Asia’s construction investment to outpace both Europe and US over the next five years November 16, 2017 Vast growth potential in the Asian construction sector is set to be tapped into over the next five years, with investment expected to average $1.61 trillion annually, outstripping comparable figures for Europe and the US. According to research by Oxford Economics, resurgent growth among Indonesia, Malaysia, the Philippines, Thailand and Vietnam – the so-called tiger [...]
Gold, Frankincense and Sausage Roll: When Bad Publicity Is Good Publicity November 16, 2017 YESTERDAY, THE BAKERY chain Greggs was forced to apologise to Britain’s Christian community. The reason? Because, to promote its advent calendar, it used an image showing the three wise men gathered around a crib containing a sausage roll. Various Christian and right-wing groups and people had piled in. Simon Richards of the Freedom Association [...]
Young’s pubs boss Patrick Dardis: “Smithfields is the new Covent Garden” November 16, 2017 Pub company Young’s has announced a deal to buy City favourite Smith’s of Smithfield and its sister site on Cannon Street. The acquisition was confirmed as the group reported a market-beating rise in sales across its pubs. The figures Revenue across managed pubs, which accounts for the biggest chunk of the business, was up 4.6 [...]
Pret a Manger private equity owner Bridgepoint confirms Burger King UK franchise buyout November 16, 2017 Pret a Manger owner Bridgepoint has confirmed that it will become the master franchisee of the Burger King brand in the UK. Reaching an agreement for an undisclosed amount with Burger King Europe, Bridgepoint will also acquire Caspian UK Group, one of the UK’s largest Burger King franchisees with 74 restaurants across the country. The [...]
Empowering the world: How you can make money through improving lives November 16, 2017 In the not-so-distant past, ethical investing was a mere speck on the horizon, barely visible beyond the sea of “traditional” investment opportunities. But there’s a shift happening – a change in mindset which is inciting us to be more conscious of where we put our money. Initiatives like Good Money Week have been raising awareness [...]
Want to be a pension millionaire? Here’s when you can stop saving November 15, 2017 There seems to be no end to the flurry of people telling us to pile as much money into our pension pots as possible. And while it’s crucial that we all make an effort to save for retirement, high earners need to be conscious that they could get slapped with a hefty tax bill [...]
UK fund managers not willing to pay brokers for corporate access post-Mifid II November 14, 2017 UK fund managers are not willing to pay brokers to set up corporate meetings when new EU rules come into force next year, a survey from Capital Access Group (CAG) has found. From January, the second Markets in Financial Instruments Directive (Mifid II) – a piece of regulation designed to increase transparency across all asset [...]
Nisa members have voted in favour of Co-op’s takover offer November 13, 2017 Members of convenience chain Nisa have voted to accept The Co-operative's £140m offer for the business. The offer just scraped in over the minimum 75 per cent approval rate, with 75.79 per cent in favour and 24.21 per cent voting against the Co-op’s offer. The Co-op will now acquire the business for a total of [...]
The jobs, they are a changin’: What’s happening to the finance industry? November 10, 2017 | City Talk No matter where your career stands, you can always count on one thing—the investment industry is constantly changing. Worldwide trends are converging to transform the prospects for investment professionals. Consolidation among firms is leading to cuts. Fintech is disrupting the industry. The global talent market is evolving in different ways from region to region. Experts [...]
UK’s anti-money laundering system is “failing”, Transparency International claims November 9, 2017 The UK is at the heart of global money laundering and corruption, because the system designed to prevent abuse is failing, a damning report published today has claimed. Anti-corruption organisation Transparency International UK has found more than 760 companies registered in the UK were directly involved in laundering stolen money from at least 13 countries, [...]