UK Latest News

UK Latest News

• JP Morgan and Goldman Sachs to lead Wall Street profit haul on back of Iran war
  Top Wall Street banks are tipped to reveal huge profit growth next week amid firm investment banking activity and soaring trading volumes on the back of volatility in the Middle East. Goldman Sachs will issue the starting gun on US banks earnings season on Monday, where boss David Solomon has already teased a boom in […]
• ‘Dragged out of the dark ages’: Investment industry welcomes risk warnings review 
  The UK investment industry has welcomed the findings of the Risk Warnings Review, emphasising the need to remove the extremes-focused view on investing. The review, a study commissioned by the Chancellor as part of the Leeds Reforms [explain], found that consumers’ perception of risk has seriously hindered investing in the UK, with the state of […]
• Mahmood agenda bites: Migrant worker applications nearly halve in a year 
  The number of applications for skilled worker visas has nearly halved in a year after home secretary Shabana Mahmood raised the barriers to entry for migrants.  Official data released by the Home Office showed that there were 34,700 skilled worker visa applications in the year to March.  This was a 44 per cent decrease from […]
• Bill Ackman in talks to launch fund in bid to pounce on investor complacency
  Bill Ackman is reportedly in talks to launch a new fund in an attempt to copy the success of doomsday trades the investor made during the covid pandemic. The billionaire hedge fund manager’s investment company Pershing Square would use the fund to make “asymmetric” trades aimed at profiting by betting against the leading market narratives, […]
• Co-op merger to bring huge shakeup to retail and funeral giant
  The Co-op Group is preparing to takeover the Southern Co-op, in a merger which would bring a major shakeup to the retail and funeral giant in its bid to move on from a crushing cyber attack. The deal would see the group snap up around 300 food stores, funeral branches and Starbucks coffee shops. The […]
• Brewdog: Co-founder James Watt ‘terminated’ as director
  Brewdog co-founder James Watt has been “terminated” as director of the craft beer firm after its sale to a US cannabis giant.  Watt established the brewing company with schoolmate Martin Dickie in 2006 but resigned as a company director on 24 March, according to Companies House filings.  Brewdog kickstarted the UK’s craft beer craze but […]
• Ceasefire hangs in balance after Iran shuts Hormuz
  Hopes of an extended deescalation in the Middle East remain hanging by a thread, after Iran shut the vital Strait of Hormuz shipping lane in response to a round of Israeli strikes on Lebanon. Oil tankers have been barred from passing through the narrow stretch of water responsible for carrying over a fifth of seaborne […]
• BDO culls senior partners to clear path for younger staff
  Leading mid-tier advisory firm BDO is set to cut around 6 per cent of its total partner headcount, targeting older partners.  The firm is set to axe 31 partners, mainly older staff who were expected to retire soon, or hires from rivals, as it seeks to open space for younger staff, according to the Financial […]
• Revolut follows Starling with AI agent as tech arms race heats up
  Revolut has waded into the AI arms race with the debut of its personal finance assistant as fintech firms race to beef up the tech in their all-in-one super apps. The $75bn digital banking giant has launched AI by Revolut – a financial assistant embedded into its app. The chatbot provides spending insights, investment updates […]
• Peace in Iran – but for how long?
  Markets are decidedly relieved at news that despite unhinged threats from the orange occupant of the White House, a civilisation has not in fact been wiped out and the US reached a temporary ceasefire with Iran.  But as Trump gets around the negotiating table – let’s hope he can stay awake – how certain can […]