Barratt profits double on sales at six-year high July 10, 2014 Barratt Developments, the biggest housebuilder by volume in the UK, yesterday announced it expected annual pre-tax profits to double to around £390m, buoyed by higher demand from a strong property market. The earnings figures would be record-breaking for Barratt, beating analyst forecasts and up from £192m in 2013. The forecast comes as the group saw [...]
When bureaucracy goes wrong: The Environment Agency and onion futures February 12, 2014 THERE is something about onions that brings out the worst in bureaucrats. Orlando Figes’s A People’s Tragedy chronicles the early years of the Russian revolution. Under war communism, the Bolsheviks attempted to exert state control over the entire economy. A long list of vegetables was drawn up, specifying the prices at which they could be [...]
Labour’s faulty rent control plans reflect the shallowness of UK politics today September 8, 2014 WHY DO politicians advocate policies which deal with the symptoms of problems rather than the underlying issues directly? In the past week we’ve seen Liberal Democrats react to expensive childcare by pledging to roll out “free” care for all two year-olds, which they say will help struggling families. George Osborne, meanwhile, has promised to cap [...]
Barts Square: A new quarter in the heart of the City September 5, 2014 Behind the shimmering tower of 200 Aldersgate – a modern office block at London Wall – is a myriad of streets that once served as the City of London’s trading lifeline. They wind in between Smithfield meat market, the Barbican, St Bart’s Hospital and up to the Old Bailey and the cells of Newgate Street. [...]
DIY investing: Five crucial tips to remember when going it alone November 25, 2014 Think carefully about your risk profile and platform choice REFORMS to the way financial advice is charged for in the UK have led to a sharp uptick in the number of investors shunning advisers in favour of self-managed portfolios bought through a platform. The Retail Distribution Review (RDR), introduced at the end of 2012, stopped [...]
London’s philanthropists recognise the long-term value they can generate October 5, 2014 Lord mayors have been involved in philanthropy for many centuries, and my predecessors founded some of the greatest charitable ventures existing today – from schools and hospitals to water conservation and sanitation. They knew, as we do, that the sucesss of London and the UK depends on the strength and sustainability of our communities and [...]
Thinking bigger: My Voucher Codes founder Mark Pearson talks Fern Britton and young tech entrepreneurs November 16, 2014 While we’re talking, it suddenly dawns on Mark Pearson that it’s his company’s eighth birthday. “It’s definitely around now,” he laughs, raising his empty plastic water cup in the air. In June of this year, Pearson sold My Voucher Codes, as part of his parent company Markco Media, to global mobile money technology provider [...]
Who is Lord Jonathan Hill? Profile of the new EU financial services commissioner September 11, 2014 Lord Jonathan Hill, the newly appointed EU financial services commissioner, is something of a political quiet man. His old friend and former colleague Lord Tim Bell calls Hill “one of those chaps who goes red in the face when he speaks”. His new role will be seen as a significant boost for David Cameron’s [...]
Speak to the experts for great exchange rates and fee-free online transfers September 17, 2014 It's been an unsettled summer for sterling. Back in July, it seemed that the pound could do no wrong. A stream of encouraging economic data emanated from the UK. Upbeat employment figures, strong PMI readings and a statement from the Governor of the Bank of England, Mark Carney, which suggested that interest rates could rise [...]
Time is money: Why are watches so expensive? December 3, 2014 There’s a very good reason top quality watches can set you back six figures. Let us start with a description of two dramatically different approaches to highend mechanical watchmaking. Bear with me. Firstly: “At certain moments you might leave the drawing and let the metal guide you… I really value the fact that I can [...]