The City View: Patrick L Young on exchanges and the future of finance July 28, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In today’s bumper edition of The City View, Andy Silvester is joined by entrepreneur, author and former exchange boss Patrick L Young. Patrick takes us on a global tour of exchanges and the plumbing of the world’s financial system, touching on the remarkable technological achievements of the last two [...]
Ousted Renault boss takes wheel at Jaguar Land Rover July 28, 2020 Jaguar Land Rover (JLR) has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain’s biggest carmaker to profit after a big hit from the COVID-19 pandemic. Bollore took over at Renault in January 2019 after the fall of Carlos Ghosn. But he was always viewed as being [...]
UK housebuilder stocks surge on Help to Buy extension reports July 28, 2020 UK housebuilder stocks surged this morning on reports that the government is preparing to extend the Help to Buy scheme. Barratt Developments’ share price was up 5.07 per cent and Berkeley Group’s shares jumped 4.07 per cent this morning. Taylor Wimpey’s share price increased 3.29 per cent and Persimmon’s stock was up 4.06 per cent. [...]
Top 5 Reasons why Cryptocurrencies are a waste of time July 28, 2020 Cryptocurrencies. Bitcoin has been around since 2009 and Ethereum since 2015. And there are thousands of other cryptocurrencies – or cryptos for short. Many of them died during the alt-coin apocalypse. Others have managed to hodl on and barely keep themselves afloat. Not every digital token is a cryptocurrency. Some are security tokens – typically [...]
Stamp duty cut sees London house sales rocket 27 per cent July 28, 2020 The stamp duty holiday has significantly boosted London’s housing market, with new sales agreed up by over a quarter in just two weeks, new data has shown. UK house prices rose 0.2 per cent in June as a jump in demand for houses outstripped a fall in the number of sellers, the figures also showed. [...]
Michel Barnier reportedly believes post-Brexit trade deal is possible July 27, 2020 EU chief negotiator Michel Barnier has reportedly expressed his belief to Brussels colleagues that a Brexit trade deal could get done with the UK, just days after publicly saying it was “unlikely”. Reuters reports that Barnier told a meeting of EU officials today that a deal could be completed before the end of the post-Brexit [...]
Why the UK should rethink its restrictive rules on dual-class shares July 27, 2020 The ability to have a dual-class voting structure can be an important consideration for high-growth, innovative companies (especially those in the technology sector) when deciding on an IPO venue. These structures are not possible for a premium listing in London, whereas they are available on other major stock exchanges, meaning that the UK risks missing [...]
Want a recovery that works for everyone? Fix the injustices in the tax system July 27, 2020 The lockdown shone a spotlight onto a two-speed, two-nation Britain, where better-paid white-collar professionals worked from home, while less well-off key workers had to keep travelling to work, often on crowded public transport, to do riskier jobs. Even worse, it turned out that those less well-off key workers were paying much higher tax rates than [...]
Stamp duty cut makes UK buyers among Europe’s lowest taxpayers July 27, 2020 The government’s emergency stamp duty cut means buyers in the UK now pay among the lowest in tax in Europe, even on a prime property. British buyers are now paying just 1.93 per cent of a property’s value in tax compared to the European average of 4.53 per cent, a new study by accountancy network [...]
Vodafone targets 2021 IPO for European towers unit July 24, 2020 Vodafone today confirmed it would target an early 2021 initial public offering (IPO) for its European telecoms towers business. The spin-off will see the division renamed Vantage Towers after Vodafone signalled its intention to separate the unit to maximise shareholder value. Vodafone said it will seek a prime listing in Frankfurt for its European mast [...]