Corporate distress levels in the UK have stabilised in the first quarter of 2024 but Germany remains the continent’s “most distressed market”, new research shows. According to Weil’s European Distress …
Estate Planning
Newcastle United receive £37m cash injection from mystery investor
Newcastle United have received a cash injection of £37m from an investor, filings at Companies House show. The unnamed buyer – thought likely to be one of the club’s existing …
Bank of England: Interest rate cuts should ‘still be way off’, MPC member Greene warns
Interest rate cuts should still be a “way off” given the danger of persistent inflation in the UK, a Bank of England rate-setter said. “The UK economy has faced the …
This week in Boeing: Fresh whistleblower allegations, March delivery slowdown and another flight incident
Crisis-hit Boeing has faced another turbulent week as it grappled with several more troubling developments in the space of a few days. Problems kicked off with yet another incident involving …
Poundland owner Pepco brings in Vision Express boss as new chief amid ‘challenging’ environment
Pepco Group, the owner of the Poundland brand in the UK, has appointed a new chief executive and warned the current trading environment remains “challenging”. On Thursday, the discounter said …
Amazon opens £600m robot lab to speed up deliveries and improve efficiency
In a giant building in northern Italy, an army of robots assemble. It’s not the robopocalypse, it’s an Amazon warehouse. The tech company has today opened the doors to its …
Polar Capital sees ‘positive momentum’ as market returns offset outflows for the fund manager
Polar Capital, the specialist fund manager, saw its assets under management jump in the year to the end of March as buoyant equity markets offset outflows. The firm announced in …
Mark Kleinman: 777 bid for Premier League side Everton should dial 999 for help
Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he tackles the Everton’s takeover bid, …
Together in electric dreams: The poetic beauty of pylons
“The closer you look at beauty,” writes the novelist Alan Hollinghurst, “the more unsettling it becomes.” This line from the novel The Line of Beauty, in which the glamorous protagonist …
Falling mortgage rates drive sentiment in property market to a two-year high
Estate agents are becoming increasingly confident in the UK housing market’s recovery. They anticipate a rise in sales in the coming months amid increasing demand and more stable house prices. …