An intergenerational study reveals millennials are ridiculously optimistic about when they’ll retire October 28, 2016 Britain's 20-somethings have unrealistic expectations as to when they will retire, thinking that they will be able to down-tools much earlier than any other age group. Those aged between 20 and 30 think that they will retire halfway between their 60th and 61st birthday. Across all age groups, Britons think on average that they will retire just before their [...]
Bellevue Asset Management plans £200m investment trust IPO on London Stock Exchange October 27, 2016 Bellevue Asset Management has announced plans to launch a new investment trust through an initial public offering (IPO) aiming to raise £200m. The BB Healthcare Trust will be managed by Bellevue, which has around $4bn (£3.3bn) under management in the healthcare industry across numerous areas. The company is aiming to float the trust in early [...]
Leading the charge: How to invest in the nascent, but lucrative, electric power storage sector October 27, 2016 One word captures the holy grail for the energy industry: storage. A Carbon Trust report from March found that better energy storage could save £2.4bn a year by 2030 in the UK. If certain regulatory hurdles are overcome, this could rise to £7bn a year. New developments and innovations are coming to market all the [...]
Here’s how to make the most of investing in Apple, Amazon and major overseas players October 27, 2016 In a globalised world, equity investors need to think big if they want to buy the world’s best companies. “There is no UK equivalent to the likes of Amazon or Facebook. The UK’s own social networking pioneer, Friends Reunited, finally closed its web doors in February this year,” says Michelle McGrade, chief investment officer at [...]
US private equity firm eyeing UK investment opportunities as sterling value falls October 26, 2016 JZ Capital Partners, a US private equity company listed in London, is eyeing investment opportunities in the UK, with the fall in sterling making assets cheaper. The company’s share price rose by more than one per cent today to 518p after it reported a net asset value (NAV) of $873m (£714m), up from $851.7m, for [...]
The economics of iceberg homes: Are mega-basements just a sunk cost? October 26, 2016 Even if you’re rich, London’s above-ground space limitations and conservation rules can put the kibosh on building your dream home. If you have a vision of putting a swimming pool, cinema or bowling alley in your Georgian terrace, you’ll probably have to think vertically to realise it. Over the last decade, iceberg basements have become [...]
The government’s pension freedoms were less popular last quarter as withdrawals fell October 26, 2016 Retirees have taken £7.6bn from their savings since reforms were introduced in April 2015, the Treasury revealed today – but the pace of withdrawals is falling. The amount withdrawn during the third quarter of 2016 dipped to £1.5bn, down from £1.8bn in the previous three months. One of George Osborne's flagship pension reforms announced just over 18 months [...]
Start with a blank canvas: How to invest in the art market October 26, 2016 For years the idea of purchasing art as an investment was frowned upon by purists in the art world – the two should be separate, like church and state. Art as investment is certainly not for everyone: the market is quite illiquid, prices can be volatile, and storage costs can outweigh profits. But as investors [...]
Time is money: Are luxury watches a good investment? October 26, 2016 The current wave of smartwatches, like any new technology, will be outdated by the time you’ve finished reading this article. But certain classic watches not only tell the time, they increase in value with it. While the poorest performing of all the other asset classes (barring furniture), the watch sub-category of the Knight Frank Luxury [...]
Thirty years since Big Bang: The deregulation of the London Stock Exchange democratised investing October 26, 2016 Thirty years have passed since the City of London was radically recast by a package of Thatcherite reforms, known as Big Bang. These saw the privatisation of the London Stock Exchange (LSE), allowed outside companies – not just individuals – to become members, and ushered in the automatic quotation of share prices. The product of [...]