The mortgage market continued to tread water in June as households look for some certainty about when the Bank of England might start cutting interest rates. Bank of England data …
Personal Finance
Reckitt Benckiser: Dettol producer shares plunge on baby formula fears
Shares in consumer giant Reckitt Benckiser plunged nearly 10 per cent in early trades after a US jury found Abbott Laboratories failed to warn consumers about the health risks of …
Entain: Ladbrokes owner’s revenue from US hits $1bn as gambling giant doubles down on expansion
Ladbrokes owner Entain’s aggressive marketing push in the US helped the gambling firm’s American division to bring in over a billion dollars (£780m) of revenue in the first half of …
Chaos resolved at London Gatwick Airport as Just Stop Oil arrested for blocking departure gate
Just Stop Oil activists have been arrested at Gatwick Airport after blocking departure gates in the South terminal. Seven protestors entered the terminal and used suitcases with lock-on devices to …
Lloyds housing fund snaps up £300m Watkins Jones scheme in London’s Stratford
A housing impact investment fund run out of Lloyds Banking Group has snapped up a new 397 bed purpose-built student accommodation (PBSA) development in Stratford in a deal worth nearly …
Smallcap trust Smithson struggles to find hidden gems as net asset value drops by nearly two per cent
Smallcap-focused Smithson Investment Trust struggled to find the diamonds in the rough as its net asset value dropped 1.8 per cent over the last six months. “Our performance so far …
Pearson boss forecasts ‘rapid advances’ in AI as profit holds
Pearson has predicted artificial intelligence (AI) will reshape the educational publishing market today as it doubled down on its forecasts despite a drop in sales in the first half of …
City split on Bank of England’s August interest rate decision
City economists are split about whether the Bank of England will choose to start cutting interest rates on Thursday. The Bank Rate has stood at 5.25 per cent since last …
Molten Ventures: Private equity portfolio slumps five per cent
Venture capital trust Molten Ventures saw its net asset value plummet by five per cent over the last year, as the company hopes that a resurgence in private equity may …
Ofgem takes steps to improve flexibility of UK’s energy market in clean power push
Ofgem has pushed ahead with plans to increase the flexibility of the UK’s energy market as it becomes more reliant on intermittent sources of energy, like wind and solar. In …