Safe haven to sanctions: how Jersey sheltered Roman Abramovich’s billions

BHP has renewed its interest in acquiring Anglo American, a move that could disrupt the latter's planned $57 billion merger with Teck Resources. This new approach comes as BHP seeks to strengthen its position in the mining sector amidst ongoing market volatility.

The UK government has announced an increase in subsidies for electric vehicles (EVs) as part of its strategy to counteract a tax rise expected in the upcoming budget. This move aims to support the transition to greener transportation amidst financial pressures.

An increase in property down valuations, particularly in London and the south-east, is causing significant disruptions in the housing market, with some homes being valued at 10% or more below the agreed sale price. Mortgage experts warn that this trend is 'turning deals and lives upside down.'

The UK government borrowed nearly £10 billion more than expected in the year leading up to October, with total borrowing reaching £17.4 billion last month, according to the Office for National Statistics. This data comes just ahead of Chancellor Rachel Reeves's upcoming budget statement, prompting calls for her to create more fiscal headroom against her fiscal rules.

Clifford Chance, a leading law firm, is cutting approximately 50 back-office roles in London, representing a 10% reduction in its business services staff. The firm cites the increased use of artificial intelligence as a key factor in this decision. Additionally, PwC has indicated that AI may lead to fewer hiring opportunities within their organization as well.

The UK government is advocating for ISA investors to increase their holdings in UK stocks. However, many investors are already heavily invested in these shares, raising concerns about overexposure in the market.