Financial Conduct Authority introduces price cap as it cracks down on rent-to-own sector November 22, 2018 Rent-to-own companies will be hit with a price cap as the City watchdog cracks down on the sector. The schemes, which allow customers to purchase household items such as fridges and washing machines on credit, will be subject to a cap limiting the cost of the product and the charge for credit, the Financial Conduct [...]
Hedge funds circle Kier as construction giant “under shadow of Carillion” September 16, 2018 Hedge funds that made millions from the collapse of Carillion have turned their attentions to Kier as it prepares to shed light on its cost saving plan. The construction giant will reveal details of its streamlining and efficiency programme, alongside its yearly results, later this week. Short-sellers have built a 17.3 per cent short position [...]
Hedge funds circle Kier as construction giant “under shadow of Carillion” September 16, 2018 Hedge funds that made millions from the collapse of Carillion have turned their attentions to Kier as it prepares to shed light on its cost saving plan. The construction giant will reveal details of its streamlining and efficiency programme, alongside its yearly results, later this week. Short-sellers have built a 17.3 per cent short position [...]
London offices: City developments take a pause after bumper 2017 November 28, 2017 City office development fell sharply over the last six months, with the Square Mile pausing after 2017 saw the highest number of completions since the turn of the century. Development activity dropped by 11 per cent, with 7.3m square feet of office space currently under construction. Only eight new schemes, representing 804,000 square feet, started [...]
What role does the state play in corporate governance? April 29, 2019 What do the recent corporate governance scandals involving the Italian oil company Eni, the Franco-Japanese auto alliance Renault-Nissan-Mitsubishi, and the Canadian construction giant SNC-Lavalin all have in common? They each have a surprising culprit lurking behind them: the state. While corporate governance is intended to describe a system by which firms protect shareholder and stakeholder [...]
Best 5 US stocks for an ISA March 28, 2019 By Rodney Hobson from interactive investor. Brexit makes investing overseas especially attractive now, argues our commentator, author and columnist. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. [...]
Telecoms bosses warn of risks to 5G roll-out February 25, 2019 Top executives from Europe's major telecoms firms have identified multiple obstacles that could impede the roll-out of 5G across the continent. Speaking at Mobile World Congress in Barcelona, BT consumer chief executive Marc Allera said that landlords across the UK were preventing the firm from constructing thousands of pieces of key infrastructure such as masts and [...]
Sadiq Khan urged to ‘get a grip’ on London transport as government bails out Crossrail with £350m loan October 26, 2018 London mayor Sadiq Khan has been urged to “get a grip” of transport in the city after the government bailed out the delayed Crossrail project with a £350m loan today. Transport for London (TfL) said the money was needed to continue construction work on the delayed Elizabeth Line. In July, rail minister Jo Johnson announced [...]
Beazley hit with $105m hurricane costs November 8, 2018 Lloyds of London insurer Beazley today said it expects costs of roughly $105m after a series of natural disasters in the US and Asia. Beazley said the payouts following hurricanes Florence and Michael and typhoons Jebi and Trami are in line with expectations. But the insurer, which covers a range of areas including kidnapping and [...]
Tesla cuts car prices in China on tariff fears November 22, 2018 Tesla has said it is slashing the prices of its Model X and Model S sedan cars in China, as it attempts to absorb the hit from US President Donald Trump's ongoing trade war with the region. Prices will be cut on its top two models by up to 26 per cent to make the [...]