Category: UK Finance

CashNews.co By Carolyn Cohn and Nell Mackenzie LONDON (Reuters) – Canadian pension scheme HOOPP is betting on increased investment in UK and European property, infrastructure and private equity to lift its longer-term returns after a sub-benchmark performance in 2023, its chief investment officer told Reuters. Healthcare of Ontario Pension Plan (HOOPP) has $113 billion under […]

CashNews.co Stormont’s leaders have insisted their call for a “fairer” model for Northern Ireland is not a case of reaching out a “begging bowl” to the Treasury. First Minister Michelle O’Neill, deputy First Minister Emma Little Pengelly and Finance Minister Caoimhe Archibald were in London on Thursday for a meeting with Chancellor Rachel Reeves to […]

CashNews.co UK house prices picked up in August, according to an industry survey, which found the number of new properties being listed on the market also rose amid fears of a capital gains tax hike in the upcoming autumn budget. The Royal Institution of Chartered Surveyors (RICS) August residential market survey showed that its net […]

CashNews.co By James Davey LONDON (Reuters) -British retailer the John Lewis Partnership reported a 91% reduction in first-half losses and said it was on track to deliver “significantly higher” full-year profit as its turnaround plan gathers pace. Its department store division in particular has had a difficult few years as it battled first the COVID […]

CashNews.co By Sinead Cruise LONDON (Reuters) -The Bank of England aims to roll out revised new rules on how much capital UK banks must set aside to cope with future crises, as it juggles efforts to shock-proof lenders while supporting growth and without hurting their global commercial interests. The regulatory arm of the central bank […]

CashNews.co Wendy Gill has been jailed for two years after stealing £70,000 from the primary school she worked at (Picture: SWNS) A school finance manager who siphoned away £70,000 into her own accounts leaving pupils without key resources has been jailed for two years. Wendy Gill stole the money from Bramcote Church of England Primary […]

CashNews.co US stocks reversed early losses to close higher on Wednesday as investors digested an inflation report that showed consumer price increases ticked lower in August. The benchmark S&P 500 (^GSPC) rose more than 1%, while the tech-heavy Nasdaq Composite (^IXIC) led the charge, rising almost than 2.2%. Meanwhile, the Dow Jones Industrial Average (^DJI) […]

CashNews.co By David Milliken LONDON (Reuters) -British public debt is likely to soar to triple its current level over the next 50 years if future governments do not take action, due to pressures from an ageing population, climate change and geopolitical risks, a watchdog said on Thursday. The Office for Budget Responsibility (OBR) said debt […]

CashNews.co Wasatch Global Investors, an asset management company, released its “Wasatch Micro-Cap Growth-U.S. Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. Micro-cap stocks saw a decline in the second quarter of this year following a robust start to the year due to a difficult macro environment and a narrowly […]

CashNews.co By Sam Tobin LONDON (Reuters) -Tesco was not entitled to terminate some employees’ contracts and offer to rehire them on less favourable terms, the United Kingdom’s Supreme Court ruled on Thursday. Shopworkers’ union Usdaw took legal action against Britain’s biggest retailer after Tesco sought to remove some warehouse workers’ entitlement to increased pay. Tesco […]