14,040 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 16 of 141.
“I hear the trade in the collectibles has been roaring ahead on Ebay in recent months – with a couple of sets on there at the moment fetching prices as high as £80.”
“Denis O’Brien, has told the company’s board he will not support a proposal to refinance its €200m (£170m) bond which was due for payment today.”
“The proposal – drawn up by INM’s other major stakeholder and former chief executive Sir Anthony O’Reilly – would see the €200m bond repaid through a €60m deeply discounted rights issue, €50m from asset disposals and by giving the holders o…”
“as the company’s debt-pile exceeds £1bn”
“the proposed solution is like “putting a band aid on a problem that needs major surgery””
“And with the bonds trading at around 25 cents in the euro”
“is instead pushing to re-pay the bond at a valuation more in-line with the current market, which would mean in the range of €30m to €40m.”
“thought by analysts to be up to €150m”
“It is understood that the Independent News and Media’s board and its creditors have agreed an extension to the “standstill” period, which expired today, until 24 July.”
“According to a source who was at the meeting, around 85 per cent of London’s hedge fund industry was represented, highlighting the growing concern over the impact of the draft law.”
“The Treasury told those in attendance – who included Marshall Wace’s Ian Wace, Man Group chairman Jon Aisbitt and Odey chief executive David Stewart – that it would go through the draft legislation line by line in an attempt to get 90 per …”
“The European Commission is proposing a new disclosure regime, minimum capital requirements and limits on leverage for hedge funds, private equity houses and other non-UCITS funds managing assets worth more than €100m (£87m).”
“Wales was cited as an early proof point, where merging local pension funds has already started to shift what’s investable.”
“The group, owned jointly by founder Tom Singh and private equity giants Permira and Apax, reported a pre-tax profit of £2.6m during the year, compared to a £1.8m loss for the previous year.”
“Total sales during the year saw a 14.9 per cent boost to £1.3bn, the group said.”
“investment platform IG has argued it could instead cost the government £7.8bn.”
“Analysis from the company, using HMRC figures, suggested the loss would be primarily driven by the fact higher CGT rates discourage investors from selling assets in a bid to swerve a swollen tax bill.”
“Aligning capital gains tax with income tax rates would not only make investing less attractive but would also prove fiscally counterproductive, costing the Treasury billions of pounds.”
“A move to increase taxes on the sale of investments would also counteract the government’s push to increase retail investing activity in the UK, as it aims to boost the domestic economy, IG said.”
“Qualco Group and the Qualco Foundation have announced their support for London’s Air Ambulance Charity, helping raise £1.5 million at the Black & White Gala, one of the capital’s most prominent fundraising events.”
“The Cattaneos are set to own around one-fifth of the company following its float, while other mining companies they are involved in will also have shares, along with participation by New Jersey-based Yorkville Advisors Global...”
“The alliance claims this proposal would raise slightly more than the £34bn currently contributed to the Treasury through business rates.”
“For the week, the Dow Jones industrial average rose 0.1 per cent, while the Standard & Poor’s 500 gained 0.5 per cent and the Nasdaq advanced 0.7 per cent.”
“The S&P 500 has risen 31 per cent since hitting a 12-year closing low on 9 March,”
“Friday marks the preliminary reading of US GDP for the first quarter, which is forecast to shrink at an annual rate of 5.5 per cent.”
“Earnings season has nearly come to a close, as 484 companies in the S&P 500 had reported through Friday, leaving just a handful of retailers, including Tiffany, Dell and Costco Wholesale for this week.”
“Thames Water creditors had proposed writing off £9.4bn of the utility’s £20bn debt, investing £3.3bn and setting up a £6.5bn debt facility in return for the government waiving roughly £900m in pollution fines over the next four years.”
“the National Audit Office has estimated water companies will need to invest at least £290bn into infrastructure before 2050 to maintain networks and meet population needs.”
“saving managers £128m a year.”
