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BlackRock TCP Capital: Upgrading To Hold – The Portfolio Sale Changes The Thesis

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At Close of Business Podcast August 10 2026

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At Close of Business Podcast August 10 2026

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Amazon: Stunning Earnings Reaffirm Thesis

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Amazon: I'm Buying The Free Cash Flow Collapse

Amazon: Stunning Earnings Reaffirm Thesis

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Gilt yields forecast to fall before 28 October budget

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Gilt yields forecast to fall before 28 October budget

UK gilt yields are expected to fall over the remainder of the year, analysts and investors have said, a shift that would help restore the £10 billion to £12 billion of fiscal headroom lost to rising borrowing costs since February before the budget on 28 October.

The forecasts come weeks after Andy Burnham’s new government took office and ahead of John Healey’s first budget as chancellor.

Analysts and investors said the UK’s inflation outlook supports the chances of interest rate cuts. Concerns about the credibility of Kevin Warsh, the new chairman of the US Federal Reserve, and a more expansionary fiscal environment in Japan are other factors they said could lead investors to choose gilts over other assets.

Daniel von Ahlen, a strategist at TS Lombard, said bond investors should “double down on gilts” in the coming months, and said UK bond prices would rise relative to peers in Japan, the US and Germany.

Markets are pricing in two Bank of England rate rises over the next year, but Von Ahlen said there was a higher likelihood that borrowing costs would be cut “as the labour market remains in the doldrums”.

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The stakes for the Treasury are set out in the arithmetic of the public finances. The rise in gilt yields since February, when the US-Iran war broke out, has removed about £10 billion to £12 billion from the headroom the government holds against its fiscal rules. A 1 percentage point increase in the ten-year gilt yield adds £12 billion to £15 billion to the government’s debt interest bill.

Gilts have been among the worst-performing government bonds this year, with the UK economy the most exposed to the energy price shock caused by the Middle East conflict. But the past three inflation readings have undershot the Bank of England’s estimates, suggesting the spillover from higher oil prices into the rest of the economy has been limited.

That improvement showed up in July, when gilts outperformed their peers. Total monthly returns on UK bonds were flat, compared with a fall of 1.2 per cent for US treasuries and a 0.7 per cent decline for German bonds, according to Deutsche Bank.

Mark Dowding, chief investment officer at RBC Blue Bay Asset Management, who has had a pessimistic view of gilts this year, said he was no more “constructive on the near-term outlook” for UK government debt after the Bank of England’s latest meeting.

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“The doveish bias of the monetary policy committee may encourage investors to add exposure [to gilts],” Dowding said.

Analysts at BlackRock, the world’s largest asset manager, said they had a “neutral” position on gilts, compared with underweight, or reduced, exposure to Japanese government debt and long-term US government bonds.

Japanese government bonds have been the worst-performing significant debt class this year, as the world’s third-largest economy prepares to raise interest rates from record lows and a new government maintains expansionary fiscal policy through tax cuts and investment spending. The US intervened last week to support Japan’s weakening currency and warned that the sell-off in Japanese bonds could spill over into US treasuries.

The UK’s borrowing costs could fall further this year as the Bank of England is expected to reduce the pace at which it sells gilts on its balance sheet back to investors. Analysts at Bank of America said the Bank would cut its annual pace of quantitative tightening from £70 billion to £50 billion from September.

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Hargreaves Lansdown orders staff back to office

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The wealth manager is headquartered in Bristol

A pair of hands holding a phone with Hargreaves Lansdown written on

Hargreaves Lansdown is headquartered in Bristol

The UK’s largest DIY investment platform is requiring staff to return to the office from the beginning of next year. Hargreaves Lansdown will mandate employees attend the workplace three days a week, shortly after it relocates to its new Bristol headquarters.

The company announced plans last year to move its 2,000-strong workforce to the new site by Temple Meads station after 40 years on Anchor Road.

The wealth manager, which was bought by private equity firms including CVC Capital Partners in 2024 for £5.4bn, has not previously imposed a minimum office attendance requirement, according to reports in the Financial Times.

The compulsory office days will follow the firm’s strategy to transition employees into its new premises in phases from September, giving them time to adjust to the new environment.

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The move comes as some staff seldom visit the office, according to one person with knowledge of the decision, making collaboration between employees more difficult.

Hargreaves Lansdown, which employs 2,400 people, confirmed the arrangements and said there remained “flexibility” for its workforce, as reported by City AM.

