Numis share price jumps after broker posts five per cent increase in revenues October 6, 2015 Numis reported revenues were up five per cent in a trading update today, boosted by a stronger performance in the six months to the end of September. The broker and investment bank said it had completed 38 equity deals, including 11 IPOs, over the financial year, meaning for the third successive year it had raised [...]
Consumer Rights Act 2015 comes into force today, giving UK customers right to 30-day refund and new rights for digital purchases October 6, 2015 The 2015 Consumer Rights Act comes into force today bringing a raft of changes, from making it easier for shoppers to get a refund for a faulty app download, to paving the way for big US style class-actions. If a company is found to have breached competition law, by fixing prices, or abusing its dominant [...]
Lack of super-fast broadband is holding back London businesses October 6, 2015 Tens of thousands of small businesses in London are being held back by “painfully slow” internet access. Despite London’s position as Europe’s leading tech city, Westminster City Council said less than half the borough, 47 per cent, has access to super-fast broadband. The problem is worse for SMEs, which account for 65 per cent of [...]
Shore Capital posts 92 per cent jump in profit during 30th year in business October 6, 2015 Stockbrokers Shore Capital announced a 92.4 per cent increase in interim pre-tax profit in their 30th year of doing business, up from £5m in the first half of 2014 to £9.5m. The company saw revenues increase by 15.1 per cent, to £25.9m and earnings per share up 67.7 per cent, to 20.8p. Boosted by the [...]
UK M&A activity up 58 per cent as global deals notch up $2.66 trillion total so far in 2015 October 6, 2015 UK companies contributed $282bn (£186bn) so far this year to the global M&A total, which Thomas Reuters figures suggest is $2.66 trillion for the first three quarters. In the latest set of data confirming that 2015 has been a bonanza year for M&A, Deloitte figures suggest the value of deals involving UK companies, as target [...]
UK house prices expected to rise again over next 12 months – Halifax October 6, 2015 A looming interest rate hike has failed to dent the outlook for house price growth in the UK. Halifax’s quarterly housing market survey revealed house price inflation is at nine per cent yet optimism remains high, with 68 per cent of Britons expecting average property prices to be higher in 12 months’ time and [...]
FCA proposes changes to new pensions regime in wake of George Osborne’s reforms October 6, 2015 Customers will receive more guidance and information when purchasing retirement products, under new proposals from the Financial Conduct Authority. Chancellor George Osborne shook up the pensions market in his 2014 Budget, when he announced that retirees would no longer be required to purchase annuities with their pension pots. The new pensions rules, which came into [...]
Eurozone in sweet spot of recovery boosted by low oil prices and good exchange rate – EY October 6, 2015 The Eurozone is still in a “sweet spot” as it benefits from lower energy prices, a more competitive exchange rate and solid demand in the UK and US, according to forecasts from EY. In its EY Eurozone Forecast (EEF) for October, the financial services firm predicts that investment spending will pick up in 2016, which [...]
Private investment group Ardian makes offer for European food firm Solina October 6, 2015 Independent private investment company Ardian has submitted a binding offer and entered into exclusive talks concerning the purchase of European food company Solina. Ardian was previously Axa Private Equity, before becoming a private firm in 2013. Its portfolio includes investments in food chain Eat, Luton Airport and Wood Mackenzie. Solina, based in Brittany, France, provides [...]
London property price boom is making flatshares unaffordable for the capital’s residents October 6, 2015 Not only is London the most expensive place to buy a property in the UK, and seemingly getting pricier all the time, it is also becoming increasingly difficult to live in a flatshare in the capital. The average monthly price for a rented room in London is £692.30, according to data from flatshare website [...]
