Convatec (CTEC) share price is plummeting after the FTSE 100 firm warned revenue growth would slow October 16, 2017 Shares in medical technology firm Convatec tumbled this morning after it warned full-year organic revenue growth would be lower than expected. The FTSE 100 firm’s share price has dropped 21.2 per cent to 220.1p in morning trading. The company’s performance in the third quarter was “severely” impacted by supply issues in both advanced wound and [...]
UK house prices: This has been the best October for property price growth since 2014, says Rightmove October 16, 2017 The UK’s house prices have risen by 1.1 per cent in October, the highest month-on-month rise rise for any October since 2014. But that isn’t translating into sales, according to a closely-watched index. The Rightmove house price index, which measures the prices of homes put on the market, said the average property price has risen [...]
Transport for London (TfL) Tube repair work delayed due to exodus of agency workers after IR35 tax changes October 16, 2017 Work on a critical London Underground programme repairing Bakerloo Line trains has been delayed due to an exodus of agency workers in the wake of tax changes earlier this year. Transport for London (TfL) has admitted that “a significant number” of vital employees left TfL as a result of IR35 changes, revised tax legislation affecting [...]
Playing the long game: an interview with Chapel Down CEO Frazer Thompson and the UK Investor Show’s Nigel Wray October 16, 2017 Back in 2004, England was considered rather better at playing rugby than it was at producing wine, basking in the afterglow of the national team’s world cup win six months earlier. It was around this time that a mutual contact put Nigel Wray, the owner of Saracens rugby club, in touch with Frazer Thompson, a [...]
This £4bn problem is stunting SME growth October 16, 2017 Every year, tens of thousands of small businesses see their loan applications refused by the big banks. In fact, figures from the British Business Bank (BBB) indicate that this amounts to around £4bn in loans annually – a staggering figure when you consider that this is preventing businesses from being able to reach their full [...]
The West End wins big property deals as London office space take-up soars October 16, 2017 Take-up of office space in central London surpassed a 10-year average in the third quarter this year. Central London take-up was 3.4m sq ft, marking a quarterly increase of three per cent, and beating a 10-year average of 3.1m sq ft, according to the latest figures from global real estate advisor CBRE. The largest deal [...]
Look to Milton Keynes for the solution to the housing crisis October 16, 2017 If asked what the greatest achievement of the British government over the last 50 years was, people will give a wide range of answers. Perhaps Margaret Thatcher’s Right to Buy policy would get your vote, or maybe joining (or now leaving) the EU. I doubt many would give you the following answer however: Milton Keynes. [...]
DEBATE: Will plans to divide existing WTO quotas into the EU put other members at a disadvantage? October 16, 2017 Will plans to divide existing WTO quotas into the EU put other members at a disadvantage? Emily Redding, director of think tank platform Smart Thinking, says YES. Of course certain WTO members are going to feel that they are disadvantaged by plans to simply divide the existing quotas with a method based on current trade [...]
London and Dublin must work together to champion financial services across Europe October 16, 2017 Last week I had the pleasure of visiting both the Republic of Ireland and Northern Ireland– my final two visits as lord mayor of the City of London. As my year in office draws to a close, it was the perfect opportunity to hear the views of senior representatives from the country and region, and [...]
Rate rise will not leave challenger banks exposed says Hampshire Trust chief executive Mark Sismey-Durrant as profits surge October 16, 2017 A widely expected interest rate rise from the Bank of England will not leave the specialist lending sector exposed, according to the chief executive of a challenger bank which has seen profits surge in the last year. Hampshire Trust Bank recorded rapid profit and loan book growth in the first half of 2017 said its [...]