Interserve share price in freefall as support services sickness spreads September 14, 2017 Interserve shares plummeted this morning after delivering a warning that had the hallmarks of problems that blighted its support services rivals. The London-listed firm surprised the market with a double helping of bad news. More than £116m has been wiped off the firm’s market cap this morning with Interserve’s shares over 50 per cent down. [...]
Revealed: Behind the scenes of Carillion’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
Carillion share price: Behind the scenes of the construction giant’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
The avocado toast generation needs houses, not lectures on frugality November 17, 2017 The avocado toast generation just can’t catch a break. On Tuesday, a contrarian estate agent published a report guaranteed to antagonise everyone under 40, claiming that a millennial couple could easily save up the £90,000 average deposit for a first home in London, if only they spent less on silly things like sandwiches and lottery [...]
Crossrail 2 latest: Mayor Sadiq Khan and transport secretary Chris Grayling agree next steps for Crossrail 2 | City A.M. July 24, 2017 After a number of wobbles, the future of Crossrail 2 has been given a boost today after transport secretary Chris Grayling and London mayor Sadiq Khan said they had agreed on the next steps for the £31bn rail project. In a joint statement after meeting for talks last week, they said there was “no doubt” [...]
OECD: Reversing Brexit would give “significant” boost to UK economy October 17, 2017 Reversing Brexit would give the UK economy a “significant boost” the Organisation for Economic Co-operation and Development has claimed. A major report, presented in London today, claims that increasing domestic pressures combined with the uncertainty of Brexit could hamper growth in the medium term. The 130-plus page report states that after a “good performance” in [...]
Whitehall feud over Crossrail 2: Ministers push back against Transport for London (TfL) funding plan for £31bn route June 22, 2017 Rising tension between the government and Transport for London (TfL) over funding plans for Crossrail 2 is threatening to shunt the £31bn infrastructure project into the sidings. TfL submitted its business and funding case for the new cross-London rail route to the government in March, but transport secretary Chris Grayling has yet to give the [...]
A life off-grid with no energy bills is closer than you think. Here’s what the future has in store for sustainable homes September 26, 2017 "Right," says eco-developer Sam Budhdeo, rubbing his hands together. “We think we have the solution to climate change.” As openers go, it’s a bold one, but not quite as outlandish as it sounds. The housebuilder who successfully cracks the code to building sustainably – and affordably – would be solving a large part of the [...]
Myths and legends: the bespoke portfolio June 19, 2017 Britain’s wealth management industry is in need of big overhaul. The bespoke portfolio – which is more likely to underperform than a centrally managed portfolio and cost clients more – illustrates why this industry is ripe for change. Imagine you take your pension and ISAs to a typical wealth manager. Arrive with £50,000 or £100,000 [...]
Behind the hype: Machine learning in investment management August 11, 2017 In a recent article, I discussed some of the significant progress being made in machine learning–enabled artificial intelligence and some of its potential drawbacks as well as the challenges it poses for regulators. Now, I want to bring your attention to a very interesting Barclays report that looks at the deployment of quantitative fund strategies, [...]