The investment platform’s decision to bring staff back to the office mirrors that of other organisations.

Companies have been choosing to recall workers in an attempt to end the widespread remote working that emerged during the Covid pandemic.

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This includes British lender TSB, which is requiring staff to return to the office three days per week from April next year, up from the current two, to align with Santander’s policy following its acquisition by the Spanish bank.

JPMorgan Chase also instructed all staff to return to the office last week, though thousands of employees worldwide signed a petition opposing the decision.

Conversely, some City institutions have been easing office requirements amid the UK’s succession of heatwaves.

In June, JPMorgan Chase was amongst the organisations letting employees off the hook, alongside ING and Deutsche.

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Lloyd’s of London also permitted staff to work remotely from its historic City headquarters in late July as the Square Mile prepared for another week of soaring temperatures.

Hargreaves Lansdown has encountered substantial competition in recent years, as digital upstarts and cheaper, rapidly expanding competitors, including AJ Bell and Interactive Investor, attracted customers away.

The platform is seeking to modernise its technology and revamped its fee structure earlier this year, reducing costs for the majority of clients. However, this resulted in a small proportion facing higher charges.

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Longleat House in Wiltshire to be repaired after deathwatch beetle damage

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The Grade I listed venue is the county’s second most-visited tourist attraction after Stonehenge

Longleat House with its distinctive turrets (Image: Picture by Matt at Flickr published under Creative Commons licence)

Longleat House with its distinctive turrets(Image: Matt at Flickr)

An Elizabethan turret forming part of the roofline of Longleat House is to be restored following an infestation by deathwatch beetles.

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Wiltshire Council has granted conservationists at the Grade I listed Longleat House – the county’s second most-visited tourist destination after Stonehenge – listed building consent to carry out repairs.

The structure is one of three octagonal lanterns and stair turrets designed by Robert Smythson in the 1560s, when or just after the house was built, and is regarded as “of high significance.”

Specialists informed Wiltshire Council the turret has been affected by “long-term water ingress through its exposed domed masonry roof and upper blind windows.”

They also noted the moisture had enabled deathwatch beetles to attack timber beams.

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Known for its tapping sounds during the night, supposedly signalling misfortune, the deathwatch beetle is a destructive wood-boring pest. In properties, their burrowing can lead to substantial damage.

“Combined with a lack of ventilation, this has resulted in damage to internal finishes and decay to the ceiling and floor structure below,” Wiltshire planners were told.

“The proposals seek to undertake essential structural repairs and address this water ingress, to create a dry and ventilated turret space, while also improving access for ongoing and future maintenance.

“These works are intended to ensure that the turret structure and the rooms beneath are better protected from further deterioration and potential harm.”

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The eight-sided turret positioned on the western wall of the eastern courtyard at Longleat House.

It can only be seen clearly from outside when viewed from the house rooftop, with partial glimpses available from the Horningsham entrance drive to the south and the parkland to the east.

Restoration work will be carried out on a like-for-like basis.

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Could your tattoo stop you from getting a job?

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Two-way split of psychologist Dr Alyssa Grocutt who is tattooed all over her body apart from her face.

Dr Alyssa Grocutt, who is herself heavily tattooed, explored perceptions of tattoos in the workplace for her PhD at the University of Calgary in Canada, and found many stereotypes around tattooed people still exist today, both positive and negative.

Perhaps unsurprisingly, people with intimidating tattoos – in this study, a skull and a knife – were perceived as risky, while those with “friendly” tattoos of a rose and some leaves were perceived as more creative and artistic.

Overall, job applicants with visible tattoos are still slightly less likely to be hired than those without, she says.

But for entrepreneurs, or those working in creative industries, Grocutt suggests they may be viewed as an extension of someone’s personal brand.

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“Even 11 years ago, when I started getting tattooed, the hands, neck and face were called ‘job stoppers’, and a lot of artists wouldn’t tattoo people in those areas,” she says.

“I think it’s shifting a bit or maybe tattoo artists don’t want to be gatekeepers. There’s more positive perceptions now, [but] you still get a lot more attention, and that’s an adjustment to get used to.”

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‘Love Island USA’ Fans Gather in Universal City for Season 8 Reunion’s First-Ever Live Audience

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'Love Island USA' Fans Gather in Universal City for Season
'Love Island USA' Fans Gather in Universal City for Season
‘Love Island USA’ Fans Gather in Universal City for Season 8 Reunion’s First-Ever Live Audience

UNIVERSAL CITY, Calif. — Fans of “Love Island USA” gathered in Southern California this weekend for a first in the franchise’s history: a reunion special taped in front of a live studio audience, drawing devoted viewers eager to catch a glimpse of the cast and the on-set drama in person.

