Hedge fund orders London-based analysts back to office five days a week

Man Group has ordered its London-based analysts to return temporarily to the office five days a week, as the world’s biggest listed hedge fund seeks to recover from a period of poor performance amid Donald Trump’s tariff war.Quantitative analysts working at Man AHL, the company’s computer-run fund that aims to identify and follow momentum in markets, have been told they are expected to be in its offices daily until the end of July as part of an “all hands on deck” project.The edict applies to about 150 staff in London, just under 10% of the overall group’s 1,700 global employees, the Financial Times reported.“Man AHL has asked its staff in London to work in the office five days a week for a three-month period to support an ‘all hands on deck’ cross-team research project,” the company said. “While these cross-team initiatives are infrequent, experience has shown that a period of highly focused, in-person collaboration allows significant research progress to be made in a relatively short amount of time

UK house prices fall by more than expected amid economic uncertainty

UK house prices suffered a steeper than expected fall last month and the biggest quarterly drop in value in almost a year, as economic uncertainty continued to affect the property market.The average property price fell by 0.4% month on month in May to £296,648, a much steeper fall than the 0.1% decline City economists had expected.Figures published by Halifax on Friday showed that the cost of a typical UK property has fallen in three of the past four months, with the drop in May following a 0

Sports Direct pricing practices ‘may be breaking the law’, Which? says

Sports Direct could be breaking the law by misleading shoppers into thinking they are getting a good deal, a consumer body has claimed, after it looked at prices of items ranging from trainers to hoodies.Which? said it had reported the retailer to the Competition and Markets Authority after uncovering what it claimed were “some questionable and dodgy pricing tactics” on its website.The organisation said it had found products being sold on SportsDirect.com with recommended retail prices (RRPs) “that appear to be misleading”, as its researchers could not find the products sold at that RRP price anywhere else online.It meant people may be being misled “into thinking they are getting a better deal than they really are”

Bonuses banned for 10 English water bosses over sewage pollution

Bonuses for 10 water company executives in England, including the boss of Thames Water, will be banned with immediate effect over serious sewage pollution, as part of new powers brought in by the Labour government.The top executives of six water companies who have overseen the most serious pollution events will not receive performance rewards this year, the environment secretary, Steve Reed, said.The companies – Thames Water, Anglian Water, Southern Water, United Utilities, Wessex Water and Yorkshire Water – are responsible for the most serious category of sewage pollution into rivers and seas, all of which are, or have been, under criminal investigation by the Environment Agency.Under powers in Labour’s Water (Special Measures) Act 2025, the regulator, Ofwat, is now able to ban bonuses for water executives where a company fails to meet key standards on environmental and financial performance, or is convicted of a criminal offence.In the past 10 years, executives at the nine main water and sewerage companies have been paid £112m in bonuses while sewage pollution increased to a record last year of 2,487 events

Wise goes to the US. Will its founder’s supercharged voting rights follow? | Nils Pratley

Back in 2021, the arrival on the London stock market of Wise, a rapidly expanding money transfer company, generated a feelgood factor at a useful moment.It came a month after overhyped Deliveroo flopped on debut. And, since Wise was a pure fintech business, as opposed to a pizza delivery outfit with an app, there was reason to think the UK might be getting its act together in the sector that politicians swoon over. Shoreditch’s finest, and its Estonian founders, would show the way in UK fintech. Wise sported a £9bn valuation

British Gas owner strikes £20bn gas deal with Norway’s state energy company

The owner of British Gas has struck a £20bn deal with Norway’s state energy company to buy enough gas to meet nearly 10% of the UK’s needs for the next decade.Under the agreement, Centrica will buy around 5bn cubic meters of gas from Equinor – enough to supply 5m UK homes – every year from this winter until 2035 at the prevailing market rate.It is the latest long-term deal between the UK and Norway, which has been one of Britain’s largest sources of imported gas for the last 50 years. But in a nod to Britain’s net zero agenda, the latest agreement will include a clause that allows the UK to swap gas imports for emissions-free hydrogen from Equinor’s UK hydrogen plant.Equinor is working with Centrica and the energy company SSE on multiple low carbon hydrogen projects on the north bank of the Humber