A group of Saudi, Emirati and British investors have reportedly tabled a $1.3bn bid for the iconic Grosvenor House and Plaza hotels July 26, 2016 One of London's most iconic hotels may be facing new ownership after a consortium of family offices from Saudi Arabia, the United Arab Emirates and the UK have tabled a $1.3bn (£989m) bid to acquire Grosvenor House Hotel and majority stakes in two New York sites. UK family office 3 Associates announced today that it had submitted an [...]
Why markets are so calm about the coming triggering of Article 50 March 13, 2017 Brexit is back and this time it looks for real. The UK government’s decision to trigger Article 50 imminently means the start of official negotiations with the European Union on the exit plan. But while financial markets remain cautious, the tension seems to be less as compared to the 23 June referendum vote. There are [...]
Relief rally remains as Brexit sell-off reverses June 29, 2016 The FTSE 100 has bounced back from the post-referendum crisis with another strong open, rising 2.4 per cent today. Every single company rose higher in the first minutes of trading, as investors return to downtrodden stocks and the appetite for risks returns. The index stood at 6,286 – just 50points shy of where it closed [...]
Carney’s Brexit bonanza sends FTSE 100 to a 12-month high August 5, 2016 Stock markets have hit their highest levels of the year on the back of the massive stimulus programme unveiled by the Bank of England yesterday. The FTSE 100 surged 0.6 per cent at the open, adding to a 100-point gain yesterday to stand at 6,780 in mid-morning trading. That took the index to a 12-month high, [...]
Hong Kong based IOHK invests in Blockchain research lab July 12, 2017 A Hong Kong-based cryptocurrency research and development company is investing in a research laboratory at The University of Edinburgh's School of Informatics. IOHK is a global company of 70 people, incorporated in Hong Kong. Its researchers and developers work remotely in countries from South America to Japan, where it also has a small office. It [...]
A quarter of business services jobs are at risk from robots July 12, 2016 First, the bad news…. a quarter of all jobs in the business services sector are at risk from being taken over by robots. Automation of jobs is likely to make at least 800,000 jobs in the sector obsolete, but as many as one million could be at risk over the next 20 years, according to Deloitte. [...]
A bank is close to replacing Waitrose as the main sponsor of English cricket June 17, 2016 Waitrose is set to be replaced as the main sponsor of English cricket by Royal Bank of Scotland (RBS) offshoot Natwest, reports have suggested. The supermarket announced in February that 2016 will be its last year as the main partner of the England and Wales Cricket Board (ECB). Today Sky News reported RBS was in advanced [...]
Trading in Unicredit shares suspended as investors digest bank stress tests August 1, 2016 Shares in Italian bank Unicredit were suspended from trading this morning as the lender plunged by eight per cent following the publication of stress test results on Friday evening. Its counterpart Monte dei Paschi, which came bottom of the results but managed to secure new terms on a potential bailout, climbed four per cent in the [...]
Challenging times for challenger banks as shares plunge after Brexit June 27, 2016 Challenger banks are finding Brexit life challenging, their share prices suggest. While the likes of Barclays and Royal Bank of Scotland (RBS) have experienced falls of more than 18 per cent on Monday, some challenger banks have fared even worse. [custom id="161"] Shortly after 3pm on Monday, Shawbrook Group's shares were down 26 per cent [...]
Japan underwhelms markets with ¥28 trillion stimulus package August 2, 2016 Markets have given a lukewarm reaction to the long-awaited details of Japanese Prime Minister Shinzo Abe's latest economic salvo. The Japanese government today signed off a stimulus package worth a headline ¥28 trillion (£207bn), though critics said this figure betrayed the fact much of the spending comes in the form of cheap loans rather than direct [...]