Hertz gets a helping hand from an unlikely source: short sellers
Convertible bonds should keep rental car company out of immediate trouble
UK
Top banking watchdogs issue stark warning over AI-driven cyber attacks
IT weaknesses could be exploited by frontier models in a ‘matter of minutes’, say ECB and ESRB
Bank of England plans to ease capital rule for UK lenders
Officials say move intended to boost lending and support financial markets in a crisis
A summer discount on family days out sounds good, but it won’t fix UK tourism
Tony Dunn/ShutterstockThe long summer holidays can be an expensive time for families. The cost of day trips to theme parks or zoos or soft play centres quickly adds up.
Discounts sound like a good idea. So this summer, the UK government has slashed the VAT rate from 20% to 5% on admission to a wide range of family activities.
Terry Smith accuses Unilever of misleading him over $66bn food deal
Veteran fund manager says management told him before the spin-off there would not be any more major asset sales
London IPO candidate CFC hires ex-Direct Line chief as new boss
Private equity-backed business is exploring strategic options including a potential listing on the LSE
Growing UK pension surpluses fuel debate over what to do with excess funds
Corporate defined benefit schemes have seen an improvement in funding levels since 2019 thanks to rising gilt yields
HSBC pulls back from riskier private credit lending
Europe’s biggest bank told some clients in recent weeks that it would not renew facilities
The Big Four’s problems Down Under
Elite consulting firms accused of data breaches by Australian government
Who started it?
CLSA offers an interesting sell-side take on some recent conflicts
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