Hammerson (HMSO) share price drops as it agrees £3.4bn deal with Intu December 6, 2017 Property group Hammerson has made a recommended £3.4bn offer for rival Intu, in a deal the groups say will create a £21bn portfolio of retail developments across Europe. Shares in Hammerson dropped 3.5 per cent this morning, while Intu’s stock jumped more than 18 per cent. Hammerson has offered 253.9p per Intu share, equivalent to [...]
This property investment trust’s shares are up 28 per cent as it prepares to upgrade to a premium London listing October 24, 2017 Aim-listed K&C Real Estate Investment Trust (REIT) saw its shares shoot up by 28 per cent this morning, as it announced it would raise a new £150m and prepare for a listing on the premium section of the London Stock Exchange. The REIT, which invests in UK residential property, will raise the money by issuing [...]
How to earn passive income: 22 ways to create multiple streams of income January 16, 2017 Making money while you sleep. Has a nice ring to it, doesn't it? After reading books like "Rich Dad Poor Dad" and "4 Hour Work Week," I became interested obsessed with making passive income. Whenever someone needs additional income, the stereotypical suggestion offered is to “get a part-time job.” But what if you don't have [...]
FTSE reshuffles confirmed: Convatec and Smurfit Kappa replace Travis Perkins and Polymetal International in blue-chip index November 30, 2016 Medical products company Convatec has successfully made its way into the FTSE 100 after floating on the London Stock Exchange’s main market at the end of October. Convatec will be joined by Irish packaging firm Smurfit Kappa on the blue-chip index tomorrow morning. Making way are building materials company Travis Perkins, which was forced to [...]
Investec’s wealth manager moves property funds to Thorpe Park and care homes July 26, 2016 Investec Wealth and Investment has turned its attention away from conventional property investment and towards GP surgeries, theme parks, hospitals, care homes and student accommodation. The wealth management and investment services division of Investec said on Tuesday morning that it had redeployed around 20 per cent of its real estate exposure – equating to £200m – from [...]
City Moves for 22 January 2016 | Who’s switching jobs January 22, 2016 RateSetter Marketplace lender RateSetter has appointed Paul Marston as head of SME lending and Angela Yotov as head of legal. Paul joins from Secure Trust Bank, a challenger bank, where he was managing director of the business and commercial division which provides funding for SMEs and property development loans. Prior to that he was a [...]
City Moves for 19 November 2015 | Who’s switching jobs November 18, 2015 EY The professional services firm has appointed partner Gareth James to head up its data and analytics practice within its UK and Ireland assurance business. He joins after 18 years at Deloitte, where he was a UK risk analytics partner since 2011, specialising in and leading on audit and finance analytics. Silicon valley bank The [...]