Ultra high net worth families are moving towards riskier asset classes as investment performance bounced-back last year September 12, 2017 Family offices, the private wealth management firms which manage the fortunes of the ultra-rich, have seen a bounce-back in investment performance over the last year. The firms achieved an average return of seven per cent in 2016, a huge increase from the disappointing 0.3 per cent the previous year, according to the global research from [...]
Brexit: EU Withdrawal Bill passes after MPs traded barbs in late-night debate September 12, 2017 Theresa May’s government won the first vote on the EU Withdrawal Bill in the early hours of this morning, 318 votes to 296. Prominent Remain campaigner Anna Soubry told the House earlier in the evening: “We must begin the process [of leaving the European Union] and see it through…”. However, the government looks set to [...]
The City rebuffs Brexit recruitment worries with the number of jobs in London up by nearly a third in August September 12, 2017 Confidence in the City remains resilient with the number of jobs up by nearly a third in August, compared to the same time last year. According to the latest Robert Walters City Jobs Index, professional job volumes rose by 31 per cent last month compared to the same period in 2016, and up three per [...]
City divided on Saudi Aramco: City of London Corporation backs FCA’s new listing rules to help London Stock Exchange lure oil giant September 11, 2017 The Square Mile’s governing authority is throwing its weight behind new rules to attract the Saudi Aramco mega-float, pitting itself against other major bodies including the Institute of Directors (IoD) and the Investment Association, City A.M. can reveal. The City of London Corporation has “no problem” with new listing rules put forward by the Financial [...]
Insiders are now expecting Bell Pottinger administration on Tuesday following South Africa scandal | City A.M. September 11, 2017 Insiders at Bell Pottinger expect the disgaced PR firm to fall into administration on Tuesday following a nightmare week. Staff were informed on Thursday last week that the firm was likely to collapse early this week, with administration expected as soon as Monday. This has not come to pass, but there is little hope among [...]
Tech startup incubator Entrepreneur First raises $12m and gets LinkedIn founder’s backing September 11, 2017 Startup builder Entrepreneur First, which supports the creation of tech firms from scratch, today announced it had completed a $12m (£9m) funding round with the backing of one of LinkedIn’s co-founders London-based Entrepreneur First attracted investment led by Greylock Partners, where LinkedIn co-founder Reid Hoffman is a partner. Read more: Winning in the Dragons’ Den: [...]
What Brexit? UK investors are feeling more confident in their investments than European peers, Legg Mason finds September 11, 2017 UK investors are more optimistic than their average European counterpart, despite uncertainty around Brexit, according to a study out today. Half (50 per cent) of UK investors are somewhat optimistic about the returns their investments could achieve over the next year, while 13 per cent are very optimistic. Eight per cent were not optimistic at [...]
Build a brand for millennials September 11, 2017 A brand is the most important asset a business can have. It is the only true, long term differentiator of a company, and without doubt it helps businesses change and grow. But although business owners know this is true, most are still neglecting the one thing that makes a successful brand: people. Brands start and [...]
Offshore wind power price halves as UK government awards contracts to renewable energy firms September 11, 2017 The price of new offshore wind power has halved in just a few years, making it cheaper than new nuclear power, the latest government auction for renewable technology contracts shows. New wind projects which will generate electricity from 2022-23 at a price as low as £57.50 per megawatt hour of electricity, 50 per cent down [...]
Transport secretary Chris Grayling says Britain’s maritime industry will make waves post-Brexit September 11, 2017 The government pledged today that Britain’s £15bn maritime industry will go from strength to strength in the wake of Brexit, as it devises an export plan to help bolster trade opportunities. Speaking ahead of a roundtable with international industry figures at 10 Downing Street, transport secretary Chris Grayling said today that leaving the European Union [...]