London’s FTSE 100 rose on Monday, on the back of trading platform CMC Markets announcing cost-cutting plans, while Lloyds fell after it reportedly helped Iran-backed oil firms evade UK sanctions. …
Financial Planning
British Business Bank working on plan to launch new £600m fund for UK startups
The British Business Bank is working to launch a new fund that could invest as much as £600m worth of pension savings into UK growth companies. As first reported by …
CBI settles legal action brought by ousted director Tony Danker
The Confederation of British Industry (CBI) has settled a legal case brought by its former director-general, Tony Danker, after he was dismissed last year following complaints about workplace misconduct. Danker …
Law firm Dechert set to pay £3m to settle English fraud and conspiracy claim
US law firm Dechert is set to pay more than £3m to a US aviation entrepreneur as settlement of a fraud and conspiracy lawsuit in London. Farhad Azima had a …
UK services activity rises at fastest pace in eight months
The UK’s services sector saw a “solid increase” in business activity last month, as well as an uptick in job creation, according to a closely watched survey. The services purchasing …
Interest rates should remain high for ‘some time to come’, OECD warns
Central banks should not cut interest rates too early or risk inflation staying above the two per cent target for an extended period of time, the OECD warned today. In …
Home REIT to publish long-delayed accounts despite struggling to access houses
Home REIT is set to publish its long-delayed accounts in the second quarter of the year despite still struggling to access scores of properties in its portfolio, the firm announced …
Hargreaves Lansdown red alert: Two funds fail value assessment
Two of Hargreaves Lansdown’s 13 funds have been found to not provide good value, the firm revealed in its assessment of value report. The report, which is required by the …
These ten exotic private islands cost less than a London flat
They’re cheaper than the average cost of a London flat… If winter in London is feeling never-ending, there’s always the option to decamp somewhere else entirely. These private islands cost …
Unemployment lower than previously thought according to ONS following revamp of data collection
New figures from the Office for National Statistics (ONS) suggest that the unemployment rate has been falling over the past few months, a sign of the continued tightness of the …