2.1% year-on-year increase comes as BoE cuts benchmark rate to 5%
Hedge fund manager is in pole position to buy weekly publication for about £100mn
New rules in October will make reimbursement compulsory
UK bank increases net interest income guidance as central banks hold rates steady for longer than expected
Lender downgrades outlook for French retail bank even as investment bank helps deliver profit beat
Ack-man of La Mancha
ICI finding stands in contrast to broader narrative of significant outflows from the wrapper
The first of a new series where we test the benefits of clubs and products
Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy
Valencia region plans to increase fines for unlicensed apartments as tourism backlash grows
Less than two-fifths of UK adults are saving enough for a comfortable retirement
Decision follows vastly lowered target and delay in pricing
Takeover by the US’s only publicly traded accountancy creates a twist in the profession’s wave of consolidation
“Well-positioned businesses are pricing their IPOs above price talk and are trading well in the aftermarket”
🤷♂️🤷♂️🤷♂️🤷♂️🤷♂️
Outside backers left wondering what to do with overpriced minority piece in illiquid manager
Investors pile into private credit, with HPS and Goldman Sachs among those to have raised blockbuster funds
Insurers are under investor pressure to manage climate risks
Companies link up to create investment manager designed to channel more pension money into private businesses
Even before the rate rises, Japanese lender profits have been improving on fatter loan margins and expanding total assets
UK bank’s head confident it can keep growing under successor Georges Elhedery even without boost from rising interest rates
Plus, a big sports investor nears buyout deal for Hayfin Capital and Bill Ackman’s IPO target falls further
Passive investment strategies have outperformed, saving investors a fortune in fees, but it doesn’t always pay to be lazy
Analysts say downside is there is little left to lend to private sector
Rob Kapito in line for at least $20mn in retirement incentives beyond annual pay and company stock
