By Alex Brummer for the Daily Mail Updated: 08:07 BST, 4 May 2024 By happenstance, I ran into a friend – a wealthy, life-long Labour supporter and donor – in the last few days. In a brief exchange, he observed there was much to be fixed for the next government, in particular health and public … Read more
Fallen hero: Closed fund’s boss Neil Woodford The Woodford investment scandal is like a sore that never properly heals. Five years on from the dramatic (and costly) closure of the £3.7 billion Equity Income Fund run by Neil Woodford, the financial wounds it inflicted upon investors continue to weep. In recent weeks, the 300,000 investors … Read more
By Maggie Pagano Updated: 21:50 BST, 12 April 2024 Last September, David Schwimmer, boss of the London Stock Exchange Group, hit back at mounting criticism that the City was losing its status as one of the world’s leading financial centres. The ex-Goldman Sachs executive described these fears as ‘an overplayed narrative and anything that is … Read more
By Alex Brummer for the Daily Mail Updated: 11:27 BST, 6 April 2024 Under pressure: Andrew Bailey Testing days lie ahead for Andrew Bailey and the Bank of England. Halfway through his eight-year term as governor of the central bank, his homework is about to be marked. At the behest of the Court, the Bank’s … Read more
By Alex Brummer for the Daily Mail Updated: 22:31 BST, 4 April 2024 The labyrinthine structure of ownership at Thames Water is something to behold. At this stage of its life as a privatised utility, it is no longer a case of how such financial complexity was allowed to proliferate, but how best it can … Read more
By Alex Brummer for the Daily Mail Updated: 22:04 BST, 1 April 2024 Amid the furore over the collapsing finances of Thames Water and sewage-stained waterways, there is a shard of light. With the right financing model, political will and sensible engineering, it is possible for imaginative public investment projects to be completed. After eight … Read more
Big money: Yorkshire new chief executive Susan Allen It is that time of year when most building societies begin to publish their annual reports and accounts. Although such financial tomes are hardly recommended bedtime reading material, they do shed a light on the health of an industry which provides many savers with an alternative home … Read more
The regulator will have powers to assess suitability of the owners of clubs It will make owners conform to ‘trade and policy objectives of HM Government’ Risk is that over-zealous regulation might work against the desire of the fans By Alex Brummer for the Daily Mail Updated: 22:09 GMT, 24 March 2024 At a recent … Read more
By Alex Brummer for the Daily Mail Updated: 10:00 GMT, 23 March 2024 You have to feel some sympathy for Vodafone chief executive Margherita Della Valle. The mobile telecoms pioneer had a great chance of being a real tech champion for Britain after a rapid fire series of deals by predecessor Chris Gent, who was … Read more
By Alex Brummer for the Daily Mail Updated: 21:56 GMT, 15 March 2024 Anyone expecting fireworks and respite from high borrowing costs at next week’s Bank of England interest rate meeting will probably be disappointed. The battle against inflation is being won but market rates have moved against an early reduction in borrowing costs. The … Read more
