The UK economy faces a gloomy outlook as the Bank of England halves its growth forecast for this year, leading to warnings of stagflation and a new squeeze on living standards. Chancellor Rachel Reeves is under pressure to boost the flagging economy, with speculation of her potential replacement by Home Secretary Yvette Cooper. Commuters are unhappy with Network Rail’s new system removing train listings from departure boards, while chef Heston Blumenthal opens up about how his medication for bipolar disorder has suppressed his imagination.
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Private acquisitions strip more than $1tn from European equity markets
Private acquisitions have removed over $1 trillion from European equity markets in the past decade, according to a report by HSBC Global Research and New Financial, highlighting the shift from public to private capital. The report notes that 1,013 European companies have been acquired, compared to only 130 that relocated to the US stock market, raising concerns about diminishing liquidity and investment in Europe. Policymakers are urged to reform public markets, as the current climate,...
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