Profit slips at City of London Investment Group September 16, 2019 The City of London Investment Group has reported a drop in pre-tax profit, as the group’s efforts to diversify its business against a “volatile market backdrop” hit earnings. The Group reported a profit before tax of £11.4m for the year ending 30 June, a drop of almost 11 per cent compared to the previous year’s [...]
How to invest in Veganism September 16, 2019 | City Talk We have a look at how companies are responding to the rise in veganism and explain how investors and traders can capitalise as people around the world begin to reduce their meat intake and consume more plant-based alternatives. Many food products are naturally friendly to vegans, like vegetables, which means the vegan market is already [...]
Punching power: F45 is innovating gyms using technology September 16, 2019 Fitness is a cut-throat business. Competition is intense: there are over 7,000 gyms in the UK, and the market is worth about £5bn. Around one in seven people are paying some form of gym fee. Unsurprisingly, new fitness brands are popping up all the time to capitalise on the health and wellbeing trend. To stand [...]
Lessons from rugby to the boardroom September 16, 2019 Having been part of several world-class rugby teams, I reached a stage post-retirement when it was impossible to imagine ever being part of a team that was so trusting and technically brilliant again. Whether playing for Bath, England, or the British and Irish Lions, I had to adapt to my teammates very quickly. But now, [...]
Local Government Pension Scheme under pressure to drop active fund managers September 14, 2019 The Local Government Pension Scheme (LGPS) has said it is under pressure from government officials to switch to passive management after the suspension of the Woodford Equity Income fund in June. LGPS, which is the largest public-sector pension scheme in the UK with almost 6m members, has 60 per cent of its holdings in active [...]
Debate: Should the tapered annual allowance for tax on pensions be abolished? September 13, 2019 Should the tapered annual allowance for tax on pensions be abolished? Yes – Steve Webb is director of policy at Royal London. To understand why this issues matters, just look at doctors. Most senior doctors are well-paid and are in a good pension scheme. But when doctors who work harder can end up out-of-pocket, something [...]
Five common mistakes to avoid on your first day in a new job September 13, 2019 Starting a new job is like the first day of school. You’ve got no idea where anything is, you can’t remember anyone’s name, and you generally feel a bit a clueless about it all. Concerns about making a good impression build up in your head from the moment that you accept the job offer, and [...]
M&A activity targeting UK slumps amid no-deal Brexit fears September 12, 2019 Mergers and acquisitions (M&A) activity targeting the UK has fallen almost 40 per cent on the same period last year, with investors slowing down decision making amid ongoing political turmoil. Corporate M&A also tumbled to £15.1bn in the second quarter of 2019, its lowest value since the EU referendum according to data from Mergermarket. Read [...]
Four-day working week ‘unrealistic’, finds Labour-backed report September 12, 2019 A four-day working week is unrealistic, according to a Labour party-commissioned report that undermines a policy the party is considering. Shadown chancellor John McDonnell tweeted that “something must change” after Lord Robert Skidelsky’s report said a reduction in working hours “is both desirable ethically and desired by most people”. Read more: John McDonnell poised to [...]
Brooks Macdonald ‘reinforcing foundations’ as it reports funds and profit growth September 12, 2019 Wealth management firm Brooks Macdonald has reported full-year growth exceeding expectations, in a rare glimmer of light for a sector that has been struggling to stem the flow of client outflows. The company reported a profit before tax of £21m for the year ending 30 June, an 11.8 per cent increase on the previous year. [...]
