Labour’s economic pessimism halts UK equity market recovery, triggering significant outflows
The UK’s equity markets have taken a hit as the Labour government’s pessimistic portrayal of the country’s economic outlook reverses a brief recovery in investor interest. New figures from Calastone, a global fund network, show that UK-focused funds suffered net withdrawals
Bank of England may cut rates more aggressively as inflation eases, warns Andrew Bailey
Andrew Bailey, Governor of the Bank of England, has indicated that the Bank may take a more aggressive stance on cutting interest rates if inflation continues to decline. However, he cautioned that escalating tensions in the Middle East could lead to
Pink Floyd sells catalogue to Sony Music for $400M after years of legal battles
After years of contentious negotiations and in-fighting, Pink Floyd has sold the rights to their entire music catalogue, name, and likeness to Sony Music for a reported $400M. The landmark deal, finalised this week, grants Sony rights to the band’s merchandise
One-third of homes for sale now chain-free as tax fears loom ahead of budget
One-third of homes currently for sale in the UK are chain-free, as landlords and second-homeowners rush to sell amid speculation over potential capital gains tax increases in the forthcoming Budget. According to Zoopla, the property search website, the number of agreed
Canary Wharf introduces eels and songbirds to boost appeal amid office exodus
Canary Wharf has taken an unexpected turn in its efforts to revitalise the area, welcoming European eels and songbirds as part of a new initiative to boost biodiversity and enhance the appeal of its waterside environment. This latest move comes as