Funding & Business
FTSE 100 Live: Pounds Rises, UK Stocks Set to Hold Steady
FTSE 100 Live: Pounds Rises, UK Stocks Set to Hold Steady
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Boyd Corp. is exploring a sale of its thermal management solutions business, people familiar with the matter said, amid rising demand for air-cooling systems for data centers.
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Zimbabwe’s central bank has set targets it must achieve before the gold-backed ZiG becomes the nation’s sole currency by the end of the decade.
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Reform UK has vowed to change the way public sector pensions are invested as it attempts to cut waste in local councils, saying “mismanagement” of funds is costing as much as £10 billion ($13.5 billion) a year in missed earnings and excess fees.
The right-wing party on Monday held a press conference in which deputy leader Richard Tice accused local pension fund trustees of “incompetence at best, gross negligence at worst,” as he announced the conclusion of Reform’s review into the savings pots. He said funds were overpaying on fees to managers who were under-delivering, leaving taxpayers on the hook for any shortfall.
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