Sajid Javid confirms budget will take place later this year October 1, 2019 Sajid Javid has confirmed that a budget will take place later this year. The chancellor said there would be a budget in “due course” later in the year following on from last month’s one-year spending round, in which he announced an increase in funding for the NHS, education and the police. Read more: Sajid Javid [...]
Sainsbury’s plans local supermarket expansion as it quits mortgage market September 25, 2019 Around 110 new Sainsbury’s Local stores will open up across the country, the supermarket announced today as it closed a swathe of stores and pulled out of the mortgage market. Weeks after reports emerged of a major shake up at Sainsbury’s Bank, the store confirmed that it would immediately stop new mortgage sales. It is [...]
Analysis: Could HKEX’s shock £32bn grab for London Stock Exchange actually succeed? September 11, 2019 Talk about a blockbuster day in the City. Investors expecting a quiet morning were caught off guard when the London Stock Exchange received a shock £32bn offer from Hong Kong Exchanges and Clearing (HKEX). Read more: Hong Kong bourse makes audacious £32bn offer for London Stock Exchange The bid, which puts the LSE’s own £20bn acquisition [...]
Litigation Capital Management bosses say Burford woes will not dampen sector September 10, 2019 The management of litigation funder Litigation Capital Management (LCM) said today that the negativity around fellow funder Burford Capital would not dampen the sector, as they announced their debut London results to the stock market. Last month Aim-listed Burford was savaged in an attack by shortseller Muddy Waters which criticised its governance and its use [...]
How will global disruption affect small cap stocks? September 9, 2019 Small capitalisation stocks, or small caps, can offer the potential for higher returns compared with investing in larger companies, although they are not without risks. As with all equities, investors may not get back the amount they originally invested. As well as the potential for higher returns, investors are also being drawn to the sector [...]
DEBATE: Should capital gains tax be raised and aligned with income tax? September 9, 2019 Should capital gains tax be raised and aligned with income tax, as it was under Margaret Thatcher? YES, says Robert Palmer, executive director of Tax Justice UK Why should someone who goes out to work for a living pay a higher rate of tax than someone living off their wealth? It’s an important question, especially [...]
Hey Conservatives, stop attacking Greta Thunberg and come up with better market-led ideas September 5, 2019 Nobody likes being lectured at. Perhaps this aversion explains – although in no way excuses – the sustained attacks on the teenaged climate activist Greta Thunberg by many on the right. Whether it’s vile jokes about her dying at sea or the faux concern about her mental health, anyone who makes such comments should be [...]
Housebuilder Barratt Developments defies Brexit jitters as profits climb September 4, 2019 Barratt Developments shrugged off concerns of a housing market slowdown today after reporting a rise in pre-tax profits for the year to June 2019. The figures Britain’s largest housebuilder, which has been reducing its exposure to Central London’s subdued property market, posted profits before tax of £910m in the 12 months to 30 June, rising [...]
DEBATE: Is there any merit to Labour’s idea of a ‘right to buy’ policy for private renters? September 3, 2019 Is there any merit to Labour’s idea of a ‘right to buy’ policy for private renters? James Meadway, an economist and former adviser to John McDonnell, says YES. Labour looking into a right to buy for private tenants could be a godsend for those tens of thousands of private renters who find themselves on the [...]
Burford Capital’s shares fall on fresh criticism from Canaccord analysts August 29, 2019 Shares in Burford Capital fell a further six per cent today as analysts at broker Canaccord Genuity unleashed a fresh barrage of criticism at the embattled litigation funder. Burford Capital’s shares lost 40 per cent of their value earlier this month after shortseller Muddy Waters blasted its accounting practices and governance. Read more: Burford left [...]