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

Wealthy investor is nursing his wounds following sale of Nvidia.

Wealthy investor is nursing his wounds following sale of Nvidia.

Famed hedge fund manager and Duquesne Family Office founder Stanley Druckenmiller admits he isn’t Berkshire Hathaway’s Oracle of Omaha Warren Buffett. The billionaire investor, who hasn’t lost in a single quarter throughout his 30-year career, said he made a “big mistake” selling Nvidia too early after initially thinking he was going to hold it for … Read more