Rosenblatt appoints broker Cenkos Securities as it looks to become the fourth English firm to float March 29, 2018 City law firm Rosenblatt has engaged broker Cenkos Securities as it looks to become the fourth English law firm to go public. City A.M. revealed earlier this month that the firm was considering a London initial public offering (IPO), something which now looks increasingly likely following the appointment of Cenkos. Read more: Exclusive: City law [...]
The big winners from an Aramco listing will be the bankers March 13, 2018 Britain’s bankers and City advisors are very excited about the mooted flotation of Saudi Arabia’s state-owned oil company Aramco. The potential fees – and therefore bonuses – generated are likely to be astonishing. It will be trebles all round, as they say in Private Eye. However, as an investment proposition there may be less to [...]
An investment to hold when volatility strikes? March 7, 2018 Funds in the Targeted Absolute Return sector aim to produce positive returns in a variety of market conditions through using sophisticated investment techniques such as short selling (profiting when prices fall). They generally aim to make modest yet consistent gains with smoother performance than traditional funds; admirable objectives that resonate with many investors, but there [...]
Noel Edmonds complains to advertising watchdog about Lloyds Bank adverts February 15, 2018 Television presenter Noel Edmonds has complained to the advertising watchdog about Lloyds Bank’s adverts, opening a new front in his battle with the lender. Edmonds this month launched a £60m legal action against Lloyds, which bought the HBOS bank he alleges was involved in the collapse of his business, Unique Group, before the financial crisis. [...]
TV presenter Noel Edmonds secures Therium litigation funding for Lloyds HBOS legal battle January 31, 2018 TV presenter Noel Edmonds has secured millions of pounds of litigation funding for a legal battle with Lloyds Banking Group over the actions of HBOS before it was acquired. Therium Capital Management, which specialises in funding expensive legal cases, has agreed a "seven-figure" funding package for Edmonds' claim. The former Top of the Pops and [...]
Activist hedge fund Elliott has scooped a stake in GKN just days after it rejected a £7bn bid from Melrose January 15, 2018 Activist hedge fund Elliott, which rose to fame last year after a drawn-out battle with Dulux maker AkzoNobel, has revealed it has grabbed a stake in engineering giant GKN just days after the company rejected a £7bn takeover bid. The US firm now owns a 1.7 per cent interest in GKN, which manufactures parts for [...]
The unprofitable reality of tobacco stocks December 28, 2017 Chestnuts may be roasting on an open fire – at least on the speakers of every shop we have visited since October – but here our focus is smoke. More precisely we will be considering its continuing disappearance as more and more people quit cigarettes – and what this could mean for tobacco companies and [...]
SFO lives to fight another day as Amber Rudd announces new economic crime centre to combat City fraud December 11, 2017 The Serious Fraud Office (SFO) has dodged Tory plans to close it down, but will be subject to direct orders from the National Crime Agency (NCA). The announcement comes as home secretary Amber Rudd said that financial crime “can ruin people’s lives” and announced a framework to crack down on money laundering. She commented: “Today [...]
Finally, all UK banks pass the stress tests: is now the time to invest? December 8, 2017 Imagine you emerged blinking from your bunker in the wake of this: interest rates up to 4 per cent the value of the pound down more than a quarter unemployment up almost 10 per cent residential property prices down by a third commercial real estate prices down by two-fifths world and UK GDP down 2.4 [...]
Small businesses to launch claim against Clydesdale Bank ‘this side of Christmas’ December 7, 2017 Clydes Bank has come a step closer to facing legal action over its alleged mis-selling of business loans. RGL Management, which brings claims against banks on behalf of small firms, co-ordinated a meeting yesterday with companies who claim to be were victims of Clydesdale’s Tailored Business Loans (TLBs). Read more: Small businesses to bring legal [...]