British asset manager in global markets
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
Gen Z’s weekends have shifted from nightlife to home as financial strain, burnout, and loneliness rise. A Harris Poll shows over half feel lonely on typical weekends, with 49% lacking enough in-person friends and 65% turning to smartphones for social life. Wellness and affordable, low-key activities are replacing traditional nightlife, with renters and women hit hardest by costs.
The London stock market is losing more firms to private equity, with Bodycote being taken private by Veritas and Gamma Communications and Capricorn also likely to go private. The wave follows EasyJet’s FTSE 100 promotion and highlights a broader exodus that has seen several UK-listed names depart this year. The trend reflects a shift in market dynamics, potential increased valuations, and investor pressure.
Central banks have tightened policy in response to a surge in energy prices and persistent inflation. The US Federal Reserve has raised its policy rate to 3.75–4.00% and signalled further hikes; the ECB has lifted its key rate to 2.50%; the Bank of England has held at 3.75% but warned higher energy costs will force future rises. Markets have repriced yields and mortgage costs are rising.
Inflation in the UK has stayed elevated, driven by higher fuel and airfares, with analysts signaling the Bank of England will hold rates at 3.75% for a sixth straight meeting. A softer labour market and rising energy bills are shaping expectations for future moves.