Brexodus: Retail investors took £3.5bn out of funds in referendum month, “eclipsing” financial crisis outflows August 2, 2016 Retail investors fled investment funds at a “quite extraordinary” rate in the EU referendum month, new figures show. The Investment Association’s figures for June, published today, show £3.5bn was taken out of funds, including £2.8bn from equity funds and £1.4bn from property funds. In the weeks after the referendum, trading on several property funds was suspended [...]
How startups seeking funding suffered from investor referendum jitters August 1, 2016 Startups and high-growth companies seeking investment suffered in the run-up to the EU referendum, a new study suggests. The Deal report from Beauhurst, which monitors equity fundraising secured by private companies in the UK, tracked 557 deals completed, and announced, in the first half of 2016 – down 22 per cent from the second half [...]
Nearly half of young people to use lifetime Isa to save for retirement August 1, 2016 Nearly half of younger Britons will use a the lifetime Isa to save for retirement instead of taking out a pension plan a survey outlined today. A YouGov poll said that 44 per cent of Britons between the age of 18 and 39 would favour using the government’s new lifetime Isa in order to put [...]
UK’s newly found entrepreneurial ecosystem must be protected from Brexit negativity, says Business Growth Fund chief executive August 1, 2016 It’s difficult to imagine Stephen Welton, the chief executive of the Business Growth Fund (BGF), in a Gymbox, a company whose Twitter biography reads: “We believe that going out and working out should be one and the same thing, and that hot and sweaty exercise should be pure unadulterated entertainment.” “I don’t know if you’ve [...]
Investors backing small businesses after Brexit vote July 29, 2016 Investor confidence in small companies is apparently intact after last month’s Brexit vote. A survey of 1,000 UK investors has found 52 per cent would support small and medium-sized enterprises (SMEs) through private investment channels after the EU referendum. Read more: More than half of UK SMEs say banks are not "business friendly" The report, [...]
Nomura Holdings back into the black for its first quarter of 2017 financial year July 28, 2016 Nomura Holdings has today surely sparked a little glee into the Japanese market by announcing a return to profit in its most recent quarter. The figures The Japanese brokerage firm reported that net income attributable to shareholders had grown to ¥46.8bn (£339.4m), swinging back into profit from the loss of ¥19.2bn in the quarter before but still down 32 [...]
How to invest in a recession – staycations and drinking at home will become trendy again if there’s a downturn July 27, 2016 One month on from the Brexit vote and the UK economy seems in a precarious state. Economic activity is slowing, and economists have warned there’s a risk of a recession this year. The out vote has, in the International Monetary Fund’s words, put a spanner in the works. The value of the pound has fallen too, [...]
Investec’s wealth manager moves property funds to Thorpe Park and care homes July 26, 2016 Investec Wealth and Investment has turned its attention away from conventional property investment and towards GP surgeries, theme parks, hospitals, care homes and student accommodation. The wealth management and investment services division of Investec said on Tuesday morning that it had redeployed around 20 per cent of its real estate exposure – equating to £200m – from [...]
Profits and shares fall at hedge fund that’s about to lose its Man July 26, 2016 Hedge fund company Man Group today committed itself to the UK as it reported a large drop in profits for the first half of the year. The share price of Man, whose chief executive Manny Roman is leaving for Pimco later this year, dropped around three per cent to 119p on Tuesday morning after the interim results [...]
Biotech, robots, Fangs – what’s the hottest tech to invest in? July 26, 2016 The sudden craze for mobile game Pokémon Go has brought the spotlight back onto the potential for investors in technology. The game became the fastest-adopted in history following its release two weeks ago, and shares in co-owner Nintendo rose a massive 70 per cent. The share price has since been tempered with a 17 per cent [...]