Hedge funds unwind their bets on gilts
Hedge funds have been rushing to unwind bets against Britain's £2.5tn government bond market as investors become…
The Sunshine and Higher Wages Help Next to 5% Rise in Profits
Next raised its profit forecasts in the fourth month after wage increases linked to inflation and the warm weather…
US Federal Reserve keeps rates steady but dampens expectations for rate cuts
Last night, the US Federal Reserve held its benchmark interest rates but indicated support for a second rate…
After interest rate freezing, the pound falls and bond yields rise.
The Bank of England kept borrowing costs constant for the first since November 2021, and the pound fell to its…
Wall Street boss Mike Ashley is dragged in court over his trades
Morgan Stanley's chief executive has been drawn into a legal dispute between Mike Ashley Frasers Group and…
Carmakers in UK must meet EV sales targets despite delays to petrol vehicle ban
According to those briefed about the new government regulations, even though ministers are pushing back on a petrol…
Cisco signs $28bn agreement with cyber security company Splunk
Cisco's largest acquisition to date is a deal worth $28 billion to purchase US software company Splunk. The US tech…
After US pressure, GGV Capital will split its China operations.
GGV Capital, a Silicon Valley venture capital firm, is splitting into separate businesses that will focus on Asia…
UK mortgage rates to drop after Bank of England’s knife-edge vote
After almost two years of increasing borrowing costs, the Bank of England is expected to lower UK mortgage rates…
Bank of England keeps interest rates at 5.25%
After almost two years of rising rates, the Bank of England held its interest rate at 5.25 percent.
Investors…
Russia bans diesel exports to squeeze oil market
Russia has banned the export of petrol and diesel as crude oil prices climb towards $100 per barrel. This is a…
CMR Surgical, a medical robotics company, taps investors to raise $165m
CMR Surgical, a medical robotics company, has raised an additional $165 million from investors to expand its global…
Cazoo founder Alex Chesterman’s stake in the company is almost completely…
Cazoo’s founder saw his 24,3% stake in the car retailer nearly wiped out following a debt-for equity swap of $630…
Elon Musk to test brain implant with Neuralink
Elon Musk's Neuralink brain implant company has been given clearance to begin recruiting patients for the first…
The chief of Deutsche Bank warns that Germany could become the sick man of Europe
The chief executive of Deutsche Bank - the largest lender in Germany - has warned that Germany could become the…
Dubai’s house prices are rising at the fastest rate in the world following…
House prices in Dubai are rising at the fastest pace in the world following an influx of Russian money.
High…
Chelsea FC raises $500mn From Ares
Ares Management has invested about $500mn into Chelsea FC as the Premier League club's US owners seek to fund…
UK robotic surgery group raises $165mn
CMR Surgical, a UK robotic surgery company, has raised $165mn in funding from investors such as Japan's SoftBank.…