Five steps to successfully turn around a distressed company August 26, 2020 In this series, you’ll learn how to best execute turnarounds. Find out what steps to take with a distressed company to facilitate a successful transaction. In this new series, Intralinks has partnered with Yoav M. Cohen, managing partner and CEO of NYC Advisors, LLC, to learn more about how to best execute turnarounds. In the first [...]
The corporate bond market is set for a record year — but also a dangerous and dysfunctional one August 26, 2020 2020 is going to be a record year for the corporate bonds market. New issue investment grade volume in the first half of the year exceeded $2.5 trillion. Records are also being broken in high-yield junk debt, despite a rising corporate default rate. Last week, the US primary market broke through $1.3 trillion of new [...]
UK housing market surges in busiest month in 10 years August 17, 2020 Brits have turned to home-buying to fill the summer holiday void post-lockdown as the UK housing market’s “mini-boom” accelerated in August. Rightmove’s latest house price index released today reveals the highest number of monthly sales in more than 10 years in August. It is up by 20 per cent on the previous high, and with [...]
Deutsche Telekom lifts guidance as Sprint merger boosts revenue August 13, 2020 Deutsche Telekom today increased its guidance for the full year after the $23bn (£17.6bn) merger between T-Mobile and Sprint boosted second-quarter revenue. The figures Deutsche Telekom posted revenue of €27bn (£24.4bn) in the second quarter, up 20 per cent on the same period last year. Earnings before interest, tax, depreciation and amortization after leases jumped [...]
UK house prices move out of negative territory for first time since March August 13, 2020 UK house prices gained momentum last month, moving out of negative territory for the first time since lockdown began as the government’s stamp duty holiday motivated buyers. However the bounce is not expected to last long, as government support schemes wind down in the winter. UK house prices firm up Across the UK in aggregate, [...]
More than 3m older people can’t downsize due to lack of suitable housing August 13, 2020 More than 3m people in the UK over the age of 65 want to downsize to a smaller home but can’t due to a lack of suitable housing and a competitive market. Ahead of the Autumn Budget, a report by Homes for Later Living called for ministers to set a goal of building 30,000 retirement [...]
We need a London housing strategy that doesn’t ignore the squeezed middle August 10, 2020 The UK — and London in particular — faces a housing crisis. This is not news, and nor has the need for more affordable housing been ignored by politicians. Last week, the government announced an overhaul of planning rules to make it easier to build, while earlier this month, a House of Commons committee published [...]
Property industry reacts to planning system overhaul August 6, 2020 The government has launched a consultation on England’s planning system, as it seeks to slash red tape for new developments. In the planning White Paper, published this morning, the government said it wanted to cut the number of planning cases that are overturned at appeal by creating a “clearer, rules-based system”. Every area will have [...]
Bubble trouble: Lessons from three centuries of boom and bust August 6, 2020 While 2020 has seen its fair share of market turbulence, it has some way to go to match the volatility of 1720. This month marks the 300th anniversary of the peak of the South Sea Bubble — one of the first financial bubbles, and still one of history’s greatest. The bubble began when the South [...]
SMMT: New UK car sales rise 11 per cent post-lockdown August 5, 2020 New UK car sales rose for the first time this year in July as dealerships enjoyed their first full month of trading since reopening after lockdown. According to new figures from the Society of Motor Manufacturers and Traders (SMMT), registrations rose 11.3 per cent last month as pent-up demand and special offers tempted consumers to [...]