Behavioural insights on financial advice March 14, 2017 | City Talk Saving and investing decisions are often made from opposite sides of the financial services spectrum. Advisers have the difficult job of building trust and bridging the two sides and their diverse demands. Matching the needs of retail savers with investment returns provided by users of capital is not easy as the two opposing sides — [...]
Former senior Barclays banker tells court he can’t remember what Libor training the bank offered its traders March 14, 2017 A ex-Barclays banker who held senior roles at the firm told a court today he could not remember what training for Libor was on offer, as the trial against two of the bank's other former traders for rigging the rate rumbles on. The Serious Fraud Office has claimed Stylianos Contogoulas, 45, and Ryan Reich, 35, [...]
Theresa May: The Queen will sign Article 50 into law “in the coming days” March 14, 2017 Theresa May has hinted she is in no rush to begin the process of leaving the European Union, saying the Article 50 Bill, which was passed last night, will receive royal assent "in the coming days". In a speech to the House of Commons in which she signalled a steady approach to negotiating the UK's [...]
Another year of profit losses for French Connection March 14, 2017 High street fashion shop, French Connection, has reported yet another year of losses. The figures French Connection said revenues for 2016 were £153.2m, down six per cent, compared to last year’s £164.2m. The company declared an underlying operating loss of £3.7m this year, compared to £4.7m last year. It has less cash this year and [...]
WPP chief executive Martin Sorrell urges advertisers to show faith in newspapers as spending drifts to Google and Facebook March 14, 2017 Advertising grandee Sir Martin Sorrell has urged his industry to show faith in newspapers as more and more money drifts towards online giants. Sorrell, the founder and chief executive of WPP, said that at a time when Google, Facebook and Twitter stand accused of “giving a platform to hatred and fake news” there ought to [...]
Holiday Homes: Finding a property investment at Courchevel 1850 on the slopes in the Rhone-Alpes that will pay off March 14, 2017 In the rarefied air of Courchevel 1850, known as France’s ski playground for the wealthy, the word “only” quickly takes on a new meaning. A burger, for example, is “only” €30 on the slopes, and a duplex apartment is “only” €9.65m. But in the Rhone-Alpes prime real estate hotspot, where high-end chalets up to 3000sqm [...]
New stamp duty rules annihilated buy-to-let mortgage borrowing in January March 14, 2017 The amount borrowed by prospective landlords fell 16 per cent in the year to January, as strict new rules on buy-to-let homes took their toll. Figures by the Council of Mortgage Lenders (CML) showed would-be landlords borrowed £800m to buy new homes in January, down from £1.4bn the year before, and £900m in December. The [...]
Sheepland, a sheep café, could be opening in London thanks to a crowdfunding campaign March 14, 2017 Ewe might find it difficult to believe, but London could be getting its first ever sheep cafe – and they’ve launched a crowdfunding campaign to fund it. Not a baaad idea… In its listing on Indiegogo, the team behind Sheepland say they want customers to experience nature in the middle of a big city. Some [...]
Close Brothers share price jumps after snaring Direct Line chairman Mike Biggs March 14, 2017 Close Brothers' share price jumped two per cent this morning after naming its new chairman and posting half-year numbers that were broadly in line with expectations. Direct Line chair Mike Biggs will join the investment firm's board with immediate effect, taking over from Strone Macpherson on 1 May. The figures Adjusted operating profit over the first six [...]
Night Tube drivers vote for strike action over a “block on career progression” March 14, 2017 Night Tube drivers have voted to strike over a "block on career progression", the Rail, Maritime and Transport (RMT) union announced today. The union announced it was holding a ballot over the issue last month, as did train drivers' union Aslef. The result of Aslef's ballot will be announced on Thursday. Read more: A new Night [...]