Chelsea star Cesc Fabregas claims “disappointing” Brexit vote will damage Premier League June 25, 2016 Chelsea midfielder Cesc Fabregas believes Premier League clubs will struggle to sign players after the UK voted to leave the European Union. The former Arsenal captain, currently playing for Spain at Euro 2016, expressed surprise and disappointment at the result of the referendum. Fabregas joined Arsenal as a teenager from Barcelona only thanks to an exemption [...]
US investor Cain Hoy buys historic Mayfair block for £80m April 5, 2016 Cain Hoy, US investment firm backed by Guggenheim Partners, has snapped up a historic building in one of Mayfair's luxury shopping streets for £80m. The five storey terracotta building at 19 South Audley Street dates back to 1845 and is best known for housing china and silverware retailer Thomas Goode's emporium since that time. It also has offices and flats on the [...]
Before the bell: What you need to know before the US market open April 28, 2016 The futures market is pointing to a weaker open on Wall Street after the Bank of Japan decided not to issue further stimulus measures, taking the market by surprise. Earlier the Dow Jones Industrial Average and S&P 500 futures were down 0.8 per cent, while Nasdaq futures were 0.6 per cent lower. The Bank of Japan left its [...]
Why Brexit could be the shock that saves the euro June 21, 2016 Threatened by the possibility of a British exit from the European Union, politicians across the continent have rightfully defended the fragile politico-economic bloc from a vote that could open the door for more countries to leave. But could such an upset potentially yield a brighter future for Europe and, more specifically, the countries that share [...]
Maturity of Aim questioned as it celebrates its 21st birthday June 20, 2016 The London Stock Exchange’s alternative investment market (Aim) has turned 21. But, in a happy birthday message, Hargreaves Lansdown has questioned its maturity. Senior analyst Laith Khalaf highlighted in a note this morning how the FTSE Aim Index has fallen by 30 per cent since its launch. Read more: Here's why you should invest on [...]
These are the five things that make people happy in the UK April 15, 2016 Is that six-figure salary not giving you the fulfilment you thought it would? Well don't worry; there are lots of other ways to find happiness. The ONS released today the five things that make people in the UK happy, and (brace yourselves) money is not one of them. 1. Wedding bells The happiest people in [...]
Aviva doubles chief executive Mark Wilson’s pay packet to £5.6m in 2015 after Friends Life acquisition March 29, 2016 Insurance giant Aviva has doubled the pay of its chief executive Mark Wilson to £5.6m in 2015, up from £2.6m in 2014 following the acquisition on rival Friends Life. The company posted a 20 per cent rise in operating profit for 2015, along with a 15 per cent dividend hike to 20.8p. Ballooning executive pay packets have been [...]
EU referendum: What will individual company share prices do after the vote? June 23, 2016 The stock market may have started today on a high, but nobody expects tomorrow's open to be quite so smooth. Whatever the vote, analysts are expecting movement. UBS warned 20 per cent could be wiped off the FTSE 100 in the event of a vote to leave – a move which would take the index down [...]
EU referendum: Everything you need to know the morning after Brexit June 25, 2016 It has been 24 hours since we received confirmation that the UK had voted to leave the European Union and Westminster, the country, Europe and the world are still in shock. Whatever side of the debate you were on, the result was a surprise. Seconds after polls closed on Thursday evening Ukip leader Nigel Farage all but conceded, [...]
Why Turkey will be the first of the emerging market dominoes to fall June 14, 2015 Like a lion ambling out of the mists of the Serengeti in search of its first meal of the day, first-rate political risk analysts must possess the sixth sense of always looking for the weakest water buffalo. Delving beneath the happy talk and self-serving comments governments invariably put about regarding their countries’ economic prospects, they [...]