Sir Philip Green in talks to secure £300m by Christmas November 3, 2019 Embattled retail magnate Sir Philip Green is in talks with lenders about borrowing more than £300m that he needs by Christmas to pay off a loan secured against his flagship Oxford Street Topshop store. Read more: Sir Philip Green’s Arcadia reveals huge losses amid CVA controversy Among the possible suitors is US private equity company [...]
The City View: Innovate Finance summit roundup, and two Lidl adverts banned April 6, 2022 Today Andy Silvester chats to City A.M. reporter Charlie Conchie, and whistles through the main headlines you need to know. Andy and Charlie go through this week’s fintech Innovate Finance summit — they discuss the London Stock Exchange CEO’s comments yesterday on bosses needing a pay boost; Ron Kalifa’s views on the mindset shift needed [...]
RBS takes share price hit after analyst downgrade August 15, 2019 The Royal Bank of Scotland was hit this morning as the bank went ex-dividend and two brokers had lowered their forecasts for the company’s shares. Analysts at Macquarie downgraded the company from buy to neutral this morning, slashing its target price to 201p, from 246p. IT came after the bank’s second-quarter adjusted operating profits fell [...]
First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
Royal Bank of Scotland shareholders in High Court in dispute over £200m settlement April 16, 2018 Lawyers for Royal Bank of Scotland (RBS) shareholders awarded £200m by the bank demanded documents today from the original action group so they could pay shareholders their share of the settlement. In a High Court hearing today, lawyers for the shareholders instructed by Manx Capital Partners argued that the RBOS Shareholder Action Group should hand [...]
Global dividend payments fared better than expected due to strong fourth quarter February 22, 2021 Global dividend payouts fared better than expected last year after a strong fourth quarter kept total cuts to $220bn. Janus Henderson’s latest Global Dividend Index reveals that although payments fell 12.2 per cent over the year, it was better than the previously forecasted $1.2 trillion. This was largely because fourth quarter cuts were less severe, [...]
Markets live: FTSE 100 rebound sours as traders await Fed rates decision June 10, 2020 The FTSE 100 faltered as an initial rebound quickly turned sour and the UK index fell back into the red by the afternoon. London’s blue-chip index pushed 0.74 per cent higher as markets opened today, before dipping into the red by mid-morning. The FTSE pared back some of the losses by the afternoon but edged [...]
Doceo market insights- Chips & Stout: How investment trusts can protect against inflation June 6, 2022 The promise This article will explain how an extra-large portion of chips and the finest Stout is just one of a number of strategies being deployed by investment trusts to tackle the threat of a sustained period of inflation. But first… The problem: too much tomato ketchup “The Federal Reserve and several administrations have [...]
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 [...]
The Gym Group beats expectations on strong reopening demand May 26, 2021 The Gym Group today said trading had outperformed expectations since the easing of lockdown measures as Brits flocked back to its venues to get in shape. The fitness firm reopened its gyms in England on 12 April, followed by reopenings in Scotland on 26 April and Wales on 3 May. Its entire estate of 187 [...]