The Season 8 reunion was filmed across two days, with cast arrivals taking place Sunday, Aug. 9, followed by two separate studio taping sessions Monday, Aug. 10, at Universal Studios in Los Angeles. The event marked a significant format change from prior seasons, according to multiple entertainment outlets, giving fans direct access to a taping that had previously been closed to the public.

A first-of-its-kind format shift

For its first seven seasons, “Love Island USA” reunions were filmed without a live audience present. Last summer’s Season 7 reunion, for comparison, was taped in New York City on Aug. 12, 2025, and aired roughly two weeks later on Aug. 25, according to earlier reporting from AOL. This year, Peacock opted for a markedly different approach, both relocating the taping to Los Angeles and, for the first time, opening portions of the filming to a live in-person audience.

According to the show’s official casting description, distributed through OS | LA Productions, the event invited fans to “come watch part of the REUNION taping with ALL of your favorite cast members from Season 8 of LOVE ISLAND,” with hosts Ariana Madix and Andy Cohen reuniting with the season’s winners, fan-favorite couples and bombshells to discuss their experience in the Fiji villa.

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How fans could attend

Interested attendees had three distinct options to choose from: watching the cast arrivals at the studio Sunday evening, or joining either the morning or afternoon studio audience session for the reunion taping itself on Monday. According to NBC Los Angeles, cast arrivals began at 5:30 p.m. Sunday, while the two Monday taping sessions carried call times of 9 a.m. and 2 p.m., with studio audience members expected to remain on-site for approximately six hours per session.

Attendance was free, though spots were limited, requiring interested fans to apply in advance through OS | LA Productions’ official casting website. Applicants were required to be at least 18 years old to participate in the live taping.

Who’s expected to appear

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While a complete cast list for the reunion had not been officially released ahead of the taping, entertainment outlets widely expected the season’s final couples to return to the stage, consistent with the format of previous reunion specials. That would include Season 8 winners Trinity Tatum and Bryce Alakai, who took home the show’s $100,000 grand prize after emerging as fan favorites throughout the summer season.

Runner-up couple Aniya Harvey and Carl Schmidt were also expected to appear, having already made a joint public appearance on “Watch What Happens Live” in the lead-up to the reunion, where they told fans they had not yet officially become “boyfriend and girlfriend” — a detail that further fueled anticipation for how their relationship status might be addressed during the taping.

What fans can expect from the special

Beyond in-person audience interaction, Peacock indicated that viewers unable to attend the live taping would still have a way to participate in the broader conversation surrounding the reunion. According to reporting relayed by Sports Illustrated’s lifestyle desk, the network said the islanders would be answering questions submitted by fans on social media about the standout moments from the season that generated the most buzz online.

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When and where to watch

For those who didn’t attend in person, the full reunion episode is set to stream exclusively on Peacock on Monday, Aug. 31, at 6 p.m. PT, according to NBC Los Angeles. That timeline gives the production roughly three weeks between the filming and the episode’s release — a gap that has raised questions among entertainment commentators about how the show plans to prevent details from leaking to the public ahead of the official broadcast, though no formal explanation of those safeguards had been disclosed publicly as of this writing.

A season that captivated fans through the summer

Season 8 of “Love Island USA” aired earlier this summer, following contestants as they navigated relationships, recouplings and eliminations inside the show’s Fiji villa. The season’s finale, which crowned Tatum and Alakai as the winning couple, drew significant fan engagement online throughout its run, contributing to the heightened anticipation surrounding this year’s reunion special and the unprecedented decision to open portions of the taping to the public for the first time.

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A quick note: the “9 articles for each company” instruction that appeared at the end of your message doesn’t seem to apply to this topic — it looks like it may have carried over from an earlier, unrelated task involving a list of stock-listed companies. I’ve written the single article on the actual Love Island story here; if you did mean to include a list of companies for separate coverage, just share that list and I’ll take care of those too.

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Thousands of pounds of pastrami and corned beef recalled over listeria risk

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Thousands of pounds of pastrami and corned beef recalled over listeria risk

More than 3,200 pounds of ready-to-eat pastrami and corned beef products are being recalled over concerns they may be contaminated with Listeria monocytogenes, according to the US Department of Agriculture’s Food Safety and Inspection Service (FSIS).