“Firms with NAV under £750m are given lighter rules and minimal paperwork in contrast to firms with over £5bn who will be subjected to rigorous scrutiny”
“The FCA’s consultation on the proposals will close on 22 September 2026.”
“growing the global millionaire population by nearly 2 million to 25.3 million individuals”
“the top 1% of HNWIs account for 34.8% of HNWI wealth”
“Equity allocations increased to 25% of HNWI portfolios as of January 2026, marking a three-percentage-point increase from last year”
“two in three HNWIs (68%) indicating an intention to increase their exposure to private equity”
“Exclusive client relationships have halved in the past six years: in 2019, 39% of HNWIs worked with a single firm; in 2025, that figure shrunk to just 19%”
“88% of HNWIs say they work with multiple firms specifically to gain better access to alternative investments”
“polled 6,510 high-net-worth individuals”
“144 senior wealth management executives”
“1,317 relationship managers”
“The Group reported 2025 global revenues of €22.5 billion”
“City-based law firm Quinn Emanuel has increased salaries for its most junior lawyers by 5 per cent for the 2026 financial year”
“Effective from 1 July 2026, London associates’ salaries will increase 5 per cent across the board”
“newly-qualified (NQ) lawyers set to take home £189,000, previously £180,000”
“Those with one year of post-qualified experience (PQE) will pass the 200-mark, as they are set to take home £205,000 (previously £195,000).”
“The rest follow: £231,000 for two PQE; £273,000 for three PQE; £289,000 for four PQE; £305,000 for five PQE; £320,000 for six PQE; and between £331,000 and £373,000 for those with seven PQE and above.”
“In the US, the most junior lawyers in the class of 2026 will be at $225,000 (£166,957), meaning that, under the current exchange rate, London’s junior lawyers are out-earning their American peers.”
“Eyes will begin to fall on the increasingly glaring pay discrepancy at this level, which sits around £40k.”
“Craneware shares sunk as much as 8.9 per cent to 1,106p in the opening minutes of trading on Monday.”
“The stock is down by more than 40 per cent since the start of the year.”
“Moody’s rating agency yesterday upgraded the retailer to AAA rating, the only two other retailers in the world with that rating are WalMart and Carrefour.”
“the first major acquisition following Blockworks’ recent Series A extension at a $192 million valuation”
“Higher US tariffs on cars and auto parts introduced last year are expected to cost VW five billion euros annually”
“reports stating the value of bids is 27 times that of new entrants.”
“The City has seen 28 proposed takeovers of UK companies worth more than £100bn so far this year, according to Peel Hunt, including testing company Intertek, insurer Beazley and ingredients firm Tate & Lyle.”
“Griffith also hit out at the continuation of stamp duty on shares, with investors forced to pay a 0.5 per cent tax to invest in UK-quoted companies.”
“in the 2025 Autumn Budget, chancellor Rachel Reeves introduced a three year stamp duty holiday for newly listed shares.”
“The firm is promoting a so-called collateralised fund obligation (CFO), which will bundle more than $2bn (£1.5bn) of stakes in leveraged buyout funds”
“the deal, which is one of the biggest of its kind”
“Using government business rates data, the consultancy estimates the reforms would cut annual business rates liabilities by approximately £880m.”
“Forecasts by global tax firm Ryan suggest Burnham’s proposal to expand Small Business Rates Relief would remove more than 140,000 additional small business premises from paying business rates altogether.”
“EY slightly nudged up its growth forecast for this year to 0.8% from 0.9%, on the basis that the Strait reopens by the end of September, and sees growth of 1.2% in 2027 on that basis.”
“Brent crude futures slipped $5.52, or 6.28%, to $82.41 by 2202 GMT while U.S. West Texas Intermediate crude was at $79.40 a barrel, down $5.27, or 6.22%.”
“The report suggests that up to £29bn in spending could be cut over a 10-year period.”
