Now is the time to lock in post-Brexit gains say advisors August 15, 2016 Financial advisors are urging pension clients to lock-in post-Brexit share price gains before the market tails off later in the year. According to research by Metlife nearly one in three advisors said that they plan to contact clients about protecting savings and two-thirds have offered clients a review of their finances in the wake of the EU [...]
Bank of England prepares for crucial QE test August 15, 2016 All eyes will be on Threadneedle Street tomorrow afternoon as the Bank of England gears up for its next bond-buying mission. To the market's surprise, the Bank of England could not find enough willing sellers of long-term government debt on the open market last week, leading to the first ever time when the Bank was [...]
Disney interest? Third parties? Bidding wars? Here’s what analysts think will happen to Peppa Pig owner Entertainment One August 15, 2016 Analysts have named Walt Disney, Vivendi, Lionsgate and Studio Canal as possible suitors for Peppa Pig owner Entertainment One. EOne’s share price was trading at 251p on Monday – up more than 25 per cent from below 200p at the beginning of last week. [stockChart code="ETO" date="2016-08-15 16:40"] This rise has come after the board [...]
First anniversary of pension reforms shows we aren’t all cashing in and buying private jets August 15, 2016 Only a fraction of savers raided pension war-chests proving that Britons are not nearly as weak-willed as was feared when pension rules were relaxed a year ago. Reporting on the first anniversary of the "Freedom and Choice" reforms, the Association of British Insurers (ABI) said that over half of people had only drawn down a small lump sum from their [...]
Almost all employers are willing to pay more than the typical apprenticeship wage for the “right” candidate August 15, 2016 The vast majority of UK employers are willing to pay more than the typical apprenticeship wage, new research shows. More than nine in 10 (92 per cent) of respondents to a survey from apprenticeship group Positive Outcomes said they would be willing to offer more than the typical wage if they were matched with the [...]
Spray, jelly and antibiotics: How tea could transform in the next decade August 15, 2016 Forget Bubble Tea, loose-leafed and the ever-civilised afternoon tea – this is what is set to happen to the nation's favourite hot beverage in the next 10 years. Britons consume around 165m cups of tea everyday, but research from Tetley and the Future Foundation has predicted a wave of technology and personalisation innovations that could [...]
Clarkson share price spikes after benign results beat expectations August 15, 2016 Shipping services group Clarkson leapt nearly nine per cent today despite releasing six-month results that were accompanied with management commentary that referenced a "challenging environment" as well as a "challenged" and "continued challenging market". The figures Revenues were broadly flat at £147m compared to £145m in 2015. Underlying operating profit was slightly down at £21m compared to £24m. However, there were considerable [...]
Jeremy Corbyn wins 84 per cent of Constituency Labour Party nominations to Owen Smith’s 16 per cent August 15, 2016 Labour leader Jeremy Corbyn has won an overwhelming majority of Constituency Labour Party (CLP) nominations ahead of the election against challenger Owen Smith. Corbyn won the nominations of 285 CLPs, with Owen Smith claiming just 53. Although the nominations have no direct consequence on how the election will pan out, they provide an indication of the [...]
EU referendum result prompted record day for exchange-traded fund activity August 15, 2016 The UK’s Brexit vote led to a record trading day for London-listed exchange-traded funds (ETFs). Trading volume on London-listed ETFs – collective investment vehicles which usually passively replicate the performance of specific indices – in June was up 88 per cent year on year. Read more: ETF market set to more than double in size [...]
Twitter cracks $20 for first time since March August 15, 2016 Twitter's stock has cracked the $20 mark for the first time in months and for only the second time since January, after opening as much as four per cent higher on Monday morning trading in New York. The beleaguered social network was likely buoyed by reports that it is in the midst of negotiating an ambitious deal [...]