Nissan and its former boss Carlos Ghosn hit with fraud charges by US regulators September 23, 2019 Japanese car giant Nissan and its ousted former chief executive Carlos Ghosn were charged with fraud today by US regulators. The US Securities and Exchange Commission said that Nissan, Ghosn and former director Greg Kelly had made false financial disclosures that omitted more than $140m (£112.6m) to be paid to Ghosn in retirement. Nissan, Ghosn [...]
Thomas Cook collapse set to net hedge funds millions September 23, 2019 The demise of travel firm Thomas Cook has caused chaos, leaving 150,000 Brits stranded abroad and triggering the UK’s biggest peacetime repatriation effort, but hedge funds are set to make millions from the collapse. Thomas Cook was the most shorted company on the London Stock Exchange ahead of its collapse into liquidation in the early [...]
Lloyd’s of London braces itself for culture survey findings after months of pressure September 23, 2019 Lloyd’s of London is set to reveal the outcome of a sweeping company poll tomorrow following months of scrutiny over devastating misconduct allegations. The historic marketplace is hoping to turn a new leaf when it releases the results of a ‘culture survey’ alongside actions it will vow to take in the wake of recent criticisms. [...]
How to move up from shared ownership to full home ownership: a guide to ‘staircasing’ September 23, 2019 Jade Turnstill, Share to Buy’s digital marketing manager, explains how shared ownership homeowners can increase the stake they own in their property over time What is staircasing?Staircasing is the process of increasing the amount of shares you own in your shared ownership property. In most instances you can staircase up to 100 per cent, becoming [...]
Huawei CFO’s arrest to be probed in Vancouver hearing September 23, 2019 Lawyers for Huawei’s chief financial officer Meng Wanzhou are set to probe her arrest in Vancouver airport during a court hearing today. Meng was arrested in December on suspicion of misleading banks and violating sanctions against Iran, and is now facing extradition to the US. Read more: Huawei drops lawsuit against US over seized equipment [...]
Is shared ownership right for me? Your questions answered September 23, 2019 Nick Lieb, head of operations at Share to Buy, explains who is eligible to buy a shared ownership home and what they should consider before they do Who is eligible for shared ownership?To be eligible for shared ownership, you must either be a first time buyer or you must not currently own a property. Purchasers [...]
PureCircle share price plunges over audit issues September 23, 2019 Investors in sweetener firm PureCircle have been left with a sour taste in their mouth following several days of sharp falls in its share price. The food producer surprised the City late last week when it postponed its annual results and warned that auditing issues could cost it up to $30m (£24.15m). Read more: M&S [...]
Seven steps to buying a home with shared ownership September 23, 2019 As part of Shared Ownership Week 2019, Eloise Robins, head of shared ownership sales at property agent JLL, gives a guide to the buying process 1. Find your home First of all, check you are eligible for the shared ownership scheme by speaking to an independent financial advisor. After that, you can start to look [...]
Reuben brothers invest £19m in modular homes developer Project Etopia September 23, 2019 Billionaire property tycoons David and Simon Reuben have invested £19m in Project Etopia, a housing developer specialising in modular homes. Project Etopia, which was founded in 2015, provides energy-efficient modular homes and school buildings that can be constructed in under four weeks. Read more: UK house price growth slows to seven-year low The Cambridge-based company [...]
Supreme Court to rule on Boris Johnson’s parliament suspension tomorrow September 23, 2019 The Supreme Court will announce its decision on whether or not Prime Minister Boris Johnson’s move to prorogue parliament was illegal at 10.30am tomorrow. The UK’s highest court will reveal its ruling on the matter after hearing arguments for and against Johnson’s five-week suspension of parliament last week. Read more: Pannick stations: Battle lines drawn [...]