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Partners Group hit by surge in withdrawal requests at second major fund
Increase raises possibility that exits from $16bn US fund could be blocked
UK fine art company collapses into administration - in business since 1976
UK fine art company collapses into administration - in business since 1976A well-known London business with a reputation for specialist craftsmanship has reached a major milestone in its long history, marking a significant moment for customers and the local community. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Aditi Rane, Reporter 07:07, Thu, Jun 4, 2026 Updated: 07:20, Thu, Jun 4, 2026 The long-estab...
‘Happiness is not just about GDP’: ambitious plan or utopia?
Some will question its credibility. But the alternative future to the one imagined in the World Justice Report is far more bleak• Academics set out sweeping vision for planetary survivalIn our increasingly dystopian world, who wouldn’t want to at least be open to a utopian antidote? The World Justice Report, published on Thursday, outlines how to build a prosperous, equitable world within safe planetary boundaries. It’s a push from the modern eco-socialist left in a global battle for ideas that...
I’m already investing for my eight-year-old – it’s better than saving cash
When Jim Butcher was a youngster, he did not have any idea about savings. His parents had not taught him about it and they themselves knew nothing about things like the stock market or investing. “I think they bought me a premium bond of £10 when I was about five – then 30 years later, it was still worth the same price. If they had known about the stock market and things like that, they could have done more to teach me about financial things, such as investing.” Jim, 51, who is married to Mali...
FTSE 100 Live: Stocks to drop as Trump warns takes ‘two to tango’ on Iran peace
Good morning and welcome back to the City AM liveblog. Donald Trump has hinted a peace deal in the Middle East could come as soon as “over the weekend” in the latest back-and-forth of negotiations between the US and Iran. The President yesterday doubled down once more on his claim that Iran is set to agree not to have a nuclear weapon – a key part of contention throughout the talks. “They’re pretty close to signing a paper,” Trump told reporters in the Oval Office yesterday. “We’ve actua...
'Library of Things' aims to help people save money
Volunteers in Leamington have launched a new type of library where you can borrow household items.
One in three companies to make redundancies by the start of 2027
Hundreds of thousands of people are set to lose their jobs in the months ahead
Households with DVD players face £3.36 charges from July
While streaming has become the dominant way to watch films and TV shows, many movie buffs are moving back to physical media in search of superior audio and visual quality, or to watch more obscure films not hosted on the main streaming platforms.
'I lost thousands in savings and my partner's money is in limbo'
'I lost thousands in savings and my partner's money is in limbo'4 hours agoShareSaveAdd as preferred on GoogleMeghan Owen,London work and money correspondentandJonathan Fagg,England Data UnitBBCFraser Glen and his partner Sophie Bauer say the scheme has not worked for themThe Lifetime ISA (LISA) was set up in 2017 to help people save for retirement or purchase a first home costing up to £450,000. First-time buyers can put aside £4,000 a year and get an annual government bonus of 25%.But if saver...
Extra waste burning approved for incinerator
Extra waste burning approved for incineratorJust nowShareSaveAdd as preferred on GoogleAmy ClarkeGetty ImagesBeddington incinerator has breached its environmental permits on 916 occasionsA south London incineration company has been granted permission to process tens of thousands of extra tonnes of rubbish each year after the Environment Agency approved a permit variation.Viridor Ltd can now increase the amount of waste handled at its energy recovery facility to 382,286 tonnes annually - an incre...
Widow of gambling addict takes Betfair to court in possible landmark UK case
Success would establish for first time that a betting firm had duty of care to customers with signs of problem gamblingThe widow of a gambling addict who took his own life after falling £18,000 into debt begins a legal claim on Thursday against Betfair that could have far-reaching consequences for the UK’s gambling industry.Luke Ashton, 40, from Leicester, died in April 2021 after suffering from a gambling disorder that led him to place thousands of bets with the company, which sent him promotio...
At 70, I sold my house for £500,000 profit – now I rent a £4,000-a-month flat
Private renting is surging among over-65s and the Pensions Policy Institute predicts that the number of rented households headed by someone over 65 will triple to 17 per cent by 2040. Carole Railton, 75, is a body language expert who lives in Wapping, London. She sold her house in Islington in 2021 following a health scare and chose to rent. Here she explains why she will never buy again In 1989, I had just broken up with a boyfriend. I liked the area, and so I found a house up the road for £6...
Millions left unclaimed as public awareness gap exposes flaws in class actions
While class actions are on the rise, limited public awareness means millions in settlement funds go unclaimed, highlighting the scepticism over who truly benefits from these legal actions, writes Maria Ward-Brennan. Despite the surge in class actions in the London High Court over the last number of years, there remains a large knowledge gap among the public, as highlighted by £3.7m sitting in an unclaimed bucket that is being rerouted to charities. Over the past few years, there has been a...
Labour thinks it can tax its way to growth – it’s wrong
Writing in City AM, the head of the “Labour Thinks” group claimed that tax-funded spending could boost growth. Here’s why he’s wrong, according to Anne Strickland Ahead of local elections, some MPs think they’ve cracked the code to win back voters: raising taxes. Jeevun Sandher MP, parliamentary aide to the chancellor, said this week that Britain needs to go “further with tax” and create more state-subsidised jobs in an aim to solve Britain’s economic woes, what he calls “taxing for growth“....
In 23 months Labour has dragged the UK economy to its knees
Reading our interview with billionaire John Caudwell, in which he says he was “misled” by Labour’s pitch for power, I’m reminded of just how unambiguous Keir Starmer and Rachel Reeves were in the run-up to the 2024 election. They promised to be “the most pro-business government this country has ever seen.” Some of us were sceptical at the time, pointing out that hoping for growth was not the same as having a plan to deliver it. An awful lot has happened in the 23 months since Labour’s “trus...
Visa And Mastercard Payments Suspended In Cuba Following US Sanctions
Washington-Havana relations have tumbled as the United States has slapped sanctions on Cuba, which has also been under a US-imposed energy blockade since January.
South Korea, China To Expand Weekly Flight Rights For First Time In 7 Years
The agreement will increase passenger flight rights by 56 weekly flights to 664 from 608, and cargo rights by 14 weekly flights to 68 from 54
India's Big Move To Attract Foreign Investment Amid Iran War: Sources
India's Big Move To Attract Foreign Investment Amid Iran War: Sources
Professional services firms’ future hinges on private equity, Kroll chief says
Private equity has been rewiring the professional services industry over the last few years, and with the sector undergoing enormous disruption from AI, stagnant growth, and a highly competitive market, PE investment is increasingly becoming a lifeline for firms to stay afloat. According to Jacob Silverman, chief executive of advisory and consultancy firm Kroll, private equity is key in driving the future of the professional services, and is “becoming a key source of capital” for the whole i...
Why can the Faroe Islands build faster than Britain?
The Faroe Islands has built miles of undersea tunnels for less than a third of what Britain has spent on a consultation for one, says Joe Cawley Every day, tens of thousands of vehicles crawl across the Dartford Crossing, one of the UK’s key economic arteries. Relief is on the way. Work has begun on the Lower Thames Crossing, a new tunnel several miles east of Dartford designed to ease pressure on the existing route. But the timeline tells its own story: it will not open until the 2030s. By...