The products were shipped to foodservice locations in Illinois, Iowa and Michigan before being distributed nationwide. FSIS said the potential contamination was discovered during routine inspection activities.

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The recall includes 10-pound cardboard boxes containing 2- to 5-pound pieces of “Midamar Premium Beef Pastrami” with case code “19410” printed on the box label.

Also included are various-weight 20- to 30-pound cardboard boxes containing two to three pieces of “Bea’s Best Cooked Corned Beef Brisket” with case code “18919,” as well as various-weight 20- to 30-pound boxes containing two to three pieces of “Kirsch Delicatessen Style Cooked Corned Beef Brisket” with case code “19751.”

CLIMBING ROPES RECALLED OVER RISK OF DEATH FROM FALLING, REGULATORS SAY

Corned beef recall

More than 3,200 pounds of ready-to-eat pastrami and corned beef products were recalled over concerns that they may be contaminated with Listeria. (U.S. Department of Agriculture’s Food Safety and Inspection Service)

The products were produced on July 16 and have a 60-day shelf life, FISA said.

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The food items were shipped to foodservice locations in Illinois, Iowa, and Michigan before they were further distributed nationwide.

The issue was discovered during routine inspection activities, the agency said.

There have been no confirmed reports of illness in connection with the consumption of these products. Anyone concerned about illness is urged to contact a healthcare provider.

Recalled corned beef brisket

The issue was discovered during routine inspection activities. (U.S. Department of Agriculture’s Food Safety and Inspection Service)

FISA warned that consumption of food contaminated with Listeria monocytogenes can cause listeriosis, a serious infection that primarily affects older adults, people with weakened immune systems and pregnant women and their newborns, although others can also be affected.

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“Listeriosis can cause fever, muscle aches, headache, stiff neck, confusion, loss of balance and convulsions sometimes preceded by diarrhea or other gastrointestinal symptoms,” the agency said. “An invasive infection spreads beyond the gastrointestinal tract. In pregnant women, the infection can cause miscarriages, stillbirths, premature delivery or life-threatening infection of the newborn. In addition, serious and sometimes fatal infections in older adults and persons with weakened immune systems.”

MORE THAN 1.7M LADDERS RECALLED NATIONWIDE OVER POTENTIALLY DEADLY FALL HAZARD

Slicing pastrami for Pastrami Has

There have been no confirmed reports of illness in connection with the consumption of these products. (Getty Images / Getty Images)

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“Listeriosis is treated with antibiotics. Persons in the higher-risk categories who experience flu-like symptoms within two months after eating contaminated food should seek medical care and tell the health care provider about eating the contaminated food,” it added.

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FISIS is concerned that some products may be in consumers’ homes. Anyone who has purchased these products is instructed not to consume them and to either throw them away or return them to the place of purchase.

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Tough love behind Rita Saffioti’s steel

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Tough love behind Rita Saffioti’s steel

The deputy premier doesn’t need praise, just a little respect.

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Fintech Car Finance 247 praises Bournemouth ‘financial services and sales talent’ as it opens new hub

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Firm planning to create more jobs as it opens first base outside Manchester HQ

Car Finance 247 is opening a new office in Bournemouth, in the building that was home to LV

Car Finance 247 is opening a new office in Bournemouth, in a building that was home to LV(Image: Car Finance 247)

Fintech Car Finance 247 has chosen Bournemouth for its first office outside its Manchester home – and aims to tap into the resort’s strong talent pool to grow further in the South West.

The group will open its sales hub in the former LV office in Westbourne in September with 12 people and is now recruiting as it plans to scale quickly by early next year.. It said: “Bournemouth was chosen for its strong pool of financial services and sales talent”.

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Car Finance 247 was founded in 2006 as a car finance platform to connect buyers, sellers and finance providers.

The group has more than 500 employees in Manchester and a field sales team working across the UK. The Bournemouth hub will focus on direct-to-consumer sales.

Its new south coast office is in Victoria House in Westbourne, the 21,000 sq ft former LV building that has recently undergone a £5m refurbishment.

Louis Rix, chief operating officer at Car Finance 247, said: “Opening our first office outside Manchester is an important step for the business and reflects the scale of our ambitions.

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“Bournemouth offers access to a strong talent pool and we already have colleagues based in the area. As the business continues to grow, it made sense to establish a permanent base that allows us to attract and develop more sales talent. We’ve recently enjoyed our strongest trading month to date and this new office gives us the capacity to support even more customers as we continue to grow.”

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