Weight Loss Success Stories in the UK: ‘I’ve Lost Over 5.1 Pounds in 34 Weeks and I Credit My Results to One Low-Impact Exercise’

To lose weight in the long term, dieters must change several aspects of their daily lifestyle. As you get older, even more dedication is needed. Hormonal imbalances can get in the way of even the most strenuous efforts. Samantha MacKenzie began her journey during a vacation at age 54, when she set a daily walking … Read more

Blackstone buys ‘circular’ private equity credit risks

Blackstone Group has become one of the largest buyers of a type of bank debt that has become a lifeline for the private equity industry, exposing the company to the risks that come with running its own business. The world’s largest buyout group, which manages more than $1 trillion in assets, has emerged over the … Read more

Big change for 90,000 on benefits in huge Universal Credit shake-up tomorrow

MORE than 90,000 households receiving benefits will have to make a major change from tomorrow. Households claiming Employment and Support Allowance (ESA) and child tax credits will be asked to switch to Universal Credit in July. 2BM7WB3 Woman applying for Universal CreditCredit: Alamy ESA is a benefit that you can claim in the event of … Read more

DWP will check bank statements for millions of Universal Credit claimants

The Department for Work and Pensions is planning to check the bank statements of millions of Universal Credit claimants. It is carrying out so-called targeted case reviews to help reduce fraud and errors in the system. In a new update, the DWP says it has recruited 2,000 dedicated case review officers to assess Universal Credit … Read more

HPS is raising a $21 billion private credit fund as it plans expansion

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. HPS Investment Partners has raised one of the largest private credit funds ever, cementing its position as one of the industry leaders as the company debates a possible stock market listing or merger. HPS raised … Read more

Credit rating agencies give high marks to bonds that finance defaulted properties

Lending institutions have misrated more than $100 billion of commercial real estate debt in an increasingly popular segment of the market, mortgage veterans say, including at least a dozen deals that maintain the highest investment grade rating even though the borrowers are in default. The questionable ratings emerge in a part of the mortgage bond … Read more

DWP universal credit changes are coming in June, July and August 2024

This summer there will be a number of major money changes that will affect millions of people. The changes will affect energy bills, household costs and millions of benefit recipients. It comes as households have seen some changes as early as 2024. These include sweeping changes for universal credit claimants and those applying for budget … Read more

DWP quietly starts early rollout of universal credit to some ESA claimants, without telling MPs

Jo Churchill, head and shoulders, smiling, in a pink jacket, in front of an old building

The Department for Work and Pensions (DWP) has started telling 500 disabled people on unemployment benefits to move to universal credit, just days after a Conservative minister assured MPs that no claimant would face such a move until September. DWP previously announced that it would begin rolling out universal credit to the remaining Employment and … Read more

A downgrade to the French credit rating will hurt the Macron government

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. France has been downgraded by S&P Global, a blow to Emmanuel Macron’s credibility as steward of the economy, once the bright spot of his presidency. The rating agency changed the rating of French long-term issuers … Read more