Browsing Category
Investment
Rachel Reeves expects a £50bn windfall after fiscal rules are reformed
Rachel Reeves' plans, which are being developed by officials, will allow her to free up up to £50 billion for roads, housing, and energy projects, as well as other large-scale initiatives. The chancellor asked Treasury to examine changing…
The US investor who quietly became one of Britain’s largest retail owners
Five years ago, Realty Income was a new American investment trust. Since then, it has quietly become one of Britain's largest owners of retail parks, shops and supermarkets.
Realty is a rare exception. While other investors are hesitant…
Global investors warn Labour that UK utilities are “off our radar”
One of the largest sovereign wealth funds in the world has announced that it will not be investing in the UK’s regulated utilities for water, electricity and natural gas. This is a major blow to Labour’s hopes of attracting global…
Legal & General buys Cala, a housebuilder for £1.16bn
Legal & General's new CEO, the FTSE 100 listed financial services company, made his first major strategic move when he struck a deal with its housebuilding division for £1.16billion in cash. L&G agreed to sell Cala Homes, the…
Harland & Wolff, the Titanic’s builder, is heading for administration
Harland & Wolff - the shipyard which built the Titanic - is about to enter administration for the second consecutive time in just five years.
Harland & Wolff Group Holdings was "insolvent" on a basis of balance sheet, according…
Thames Water aims to raise £3.3 billion in new cash
Thames Water has asked investment giants Brookfield Infrastructure Partners, and Global Infrastructure Partners for help in a £3.3 billion fundraising effort to save the utility.
Rothschild has given the company a deadline for assembling…
Rachel Reeves warns that a tax grab on private equity may backfire
Rachel Reeves was warned that closing the private equity loophole, which would raise at least PS500m, could lead to a mass exodus of rich individuals and reduce the revenue that the chancellor hoped to generate.
EY, a professional…
Chinese Backed Battery Storage Project Approved After UK Security Review
The UK government has approved a significant battery storage project with connections to China after a national security review. Chancellor of the Duchy of Lancaster Pat McFadden has greenlit the development of an 80-megawatt storage plant…
North Sea Oil Project Faces Uncertainty as Neo Energy Slows Investment
The future of a significant £900 million oil and gas project in the North Sea is uncertain as Neo Energy, the lead developer, plans to reduce investment. This decision is influenced by increased windfall taxes and the potential…
Hargreaves Lansdown Co-Founder Questions Takeover Price Fairness
The co-founder of Hargreaves Lansdown, Stephen Lansdown, has expressed doubts about the fairness of the £5.4 billion agreed bid price for the UK's largest DIY investment platform. While he believes the offer is "fair" compared to previous…
FCA Cracks Down on Unregulated Share Offers as Odin Pauses Crowd Investments
The Financial Conduct Authority (FCA) is taking action against unregulated firms that facilitate investment deals for private companies without proper regulatory permissions. This move comes as entrepreneurs increasingly turn to online…
Vodafone Three Merger Could Leave Millions Unable to Find Cheaper Mobile Deals
A proposed £15 billion merger between Vodafone and Three UK aims to create the largest mobile phone operator in the country, potentially impacting up to 1 million Three customers who may struggle to find cheaper alternatives, according to…
Ofwat Crackdown on Sewage Failings Could Cost UK Water Sector 2 Billion Pounds in Penalties
The UK's water sector is preparing for potential penalties amounting to £2 billion over the next five years, as the regulator Ofwat intensifies efforts to tackle sewage issues. A recent report from Moody's, a leading ratings agency,…
Rachel Reeves’ charm offensive in New York to boost UK investment
Rachel Reeves will be courting Wall Street titans in an attempt to boost US investments in the UK next month.
The chancellor plans to visit New York early in August to meet with some of America's largest investment firms.
A one-on-one…
Permira wants to sell Evelyn for £1.5 billion pounds.
Evelyn Partners is one of Britain's biggest wealth management firms. The private equity company that owns it, Evelyn Partners PLC, is looking at options to reduce its £1.5 billion investment.
Permira has begun contacting advisers in…
Goldman Sachs boss says that the capital markets are in an early stage of recovery.
Goldman Sachs' chief executive hailed "the early innings of a recovery in capital markets and M&A" after the investment firm announced that its quarterly profit more than doubled from the previous year.
The American Investment Bank,…
Goldman Sachs profits double to $3bn on rebound of deals
Goldman Sachs' profits more than doubled during the second quarter, as it reaped benefits from a faster recovery in dealmaking and its bond and equity traders performed better than anticipated.
After a slow two-year period in which…
BlackRock’s Larry Fink highlights the ‘barbell Effect’ as investors return back to…
BlackRock CEO Larry Fink stated on Monday that investors are creating a “barbell effect” in the fixed income markets when they choose low-cost exchange-traded funds and alternative assets over traditional bond funds.
Fink, the world's…