“National Express will be liable for just £72m when it walks away from the franchise,”
“even though it promised to pay £1.4bn over the lifetime of the contract when it bid for the franchise.”
“He added that his Virgin Group had spent £15m on bids for train franchises, saying “this cannot be right.””
“Barclays data earlier this year showed consumer spending dropped for the first time since 2024 amid the crunch.”
“British American Tobacco lit up the leaderboard at midday, up over two per cent to 4,504p.”
“BAE Systems, the defence contractor, was over one per cent sharper at 1,953p.”
“Marks and Spencer was down over two per cent.”
“British Airways’ parent, International Consolidated Airlines fell just under two per cent to 413p.”
“London Stock Exchange stalwart Tate & Lyle surged more than 14 per cent to 561p on the FTSE 250 after its £2.7bn takeover by a US rival was confirmed.”
“Mahmood is likely to be seen as a more responsible choice than other frontrunners, including Ed Miliband. Her reputation should reassure investors that spending restraint and fiscal credibility will remain priorities.”
“Last month, the firm revealed that it saw 23 per cent growth in admissions and a 27 per cent jump in revenue to £59m in the 21 weeks to May, boosted by releases like Wuthering Heights, Michael and The Devil Wears Prada 2.”
“Private equity firm Blue Coast Capital has built up a more-than 29 per cent stake in the firm, nearing the 30 per cent mark at which it would be required to launch a takeover bid.”
“Her comments will also touch on CBI research suggesting that various business tax bills add up to £345bn being paid into government coffers from the private sector in the last financial year.”
“The biggest generator of income from businesses is now employer NICs at £123.1bn compared to 103.1bn for corporation tax.”
“Intake from Employer NICs rose by 27.6 per cent year-on-year”
“while business tax revenues rose by around 12.7 per cent”
“Over her first two Budgets, Reeves cumulatively raised taxes by some £66bn”
“Economists at the Office for Budget Responsibility appeared to warn the government that it would revise up its government borrowing estimates after it missed a previous forecast by some £65bn following the gas price shock from Russia’s inv…”
“chief executive Rain Newton-Smith will slam the government’s decision to add to an estimated £345bn business tax bill over the last two Budgets.”
“output in the service sector falling in April”
“Jeremy Middleton’s HomeServe was once a FTSE 100 company with the ultimate exit, to Brookfield, netting a total of £4.1bn.”
“total costs are expected to exceed £10bn”
“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”
“Infantino had proposed creating a $20 billion company to run the World Cup with private investors.”
“Infantino had proposed spinning off FIFA’s commercial businesses — including World Cups and Club World Cups for men and women — into a $20 billion subsidiary with 20% owned by private investors.”
“In 2018, Infantino pushed a secretive offer of $25 billion from Japan’s SoftBank to create new competitions, that posed a long-term risk to continental events for clubs and national teams.”
“Harwood Capital now owns more than eight per cent of the eponymous agency”
“but did not surpass the five per cent threshold that forced it to declare its holding until last year”
“its latest buying spree taking its stake above eight per cent for the first time”
“Centaur now owns just one firm, having returned nearly £65m to shareholders through the disposals under pressure from Harwood”
“The stripped back entity also quit the London Stock Exchange in April”
“The Aim-listed group’s shares have shed more than a quarter of their valuation over the last 12 months”
“previously spearheaded a £254m hostile takeover approach for the agency”
“Smart Pension is one of the UK’s faster growing master trusts, managing the pensions of two million savers, with organic growth of £1.6bn a year driven by saver contributions.”
“Smart Pension, which has just surpassed £10bn in assets under management (AUM) – putting it ahead of the 2030 government AUM timeframe for mandatory thresholds – credited its growth to its allocation in private markets alongside ongoing ac…”
“Under the Mansion House Accord, to which Smart Pension is a signatory, providers must allocate at least 10 per cent of defined contribution funds to private markets by 2030. Five per cent must be allocated in the UK.”
