Korean state-owned bank reportedly in £182m offer for One Poultry September 16, 2018 State-owned Industrial Bank of Korea (IBK) has reportedly offered £182m to buy One Poultry, the landmark office building close to the Bank of England. IBK is working with Hana Financial Group, a large Korean asset manager, on the bid, according to the Financial Times. The controversial building, which was voted by Time Out magazine readers [...]
Korean state-owned bank reportedly in £182m offer for One Poultry September 16, 2018 State-owned Industrial Bank of Korea (IBK) has reportedly offered £182m to buy One Poultry, the landmark office building close to the Bank of England. IBK is working with Hana Financial Group, a large Korean asset manager, on the bid, according to the Financial Times. The controversial building, which was voted by Time Out magazine readers [...]
Beleaguered Grayling set to announce major new review of rail services September 16, 2018 The government is set to launch a major review of the UK’s railways this week, following widespread criticism and a series of operational problems. Transport secretary Chris Grayling is expected to appoint Keith Williams, the former boss of British Airways, to undertake a systematic, 12-month review of the country’s rail services. Williams is the deputy [...]
Beleaguered Grayling set to announce major new review of rail services September 16, 2018 The government is set to launch a major review of the UK’s railways this week, following widespread criticism and a series of operational problems. Transport secretary Chris Grayling is expected to appoint Keith Williams, the former boss of British Airways, to undertake a systematic, 12-month review of the country’s rail services. Williams is the deputy [...]
Value of inward UK M&A deals falls by £15.8bn September 4, 2018 The value of mergers and acquisitions (M&A) of UK companies by foreign businesses fell by £15.8bn between April and June this year. The drop, from £22.3bn to £6.5bn, reflected the absence of high-value transactions that were seen in previous periods, the Office for National Statistics (ONS) said. Read more: Petrol station merger could drive up fuel prices, [...]
ISA saver numbers fall to lowest level since 2000 August 31, 2018 The number of savers using ISAs has fallen to an 18-year low as consumers seek alternative investment methods. New account numbers fell to 10.8m in 2017/18, the lowest number since 2000, according to new figures published by HMRC today. However, although there are fewer accounts, the amount of money being saved in ISAs has increased hugely – [...]
Alexa can now let you automatically check the balance of your pension August 21, 2018 Amazon’s Echo Dot gadget can be used for a number of different functions – but now it can even automatically check on the balance of your pension. The smart speaker, which is activated by saying “Alexa” can already switch the lights in your home on and off, read the news and play your music using [...]
City Moves for 21 August 2018 – who’s switching jobs at Barclays, Aviva Investors and Petrofac? August 20, 2018 NULL
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
Rise in weather related claims makes dent in Aviva’s first half profits | City A.M. August 2, 2018 Insurer Aviva said profits took a slight dip in the first half of 2018 as business was hit by divestments, weak earnings in its Canada division and a rise in weather related claims. The figures Operating profit was down two per cent to £1.4bn – excluding disposals it rose four per cent to £1.4bn. It [...]