Mayor backs London tech startups for City innovation September 5, 2018 Meet the fourteen startups that made the mayor of London's shortlist to tackle the capital's key challenges across seven sectors. Launched in June as part of London's smart city initiative, Sadiq Khan's Civic Innovation Challenge will later award seven of these startups – one for each challenge – a grant of £15,000 to test their ideas [...]
Shares in housebuilders and UK banks jump on new Brexit deal optimism October 11, 2019 Shares in UK housebuilders and banks jumped this morning on renewed optimism a Brexit deal is achievable. Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar met yesterday, with Varadkar saying he believes a deal is possible by 31 October. Read more: Sterling barrels past $1.25 as Donald Tusk welcomes progress on Brexit talks [...]
Three reasons why the UK stock market looks compelling May 31, 2019 Whatever the opposite of a sweet spot is, many investors think UK equities are currently in one. With Brexit still unresolved, some have put the market in the “too difficult” basket. While it is understandable to fear uncertainty, as stock pickers we embrace the mis-priced opportunities created by it. The global nature of the market [...]
Connection Capital raises £8m from private investors for Volkswagen and Lloyds Bank litigation funder Therium July 19, 2017 Connection Capital, a specialist syndicator of investment funds from private investors, has raised £8m for litigation funder Therium. This largest ever fundraise from Connection Capital, and its third commitment to Therium, will bring the total invested by the firm in litigation funding to £16m. Read more: Woodford-backed litigation funder Burford Capital stands to profit from [...]
Connection Capital raises £8m from private investors for Volkswagen and Lloyds Bank litigation funder Therium July 19, 2017 Connection Capital, a specialist syndicator of investment funds from private investors, has raised £8m for litigation funder Therium. This largest ever fundraise from Connection Capital, and its third commitment to Therium, will bring the total invested by the firm in litigation funding to £16m. Read more: Woodford-backed litigation funder Burford Capital stands to profit from [...]
Business confidence falls amid warnings Brexit uncertainty is holding back investment August 30, 2018 Business confidence fell significantly in August as firms batten down the hatches for a bumpy year, according to a closely followed survey of British companies. The balance of firms expecting stronger trading prospects in the coming year fell by five points to 29 per cent, according to the Lloyds Bank survey of more than 1,000 [...]
21 UK stocks in danger from a Labour election win November 15, 2019 The Labour party today announced it will nationalise parts of BT if it wins power in December’s General Election. The party would nationalise the telecoms giant’s Openreach fibre rollout arm in a bid to create a UK-wide network owned by the government. Read more: BT chief executive warns Labour’s part-nationalisation would cost £100bn Shadow chancellor [...]
Thomas Cook boss says ‘blame the lenders’ after holiday giant’s collapse September 29, 2019 The last ever boss of collapsed holiday giant Thomas Cook has laid the blame for the 178-year-old firm’s failure firmly at the door of its lenders. Former chief executive Peter Fankhauser said if bondholders and a syndicate of banks – including Barclays, Morgan Stanley, Lloyds and Royal Bank of Scotland – had taken action to [...]
European stock markets fall on China data and Brexit October 14, 2019 European stock markets opened lower on Monday after data showed Chinese imports and exports falling and new doubts emerged over a Brexit deal. Germany’s Dax index led Europe downwards, falling 0.6 per cent by 9.30am UK time, while the pan-European Euronext 100 had fallen 0.7 per cent. Britain’s FTSE 100 was 0.4 per cent lower, [...]
TSB forced to delay switch from Visa to Mastercard after bank’s computer collapse August 27, 2018 High street lender TSB has been forced to delay a switch to Mastercard for its card payments as it focuses on getting its computer systems back to health following the IT collapse it suffered earlier this year. TSB had planned to leave Visa Europe for its card operations by the end of this year, but [...]