Artemis US equities: Late-cycle investing … December 6, 2018 Cormac Weldon, manager of the Artemis US Select Fund and the Artemis US Smaller Companies Fund, analyses the reasons for increased volatility in the US market and explains why he is currently favouring companies with stable, predictable earnings. Context is everything. Two of the factors behind the recent increase in market volatility and the significant [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
Sorry, homeowners: London is now officially a “buyer’s market” January 30, 2018 London’s housing market is at a critical point, new figures have revealed, with heavy discounting by homeowners desperate to sell their properties tipping the capital into a buyer’s market. The average home in London is now sold at four per cent below its original asking price, up from just 0.5 per cent in 2014, the [...]
Property of the week: Serena Rees Agent Provocateur CEO’s house in Cumberland Terrace, Regent’s Park, goes on sale for £14m December 8, 2017 If you’re running out space in your socks drawer, there’s sure to be plenty of space for your unmentionables in the home of Serena Rees, the co-founder of luxury lingerie brand Agent Provocateur. Cumberland Terrace, Regent’s Park, £13.95m (Click or tap on the images to see them in full screen) The self-contained basement studio The [...]
The house Gianni built: A look back on the history of Versace as it settles into life as a $2bn part of Michael Kors November 5, 2018 In the window of Versace’s Sloane Street boutique there's a black hoodie. On the left shoulder, right side, and both elbows are brightly coloured silk patches featuring Grecian and Etruscan motifs. Surrounding these, and looping around the collar and hood, are thick, furry, brown trims, similar to ones that hang from my grandmother’s sofa. It [...]
Working Lunch at Temper City: This steak and curry house is hot in every sense of the world February 6, 2018 Temper city 2 Angel Court, EC2R WHAT AND WHERE? Temper City is the second restaurant from Neil Rankin, the barbecue king behind Pitt Cue and Smokehouse, set in a warehouse-style hideaway in Angel’s Court. If you’re familiar with the tacos and tortillas of Soho, this one shakes it up for the City slickers with [...]
Troubles at Steinhoff prompt private equity bidders Advent, Apax, Bain, CD&R, CVC and KKR to circle Poundland January 21, 2018 Speculation over the future of Poundland has attracted a pack of prospective private equity bidders ready to snap up the discount retailer. Buyout giants including Advent International, Bain, Clayton Dubilier & Rice, CVC and KKR are sniffing around the company in the expectation that it might soon be sold by its disgraced South African parent [...]
Chanel invests in London tech startup Farfetch February 19, 2018 French fashion house Chanel has bought a stake in London-based fashion retail platform Farfetch, as the two companies plan digital projects together. Chanel is set to introduce an “augmented retail” element to its boutiques with the help of Farfetch. This will include elements of ultra-personalisation, using Farfetch’s digital know-how to give insights on customer preferences. [...]
Private equity’s push to turn Brexit positive: Equistone explains it’s just another day in the office April 3, 2018 Britain may currently be navigating through uncharted geopolitical waters, but that isn’t putting too much of a damper on the spirits of one of the UK’s oldest private equity houses. Equistone, a former Barclays division which is celebrating its 40th anniversary in the UK next year and last month raised its largest-yet €2.8bn (£2.5bn) fund, [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]