The bidding war over the Abrdn Property Income Trust has reached new heights as Custodian Property Income REIT and Urban Logistics REIT fight over which trust should get their hands …
Retirement Planning
Government proposes ‘debanking’ law after Farage Natwest row and surge in complaints
The UK government has proposed a law that would force banks to give customers more advanced notice and an explanation before closing their accounts, following a surge in complaints over …
Great Britain venue picked for Davis Cup group stage
Manchester will host the Davis Cup again this year after 37,000 fans attended last year. The final day of last year’s tennis event set an all-time single-day GB Davis Cup …
Hapag Lloyd profit falls 83 per cent as Red Sea turmoil makes global shipping downturn worse
Hapag-Lloyd profit fell 83 per cent last year amid a global shipping crisis caused by disruption in the Red Sea and a major downturn in the industry. The container shipping …
Wycombe owner is ‘accomplice’ to rivals Reading’s death, say supporters
A Reading fans’ group says the owner of rivals Wycombe Wanderers is “an accomplice” to the “killing” of their club. Wycombe are reported to have agreed a deal to buy …
GCP Asset Backed Income proposes shuttering trust
The board of the £289m GCP Asset Backed Income fund has proposed shuttering the trust after the failed merger between it and the GCP Infrastructure trust. The debt-focused trust’s merger …
Alfa Financial posts uptick in profit as it unveils special dividend
Asset finance software company Alfa Financial Software has posted an uptick in annual profit while announcing a special dividend as part of plans to return £9.7m to shareholders. The firm …
Shell chief nets £8m as firm moves goalposts on net zero strategy
The head of Shell received nearly £8m last year as the petrogiant cut executive pay following a drop in energy prices. The firm handed chief executive Wael Sawan, who took …
High-end estate agent Savills blames interest rates for profit crash
Commercial and residential estate agent Savills made a loss during the full year as rising interest rates hindered activity. This morning, the firm, which is publicly listed, said profit before …
IG Group posts rise in revenue despite lowest market volatility in over five years
Online trading platform IG Group has posted an increase in revenue in the third quarter despite seeing the lowest level of market volatility in more than five years. The FTSE …