Boxer David Haye is the latest famous face investing in a startup August 3, 2016 The boxer David Haye is the latest famous face to get into the venture business, investing in recruitment startup Syft. Heavyweight Haye has joined VC firm Profounders Capital, Lord Young – David Cameron's former enterprise adviser – and other entrepreneurs, to invest seed stage cash of £2.65m in the startup. Syft is aimed at making it easier to recruit temporary staff [...]
City Moves for 11 August 2016 | Who’s switching jobs August 11, 2016 The Crown Estate UK real estate business, The Crown Estate, has appointed Robin Budenberg as chairman. Robin is a prominent figure from the UK finance sector and his appointment follows the retirement of Sir Stuart Hampson. He is currently London chairman of Centerview Partners and a non-executive director for Charity Bank and the Big Society Trust. Robin is the [...]
Shares, stocks and corporate news: What you need to know before the open August 8, 2016 The FTSE is expected to begin the week cautiously as the markets continue to absorb a dramatic week in the UK and a pair of surprises from overseas. The FTSE 100 is expected to open trading up 3 points at 6,796, while the German DAX is predicted 14 points higher at 10,381, and the French [...]
New homes on sale in London: from restored Victorian terraces in Bayswater to new homes in up-and-coming Walthamstow August 4, 2016 Brackenbury Square, Hammersmith From £550,000 Live the west London village life a short walk away from Goldhawk Road tube station at Brackenbury Square. The Notting Hill Sales development takes its name from nearby Brackenbury Village, which is in the Hammersmith Grove Conservation Area with all the boutiques and independent shops the village name engenders. There [...]
Banks need to act swiftly to avoid Brexit problems, warns report August 1, 2016 The banking sector needs to think quick to swerve some of the more negative effects of June's Brexit vote, a report out today suggests. The study by the Boston Consulting Group (BCG) warns that, not only will the worsened economic outlook take its toll on banking sector performance, banks need to be preparing for action now, [...]
How have bank share prices reacted to the Competition and Markets Authority’s (CMA) retail banking investigation? August 9, 2016 Investors were decidedly nonplussed by the Competition and Market Authority (CMA)'s recommendations for an "open banking" revolution in the UK's retail banking sector this morning. Share prices at London-listed organisations moved in most directions, with the big lenders slightly outperforming the market, but challengers heading both up and down – suggesting traders aren't convinced the CMA's work [...]
The hell of being middle-aged: The financial pressures of children and ageing parents mean that 45 to 54 year-olds are more likely than any other group to be saving nothing for retirement December 14, 2016 New research has found that an overlooked "sandwich" generation is saving surprisingly little for retirement Young people between the ages of 25 and 34 are often singled out as being the most hard done by in the UK today. Rates of home ownership within this group have fallen dramatically since the early nineties, leading many [...]
With diverging monetary policy and more political uncertainty, should investors expect 2017 to be the year that growth makes a comeback? January 3, 2017 This year is being heralded as a new dawn for markets. The economic malaise which has dogged developed economies since the financial crisis will finally subside; the battle against deflation has been won; fiscal stimulus is firmly on the agenda, and real growth will return. Such optimistic assessments may prove to be on the money. [...]
Reassure EU migrants they can stay or watch these vital workers leave the UK July 11, 2016 The London Stock Exchange is run by a Frenchman. The Bank of England is governed by a Canadian. The mayor of London is the son of a Pakistani immigrant. London is, and always has been, an internationally focused, vibrant city, and this outward facing and welcoming nature must continue. It has now been two weeks [...]
Here are the top places to live for young professionals June 17, 2016 Young professionals are yearning for the seaside as a report out today shows the south coast continues to draw City workers. It is the second year in a row the BN3 postcode of the coastal town of Hove has topped the list of the 20 most popular places for young professionals to live, compiled by Lloyds Bank. [...]