Rent prices go up again but rises are slower September 13, 2015 RENTS are still rising at double-figure rates on an annual basis, and are now 10.5 per cent higher than a year ago, according to the latest HomeLet rental index, out today. The average rent on a new tenancy in Greater London reached £1,558 per month during the three months to August, up from £1,440 in [...]
Minister slams Corbyn’s public railway promise September 13, 2015 THE GOVERNMENT is using new data out today on the rail industry to take issue with the newly-elected Labour leader Jeremy Corbyn. Corbyn has argued for renationalising the railways, saying that returning the train system to public ownership would lead to lower fares and better services. But a new report out today from the Rail [...]
Government wants firms to hire ex-criminals and the homeless September 13, 2015 BUSINESSES should do more to hire homeless people and former criminals, a government minister said yesterday. Citing a recent YouGov survey finding that six out of 10 companies said they would be happy to employ a homeless person and nearly seven out of 10 said they would trust an ex-offender’s work skills and capability, employment [...]
Deloitte: UK savers must find extra £10k each year September 13, 2015 British savers will have to find an additional £10,000 each year from now until they retire if the nation is to close the growing so-called “savings gap” between incomes and retirement needs, according to a new report from Deloitte. The firm forecasts that the savings gap could hit £350bn by 2050 – almost £32bn more [...]
Zurich calls on government to apply 33 per cent flat rate of pension tax September 13, 2015 The government should introduce a 33 per cent flat rate of pension tax relief to convince more people to save for retirement, insurance group Zurich has claimed today. The firm said a flat rate is a “long-term solution that gives consumers the certainty they need to save”. Research conducted by YouGov for Zurich has shown [...]
City group: London is EU’s financial centre September 13, 2015 LINKS between financial markets in the UK and the European Union are “fundamental” to the region’s economic prosperity, according to a new report out today. In TheCityUK’s new report on the EU, the industry group argues that financial and professional services support jobs and growth across the EU, bolster business investment and finance government initiatives. [...]
City Moves for 14 September 2015 | Who’s switching jobs September 13, 2015 IMPAX ASSET MANAGEMENT The specialist investment manager has appointed David Winborne as senior portfolio manager. He was previously a member of the in-house asset management team at Tesco Pension Investment. Winborne has also previously worked at Sarasin & Partners and Insight Investment Management. AVIVA INVESTORS John Osborn has been appointed real estate fund manager at [...]
Best of the Brokers for 14 September 2015 September 13, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Shore Capital said the year to June 2015 won’t be remembered as vintage. However there were some rays of light in the second half, thanks to the investment manager’s decision to add risk in the face of some severe price dislocations in late [...]
Inflation likely to have dipped during August – London Report September 13, 2015 UNEMPLOYMENT figures out this week are expected to show a stable labour market, while elsewhere economists are forecasting a dip in inflation and retail sales. Data out tomorrow is expected to show that consumer price inflation dipped back to zero per cent in August, after rising to 0.1 per cent in July zero per cent [...]
Markets await decision from Fed’s meeting – New York Report September 13, 2015 WITH stocks already in a corrective phase on Wall Street, this week’s long-awaited Federal Reserve meeting may not spur a wild market reaction, even if the central bank hikes rates for the first time in almost a decade. Economists are about equally split on whether the long-awaited move will come, though futures market trades are [...]
