Investment strategy

UK inflation hits new 40-year high of 9.4% as cost-of-living crisis deepens

UK inflation hits new 40-year high of 9.4% as cost-of-living crisis deepens

ONS figures showed that real wages in the UK over the three months to May experienced their steepest decline since records began in 2001. Henry Nicholls | Reuters LONDON — UK inflation hit yet another new 40-year high in June as food and energy prices continued to soar, escalating the country’s historic cost-of-living crisis. The …

UK inflation hits new 40-year high of 9.4% as cost-of-living crisis deepens Read More »

Bill Ackman to wind up SPAC, return $4 billion to investors

Bill Ackman to wind up SPAC, return $4 billion to investors

Bill Ackman during a Bloomberg Television interview on November 1, 2017. Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. Christopher Goodney | Bloomberg | …

Bill Ackman to wind up SPAC, return $4 billion to investors Read More »