FTSE 100 ends the day 100 points down despite Rolls-Royce gains June 15, 2018 The FTSE 100 ended the day down more than 100 points as trade war fears reared their head again. After Donald Trump confirmed he will slap tariffs on $50bn worth of Chinese goods, London's blue-chip index closed down 131.9 points at 7,633.9. Global market sentiment was low today, but the FTSE performed particularly poorly due [...]
UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for "trophy buildings" in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
UBS London HQ is sold for £1bn as Asian investment in London real estate rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for “trophy buildings” in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
Which countries are most at risk from a trade war? June 14, 2018 The US and China have been trading fierce rhetoric over the past two months, threatening to slap billions of dollars' worth of tariffs on each other's goods and services. If the skirmish turns into a full-blown trade war could it threaten the global economic recovery? While the current dispute between the two countries hasn’t officially [...]
DEBATE: Should MPs reject each of the 15 House of Lords amendments to the Brexit bill today? June 12, 2018 Should MPs reject each of the 15 House of Lords amendments to the Brexit bill today? David Campbell Bannerman, MEP and board member of Leave Means Leave, says YES. The job of the House of Lords is to amend and improve, not to wreck, sabotage, or unconstitutionally reverse the decision of the British people, nor [...]
The focus on tech stocks is too narrow – it’s time to get creative June 12, 2018 Tech is a no brainer for investors. But a simple investment theme for the sector is being badly executed. Investors are too narrow in their focus, chasing Nasdaq and FANG (Facebook, Amazon, Netflix and Google) stocks, in a similar way to how they tend to play emerging markets. That is, in a simple fashion. Investor [...]
HSBC to invest up to $17bn in expansion and tech as it swings to ‘growth mode’ June 11, 2018 HSBC will invest as much as $17bn (£12.7bn) in expanding its network and adopting new technology as it puts a period of restructuring behind it, its chief executive announced today. The UK's largest bank by assets will invest between $15bn and $17bn "primarily in growth and technology", chief executive John Flint said in an announcement. [...]
Softbank is to sell a majority stake in the Chinese arm of Arm Holdings for $775.2m June 5, 2018 Arm Holdings, the British chip designer owned by Softbank Group, has announced the upcoming sale of a majority interest in its Chinese semiconductor design unit for $775.2m (£580.3m). The company is selling 51 per cent of its Chinese business, Arm China, and will cede control of the unit following the sale. Arm Holdings intends to [...]
The top and bottom performing investment funds in May June 4, 2018 “Sell in May and go away” advises the well-known City adage, which also suggests returning to the market after “St Leger Day”. This is the date in September when the horse race of that name is run and, traditionally, when the summer lull in trading is over. It bears little relevance in the modern era [...]
DEBATE: In the wake of the Carillion scandal, is it time to break up the Big Four accountancy firms? May 17, 2018 In the wake of the Carillion scandal, is it time to break up the Big Four accountancy firms? Rachel Reeves MP, chair of the Business, Energy and Industrial Strategy Committee, says YES. Virtually all the FTSE 250 are audited by the Big Four. This cosy and complacent club has long, lucrative relationships with these companies. [...]