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Scottish councils have successfully diluted their “worrying” concentration of investments in banks and building societies, cutting sums held in the institutions by a half in five years. In 2014, Mark[…]
Portsmouth City Council has dropped plans to create its own energy company at a potential cost of up to £2.5m. The decision was taken by the council’s cabinet last week,[…]
While the Public Works Loan Board remains the first port of call for financing for many local authorities, there are alternatives that can lock-in future borrowing costs and help tackle[…]
Two local authorities have made major investments in commercial properties within their municipal boundaries. Spelthorne Borough Council has used £11.6m of Public Works Loan Board (PWLB) borrowing to purchase an[…]
Warrington Borough Council faces a formal challenge questioning the legality of the authority’s investment in a bank. The authority last year made a £30m investment in Redwood Bank to help[…]
Borrowing from the Public Works Loans Board (PWLB) is up significantly year-on-year, according the lender’s annual report. The accounts reveal that the PWLB advanced 780 loans worth £5.2bn to councils[…]
Councils are set to be given a grace period of three years to prepare for the impact of accounting changes to their pooled investments introduced by IFRS9. The government has[…]
Senior figures from local authorities and housing associations are set to join decision makers from institutional investors and developers to examine how collaborative finance, ownership and investment models can help[…]
Council shopping centre investments are set to see a 10% drop in capital value, according to new analysis of the sector. A report by economic research firm Capital Economics said[…]
A group of 14 local authorities is taking legal action against banking giant Barclays, claiming that manipulation of Libor rates cost them millions in repayments on Lender Option Borrower Option[…]
