Mid-cap stock brokers steal a march on bulge-bracket names as the Mifid II era begins February 26, 2018 The City’s bulge-bracket brokers have struggled with increased competition from mid-cap specialists, according to analysis of the biggest winners and losers in client numbers over the last five years. The top three gainers over the five-year period were Peel Hunt, Numis, and Liberum, all of which were founded long after some of London’s oldest financial [...]
Property tycoon Robert Tchenguiz suffers blow in the Supreme Court over discretionary trust April 23, 2018 Property tycoon Robert Tchenguiz has lost a landmark Supreme Court judgment against a conglomerate of advisers he claimed acted negligently when his discretionary trust fell into financial difficulty. The London businessman, thought to be worth around £800m, accused various trustees of the Tchenguiz Discretionary Trust (TDT) of failing to alter the trust’s structure around the [...]
Return to growth for real wages on cards after year of struggle April 15, 2018 Wage growth will outstrip inflation for the first time in over a year if economists’ expectations are realised in data to be published on Tuesday, ending a year in which real-terms pay has sagged. The Office for National Statistics (ONS) is expected to report average earnings including bonuses picked up to an annual rate of [...]
Investec is putting £30m towards this Fulham development February 3, 2017 Invetec is providing a £30m financing facility to developer Meyer Homes for the construction of 58 new homes in Fulham. The 24 month facility will also go toward the building of 9,000 square feet of retail space. In total, the plot is across one acre on Fulham High Street. The development will comprise 48 apartments – [...]
Here are some last minute ISA options March 19, 2018 By adding to your ISA pot each year you can build up a considerable tax-free shelter around your investment portfolio. Over time, this could mean higher returns. Time is running out for investors wishing to use the 2017/18 tax year’s £20,000 allowance, and it is lost forever if you do not use it. While it [...]
Investec’s asset management division earns its stripes, but banking profits fall November 17, 2016 Investec has reported a seven per cent fall in specialist banking profit, but improvements in asset management and wealth and investment divisions. The figures The Anglo-South African group reported a 0.2 per cent drop in ongoing operating profit to £314.5m, though this would have been 0.6 per cent growth on a currency neutral basis. The financial [...]
The Hundred: Why sponsors will like English cricket’s controversial competition proposal June 10, 2018 “Embarrassing and shambolic – a total mess.” No, not the England team’s performance against Pakistan in the First Test at Lord’s last month, but former skipper Michael Vaughan’s verdict on the England and Wales Cricket Board’s proposal for a new eight-team city-based tournament, dubbed “The Hundred”. It is fair to say that the announcement of [...]
Numis strengthens hold on top-tier AIM clients while FinnCap takes biggest share of junior market February 5, 2018 Numis Securities shored up its position as the top broker to the largest companies on London’s junior market in the latest rankings, while FinnCap stuck it out at the top of overall rankings. FinnCap was broker to the highest number of clients on the Alternative Investment Market (AIM) in January, despite losing four since October, [...]
Imperial Brands is expected to reassure the market with new next generation products November 5, 2017 Imperial Brands, the maker of Winston, Kool and Gauloises cigarettes, is expected to post a rise in full-year profit as it gears up to launch new next generation products, potentially including heat-not-burn products, next year. Imperial initially resisted the move into heated tobacco products, but in its half-year results, it was forced to assure analysts [...]
Bitcoin price hits another record all-time high breaking $6,500 November 1, 2017 Bitcoin’s upward streak continues: the cryptocurrency’s price has once again set a record. After breaking the $6,400 mark overnight it’s continued to climb and cracked $6,500, this morning reaching $6,522 at pixel time. News of plans for bitcoin futures had already pusheed it to new highs yesterday. US-based exchange operator CME Group said it hopes [...]