A calendar of potential investment shocks on the horizon December 2, 2016 The vote for Brexit and the victory of Donald Trump in the US election have been seen by some as an anti-establishment backlash and a vote against the economic status quo. Like Brexit, the implications of Donald Trump’s presidency remain unclear. The market’s response to both events has been to fluctuate wildly. While investing [...]
A calendar of potential investment shocks on the horizon December 2, 2016 The vote for Brexit and the victory of Donald Trump in the US election have been seen by some as an anti-establishment backlash and a vote against the economic status quo. Like Brexit, the implications of Donald Trump’s presidency remain unclear. The market’s response to both events has been to fluctuate wildly. While investing for [...]
Edi Truell to make bid for Tata UK in the next two days June 29, 2016 Leading City financier Edi Truell has confirmed he will make a bid for Tata Steel's UK assets within the next 48 hours. He told Sky News that, contrary to popular belief, Brexit would benefit the UK steel industry. This is partly due to its improved ability to compete with subsidised German and French industries. Earlier today, Truell told City [...]
Fuller’s brews mixed results as premium pub sales rises but beer demand falls July 21, 2016 London brewer and pub owner Fuller, Smith and Turner's premium pubs business grew in the second quarter in a "challenging" trading environment, but the company was hit by a drop in beer and cider demand. The figures Like-for-like sales in the company's managed pubs and hotels division rose 2.1 per cent in a trading update for the 16 [...]
Bovis Homes Group reports strong revenue and profit growth but states it is too early to tell impact of EU referendum August 15, 2016 Bovis Homes Group struck a bullish tone in their half year results, with growth across a range of metrics. The catch? It's too early to tell the impact of the EU referendum. Its share price fell by more than two per cent on the news. The figures Bovis Homes Group posted revenue of £412.8m for the [...]
UK house prices: Supply of properties for sale crashes to 11-year low as National Association of Estate Agents warns “We’re reaching crisis point” September 25, 2015 The supply of houses for sale has slumped its lowest level for 11 years, exacerbating fears that housing affordability is set to continue declining. The number of properties available to buy per estate agent branch dropped to 38 in August, according to figures released today by the National Association of Estate Agents (NAEA) – a [...]
The fashion industry has slumped into negative growth for the first time in six years June 29, 2016 The fashion industry is in negative growth for the first time in six years, as the high street struggles with retail failures and declining footfall. Figures from Kantar Worldpanel show a 0.1 per cent fall in the spend on fashion goods such as clothing, footwear and accessories in the year to 5 June. Read more: 2016 set [...]
FTSE-listed housebuilder share prices have tumbled after McCarthy & Stone’s gloomy Brexit outlook September 2, 2016 Just when we thought things were beginning to look up, housebuilder shares uniformly drooped this morning, after retirement home builder McCarthy & Stone presented a gloomy outlook about the impact of Brexit. Persimmon was the biggest faller among the FTSE 100-listed builders, dropping 2.9 per cent to 1,815p in mid-morning trading. That was followed by Berkeley [...]
London house prices: First of many? Foxtons issues profit warning after Brexit vote June 27, 2016 Shares in struggling estate agent Foxtons plummeted as the market opened after it became one of the first property giants to issue a profit warning off the back of the UK's Brexit vote. Shares fell more than 16 per cent to 112.94p after the company put out a statement this morning saying challenging conditions it had previously referred to [...]
These are eight surprise winners and losers from the EU referendum July 23, 2016 Today is the one-month anniversary of the EU referendum. After years of debating whether or not a referendum on EU membership would be held, on 23 June the UK's voting populace trudged to polling stations and decided 52 per cent to 48 per cent to leave the organisation. Here are eight of the (perhaps surprising) winners and [...]