Before the bell: What you need to know before the US market open September 20, 2016 Theresa May has been buttering up Wall Street following the Brext vote and drug giant GlaxoSmithKline has a new chief executive. Here's what you need to know before the US open at 2:30pm London time. The US futures markets are pointing higher ahead of the open. The S&P is up by 0.38 per cent, the Nasdaq [...]
Edi Truell to make bid for Tata UK in the next two days June 29, 2016 Leading City financier Edi Truell has confirmed he will make a bid for Tata Steel's UK assets within the next 48 hours. He told Sky News that, contrary to popular belief, Brexit would benefit the UK steel industry. This is partly due to its improved ability to compete with subsidised German and French industries. Earlier today, Truell told City [...]
Bringing home the bacon: Three ways you can use alternative finance to invest in property August 18, 2016 Property crowdfunding and marketplace lending aren’t for everyone. The former can involve high fees, and you won’t know what your investment is worth without selling it – which can be hard if you’re buying a stake alongside numerous other people. There are risks even with the latter. The property market is very sensitive to the [...]
Shares in housebuilder Redrow rise again as it reassures shareholders over Brexit vote June 28, 2016 Housebuilder Redrow has been one of the biggest casualties of post-Brexit market turmoil, with shares falling 30 per cent between Thursday's close and last night. But it seems investors just needed a little bit of reassurance: this morning shares bounced 9.5 per cent to 322.6p after it put out a statement pointing out everything's going [...]
JP Morgan thinks the Brexit bounce is here to stay August 15, 2016 A leading investment bank expects UK shares to outperform over the rest of the year, as it sees no reason to fear the Brexit bounce is coming to an end. In a particularly bullish note, JP Morgan said today the FTSE 100 is one of the best buys around for investors as the UK is still "cheap" [...]
Meet Ernest: The free financial coach that sits in your Facebook October 24, 2016 When I was at BlackRock, I spent a lot of time on tech that was designed to improve return on investment for people who already had a lot of money,” says Niall Bellabarba, co-founder of Ernest, the intelligent finance coach. “So my starting point was that the man on the street doesn’t have access to [...]
The Amazon Echo is an artificially intelligent speaker and virtual assistant that can play music, order curries and hail an Uber September 14, 2016 The Amazon Echo is a hands-free speaker that you operate using voice commands. Inside it (well, somewhere in the cloud to be precise) lives Alexa, an artificial intelligence and essentially Amazon’s version of Siri. Alexa’s machine-learning algorithms and rapidly expanding skillset make her smarter as time goes on: so while today she can play music, [...]
London house prices: Property owners in prime central London are selling their homes to free up savings, according to new research June 13, 2016 London home-owners are selling their premium properties to free-up savings, according to new research. Four in 10 sellers in London put their homes on the market in order to release their investments in the first quarter of this year, making this the most prominent motivation behind selling up. Just under one third (29 per cent) of [...]
Cobra Beer founder Lord Bilimoria explains the immigration policy behind Britain’s curry crisis July 3, 2016 Since they first started becoming popular in the 1940s, curry houses have become a staple of Britain’s towns and evenings out. The nation’s favourite cuisine was adopted and then adapted from its spicy, South Asian roots to suit our more sensitive tastebuds. Along the way, it has spawned an industry worth £4bn and, directly and [...]
City pro Edi Truell says Brexit encouraged him to put together £1 bid for Tata Steel’s UK assets June 29, 2016 Leading City financier, Edi Truell, was encouraged to put together a £1 bid to save Tata Steel's UK assets by Britain's vote to leave the European Union. "Brexit has made the business a lot more attractive to potential buyers… that has certainly enhanced my thinking," he told City A.M. He said Britain would be better able to impose import [...]