Author: Charlotte

The Mayfair HQ offices of mortgage lender Market Financial Solutions (MFS), which collapsed into administration earlier this year, have been put on the market for £11.5m+. Nick Edwards and Graham Bushby of RSM, administrators of Mayfair (HS), have appointed Watling Real Estate as sole agents to sell the Grade II listed 46 Hertford Street. The Georgian townhouse features original period details throughout and provides approximately 5,053 sq ft over lower ground, ground and four upper floors. There is also a lapsed 2015 planning permission to convert the upper parts into four one-bedroom apartments. Jamie Lamond, a director in the London…

After years of rapid growth, Australia’s housing market is beginning to cool. Auction clearance rates have softened, prices in Sydney and Melbourne are easing, and economists expect further modest declines over coming months. And whenever housing slows, the same question quickly follows: will the broader economy slow with it? The answer is probably yes – but not by much. What does a slowdown mean for the economy? Housing touches almost every part of Australia’s economy. Building homes supports construction, manufacturing and professional services. Buying and selling homes generates spending on furniture, appliances, renovations and removals. Rising house prices can also…

Key Points Topps will ship Friday’s Chrome Update Basketball Mega Box pre-order with the factory seal fully removed This follows months of frustration from collectors after sold-out drops and sky-high eBay listings Removing the seal is meant to discourage resellers from buying the boxes just to flip them Card manufacturers have tried plenty of tricks to keep products in the hands of actual collectors: purchase limits, verified accounts, raffles, questionnaires, retinal scanning. Topps is trying something stranger this week. For Friday’s Chrome Update Basketball Mega Box pre-order, boxes will ship with the factory seal already broken. The cards inside are…

Hedge funds gained in June, posting their third consecutive monthly advance, driven by record equity levels, rising investor optimism, falling energy prices and hedge fund exposure to the record IPO of Space X. The HFRI Fund Weighted Composite Index® (FWC) advanced +0.4 percent in June led by Equity Hedge and Event Driven. The 2Q 2026 return of +6.55 percent is the best quarter for hedge funds since 4Q 2020, and the 1H 2026 return of +7.6 percent is the best first six months to start a year since 2021. “Hedge funds advanced for the month as equity markets eclipsed new…

Technology giant Sony’s online banking unit said it received conditional approval to establish a U.S. national trust bank subsidiary to support the issuance and management of dollar-denominated stablecoins. The planned unit, Connectia Trust, National Association, will be based in New York and capitalized with $40 million, according to a Sony Financial Group announcement. Sony Bank will own 100% of the subsidiary. The move comes as stablecoin usage is surging. Transaction volume hit a $1.79 trillion record last month, 63% more than in May and more than double the year-earlier level, according to Visa’s onchain dashboard. With dollar-pegged tokens accounting for…

TSX-listed Predictive Discovery (PDI) has reported that its Kiniero gold mine, in Guinea, delivered an outstanding operational performance during the quarter ended June 30. The company reports that the operation achieved an average plant throughput of 1 113 t an hour, or about nine-million tonnes a year – well above the six-million tonnes a year nameplate capacity – with gold recovery having improved to 90.5%, demonstrating continued process optimisation and strong plant performance. The company notes that mining operations at Kiniero continued to perform strongly during the quarter, supporting sustained mill throughput above nameplate capacity and consistent processing performance. Kiniero milled…

Around 59% of stocks in the large & midcap universe are trading more than 20% below their all-time highs following the recent correction, creating an attractive entry point for long-term investments, according to an internal study by Abakkus Mutual Fund.The study says the current market environment has strengthened the investment case for large and midcap funds. Following the recent correction, a majority of stocks in this universe witnessed meaningful declines from their peak levels, potentially offering attractive entry points for investors looking to build long-term wealth.Also Read | Can a Rs 58,000 monthly SIP build a Rs 10 crore corpus…

If Andy Burnham becomes Prime Minister, devolution will be at the centre of the Government’s domestic policy agenda. In his speech last week, Burnham set out how greater local responsibility in England should improve both public services and national economic performance.  One challenge that has been raised is the the experience of devolution in Scotland, Wales, and Northern Ireland. If devolution is so good for growth, so the argument goes, then surely each of these countries would have grown faster and enjoy better public services than anywhere in England.  The problem with this argument is that mayoral devolution to cities…

“The under-covered angle is that this metric is documenting the end of the exchange-custody era,” Ben Nadareski, CEO of Solstice, said. The bigger story may not be lower exchange balances themselves, but where those assets are moving to.“Assets are leaving trading venues for two destinations: regulated custody on one side, productive onchain positions on the other,” he said.Moreover, the argument that bull runs always follow a steady decline in exchange balance is not necessarily true. For instance, in 2022, the supply on exchanges remained low, yet prices crashed hard.HODLing is realWhile the indicator may not be as dependable as before,…

LONDON: Global hedge funds delivered their strongest first-half performance since 2013, data from hedge fund data firm PivotalPath showed, as healthcare, tech and energy trades lifted returns in volatile markets.In particular, April – when hedge funds returned 3.7% in one month – proved to be the strongest April on record, the PivotalPath data showed.Stock-trading hedge funds finished June with double-digit returns for the year so far, aided by their ability to successfully navigate already crowded trades, according to a Goldman Sachs client note that was seen by Reuters on Thursday.Stockpickers returned 4% last month, said the Goldman note from Wednesday.…