Leaving interest rates on hold for too long risks deepening the UK’s recession, the Bank of England’s former chief economist has said. Asked on Bloomberg whether higher interest rates risked …
Financial Planning
Currys: Could Mike Ashley’s Frasers Group enter bidding war?
Electricals retailer Currys hit the headlines over the weekend after it emerged it could become the latest big name to leave the London Stock Exchange in a huge take-private deal. …
Manchester United Women’s revenue overtakes some men’s professional clubs
Manchester United Women earned revenues of £7m last year – more than the average men’s professional team in League Two. Turnover increased by almost £2m year-on-year, thanks to higher crowds …
Inside Bafta 2024: how the awards ceremony takes over London
London’s ritziest restaurants and hotels get booked up months, perhaps years, ahead of time: The Bafta 2024 Awards showcase London as its best, but take months of organising Cillian Murphy …
London Southend Airport moots deal to secure future amid loan spat with Carlyle
London Southend Airport owner Esken is mooting a deal to secure the embattled hub’s future and resolve ongoing funding dispute with Carlyle Group. Under the new arrangement, the aviation and …
UK’s largest nightclub operator Rekom owed over £120m as it collapsed into administration and cut 470 jobs
The UK’s largest nightclub operator owed more than £120m as it collapsed into administration and cut almost 500 jobs before a rescue deal was agreed, it has been revealed. Rekom …
More than £90m pumped into London boroughs – is your neighbourhood included?
Over £90m will be injected into various boroughs across London to revamp tube stations and improve community spaces as part of the government’s Levelling Up fund. This morning the department …
Two London Underground stations scoop £43m for major upgrades
Two London Underground stations are set to receive £43.1m in levelling up funding for major upgrades, the government has announced. Colindale tube station, on the Edgware branch of the northern …
High interest rates set to dampen lending to firms in 2024 before rebound next year
High interest rates are expected to limit banks’ lending to businesses this year before a rebound in 2025, according to a new forecast from Big Four firm EY. Economic forecasting …
Abrdn logistics trust delays dividend amid potential takeover
The £249m Abrdn European Logistics Income trust has delayed the payout of its fourth quarter dividend amid a number of proposals to buy the trust. In a stock exchange notice, …