Why stamp duty reforms are turning prime London into the world’s most exclusive rental market January 18, 2016 What's the point of paying astronomical levels of stamp duty when you could just rent an ultra-exclusive home? A new report has suggested billionaires may simply rent prime properties, rather than buying them – and potentially save millions of pounds. The figures, by Tunstall Property, suggest that for most buyers of ultra-expensive homes, following reforms to the stamp [...]
Pupillage gateway dates shifted from January 2017 onwards so trainee barristers know application outcome before paying fees for Bar Professional Training Course January 18, 2016 The Bar Council has today announced that it will be changing the pupillage gateway dates from January 2017 onwards, running the process from January until April. The pupillage gateway is used by barristers' chambers to advertise available positions and recruit pupils, and currently runs from the end of April through to August. The move, which many [...]
Brent and WTI crude prices: HSBC chief executive Stuart Gulliver predicts oil will settle between $25 and $40 in a year’s time January 18, 2016 HSBC chief executive Stuart Gulliver expects oil to settle between $25 and $40 in on year's time, he said today. Responding to a question about where the prices will be this time next year at the annual Asia Financial Forum in Hong Kong, Gulliver said: "Major producers are currently delivering 2m-2.5m barrels per day more than demand, so [...]
European shares rise as FTSE 250 opens higher, with Home Retail’s share price rising nearly three per cent January 18, 2016 The FTSE 100 started the day higher, edging up 0.6 per cent, before it dipped to 5,826 points at the end of the first hour of trading – 0.4 per cent up – despite a mixed performance on Asian markets. The day's stellar performer was FTSE 250-listed Home Retail Group, whose shares rose 3.5 per cent to 159.2p. [...]
2016 already looking positive for financial services jobs as top consultants net salaries of £97,000 January 18, 2016 The new year may have only just begun but there are already signs of 2016 being a strong year for financial sector jobs. According to findings released today by recruiter Morgan McKinley, many employers have already kicked off their 2016 hiring. “Despite a rude awakening to the start of the year from financial markets, we’ve actually [...]
Oil edges closer to $28 as Brent and WTI crude both drop thanks to end of Iran sanctions January 18, 2016 Oil investors were showing their nerves today, with the price of both Brent crude and WTI crude edging closer to $28, as sanctions against Iran were lifted, potentially adding millions of barrels of oil to an already oversupplied market. Brent, the global benchmark, dropped to $28.17 in early trading, while the US-focused WTI fell to $28.71. The [...]
Wolseley chief Ian Meakins retiring after seven years, replaced by John Martin January 18, 2016 Ian Meakins, chief executive of struggling UK plumbing and heating group Wolseley, has announced plans to retire after seven years in the role. Meakins, who will leave Wolseley in August, will be replaced by current chief financial officer John Martin. The role of chief financial officer will be taken on by Simon Nicholls, currently at aerospace [...]
Home Retail Group share price soars on announcing it will return £200m to shareholders with Wesfarmers to buy Homebase for £340m January 18, 2016 Home Retail Group has announced it will be returning £200m to shareholders, following the sale of its Homebase chain to one of Australia’s biggest listed companies. The British retail group has confirmed reports it will sell the DIY chain to Australian Wesfarmers for £340m. Wesfarmers, which already owns DIY supplier Bunnings, said it will spend another £242m [...]
Clydesdale Bank reveals cut-price IPO price range and confirms when it will list on the London Stock Exchange January 18, 2016 Clydesdale Bank’s London float is drawing near: the bank has revealed the price range of its upcoming IPO will be 175p-235p per share. The British lender, currently owned by National Australia Bank (NAB), confirmed rumoured plans for a demerger and initial public offering last month, announcing its intention to float on both the London and Australian stock [...]
Panmure storms into the top five London advisors January 18, 2016 Small cap specialist broker Panmure Gordon has broken into the top five City advisers chart this morning as financial data publisher Adviser Rankings unveiled its tenth annual corporate advisers rankings for 2015. The firm soared five places up the table, jumping from tenth in 2014. Panmure also managed to hold onto its third place position [...]