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admin June 12, 2024

Davos day four: Global economy in focus after Trump tariff threat – business live January 24, 2025
Rolling coverage of the final day of the World Economic Forum, and the latest economic and financial newsThe US and China could be dragged into a catastrophic war within the next two decades, if they fall into the “Thucydides trap”, Davos has heard.Political scientist Graham Allison is explaining that Athenian historian Thucydides argued that rapidly […]
Thames Water credit rating slashed as administrators approached January 24, 2025
Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’Thames Water’s debt has been downgraded as the struggling utility company seeks to secure £3bn in emergency funding to stave off collapse, after it emerged that the government has approached potential administrators.The rating agency Moody’s downgraded the company’s […]
Rolls-Royce wins its biggest ever MoD deal with £9bn nuclear submarine contract January 24, 2025
Agreement to make reactors for Royal Navy will create more than 1,000 jobs and safeguard 4,000 other rolesThe British engineering company Rolls-Royce has struck its biggest ever deal with the Ministry of Defence with a £9bn contract to make nuclear submarine reactors for the Royal Navy.The government said the deal, which will create more than […]
Homes for sale for doer-uppers – in pictures January 24, 2025
From Grade II-listed cottages to a classic Victorian home in the centre of town Continue reading...
‘I was a multimillionaire, I had a beautiful girlfriend, I was unhappy’: the ups and downs of a supertrader January 24, 2025
Gary Stevenson grew up poor, got rich in the City – then found himself wrestling with depression. Now he says he’s the only person on the left who really understands the British economy – and the people who wield the powerI’ve interviewed Gary Stevenson three times. First in 2020 about global finance being screwed with […]
Humphrey’s world: how the Samuel Smith beer baron built Britain’s strangest pub chain – podcast January 24, 2025
Since the 1970s, Humphrey Smith has acquired scores of pubs and historic properties around the UK. But time after time, he has left the buildings empty. Why has he allowed his empire to moulder? By Mark Blacklock. Read by Joe Layton Continue reading...
Chichester least affordable area outside London for first-time buyers, data shows January 24, 2025
Homes in the city cost 8.5 times the annual earnings of the typical full-time worker, Nationwide saysChichester is the least affordable area outside London for first-time buyers to get on the property ladder, with homes in the cathedral city costing an average of 8.5 times the annual earnings of the typical full-time worker in the […]
Ethics watchdog issues conflict of interest warning to Musk’s Doge agency January 23, 2025
American Oversight has raised concerns over ‘department of government efficiency’ using encrypted appsA leading ethics watchdog has issued warnings to Donald Trump’s billionaire ally Elon Musk and the “department of government efficiency” (Doge), an agency Trump has stated he will create, claiming its use of encrypted messaging apps potentially violates the Federal Records Act (FRA).American […]
Ministers must hold the line on Thames Water. It got itself into the mess | Nils Pratley January 23, 2025
It seems Thames is trying to scare the government into thinking the world will end if it falls into ‘special administration’Make-your-mind-up time approaches for Thames Water. The directors may not have liked Ofwat’s “final determination” last month – even though the regulator allowed bill increases of 35% over the next five years – but if […]
Reeves to instruct national wealth fund to work with mayors to boost growth January 23, 2025
Chancellor says scheme aims to bridge gap between Whitehall and local leaders to avoid previous top-down approachRachel Reeves will instruct bosses of the national wealth fund (NWF) and the new Office for Investment to work with regional mayors for the first time, as part of a package of initiatives to boost growth.After a meeting of […]

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