HSBC profits plummet: This is how City analysts reacted February 21, 2017 HSBC announced a 62 per cent decline in profits for 2016 this morning, dipping to $7.1bn (£5.7bn) from $18.9bn the year before. Shares in the bank dropped 4.5 per cent at the open after HSBC revealed a series of one-off hits had eroded its bottom line last year. Here's what the analysts had to say: Shining example [...]
10 shares to generate £10,000 income in 2019 February 11, 2019 Four years ago, we asked how much an individual would need to invest in order to generate an annual income of £10,000 from corporate dividend payments. Rising yields have allowed us to reduce the amount each year and still meet the income objective, but 2018 proved a stiffer test and requires some explaining. First, big [...]
Moulton-backed litigation funder Manolete Partners lines up £100m London listing May 13, 2018 A litigation funder backed by private equity veteran Jon Moulton is planning an autumn listing in London that could value it at £100m. Manolete Partners, which was founded in 2009, focuses on buying legal claims from insolvent companies or providing litigation funding to help creditors to pursue claims themselves. Better Capital boss Moulton owns more [...]
Is the rise in city living paying off for smart investors? August 22, 2018 City living is experiencing a renaissance and it’s the perfect time for savvy investors to take advantage. As more people choose to leave the capital for a better quality of life in regional city centres, Birmingham has quickly become the top destination for those leaving London. Investing in a regional city such as Birmingham represents [...]
Craft beer brand Brewdog is trying to mature after a tough year of marketing disasters October 22, 2018 It’s been a tough year for Brewdog, much of it the brand’s own fault. Tone-deaf advertising campaigns and PR mishaps have frustrated its fans and “equity punk” investors (I speak from personal experience – I’ve been a shareholder since 2015). The Scottish craft beer brewer, founded in 2007, is as well known for its marketing stunts as [...]
City of London Corporation launches UK-China green finance centre March 26, 2018 The City of London Corporation will today announce the launch of a new green finance centre in China as part of its efforts to make London the go-to location for environmentally friendly fundraising. Charles Bowman, City of London lord mayor, today met the head of the China Green Finance Committee, Ma Jun, in Beijing where [...]
RBS moves another step closer to privatisation as merger of Alawwal with Saudi British Bank takes a chunk of risk off its balance sheet May 16, 2018 It may seem unlikely, but a Saudi Arabian bank merger announced today means Royal Bank of Scotland (RBS) could be one step closer to returning to private ownership. The proposed merger of HSBC-backed Saudi British Bank (Sabb) and Alawwal would allow RBS, which was bailed out by the taxpayer during the financial crisis and is [...]
The many musings of Douglas Flint: Highlights from the HSBC chairman February 21, 2017 HSBC announced its 2016 full-year results this morning, and, alongside the figures, a statement from chairman Douglas Flint. While shareholders have shown all the signs of not agreeing with his assertion "HSBC's performance in 2016 was broadly satisfactory", with shares falling 4.5 per cent on the open after the bank announced its reported pre-tax profits for [...]
Interserve share price soars after striking lender rescue deal March 22, 2018 Interserve was the leading gainer on the FTSE All-Share this morning after the firm yesterday revealed it had secured a make-or-break funding package. Shares rose more than 12 per cent in opening trading building on a surge of a quarter yesterday. They are currently almost eight per cent higher. The firm said yesterday it had [...]
Majority of big banks failing Mark Carney’s climate change requirements February 15, 2018 The world’s biggest banks are failing to take climate change seriously in their business plans, as demanded by regulators, according to research to be published today by a large investor group. Less than half of the 59 international banks surveyed by Boston Common Asset Management have carried out a scenario analysis for if global temperatures [...]