Jupiter Fund Management share price down despite firm celebrating “another successful year” in “challenging market conditions” February 29, 2016 Shares in Jupiter Fund Management closed down by 1.19 per cent today, despite the firm hailing "another successful year" in 2015 despite "more challenging market conditions in the second half". The FTSE 250-listed financial services sector firm reported its assets under management (AUM) were up 12 per cent to £35.7bn last year. Jupiter’s earnings before [...]
Peel Hunt initiates coverage of UK challenger banks and specialist lenders, forecasting Aldermore, OneSavings Bank and Shawbrook will deliver average return on equity of 21 per cent February 29, 2016 Analysts at the stockbroker Peel Hunt initiated coverage of three of Britain's challenger banks today, naming Shawbrook their "top pick" among smaller lenders. In a note out this morning, analysts Anthony Da Costa and Stuart Duncan said that after a "period of significant share price weakness", there is "currently an opportunity to acquire high-quality/high return specialist lending businesses at [...]
Saving with traditional banks? Shopping around to challengers like Charter Savings Bank, Aldermore, Sainsbury’s or Virgin Money could help reduce risk while increasing your reward February 29, 2016 People are saving more: according to last week's figures from the BBA, personal deposits grew 3.7 per cent in the year to January. But at a time when the base rate is frozen at 0.5 per cent and looks set to remain at record low levels well into 2017, you could be forgiven for wondering why anyone would want to increase [...]
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 [...]
Andy Murray invests in five more British start-ups through Seedrs equity crowdfunding platform – Oppo, CommuterClub, Landbay, We Are Colony and Readbug February 29, 2016 Tennis star Andy Murray has announced his first 2016 investments into crowdfunding equity platform Seedrs. Britain’s top seed will back a range of British start-ups, including the Guardian’s 2015 Start-up of the Year Oppo Ice Cream, annual train subscription service CommuterClub and peer-to-peer lender Landbay, which recently announced a strategic partnership with Zoopla. His final two [...]
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 [...]
From pensions taxes to the EU referendum to the Elizabeth Line: Here’s what got you reading this week February 27, 2016 1. A pensions tax bombshell Former pensions minister Steve Webb wrote on Sunday that George Osborne is preparing to drop a "tax bombshell" on pensions savers by scrapping the tax-free lump sum. Find out what the chancellor may have planned here. 2. The EU referendum There was no escaping from it: wherever you looked, another politician [...]
UK pensions: Waspi campaign might find itself on the backburner, as Work and Pensions Committee to discuss whether unfairness between different generations is a greater issue February 26, 2016 The Work and Pensions Committee will be hearing evidence on fairness within the pensions regime next week from none other than two former ministers. The Committee announced today that former minister of state for universities and science Lord Willetts and former pensions minister Steve Webb would be giving evidence as part of an ongoing inquiry into intergenerational fairness [...]
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 [...]