fell by over 30 …
What’s behind London FTSE 100’s record run?
The FTSE 100 looks like it has finally turned the corner on a difficult 2023 as it continues to notch an impressive run which has seen the blue-chip index reach …
Why the Bank of England won’t cut rates – even if it wants to
The Bank of England desperately wants to cut rates. Inflation has fallen and mediocre GDP numbers mean the UK needs to do something. There’s just one problem: The Federal Reserve. …
Competition regulator to probe takeover of logistics firm Wincanton
It has been announced that the UK competition regulator will investigate logistics firm GXO’s £764m acquisition of Wincanton. The CMA issued an initial order to both companies on Wednesday afternoon …
Tory MP Natalie Elphicke defects to Labour before PMQs in latest blow to Sunak
Conservative MP Natalie Elphicke has defected to join the Labour Party, with an attack on the “broken promises of Rishi Sunak’s tired and chaotic government”. Elphicke and Labour confirmed the …
Monzo valued at £4.1bn after £150m funding to support expansion and new products
Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£488m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up …
ISA season breaks new record despite UK outflows revealing ‘structural problem’
April was a record ISA season, with inflows to equity funds coming in five times larger than 2023, but represented another poor month for UK-focused funds, according to data from …
Traders short sterling as bets on Bank of England rate cuts grow
Currency traders have been building up short positions on the pound as they bet the Bank of England will cut the base rate before the US’s Federal Reserve (Fed). The …