The changing face of income January 8, 2020 Henderson High Income Trust celebrated its 30th anniversary in 2019, having launched in 1989. This was the same year that Tim Berners-Lee invented the World Wide Web. Given Henderson High Income provides shareholder with a high dividend income by predominately investing in UK companies, this article looks at how the internet has led the UK market [...]
10 most-popular funds – June 2019 July 11, 2019 By Jemma Jackson from interactive investor. Passive and active managers jostle for space in last month’s list of favourite funds on the interactive investor platform. interactive investor’s June platform purchases provide further evidence, were it needed, that active management has taken something of a knock in recent times – as well as demonstrating the unstoppable rise of Vanguard. [...]
Lonmin shareholders vote for £226m sale to Sibanye-Stillwater May 28, 2019 Shareholders in Lonmin today passed a lower bid from Sibanye-Stillwater which will create the world’s second-largest producer of platinum. Investors owning nearly 99 per cent of the stock in Lonmin voted for the £226m deal, which was £60m lower than the original proposal. Read more: Lonmin's chief operating officer has resigned The all-share deal gives [...]
UK stocks 2020: Which shares are City A.M. staff backing in the new year? December 30, 2019 The UK stock market looks set to end the year on a high after the Tories’ election win and progress in US-China trade talks alleviated the uncertainty that has weighed on markets for months. But the road ahead is far from clear, with the looming Brexit date of 31st January and various upcoming trade negotiations [...]
Volkswagen turnaround boss Ferdinand Piech dies aged 82 August 27, 2019 Former Volkswagen boss Ferdinand Piech, who has been credited with turning the firm into the global powerhouse in the 1990s, has died aged 82. The grandson of Beetle pioneer Ferdinand Porsche, Piech became Volkswagen chief executive in 1993, transforming it from a medium-sized car maker to an international power. Read more: Former VW boss Martin [...]
Construction output drops sharply in December against ‘grim’ industry backdrop February 11, 2019 Construction output has dropped sharply in December in an industry “stripped of confidence and momentum”. According to the latest Office for National Statistics (ONS) figures, output fell 2.8 per cent month-on-month in December, driving a longer-term stagnation of 0.3 per cent in the final quarter. Read more: Eurozone construction sector endures 'sluggish' start to the [...]
Laing O’Rourke announces third straight year of losses as refinancing details revealed February 19, 2019 Construction firm Laing O’Rourke has finally announced the details of a long-awaited refinancing deal, at the same time as reporting its third straight year of losses. The firm said it has refinanced its UK operations with a £177m revolving credit facility which will see it through to the end of 2021. Read more: Construction output [...]
Tokyo 2020 six months to go: How Japan is looking to Olympic and Paralympic Games as a catalyst for modernisation and regeneration January 22, 2020 The contorted face of the godfather of sumo wrestling, Nomino Sukune, glowers from a mosaic at Tokyo’s New National Stadium. A few metres to the right, a Greek goddess with a laurel wreath is depicted in a similar monochrome mural. Both artworks were salvaged from the previous national stadium, centrepiece of the 1964 Olympics, and [...]
What will it cost to refurbish our crumbling Houses of Parliament? February 25, 2019 From an engineer’s perspective, renovating historic or listed buildings is one of the trickiest projects you can undertake. Such is the case with the Palace of Westminster, which has long been unfit for purpose and is in dire need of a complete overhaul to bring it up to current working standards. It is a gargantuan [...]
Persimmon profit falls as it tries to tackle quality complaints August 20, 2019 Persimmon has reported a drop in profit for the first half of the year as it spent heavily on schemes to aimed to counter complaints over the quality and fire safety of its homes. The figures Britain’s second largest housebuilder reported a 1.4 per cent drop in pre-tax profit, which fell to £509.3m for the [...]