New Barclays chief executive Jes Staley gets a frosty reception in the City as investors reject his case for slashing dividends, sending share price down more than 10 per cent March 2, 2016 New Barclays boss Jes Staley received a frosty reception in the City yesterday, as investors rejected his case for slashing dividends, sending the bank’s share price down by more than 10 per cent and wiping £2.3bn off its market value. Investors recoiled when Barclays said it planned on paying a dividend of 3p for this year [...]
Are fearful investors creating a crisis? Experts warn of “self-fulfilling prophecy” in markets as negativity towards global outlook deepens March 1, 2016 Despite hopes, the G20 grouping of world leaders failed to come up with a deal to boost flagging global growth at its latest meeting in Hangzhou, China. There had been calls for a joint effort to tackle the slowdown – and although a deal was unlikely, analysts had warned the market would respond badly to “policy [...]
House purchase approvals hit two-year high as buy to let investors rush to beat April’s stamp duty change February 29, 2016 Mortgage lending picked up in January as buy to let investors rush to buy properties before a hike in stamp duty in April. Net mortgage lending rose to £3.7bn in January from £3.2bn in December, according to figures published by the Bank of England this morning. There were 128,709 mortgages approved. Approvals for house purchase, as opposed to [...]
Tottenham Hotspur’s investors can now look to score with Asset Match February 29, 2016 ONLINE shares marketplace Asset Match has today announced that in response to interest from shareholders, it will host a series of share auctions in Premier League high flyers Tottenham Hotspur, starting in March. Spurs’ shares delisted from Aim in January 2012, saying that being publicly owned restricted the club’s ability to secure funding for its [...]
As City Airport is sold to consortium of Canadian and Qatari investors led by the Ontario Teachers’ Pension Plan and Borealis Infrastructure, it’s time to let it expand February 26, 2016 The debate about airport capacity in the UK has been dominated by the two giants of Heathrow and Gatwick. Vital as this decision is, it shouldn’t drown out the pressing need to make the most of existing infrastructure assets, including the popular and efficient little airport that sits in the Thames to the east of [...]
City Airport sold to consortium of Canadian and Kuwaiti investors led by the Ontario Teachers’ Pension Plan and Borealis Infrastructure February 25, 2016 City Airport has been sold to a consortium made up of Canadian and Kuwaiti investors, led by the Ontario Teachers’ Pension Plan and Borealis Infrastructure, for around £2bn. The group also includes AimCo and the infrastructure investment vehicle owned by the sovereign wealth fund of Kuwait, Wren House. It beat out bids from Chinese airline owner [...]
Zlota 44 is the tallest residential building in Warsaw and it’s hoping to catch the eye of Western investors February 25, 2016 For millionaire investors, the obvious place to buy for profit is in one of Europe’s great cities. But the bright lights of London, Paris and Berlin may be blinding buyers to smaller pockets of investment that have big potential. One of these is Poland. After years of building it up, the Poles now boast the largest [...]
Capita share price falls after investors take fright at 50 per cent pre-tax profit slump February 25, 2016 Shares in professional services firm Capita, one of the country's major outsourcing companies, have slumped by more than five per cent this morning after a mixed set of results spooked investors. Capita revealed that profit before tax at the business dropped to £112.1m, from £292.4m in 2014 after the business took hits from business exits and impairment [...]
Investing in junior Isas: Why kids can be risk-takers February 23, 2016 I'm getting into stocks. Or perhaps more accurately, I’m getting into stocks via a tax-free savings and investment account designed specifically for my daughter, who’s barely a month old. While none of this will technically be my money, there’s an underlying lesson here for the broader investment environment: time. If you are a short-term trader [...]
Pact Coffee launches £1m crowdfunding campaign for ambitious expansion plans letting public join top investors such as Robin Klein February 22, 2016 Pact Coffee is launching an ambitious crowdfunding campaign to raise £1m from coffee-lovers to add some buzz to the businesses expansion plans. The London-based startup which sprang to life in 2012 and delivers fresh coffee straight to people's doors via subscriptions is turning to Crowdcube to raise new equity. Backers of the early-sage startup which has [...]