McCarthy & Stone leads calls for support to help elderly homebuyers November 3, 2014 Retirement housebuilder McCarthy & Stone yesterday called on ministers to focus on addressing housing issues for the elderly and not just first-time buyers. The company, founded in 1977, said housing for the over-65s must become a “priority” for the government. “Most household growth over the next 20 years will involve older people and policy makers [...]
Finncap extends lead atop junior market rankings November 3, 2014 FINNCAP extended its lead at the top of the junior stock market broker rankings last quarter after winning four new clients, a poll out today reveals. The broker now has 105 clients listed on the alternative investment market, up from 101 at the end of last quarter. It means Finncap has a 20 client lead [...]
In need of a holiday… buyout execs’ busiest summer since ‘09 November 3, 2014 UK PRIVATE equity dealmakers had their busiest quarter over the summer after the number of deals clinched rose by more than a third. The traditionally quiet summer lull between June and September sparked back into life with 511 deals signed in the UK, the busiest period since 2009. This was up 35 per cent on [...]
St James’s Place boss David Bellamy: Slow and steady wins the race October 30, 2014 St James’s Place may hold the accolade as the second youngest business on the FTSE 100, but its tender years belie a growing sense of maturity for the firm. Its pool of assets now stands near the £50bn mark, it joined the ranks of the 100 biggest UK companies in March and has an increasingly [...]
Henderson on track despite market hiccups October 30, 2014 CHOPPY markets failed to stem the tide of assets flowing to fund manager Henderson Group yesterday after it reported quarterly inflows of £1.4bn. The FTSE 250 listed group, originally formed to manage the estate of railway magnate Lord Faringdon, said investors pulled £10m from its European equities products but gains elsewhere pushed the group forward. [...]
Analyst Views: How do things look for Henderson after the results? October 30, 2014 PETER LENARDOS | RBC While we acknowledge that investment performance was stronger than both we and consensus expected in quarter three, we maintain our conclusion and continue to believe that consensus forecasts should adjust downwards for current market conditions. DAVID MCCANN | NUMIS Overall we believe Henderson is approximately fairly valued. We still cannot see [...]
Singapore Stock Exchange tries to lure more secondary listings October 30, 2014 The Singapore Stock Exchange yesterday made a bid to attract more foreign companies to launch secondary listings on the bourse by easing its rules. The exchange, known as the SGX, will remove its own second layer of regulatory restrictions on companies if they come from one of 22 so-called developed markets, SGX is using a [...]
Ferrari revs up blockbuster stock market flotation in US next year October 29, 2014 FERRARI is set to float on the stock market next year after its owner Fiat-Chrysler unveiled plans to spinout the iconic car-maker as a publicly listed company. The Italian luxury marque, founded by Enzo Ferrari in 1947, will list 10 per cent of shares in the US as part of a fundraising exercise by Fiat-Chrysler. [...]
Capita share price falls after losing out on probation deals to Interserve and Sodexo October 29, 2014 Outsourcing company Capita yesterday suffered its worst one-day fall in six years after it lost out on £450m worth of government probation contracts. It shed 75p a share to close down nearly 6.5 per cent after justice secretary Chris Grayling named Interserve and Sodexo among the preferred bidders for 21 probation services contracts, but overlooked [...]
Sky gets down with the kids by backing Whistle Sports October 29, 2014 Sports TV giant Sky yesterday ramped up its drive to attract a younger audience by taking a stake in online channel Whistle Sports. Sky will invest $7m (£4.3m) in the venture, founded by serial entrepreneur and Harvard business graduate John West, and work with Whistle to develop new programmes and ideas. The channel, which is [...]