Latest News and Articles
It is not only fictional multinational media empires that need to consider future ownership and control. In 2023, the question of how to transfer control of a large, high profile family organisation gripped attention. First the Sky Atlantic series, Succession, drew us in, followed by its inspiration, the transfer of the Fox and News Corporation…
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After weeks of negotiations, this week Czech billionaire Daniel Křetínský has agreed to buy the owner of Royal Mail, International Distribution Services, for 370p per share, valuing the group at £5.3bn. Křetínský’s EP Group must meet commitments such as retaining its UK headquarters and maintaining Royal Mail’s obligation to deliver mail everywhere in the UK…
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Private healthcare options are on the rise as more people are looking at alternatives to the NHS through personal or workplace provision. Protection and insurance products can provide access to some primary healthcare options, such as GP and dental services, and often contribute towards the cost. There are significant differences between providers and products in…
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The country was caught by surprise on Wednesday, when Prime Minister Rishi Sunak announced a snap election on 4th July, months earlier than the anticipated Autumn timescale. Some within the Conservative party have criticised the timing whilst the Tories are currently so far behind in the polls, and that Sunak has not given the economic…
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Savers need to build up more funds if they want to secure a decent standard of living in retirement. An independent pensions body has updated its calculations on how much money people need to fund a basic, moderate or comfortable lifestyle in retirement. Rising food and energy costs, plus the fact more people want to…
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The old stock market adage “sell in May and go away” would so far have proved to be a costly strategy this year, with major global market indices registering another week of solid gains. Investors cheered the US inflation print on Wednesday, with US stocks closing at record highs after the data showed inflation…
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Improved terms, together with the erosion of tax allowances elsewhere, are making ISAs a favourable option for the new tax year. Since their launch, successive Chancellors have made revisions to Individual Savings Accounts (ISAs). Before his Budget proposal of an extra £5,000 for a ‘UK ISA’, the current Chancellor made arguably his biggest…
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It was a positive week in global financial markets, with all of the major indices making headway. US futures pointed to more gains on Friday, leaving the S&P 500 index on course for a third consecutive weekly rise. The rally was given fresh impetus yesterday by data that supported the case for Federal Reserve interest…
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The UK headed to the polls this week for a variety of local elections, where the Conservatives have suffered, losing councillors at a much higher rate than their worst predictions. Although Labour has gained by winning a number of marginal areas such as Hartlepool and Redditch, they have lost out on some votes to the…
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Weekly Market Update – 07/06/2024
This week, the European Central Bank cut interest rates for the first time since 2019. Rates were cut by 0.25% to 3.75%, a move that the Federal Reserve and Bank of England are yet to follow, although both of these central banks are holding their next policy meetings in the coming weeks. ECB president Christine…
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