Tory leadership: Zahawi says he’ll cancel Corporation Tax hike if made PM July 11, 2022 New chancellor Nadhim Zahawi has said he has already “set the wheels in motion” to cancel a planned Corporation Tax hike if made Prime Minister as he proposes a swathe of tax cuts to launch his Tory leadership bid. Zahawi told a Westminster event this afternoon that he would also cut the basic rate of [...]
MJ Gleeson doubles home sales as appetite for affordable property offsets inflation July 11, 2022 Low-cost housebuilder MJ Gleeson has doubled its home sales in the past five years, leaving significant material and labour cost increases in the dust. In an upbeat trading update today, the company boasted a more than 10 per cent jump in sales to a total of 2,000 in the year to 30 June. “Notwithstanding the [...]
Crypto exchanges’ Bitcoin balances plunge, and Ethereum closer to major upgrade July 11, 2022 Data from CryptoCompare shows that the price of Bitcoin moved up at the beginning of last week, going from a $19,000 low to a $22,000 high
Tory leadership race: Johnson refuses to ‘damage anybody’s chances’ by making endorsement July 11, 2022 Boris Johnson has said he does not want to “damage anybody’s chances” of winning the Tory leadership race by making an endorsement. The Prime Minister said he wanted to “let the party decide, let them get on with it”, after a flood of Tory MPs over the weekend announced their campaigns to become the next [...]
Doceo watch list 11.07.22 July 11, 2022 Discount Watch: 10 The number of investment companies whose discounts hit 12-month highs over the last seven days increased by one this week to 10. Case of deja-vu in the private equity and infrastructure sectors after there were second consecutive appearances for LMS Capital (LMS); Schroder British Opportunities (SBO); and infrastructure’s Sequoia Economic Infrastructure (SEQI). [...]
Capital & Regional sells off East London residential site for £22m July 11, 2022 Property manager Capital & Regional (C&R) has sold off a residential development in Walthamstow for nearly £22m just months after snagging planning permission. The site at its 17&Central shopping centre in the East London district, which hosts businesses such as JD Sports, TK Maxx and River Island, has been sold to specialist developer Long Harbour, [...]
Doceo’s Weekly 360 – the week’s news and views in the words of the companies and the professionals July 11, 2022 A unique mandate Fourth Annual Report from fintech investor Augmentum Fintech (AUGM). Chairman Neil England wrote: “The Company’s portfolio of investments has again performed very well with an increase in Net Asset Value (NAV) per share after performance fee of 19.0%. However, the share price and total shareholder return do not reflect the strong performance [...]
UK economy headed for prolonged slump despite jobs market resilience July 11, 2022 The UK economy is headed for a protracted slump and possibly a recession caused by soaring inflation hitting households and businesses, revealed a survey published yesterday. Output has dipped to its lowest level since February last year, when the country was in the teeth of the most onerous Covid-19 prevention measures, according to consultancy BDO. [...]
Bitcoin sentiment continues to rise ahead of US inflation figures July 11, 2022 The price of Bitcoin has slipped four per cent over the past 24 hours, down to around $20,460 this morning.
Money stolen from crypto fraud soars despite crash July 11, 2022 The money stolen from crypto frauds has increased over the past year even as a crash has seen cryptocurrency prices plummet. Crypto fraudsters stole 58 per cent more money in the past 12 months with victims in the UK generally losing £36,250 per fraud, a report by cyber security company NordVPN revealed today. Total losses from crypto fraud [...]