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HSBC is set to recruit hundreds of bankers in the UK to enhance its wealth management services, aiming to double its assets under management to £100 billion over five years. This move comes amid increasing competition from British rivals and follows a successful expansion in Asia.
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Hedge fund tycoon Sir Paul Marshall has acquired The Spectator magazine for £100 million, following a lengthy auction process. The deal comes after a failed bid by an Abu Dhabi-backed consortium, which was blocked by UK legislation prohibiting foreign ownership of British media assets. Marshall aims to enhance the magazine's potential while maintaining editorial independence.
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The UK government, under Labour's plans, aims to build 1.5 million homes by 2029. A new joint venture, the MADE Partnership, has been launched to facilitate this goal, while experts advocate for low-carbon standards in new housing developments to reduce energy costs and emissions.