Investor concerns grow as UK borrowing costs increase due to Rachel Reeves’ spending proposals

Investor concerns grow as UK borrowing costs increase due to Rachel Reeves’ spending proposals

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK borrowing costs rose on Wednesday, reversing an initially positive reaction to the Labour government’s Budget, as investors were surprised by the level of additional borrowing needed to fund Rachel Reeves’ plans. The 10-year gilt … Read more

Standard Chartered plans to increase investment in wealth management as profits grow

Standard Chartered plans to increase investment in wealth management as profits grow

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered has announced plans to double its investment in its wealth management business and shift its focus towards affluent individuals and global institutions following a rise in pre-tax profits in the third quarter. The … Read more