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The Capitalist: Bunking off work and rationing at Christmas time

  • December 19, 2024
Not turning up for work, an end to bonuses and mindfulness goes out the window: it’s the Christmas edition of The Capitalist Bunking off? That’s the festive spirit As the days and hours creep encouragingly towards that great long stretch of dead time we call Christmas, the topic of skiving off from work has become [...]
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US markets tumble as Fed signals fewer interest rate cuts in 2025

  • December 18, 2024
US markets plunged last night after the Federal Reserve signalled that it would take a more cautious path to interest rate cuts next year. Following the Fed’s announcement, the Dow Jones fell 2.6 per cent, the S&P 500 fell three per cent, and the Nasdaq fell 3.6 per cent. This was the biggest decline in [...]
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Outsourcing giant Serco: Business pipeline at its best for a decade

  • December 18, 2024
British outsourcing giant Serco has said that its pipeline of business opportunities is at its strongest in over a decade thanks to a boost from North American defence contracts. The FTSE 250 firm told markets this morning that underlying operating profit was £270m in 2024, up nine per cent in the full year. It has a [...]
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FCA extends motor finance complaint deadline

  • December 18, 2024
The Financial Conduct Authority (FCA) has extended the time that companies have to respond to motor finance complaints following a landmark high court ruling. In an announcement today, the City watchdog said firms will have until 4 December 2025 to provide a final response to customer complaints over the use of now-banned non-discretionary commission arrangements [...]
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Why one US hedge fund is taking aim at the UK’s biggest investment trusts

  • December 18, 2024
A shake up could be coming for the UK’s investment trust industry after US hedge fund Saba Capital launched a campaign to topple the boards of seven different companies yesterday. “Like the Ghost of Christmas Past, Saba has descended upon the investment trust industry, urging self-reflection,” said Shavar Halberstadt, analyst at Winterflood. There have been [...]
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