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The week that was: EVs out of juice, star investors struggle and rate expectations

Rate expectations, EV sales falling stalling and one investor losing out on his fairy-tale ending: we review another busy week in business.

United kingdomAli lyonTerry smithNelson peltzJerome powellEngland monetary policy committeeEuropean central bankSociety of motor manufacturersSquare mileMotor manufacturersFundsmith equityInteractive investmentMonetary policy committee

Safe as houses: is it time to introduce a wealth tax?

In the last 15 years, wages in the UK have flatlined while wealth has balooned. Should we think more seriously about the way we tax wealth?

United kingdomPhil whiteStuart adamAli lyonMatthew leshBen tippetGreenwich universityResolution foundationInstitute of economic affairsOffice for national statisticsInstitute for fiscal studiesNational statisticsPatriotic millionairesSunday times rich listFiscal studiesSpring budget

Revenue slumps at Enquest as producer attacks challenging North Sea operating environment

Oil producer Enquest saw revenue fall drastically in 2023 but announced a share buyback in a year of trading hampered by lower oil prices

North seaOceans generalUnited kingdomAli lyonAmjad bseisuVeri energyChief executive

William Hill owner 888 announces departure from US with partial sale to Hard Rock Digital

The owner of William Hill, which also owns 888 and Mr Green, has agreed to sell selected assets to Hard Rock Digital after a review.

United kingdomUnited statesAli lyonWilliam hillHard rock internationalHard rock digitalUnited kingdom listedHard rockPer widerstr

Ageas s interest Direct Line shows just how far the UK s insurers have come since Covid

After years of losses and rising costs, insurers like Direct Line finally seem to be on a path to recovery after hiking premiums.

United kingdomHuw evansBuyapower alex pandyaAli lyonDirect lineInsurance partnerAlex pandyaConsumer intelligence

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