DEBATE: With annual house prices falling in England for the first time since 2012, should we be concerned? April 15, 2019 With annual house prices falling in England for the first time since 2012, should we be concerned? Matt Robinson, chief executive of data-driven estate agent Nested, says YES. There are absolutely people who should be concerned by falling property prices. With inadequate historical pension coverage, an increasing number of those approaching retirement are reliant on their [...]
Brexit will not impact the ability of companies to raise debt, survey says April 15, 2019 Brexit is not a big concern for companies when it comes to their ability to raise debt, a survey published today showed. A survey of senior treasury and finance executives at Ftse 250 companies showed 74 per cent did not think Brexit would have an impact on their ability to raise debt. One Ftse 100 [...]
What’s next for Europe’s capital markets? April 15, 2019 There are big questions on the horizon about the next steps for Europe’s financial sector. This topic was at the top of the agenda recently when I was in Romania for the Eurofi regular gathering of European finance ministers, financial services policy makers and industry representatives. As the current EU legislative cycle winds down before [...]
Government moves to ban controversial ‘no-fault’ evictions April 15, 2019 The government will ban landlords from evicting tenants at short notice without providing a reason, it announced today, as it continues its shake-up of the private rental sector. Read more: Private Rented Sector investment to hit £75bn by 2025 The move was applauded by campaign groups for giving renters security and a ban has cross-party support, but landlords [...]
Brexit impasse sends UK business confidence plummeting, new surveys show April 15, 2019 The political crisis surrounding Brexit has sapped confidence from some of the UK's biggest and smallest companies alike, as crunch talks between Labour and the Conservatives reach a “delicate stage” this week. Read more: MPs could be forced to choose a Brexit option if talks with Labour fail More than eight in 10 finance chiefs [...]
London’s junior stock market sees fewest IPOs in ten years in first quarter April 15, 2019 Flotations on London’s junior stock market fell to the lowest level in a decade in the first three months of the year amid political and economic uncertainty, new analysis has shown. Read more: London Stock Exchange to buy €278.5m stake in Euroclear London’s Alternative Investment Market (Aim) saw just one company offer up shares for [...]
UK dividends jump to first quarter record due to huge one-off payouts April 15, 2019 UK dividends hit record highs in the first three months of the year thanks to huge one-off special payouts from some companies, new analysis has shown. Read more: Ranked: The best-performing assets of 2019 so far Yet underlying growth was weaker than expected from larger and smaller companies alike as a slowing global economy acted [...]
Billionaire Sir Leonard Blavatnik plots London mega-float for ‘Da Zone’ April 14, 2019 Billionaire Sir Leonard Blavatnik is planning to list his broadcasting service on the London Stock Exchange in a move that would value the company at £3bn. Blavatnik, the owner of Warner Music whose company DAZN – pronounced Da Zone – has been dubbed the "Netflix of sport", is drawing up options for a London float either this year or [...]
Uber IPO: Six things you need to know April 13, 2019 After Uber unveiled its pitch to investors ahead of the company's initial public offering, here are six of the most significant things to know. Revenue is plateauing As Uber continue to prioritise growth over profits, the ride-hailing giant's revenue has plateaued. The firm reported an adjusted loss before interest and tax of $1.9bn for 2018, 15 per [...]
Plus500 shares plummet as revenues collapse but bosses’ salaries double April 12, 2019 Shares in online trading platform Plus500 crashed today after it predicted revenue would plummet 82 per cent in the first quarter of 2019 compared to a year before. Read more: More than £900m wiped off value of Plus500 as shares continue to plunge The company, which specialises in contracts-for-difference (CFDs), a high-risk currency instrument, issued [...]