The number of investment trusts disappearing off the market has spiked during 2024, as mergers and wind-downs have plagued the sector. The total number of investment trust mergers has already …
July 2024
UK funds receive record inflows in first six months of 2024
The first six months of the year saw UK investors bet big on markets and make record deposits into equity funds, with £1.7bn added in June alone. UK investors added …
British ‘future star’ signs first Formula 1 contract after ‘phenomenal’ Ferrari cameo
British teenage sensation Oliver Bearman has signed a multi-year deal to race for Haas following his dazzling Formula 1 debut for Ferrari. Bearman finished seventh after qualifying 11th when called …
Barclays to sell German consumer finance business in latest European disposal
Barclays has struck a deal to sell its German consumer finance unit to Vienna-based financial group Bawag as the FTSE 100 lender tries to streamline its operations in continental Europe. The …
August interest rate cut on a knife edge after ‘nuanced’ Bank of England survey
Inflationary pressures continued to ease in June, according to a Bank of England survey, but progress may slow in the coming months. The Bank’s decision maker panel, which surveys CFOs …
Sir Jim Ratcliffe: Ineos boss bins electric vehicle plans amid ‘reluctant’ demand
Sir Jim Ratcliffe has binned plans to build an electric vehicle just months after they were first unveiled, citing falling consumer demand. Production of the Ineos Fusilier SUV in both …
Global tax battle heats up as Portugal to bring back benefits for skilled foreigners
Portugal’s centre-right minority government has said it will bring back a tax break for high-skilled foreigners. The country aims to stimulate growth by attracting the international elite to its shores. …
Over one million new cars registered in 2024 in post-pandemic record
More than a million new cars were registered in the UK during the first half of the year for the first time since before the pandemic, new industry figures show. …
Fall in housebuilding contributes to easing construction activity
The construction sector remained in expansion in June, a closely watched survey shows, although the rate of growth eased due to a slowdown in housebuilding. S&P’s purchasing managers’ index (PMI) …
Government should penalise UK start-ups that list abroad – City lobby group
An influential City lobby group has urged the next government to explore methods of penalising start-ups that receive taxpayer-funded support if they later opt to list or move valuable operations …