At the close: FTSE 100 sinks as Brexit fears send sterling to two month lows June 13, 2016 Resource stocks made up the majority of only a handful of risers on the FTSE 100 today as investors fretted over Brexit and sterling took a beating. The FTSE 100 closed at 6,044.97 – down 1.16 per cent on the day – and at its lowest level in three months. In March it was trading as low as 6,036, though had [...]
LV calls on government to make financial guidance at retirement age compulsory June 13, 2016 One financial services company has today called on government to make the provision of guidance to those reaching retirement compulsory. Revealing how it had responded to a Treasury consultation, LV warned that the introduction of the pension freedoms rules had made it increasingly difficult for people to assess how to handle their money during their [...]
This is why the UK is facing a time bomb of retirement woes June 13, 2016 Longer lives have combined with scant savings to put the UK on the road to pensions chaos, one financial advisory firm has today warned. Chase de Vere notes life expectancy has increased substantially in recent years, with Office for National Statistics showing the average life expectancy for a 65-year-old man has increased 29 per cent over the last [...]
Before the bell: What you need to know before the US market open June 13, 2016 China's decelerating economy is causing fresh concern across international markets and the International Monetary Fund isn't helping. Here's what you need to know before the US market opens at 14:30 London time. The US market is pointing heavily south ahead of the open. The S&P 500 is down by 0.31 per cent in the pre-market. The Nasdaq [...]
Smirnoff has just made cider the new alcopop with its hybrid vodka drink, while Britvic launches new non-alcoholic beverage aimed at millennials June 13, 2016 You heard it here first – cider is now the new alcopop. Smirnoff, the biggest spirits brand in Europe, is aiming to revolutionise the fruit cider category this summer with the launch of its new hybrid drink Smirnoff Cider – a mixture of lightly fizzed cider combined with Smirnoff vodka. The ciders will come in two [...]
Tennis star Andy Murray serves up three more investments via Seedrs June 13, 2016 Tennis star and former Wimbledon champ Andy Murray has announced three more investments in British startups, made via the crowdfunding platform Seedrs. Murray, who lost to rival Novak Djokovic in the final of the French Open last weekend, has invested in Beeline, Dog Tracker Nano and blow LTD. The size of the investments has not been disclosed. Beeline is [...]
Congratulate to accumulate: Britain’s no-praise business culture is holding our economy back June 13, 2016 A few weeks ago I spent three inspiring days in Silicon Valley. Part of the mayor’s International Business Programme and Silicon Valley Comes to the UK (SVC2UK), in partnership with the British Consulate General in San Francisco and London & Partners, I met legendary entrepreneurs, investors and senior executives such as Sheryl Sandberg at some [...]
Debrett’s Ask the Expert: What is appropriate “netiquette” for the workplace? June 13, 2016 Q: I’ve worked in the same industry for many years, and lately I’ve been noticing colleagues taking an increasingly casual approach to email, even when corresponding with clients. Many of our younger staff also seem to live out their lives entirely on social media, which doesn’t always reflect well on the company. Am I just [...]
Simba Sleep’s James Cox talks firmness, pet names and the importance of conical springs in mattresses June 13, 2016 Within minutes of meeting James Cox, co-founder of innovative mattress company Simba Sleep, I’m drawing a diagram of his product – or my interpretation of it as he whizzes through its composition. Rather than the traditional springs or trendy memory foam, Simba’s mattress is a layer cake of unique ID foam, some memory and a conical [...]
Fintech helps to push foreign direct investment in UK financial services sector to highest level since 2006 June 13, 2016 Foreign investors can't get enough of the UK's financial services market, with a report out today discovering that fintech has helped push foreign direct investment (FDI) to its highest level since 2006. The research by professional services firm EY discovered that, in 2015, there were 94 FDI projects in the UK's financial services sector, which in turn generated 8,138 [...]
