Hunting the hidden hoards of Wall Street
So from the point of view of your average Wall Street CEO, there are really two bad things going on. First, debt capital markets are no longer in boom conditions and so can’t fill in the revenue holes ...
BBC2’s new chess programme sparks divided views
Those who disliked the programme claim that the moves were hard to follow, and that the players and presenter were too hyped up, while its advocates argued that the series, aimed at novices, will lead ...
Thames Water wins approval for controversial £3bn creditor loan
Thames Water has received court approval for a controversial £3bn loan from creditors including the hedge fund Elliott Management, which should enable the UK’s largest water utility to stave off ...
Here’s an interesting debt market outlier
Generally speaking, safer, high-grade debt has held up better than riskier, lower-rated bonds, but nothing has been immune from the financial turbulence. Here’s an overview of the price action, based ...
Tensions grow over UK government plan to cut welfare payments
Tensions within the Labour party over welfare cuts were growing on Monday as work and pensions secretary Liz Kendall prepared to unveil plans to slash government spending on health-related benefits.
Qinetiq shares drop 20% on lower than expected growth
UK defence technology group Qinetiq has warned full-year growth will be lower than expected amid contract delays and difficult trading conditions, sending its shares down more than 20 per cent.
OECD cuts UK growth forecasts as Rachel Reeves grapples with weak economy
Downgrade comes ahead of Spring Statement, when official forecasts are expected to show much weaker GDP outlook ...
UK’s devolved governments can learn from each other on welfare reform
One hoped for “devolution dividend” was that the UK’s four governments would learn from one another. That, in practice, hasn’t really happened. Some thoughts on this specific instance and why that ...
How we made it: is your city getting wetter or drier?
More than half of the world’s most populated cities are getting wetter, according to new research on how water patterns are undergoing dramatic shifts in urban areas as climate change intensifies the ...
AstraZeneca buys cell therapy biotech in up to $1bn deal
AstraZeneca has struck a deal to acquire biotechnology EsoBiotec for up to $1bn, as the London-listed pharmaceuticals group ...
Managed futures hedge fund ETF launches in Europe
The momentum-surfing vehicles have taken off in the US with investors seeking the potential of uncorrelated returns ...
Alphabet spins off laser-based internet project from ‘moonshot’ hub
Taara start-up aims to compete with Elon Musk’s Starlink to connect remote areas to the internet using light beams ...