Author: Jordan

Investing.com — Italian regional utility Iren said Friday it will speed up its investment plan for power infrastructure following recent heat waves that disrupted services and strained the electricity grid in Turin. Turin experienced a 30% increase in electricity consumption due to high temperatures in recent weeks, the company said in a statement. A subsidiary of Iren manages power distribution services in the city. The infrastructure development plan includes €515 million ($586.69 million) of investments in Turin’s electricity grid through 2030. The investments will focus on strengthening medium voltage power lines, increasing the network’s resilience to extreme weather events, and…

In the early hours of Sunday morning, Group K concludes with Colombia and Portugal battling it out for top spot in Miami. Avoid defeat and La Tricolor remain first, but a Portugal win sees them leapfrog the South Americans to win the group. With all that in mind, check out our Colombia vs Portugal bet builder tips below.Both teams to scoreColombia and Portugal both excel in attack, with the pair scoring four and five goals at this tournament so far. The talents of Luis Diaz, Jhon Arias, James Rodriguez and Luis Suarez come up against Pedro Neto, Bruno Fernandes, Joao…

Microsoft is using Financial Modeling Institute material to support financial modelling guidance in Copilot in Excel, linking a widely used spreadsheet product with a professional accreditation body for financial modellers. As it develops how Copilot in Excel handles finance work, Microsoft is drawing on the institute’s library of real-world modelling cases and professional frameworks. The material is now also part of how the company evaluates the assistant for finance tasks in Excel, which has close to 750 million users worldwide. The arrangement brings a specialist finance body into a broader debate over how artificial intelligence will be used in high-stakes…

The Mortgage Works has reduced selected buy-to-let switcher rates by up to 0.25%, with the new pricing available to existing landlord customers from 27th June. The Mortgage Works has announced rate reductions of up to 0.25% across selected buy-to-let and limited company buy-to-let switcher products for existing customers, with the changes taking effect from Saturday 27th June. The revised range includes a 5-year fixed rate buy-to-let product at 4.44% with a £1,495 fee, available up to 65% LTV, reduced by 0.15%. A 2-year fixed rate buy-to-let product with no fee, available up to 65% LTV, has been cut by 0.10%…

Equitable Bank, provider of the lowest reverse mortgage rates in Canada, debuts a new creative platform that aims to connect on an emotional level with older Canadian homeowners who might be feeling stressed about their finances and retirement outlook.  In the campaign film, Equitable Bank takes a backseat to the two main characters, Frances the homeowner and her fancy-pants house, but shows up as the glue that helps her and her long-time home stay together. Directed by Ryan Ebner, via production company Feels Like Home, the :60 second film opens with Frances telling us what the reverse mortgage from Equitable Bank means…

Areion Assets Management, the investment management arm of Areion Group, has launched a Category-III alternative investment fund (AIF) named Areion Growth Fund – GIFT City. The fund aims to raise $60 million (around Rs 570 crore) from offshore investors, providing them access to India’s special situations, structured credit, and distressed asset opportunities, the company said in a statement.Registered under the International Financial Services Centres Authority (IFSCA) Regulations, 2025, the fund will have a tenure of five years, extendable by up to two years. It will evaluate opportunities across sectors such as infrastructure, manufacturing, hospitality, financial services, and real estate-linked assets.The…

Investing.com — Citigroup strategists are standing by their overweight on equities, arguing that the historical pattern of bull market endings, driven by aggressive rate-hiking cycles, is not present in today’s environment. Looking back at every major equity market top in recent decades, the bank highlights that the ’s peak in 2000 came after 175 basis points of Fed hikes, the 2007 top followed 425 basis points of tightening, a smaller 2018 pullback was the result of 225 basis points in hikes, and the 2022 selloff was driven by a 525 basis point hiking cycle. The COVID crash and the brief…

The Uttar Pradesh Real Estate Appellate Tribunal has held that non-lockable or virtual office spaces fall outside the ambit of the Real Estate (Regulation and Development) Act, 2016. It ruled that the law governs physical real estate units and does not cover such intangible investment interests. The tribunal consequently set aside U.P. RERA’s directions requiring Bhutani Group to execute conveyance deeds, hand over possession and pay delay interest. The ruling was delivered by a tribunal comprising Judicial Member Sanjai Khare and Technical Member Devindar Singh Chaudhry. The tribunal ruled, “Having regard to the provisions of the Act, virtual space is…

Raoul Ruparel, director for growth at Boston Consulting Group, described the decline as a structural problem for the UK economy rather than a sector-specific issue, and HSBC’s head of corporate and institutional banking, Michael Roberts, told a House of Lords committee that capital requirements are five times higher for direct SME lending than for funding the private credit groups that lend to the same businesses, a dynamic that helps explain why smaller, less standardised loans are less attractive to write. Atom bank has responded to that gap by cutting the minimum size of its commercial mortgages twice this year, first…

Fleet Mortgages has announced enhancements across its standard, limited company and house in multiple occupation (HMO)/multi-unit freehold block (MUFB) ranges. Within its standard and limited company ranges, Fleet Mortgages has reduced rates by 30 basis points (bps) across its two-year fixed rate 75% loan-to-value (LTV) products with a 3% fee. This includes Energy Performance Certificate (EPC) A-C variants, taking rates down to 4.19% and 4.09% respectively. It also launched a new two-year fixed rate zero-fee mortgage, also at 75% LTV, available at 5.74%. Five-year fixed rate 75% LTV products, with a 3% fee, have been reduced by 10bps to…