Ernesto and Kirsty Bertarelli are officially the richest couple in the UK while Sir Philip and Lady Green’s fortune declines | City A.M. May 2, 2017 Pharmaceuticals heir Ernesto Bertarelli and his wife Kirsty have been crowned the richest husband and wife in the UK, with a fortune of £11.5bn. The businessman and the former Miss UK saw their joint wealth increase by more than £1bn this year, according to the Sunday Times Rich List, which comes out this Sunday. The [...]
Trump’s first 100 days: how markets have performed April 28, 2017 Is the “Trump bump” over? The surge in the stock market, the dollar and bond yields that welcomed Donald Trump’s arrival at the White House has shown signs of flagging as his first 100 days approaches. Donald Trump sailed into the White House on a wave of populist, pro-trade polices. He promised to spend big, [...]
How London’s most exciting new arts venues are being built by its most profitable housebuilders April 27, 2017 A famous Churchill anecdote recalls the time the former Prime Minister was asked to cut arts funding to aid the war effort. He refused, apparently, remarking, “Then what are we fighting for?” As with most apocryphal tales, there’s a larger truth at its heart. During times of austerity and uncertainty, grants for culture and entertainment [...]
The architectural legacy of Queen Elizabeth II: Which buildings will define the reign of the current monarch? April 27, 2017 Looking over Westminster from Albert Embankment, a Victorian transported to the 21st century might be confused by the city before them. A host of tall, shiny towers clutter the South Bank; a great revolving wheel looks like a fairground attraction; and in the distance, a peculiar shard of metal emerges out of the mist. These [...]
Where things stand one year after BHS went into administration April 25, 2017 BHS was almost 90 years old when it went into administration a year ago today, but all that remains of its legacy now is a string of empty shops and an online store. When retail tycoon Sir Philip Green sold the chain for just £1 to serial bankrupt Dominic Chappell in 2015, he set off [...]
UK house prices: What the General Election means for the property market April 18, 2017 Yet another General Election in the UK means one thing for those trying to sell their homes: uncertainty, in spades, according to the UK property market. What does it mean? Here’s what experts think. Read more: Want to buy a house? London’s bad but the rest of the UK isn’t much better Lessons from history [...]
Seatbelt laws created a new danger – and a lesson for investors April 18, 2017 Australia was first to enact seatbelt legislation in 1970, creating some unexpected results. It underlines an important point for investors about risk, according to value investing blogger Kevin Murphy. No matter what anyone may tell you or try to do, attempts to reduce risk in any system – investment or otherwise – only succeed in [...]
The stock market ‘value’ rally: how far will it go? April 5, 2017 Until 2016 it had been nearly 10 years of plain sailing for growth stocks and the value investment style had been left in its wake. In 2016, however, the tide began to turn, shown on the right-hand side of the chart below. The MSCI World Value Index rose 12.3% over the calendar year in dollar [...]
Imagination Technologies’ warning from Apple: What the analysts say as share price crashes 70 per cent April 3, 2017 Imagination Technologies has gone from potential takeover target by Apple to being warned by the tech giant that its technology will be dropped from future devices. The UK company, which derives around half of its business from its licensing to Apple, indicated that it believes that Apple does not have the capabilities to create its [...]
Central London housebuilding drops 75 per cent as house prices keep falling March 29, 2017 Developers have put the brakes on housebuilding in central London as house prices in the capital dropped at the end of last year. In the fourth quarter of 2016, construction started on 1,270 housing units in the centre of the city, a drop of 75 per cent as compared to the same quarter the year [...]