Crispin Odey makes hurried correction to report he wants to enter British politics September 17, 2018 Prominent hedge fund manager Crispin Odey today issued a hurried denial that he intends to swap the world of high finance for front-line politics after a report that he was considering trying for public office. Odey, founder of Odey Asset Management, was reported by Financial News to have expressed an interest in entering political life, [...]
Unilever facing growing shareholder revolt over plans to abandon London PLC September 17, 2018 Consumer goods giant Unilever is facing shareholder revolt over plans to move its headquarters from London to the Netherlands, with more City investors saying they will vote against the decision. Brewin Dolphin today became the latest investment manager in the Square Mile to object to the move, which will see the FTSE 100 stalwart leave [...]
Unilever facing growing shareholder revolt over plans to abandon London PLC September 17, 2018 Consumer goods giant Unilever is facing shareholder revolt over plans to move its headquarters from London to the Netherlands, with more City investors saying they will vote against the decision. Brewin Dolphin today became the latest investment manager in the Square Mile to object to the move, which will see the FTSE 100 stalwart leave [...]
Shore Capital’s asset management division makes up for fall in capital markets September 17, 2018 Weaker capital markets activity held back profits at small cap stockbroker Shore Capital in the first half of 2018 in spite of a big jump in asset management earnings. The firm’s total revenues rose by 6.5 per cent compared to the same period last year to hit £21.6m for the first six months of the [...]
Shore Capital’s asset management division makes up for fall in capital markets September 17, 2018 Weaker capital markets activity held back profits at small cap stockbroker Shore Capital in the first half of 2018 in spite of a big jump in asset management earnings. The firm’s total revenues rose by 6.5 per cent compared to the same period last year to hit £21.6m for the first six months of the [...]
IMF warns time has run out for no-deal Brexit preparations September 17, 2018 The International Monetary Fund (IMF) today warned that the government has run out of time to prepare fully for a no-deal Brexit, saying it would impose “substantial costs”on the British economy. Christine Lagarde, the IMF's managing director, said that a no-deal Brexit risks a "reduction of the size of the UK economy", with a larger [...]
IMF warns time has run out for no-deal Brexit preparations September 17, 2018 The International Monetary Fund (IMF) today warned that the government has run out of time to prepare fully for a no-deal Brexit, saying it would impose “substantial costs”on the British economy. Christine Lagarde, the IMF's managing director, said that a no-deal Brexit risks a "reduction of the size of the UK economy", with a larger [...]
Brexit uncertainty to slow down UK economy further as it endures investment slowdown September 17, 2018 A fall in investment because of continued uncertainty as the date of Brexit fast approaches has weakened the UK’s economic growth outlook, according to an influential business lobby group. Economists at the British Chambers of Commerce (BCC) say growth will slow to 1.1 per cent this year, in forecasts to be published today, a downgrade [...]
Brexit uncertainty to slow down UK economy further as it endures investment slowdown September 17, 2018 A fall in investment because of continued uncertainty as the date of Brexit fast approaches has weakened the UK’s economic growth outlook, according to an influential business lobby group. Economists at the British Chambers of Commerce (BCC) say growth will slow to 1.1 per cent this year, in forecasts to be published today, a downgrade [...]
Consumer spending bounces back in August after mid-summer lull September 17, 2018 British consumer spending rose in August after falling in July, according to data to be published today. Spending rose by 0.4 per cent in the month, after a decline of 0.9 per cent in July, according to the figures from card payments firm Visa. Expenditures have now increased in three of the last four months, [...]
