Why BlackRock is shelling out $12bn for private credit shop HPS
World’s biggest fund manager seeks to elbow its way into industry dominated by the likes of Apollo and Blackstone
UK
Questions raised over business model of Goldman’s ETF Accelerator
The platform secured its first client last year but the bank is now assessing long-term options
Deloitte targets slashing UK travel and expenses spending by half
Big Four consultancy firm aims to cut costs in response to ‘challenging market conditions’
Agreed UK property sales jump ahead of stamp duty increase
Zoopla data shows rise ahead of change to levy regime in April
M&G sues Royal London over client exposure to ‘inappropriately risky investments’
Asset manager demands at least £27mn in damages after buying financial adviser platform from mutual
Intesa Sanpaolo chief calls on governments to stay out of banking deals
Comments from head of Italy’s largest bank Carlo Messina come as rival UniCredit battles opposition from Berlin and Rome
Silver Point accused by SEC of failing to monitor star lawyer
Hedge fund says the late outside counsel Chaim Fortgang was not subject to tough information restrictions
Directors’ Deals: Ashtead chief increases stake as shares struggle
Gloom over rental revenue growth
Saudi Arabia is a controversial choice to host the World Cup, but the spotlight and scrutiny might spark change
The official announcement that Saudi Arabia would host the 2024 Fifa men’s World Cup came as a surprise to nobody. Hosting rights have been on the country’s geopolitical agenda for many years, and football’s international governing body was more than happy to oblige.
Both parties have come in for heavy criticism as a result.
Who chooses to work, and who is forced to, after retirement?
fizkes/ShutterstockThe state pension age in the UK is currently 66. Yet 9.5% of people aged 66 and older (1.12 million people) were still working, according to the most recent data from the UK’s Annual Population Survey (July 2023 to June 2024). This figure has been rising over the past decade, increasing from 8.70% (880,000 people) in July 2013 to June 2014.
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