Bumper Persimmon fails to shake off uncertainty March 5, 2019 | City Talk Despite the housebuilder's £1 billion profit and generous dividend, Persimmon shares are under a cloud. Just when investors thought it was safe to go back into mortar, the government's reported review of the Help to Buy scheme has dealt another blow to the sector. Persimmon (LSE:PSN) 6% share price decline represented the brunt of the blow, [...]
Thinking about taking on an apprentice? National Apprenticeship Week is a good time to start March 5, 2019 One of the great things about my job as a minister is hearing from employers about the positive impact that apprentices have had on their businesses. Employers often talk about the energy and enthusiasm that apprentices bring to the workplace. And they are not just talking about young people either, but apprentices of all ages [...]
John Laing’s diverse portfolio drives global expansion at green-focused infrastructure firm March 5, 2019 Infrastructure investment company John Laing’s shares rose this morning as it announced strong growth in net asset value per share over the course of 2018. The group said it had resisted the global climate of political and economic uncertainty which has stymied infrastructure investment in some regions by maintaining a diverse portfolio. Share rose one [...]
Revolut boss concedes to claims of ‘toxic culture’ at the startup March 5, 2019 The chief executive of London fintech startup Revolut said his firm “hasn’t always gotten things right” in an open letter late last night, after fresh allegations of a toxic culture at the company emerged last week. Former Revolut employees at both senior and junior levels described an environment of unpaid work, unachievable targets and high-staff [...]
Asset management firm Invesco lobbies US Securities and Exchange Commission over Mifid II implementation March 4, 2019 Global asset management firm Invesco is lobbying for the US financial regulator to allow it to implement Mifid II rules on paying for investment research. The firm attended a meeting with the Securities and Exchange Commission (SEC) last year to push for changes to rules which ban brokers from receiving research payments unless they are [...]
Leading UK charities call for legal guidance on ethical investments March 4, 2019 Leading UK charities have called on the government to provide legal guidance on ethical investment. In an open letter, signed by charities such as Joseph Rowntree Charitable Trust, the RSPB and the Quakers, the group also asked for specific guidance on whether they should invest in companies that contribute to dangerous climate change. Read more: [...]
Serious Pig founder George Rice wants to pair craft beer with better snacks in British pubs March 4, 2019 The craft beer scene is big business. Hundreds of challenger brands have emerged over the past decade or more to take a bite – well, sip – out of the market share of the mainstream breweries. Some craft beer-makers have become established names, such as controversial Scottish brand BrewDog, while others have been snapped up [...]
More than half of UK private investors say Brexit will provide opportunity, according to a new survey March 4, 2019 More than half of UK private investors believe Brexit will provide an opportunity for investment, according to a new survey. A total of 15 per cent of investors surveyed by Master Investor said that the UK’s departure from the European Union would be a “disaster” while 51 per cent said it would be an opportunity. Read [...]
‘Turbocharged’ IAG rides out airline storms March 4, 2019 | City Talk BA owner International Airlines Group continues to impress, helped by a "turbocharged" dividend yield. The British Airways parent International Consolidated Airlines Group (LSE:IAG) has produced an outstanding performance, which is particularly impressive given the difficulties being faced elsewhere in the airline industry. The company has, for some years, been concentrating on driving its business by [...]
KFC taps London fintech startup Flux for paperless payments March 4, 2019 KFC has launched a partnership with London fintech startup Flux which will see the US fried chicken chain go paperless. From today, users of digital banks Monzo and Starling, as well as select Barclays customers in the near future, will be able to receive digital itemised receipts for transactions in their banking apps when they [...]
