South West Water owner taps investors to fix infrastructure after sewage spills
Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’
News
Minutes of the London FXJSC Legal Sub Committee Meeting – 16 June 2026
Time: 2pm – 3.30pm | Location: Bank of England, Threadneedle St, London, EC2R 8AH
Canada’s Weston family buys Boots for $8.9bn
Former Selfridges owners buy UK high street institution from long-term backer Stefano Pessina
The Jaguar Type 01: a £150k gargantuan getaway vehicle utterly useless in the city
Too costly for most, too large for UK car parks, and wheels bigger than a warlord’s pickup truck. But it does come in ‘London red’
Royal Mail to cut up to 2,500 jobs amid restructure and fall in letter deliveries
Royal Mail is to cut up to 2,500 jobs as the embattled company seeks to restructure its business amid intense competition and the continuing decline in letter deliveries.
IMF chief urges governments to tighten belts as global debt levels soar
The head of the International Monetary Fund has called on governments across big economies to tighten their belts as soaring bond yields hit budgets.
Regulatory thresholds set to shift to automatic increases
The Prudential Regulation Authority (PRA) proposes that 128 thresholds across banking, insurance and credit unions increase automatically with nominal Gross Domestic Product (GDP) going forward.
Minutes of the London FXJSC Operations Sub-Committee Meeting – 16 June 2026
James Kaye (Chair, HSBC) welcomed new Committee members: Adam Jukes (Deutsche Bank) replacing Nimit Jobanputra, and Jonathan Morris (Goldman Sachs) replacing Anna Chadderton.
UK house prices flatline as rising mortgage costs weigh on market
UK house prices flatlined in September, according to a leading index, as rising mortgage costs started to weigh on the market.
Shell expects refineries to almost double the profit from every barrel of fuel made
Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia
Minutes of the London FXJSC Main Committee Meeting – 24 June 2026
Andrea Rosen (Chair, Bank of England) welcomed Sylvain Duquenoy (RBC Capital Markets) and Myles McGuiness (Financial Markets Standards Board (FMSB)) as new members of the Committee. Ms Rosen noted that going forward Mr …
Apparent exodus of super-rich suggests UK is no longer billionaires’ playground
If recent complaints are believed, London and the UK are no longer welcoming for ultra-high net worth individuals
Results of the September 2026 survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)
The September 2026 SESFOD survey covered a period of uncertainty linked to the conflict in the Middle East and volatile energy prices. The European Central Bank (ECB) raised its key interest rates by 25 basis points in …
O2 signs record £200m deal to keep London venue’s naming rights
Exclusive: 10-year sponsorship extension at a 50% premium on last agreement crowns bonanza year for live venue
Poland’s ‘solidarity’ push for EU energy resilience in face of Russian aggression
In the second article in a series on the Polish economy, we look at how the country is forging closer ties with its neighbours
Jaguar targets young Americans with Type 01 EV – but it’s too long for UK parking spaces
Latest model is launching in New York to target rich US buyers – and is more than 5.2 metres long and 2 metres wide
Carney to visit Türkiye as Canada seeks to diversify trade ties
OTTAWA—Prime Minister Mark Carney is planning a bilateral visit to Turkey later this month for talks with President Recep Tayyip Erdoğan, as Ottawa moves to deepen trade, energy and defence ties with Ankara despite unre…
Ikea to pilot online buyback service for secondhand furniture
Service to be tested in Spain and Portugal this year, with a UK rollout if successful, as pre-loved markets boom
Chancellor plans major intervention to help poorer UK households with rising energy bills
Exclusive: Officials working on further radical changes that would change how much energy companies could charge customers
SEC Seeks Final Judgment Against Former Western Asset Co-CIO Ken Leech in Cherry Picking Case
The U.S. Securities and Exchange Commission on October 6, 2026, moved for entry of a final judgment by consent against Stephen Kenneth Leech II, the former co-chief investment officer of registered investment adviser We…
US power demand to hit record highs in 2027 amid AI consumption, EIA says
-- Governor’s Office Expected To Announce Further Steps To Regulate A.I. Data Centers ‘Shortly;’ 100 Data Center Proposals Being Discussed in PA, 55 Have Some Interaction With DEP [PaEN]
Google told to halt work on datacentres in Finland over environmental concerns
Order on two construction sites comes after Google failed to carry out environmental impact assessments
Asos warns customer data may be compromised after ‘unauthorised’ app access
Shares in fashion company fall nearly 10% after its app systems are accessed by ‘unidentified third party’
Piero Cipollone: Money in the digital age: digital euro, tokenisation and the role of central banks
For centuries, issuing money and safeguarding its value has been at the heart of central banks’ mandate.