At the close: Gushing oil pushes the FTSE 100 higher as miners slip after recent gains June 7, 2016 The FTSE 100 managed a modest rise today, falling back from much bigger gains directly after the open. The blue-chip index added 0.2 per cent to close at 6,284.53. The initial burst came as a result of Royal Dutch Shell earmarking 10 per cent of its oil and gas production assets for sale, which would result in the [...]
There are now nearly one million millionaire households in the UK June 7, 2016 The UK is close to having one million millionaire households, new research out today shows. In 2015, there were 961,000 UK households with $1m (£0.7m) of private financial wealth, up 12.4 per cent on 2014, according to the Boston Consulting Group (BCG). The UK’s millionaire growth is nearly double the global year-on-year rate of increase, [...]
Price conscious, sceptical and socially responsible: Wealth managers face millennial challenge June 7, 2016 Wealth managers should target the growing number of millennial investors, a new report has advised. Millennials, defined as those born between 1980 and 2000, currently account for 10 per cent of global private wealth, according to the Boston Consulting Group. This proportion is forecast to increase to 16 per cent by 2020. Read more: The City’s philanthropic heritage [...]
Tax experts urge people to check their P60 to see whether they can reclaim tax on their savings, but it’s all change next year June 7, 2016 A group of tax experts is today urging people to check their P60 to see if they can reclaim some of their savings. The Low Incomes Tax Reform Group (LITRG), which is an initiative of the Chartered Institute of Taxation (CIOT), is reminding people that their bank will have automatically deducted 20 per cent for tax from their [...]
Before the bell: What you need to know before the US market open June 7, 2016 Markets are still cheering Yellen all but taking the June interest rate hike off the table and the Associated Press has called the US Democratic presidential nomination for Hillary Clinton ahead of today's primaries across the country. Here's what you need to know before the market open at 14:30 London time. Markets are still riding the wave [...]
BP Marsh & Partners profits almost double as well-selected investments continue to deliver June 7, 2016 BP Marsh & Partners appears to have laid its stakes wisely, as the specialist venture capital provider announced today that its profits had almost doubled in its year to the end of January. The figures Profits before tax at the company grew to £10.7m, up 81.3 per cent compared with £5.9m the year before. Meanwhile, the company's net asset value [...]
Fintech startup GoHenry just smashed crowdfunding records (and that’s a problem) June 7, 2016 A fintech firm which teaches kids how to manage money has smashed its fundraising target, becoming the most highly funded crowdfunded business in Britain. The success of startup GoHenry, which raised just shy of £4m and surpasses the previous record of £3.5m for JustPark, has spurred crowdfunding platform Crowdcube to call for the existing limit on the value of investments to be raised. Early-stage businesses can currently raise [...]
Stop faking it: Four tips for giving a memorable public speech June 7, 2016 As we stand up to speak in public, and our audience prepares to listen, authority is conferred upon us, as well as a responsibility to engage our listeners. It is this pressure to keep the audience interested or entertained which is at the root of many Britons’ glossophobia. Indeed, a 2014 survey by YouGov found [...]
How Iglu.com founder Richard Downs is taking on the world in the growing market for cruise holidays June 7, 2016 The internet has turned the travel industry on its head, giving ordinary people unprecedented opportunities to create bespoke holidays that were once the preserve of the rich. But it’s not just online travel warehouses like Airbnb and Expedia that have pushed the traditional agent off our high streets. The internet has enabled specialist providers to thrive [...]
IPOs might be back – but for how much longer? June 7, 2016 Investors are on a treasure hunt for returns but there have been all too few big finds on stock markets lately and the jury is still out on whether a rally will present itself this summer. So why are managers so seemingly unwilling to tap into all the new issues hitting the markets? And where [...]
