Neil Woodford has retreated from an attempt to recapture his crown as Britain’s biggest fund manager as a company meant to relaunch his career is wound up. Paperwork shows that directors at Mr Woodford’s business WCM Partners have applied to strike it from the official register, just over a year after the former star manager …
Neil Woodford retreats from relaunch plans as investment company is wound up Read More »
While more rate rises are on the way, Bailey’s comment about a return to “low global equilibrium” is one of the first suggestions that the Bank expects higher rates to be short-lived. Factors such as increasing life spans have pulled down interest rates globally in recent decades as people save up more money for their …
High interest rates are temporary, says Andrew Bailey Read More »
The Fed is compounding the shock by draining global dollar liquidity at a net annual pace of $2 trillion, that is to say by switching almost overnight from $120bn a month of QE asset purchases to near mirror-image asset sales (QT). Ferocious tightening by the world’s superpower central bank has turbo-charged a parallel development: America’s …
The magnificent euro is holding up remarkably well (for now) Read More »
On Friday, Mr Musk’s lawyers wrote to Twitter to cancel the deal, claiming the company had “not complied with its contractual obligations” and ignored requests for information about the number of fake accounts on the social network. Twitter has said fewer than 5pc of users are fake or spam accounts. Mr Musk believes the number …
Elon Musk gloats over collapsed Twitter deal as both sides gear up for legal fight Read More »
Lee Hardman, an analyst at MUFG, said that it is “only a matter of time” before one euro is worth less than one dollar, after the bloc’s currency tumbled more than 11pc against the greenback this year. He said: “The main driver for euro weakness continues to be building concerns over greater disruption for European …
Euro tumble to 20-year low against dollar over fears Putin will cut off gas Read More »
“I’m enjoying it here, but it’s not easy to find accommodation now,” says Sin-Chung Lee, who moved to Sutton with his wife Cherry in the past year. “You can see there are plenty of Hong Kong people here, so many of us will look for accommodation elsewhere.” The couple, who are renting a semi-detached house, …
The unlikely London suburb where fleeing Hongkongers are starting new lives Read More »
an audacious bid backed by former Army chief Lord Dannatt to take over one of Britain’s last fertilizer plants has collapsed. A group of UK investors has pulled out of a bid to secure the Ince plant from US giant CF Industries after a final offer for the facility was rejected by the company last …
Bid for fertilizer factory at the heart of British food supply collapses Read More »
Others are less certain about the impact nationalization will have. “Will it help EDF’s financial standing? Not automatically,” says Denis Florin, partner at the energy consultancy Lavoisier Conseil. “The state may have more control without minority shareholders, but it puts the company in a more difficult position when it comes to Brussels, as they cannot …
What Macron takeover means for Britain and France’s ‘nuclear renaissance’ Read More »
Last month, Mr Storonsky hit out at the FCA over what he regarded as its slow procedures for processing applications, saying it was “slower compared to expectations”. He added that it might be beneficial for the regulator to employ “more efficient people”, have “stricter timelines” and clearer performance indicators. The watchdog has concerns around aspects …
Revolut executive quits amid battle for UK banking license Read More »
There are a number of explanations for that. In the wheat market, it looks as if more Ukrainian grain will be available than was expected (even if some of it is smuggled on Russian-controlled ships). In other cases, soaring prices have already curbed demand, putting downward pressure on prices (there can’t be many of us …
The battle against inflation has already been won Read More »
