Why broadening your definition of risk might prove beneficial September 24, 2018 | City Talk Risk. Many financial commentators and industry professionals agree it is one of the most important considerations for any investor. In our review of financial media, we see near-constant coverage of it—particularly the risk of loss. Commentary often dwells on the potential for current events to drive equity market declines, warning risks lurk. We, too, [...]
German money rises in West End after Verde deal September 24, 2018 German investment in the West End has reached £515m for the year-to-date on the back of last week's announcement that German fund manager Deka Immobilien GmbH completing one of the largest deals this summer, buying the Verde office building in Victoria for roughly £460m on Friday. The deal pushed investment levels up to £515m, compared with £476m [...]
Euro zone banks led by Germany in hoarding more cash, European Central Bank says September 24, 2018 Banks in the euro zone, led by Germany, have been storing more and more money to avoid European Central Bank (ECB) charges. In a research bulletin, the ECB said the amount of vault cash held by Europe's major banks had increased by €21.1bn – to between March 2016 and December 2017, having been at €50.1bn [...]
Theresa May says she trusts President Donald Trump despite Iran sanctions September 24, 2018 Prime Minister Theresa May has stood by the UK's special relationship with the US despite Donald Trump's decision to take his country out of the Iran nuclear deal, insisting she continues to have trust in the President. "Of course I listen to what the American president tells me," May replied when asked if she trusts Trump [...]
Travel warning: Piccadilly Line hit by severe delays September 24, 2018 Severe delays are affecting the Piccadilly Line, following a signal failure. The failure at Holloway Road has affected the entire line, just in time for the rush hour commute home. Transport for London (TfL) has recommended people take alternative routes as its engineers work to fix the problem. https://twitter.com/piccadillyline/status/1044245076237520897 The news comes before the Piccadilly [...]
China accuses US of ‘trade bullying’ as tariffs kick in and Wall Street shares fall September 24, 2018 China has accused the US of “trade bullyism” as new tariffs kicked in and shares on Wall Street fell. The world's two largest economies showed no signs of cooling off their fiery trade war and pressed ahead with further duties on each other's products on Monday. Donald Trump hit China with 25 per cent [...]
Serious Fraud Office general counsel leaves regulator for private law firm Kingsley Napley September 24, 2018 The man tipped for the top job at the Serious Fraud Office before former FBI lawyer Lisa Osofsky won the post will leave the regulator for private practice next year. Alun Milford, who served as the SFO's general counsel, has joined Kingsley Napley as a partner in criminal litigation. Milford has been a government prosecutor for 26 years. [...]
John McDonnell accused of a ‘wilful misunderstanding of business’ after radical conference speech September 24, 2018 One of the UK's biggest business groups pleaded with Labour not to see enterprise as "the enemy" after shadow chancellor John McDonnell delivered a radical speech at his party's conference. The Institute of Directors, which represents companies across the UK, urged McDonnell to abandon "sweeping measures and angry rhetoric" as he used a [...]
Radio giant Sirius acquires Pandora Media in $3.5bn deal September 24, 2018 Two US companies are set to create the world’s largest audio entertainment business after radio giant SiriusXM announced it will pay $3.5bn (£2.7bn) for streaming service Pandora Media. The all-share deal, which will be finalised in the first half of next year, will create a $7bn entity. Shares in the target rose 18.4 per cent to $10.75 [...]
West End retailers ‘hit by staff shortages’ as property boss urges action on visa rules September 24, 2018 London’s renowned West End retail economy is under threat from staff shortages, according to the boss of one of the area’s largest investment firms. Shaftesbury Group’s chief executive Brian Bickell, whose £3.86bn FTSE 250 property company represents nearly 600 West End businesses, told City A.M. that a combination of tight visa restrictions and uncertainty around EU [...]