Everything about Formula 1’s 75th anniversary extravaganza at London’s O2 Arena shouldn’t have worked: mass commercialisation of a sport with £9 pints and 10 teams showing off this year’s designs …
Estate Planning
Reynolds urged to quit over accusations he falsely claimed to be solicitor
Business secretary Jonathan Reynolds is being urged to resign as a minister over accusations he falsely claimed to be a solicitor, despite only being a trainee. The cabinet minister – …
X looks to raise $44bn in valuation as Musk woos investors
Elon Musk’s social media platform X is in discussions to secure new investment at a $44bn (£34.93bn) valuation. The same price was spent by Musk to purchase the firm, formerly …
Criticising ‘wealth hoarding boomers’ is ageist stereotype, MPs warn
Criticism of older people as “wealth hoarding boomers” is a form of ageist stereotyping, a report by MPs has warned. Ageism is “widespread and culturally embedded” in the UK and …
Aviva Investments warns three funds failing on performance
Aviva Investors has flagged three of its funds as failing to deliver value for customers on performance, though it said no changes will be made to the funds. Aviva, which …
Thames Water: KKR makes £4bn offer for majority stake
KKR has offered £4bn for a majority stake in the crisis-hit utility Thames Water, according to a report. Sources close to the matter told Bloomberg that KKR had no plans …
Reeves told to improve investment incentives by industry bosses
Rachel Reeves has been told by top global financial firms she needs to ease investment taxes, sources told Reuters. In a meeting with executives from JPMorgan, BlackRock, Goldman Sachs, Morgan …
GXO-Wincanton deal would raise costs for supermarkets, says CMA
Logistics firm GXO’s takeover of Wincanton is likely to reduce competition and bump up costs for supermarkets stocking up shelves, according to the UK’s competition watchdog. The Competition and Markets …
Vinicius joins football’s ownership set by buying Portuguese club
Real Madrid and Brazil star Vinicius Jr has followed teammate Kylian Mbappe into football club ownership by buying Portuguese second-tier side Alverca. Vinicius is part of a consortium of Spanish …
London house prices stagnant in 2024
London house prices were stagnant last year, new figures show, as affordability constraints put pressure on buyers in the capital. London house prices were flat in the year-to-December, new figures …