Wall Street slips as banking stocks and stronger pound weigh on FTSE 100 May 17, 2021 Wall Street opened lower this afternoon, reversing a strong recovery late last week as investors turned their attention back to inflation worries. The Dow Jones slipped 0.02 per cent and the S&P 500 opened lower by 0.09 per cent, while the tech-heavy Nasdaq dropped 0.46 per cent at the opening bell. It came after London’s [...]
The difference between privacy DeFi and anonymity is huge July 23, 2021 City AM's Monty Munford unpicks the problems in the difference between privacy and anonymity.
Never go without fizz again thanks to The Finest Bubble’s Champagne Helpline April 13, 2021 There’s no feeling like it. That sinking sensation in your gut. You keep telling yourself it’s not happening; it’s something that happens to other people, not you. You check all the usual places but there’s nothing. No Blanc de Noirs. No Prestige Cuvee. No Extra Brut. So what do you do when you suddenly discover you [...]
Mike Ashley’s Frasers Group says business rates support ‘near worthless’ for large retailers March 5, 2021 Mike Ashley’s retail empire Frasers Group has warned that the business rates support available from July is “near worthless” for large firms, saying it could be forced to close stores. The chancellor announced on Wednesday that the 100 per cent business rates relief would be extended to 30 June, with 66 per cent relief available [...]
BP sells stake in giant Omani gas project for $2.6bn February 1, 2021 BP has this morning sold a 20 per cent stake in a giant gas field in central Oman to Thailand’s national oil company for $2.6bn (£1.9bn). The oil giant will remain the operator of Block 61, the largest “tight gas” development in the Middle East, with a 40 per cent stake. It said that it [...]
Ashtead ‘returns to growth’ with lofty shares up 143 per cent in final quarter June 15, 2021 Equipment rental group Ashtead ‘returns to growth’ with lofty shares in the final quarter after a rocky year, with its total revenue up 23 per cent to £1.27bn. Revenue raked in from rentals alone racked up to around £1bn, up 15 per cent in the three months to 30 April. While operating profits were down [...]
London house prices fall despite market’s coronavirus recovery August 13, 2020 London house prices continued to fall in July, new data revealed today, despite an increase in demand from new buyers. Respondents to the Royal Institution of Chartered Surveyors (RICS) UK Residential Survey also do not expect this demand to continue, as wider government support measures begin to be phased out later in the year. Buyers [...]
33 reasons not to invest in the stock market April 20, 2022 Wars, natural disasters, economic strife, and pandemics – the last four decades have challenged and affected people’s attitude towards investing. In many cases they make an already tough decision to commit your money to investments even harder, leading some to not invest at all. Behavioral scientists have a name for this: loss aversion. They estimate [...]
Carlyle Group buys UK retirement homes group Beechcroft November 4, 2020 Private equity firm The Carlyle Group has acquired UK retirement homes group from Alchemy Partners for an undisclosed sum. The US investment giant’s €540m Carlyle Europe Realty fund invested in Beechcroft, which owns a portfolio of homes in Greater London and South East England. Founded more than 35 years ago, Beechcroft covers the entire development value [...]
Housebuilder Bellway restarts dividend as new orders jump October 20, 2020 UK housebuilder Bellway has resumed the payment of its dividend after the recent surge in housing market activity helped push up forward orders by 43 per cent. The group reported that pre-tax profit fell to £236.7 in the year ended July. That compared to £662.6 a year earlier. However, the future is looking brighter amid [...]