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BoE’s stimulus plan frustrated as gilt buyback falls short

The Bank of England has failed to attract enough investors to buy back Government bonds following its post-Brexit economic stimulus plan. The Bank offered to buy back £1.17bn of long-dated gilts but received offers of only £1.11bn, leaving it with a shortfall of £52m, the Guardian reports. This morning the BoE will reveal its plans […]

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Failed network Financial Ltd faces £90k in claims

Bankrupt advice network Financial Ltd is facing £90,000 in claims that are being handled by the Financial Services Compensation Scheme. The company’s liquidators Moore Stephens published documents on Companies House that show two claims were made against Financial Ltd to 4 July 2016 with the FSCS listed as the contact address. The first claim is […]

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Theresa May appoints L&G’s Godfrey to No. 10 team

Theresa May has appointed John Godfrey as a director of policy in her special adviser team at Number 10. Godfrey joins the policy unit from Legal & General, where he has been corporate affairs director since January 2012. Prior to that he was group communications director and previously held roles at Lehman Brothers and Daiwa […]

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