Minor Hotels takes £58m stake in The Wolseley and The Delaunay operator Corbin and King December 18, 2017 The owner of some of London’s most iconic eateries has sold a £58m stake to a Thai hospitality group. Corbin and King, named after its founding partnership Chris Corbin and Jeremy King, is behind restaurants including The Wolseley, The Delaunay, and Brasserie Zedel. The majority stake in the company has now been snapped up by [...]
Expect train delays and flight cancellations after the Met Office issued a yellow warning of fog for London December 18, 2017 Expect cancellations and delays to flights and trains tomorrow morning, after the Met Office warned the capital will be shrouded in fog overnight. The organisation said a yellow warning of fog will come into effect at 8pm tonight and last until midday tomorrow. It warned travellers to expect slower journey times, with delays to bus [...]
Bitcoin and the United States of Europe: “Grey swan” events of 2018 predicted by Nomura bank December 18, 2017 Beloved by WPP boss Sir Martin Sorrell and many others in the business world, swans in various hues are employed as metaphors for forecasting the future. A black swan event is completely unpredictable and totally out of the blue. But a grey swan, on the other hand, is more foreseeable. And Japanese bank Nomura has [...]
Bitcoin price rise makes creator Satoshi Nakamoto one of world’s richest billionaires December 18, 2017 The mysterious unknown creator of bitcoin who goes by the name Satoshi Nakomoto is among the world’s richest people as the cryptocurrency booms. Bitcoin has pulled back from its tear towards $20,000 but is still trading above $19,000, according to the Coindesk bitcoin price index (BPI) at pixel time. Read more: This bank analyst believes [...]
Doubts about ‘value investing’ have returned to their pre-dotcom crash high December 18, 2017 | City Talk Is legendary investor Warren Buffett losing his golden touch? On our Value Perspective investment blog, we would never dream of suggesting such a thing but type “Buffett losing touch” into Google and you will find plenty of financial commentators have, from time to time, had no such qualms. What is really interesting, however, is not [...]
Cyber security wages are set to soar amid a skills shortage December 18, 2017 Demand for cyber security roles is set to boom over the next year following several high-profile cyber attacks, prompting a rise in wages, new research from the recruitment sector’s trade body suggests. Every specialist IT recruitment agency surveyed by the Recruitment and Employment Confederation (REC) said they thought demand for cyber security staff would rise [...]
Finally, a British centurion: London Stock Exchange notches up 100 floats for the year December 18, 2017 The London Stock Exchange (LSE) today notched up its 100th company flotation of 2017 this week, breaking the century barrier for the first time in three years thanks to a strong international showing and a proliferation of investment fund listings. Northern Irish healthcare firm Fusion Antibodies and Israeli miner Shefa Yamim were this morning admitted [...]
Why is Pakistan struggling to find its feet as a successful emerging market? December 18, 2017 | City Talk The key dilemmas facing Pakistan’s equity market — a small investor base, few new listings on the Pakistan Stock Exchange (PSX), and shrinking turnover — are tied to the lack of trust among investors and issuers as well as unnecessary compliance and tax burdens. It will take greater professionalism among the intermediaries and the rationalization [...]
Adam Smith’s ambassador: Meet Sam Bowman, the free-market evangelist December 18, 2017 Rising to prominence as one of the key intellectual driving forces behind Thatcher’s sweeping privatisation of state industries in the eighties. The Adam Smith Institute (ASI) was – alongside others – a harbinger for a newfound symbiosis between the think tank movement, public policy and government institutions. Today it is one of London’s most well-known [...]
IG Group, CMC, Plus500 share prices plummet on “disproportionate” European sector clampdown | City A.M. December 18, 2017 Investors in Britain’s biggest spreadbetting firms scurried for cover today after European regulators revealed tighter than expected clampdown on the sector. Almost £400m was wiped off the combined valuations of the three largest listed spreadbetters. Shares in IG Group and Plus500 fell 10 per cent, while CMC Markets fell by over 11 per cent. On [...]