Why Shoreditch is still so attractive for young firms – Investec Comment October 18, 2015 For a young business finding its feet, office space is a classic challenge. Alongside being a sizeable overhead, the question of how much space you take and how long you take it for is not easily resolved. Landlords will typically want to sign you up for as long as possible. But while your company is [...]
QIPCO British Champions Day at Ascot preview: Jack Hobbs to give Gosden yet another big win October 16, 2015 What a season it’s been for John Gosden. The master of Clarehaven has plundered big prizes almost on a weekly basis and the trainers’ championship is now in the bag. He’d love to end the campaign on a high and he has a massive chance of winning his first QIPCO Champion Stakes tomorrow (3.05pm). [...]
Cain Hoy and Sager secure loan for £400m luxury Islington scheme October 14, 2015 Cain Hoy, the US private equity firm that fleetingly considered buying Tottenham Hotspur last year, is pushing ahead with the £400m luxury development of a landmark Islington site after securing a £190m loan. Cain Hoy and its joint venture partner Sager Group are turning the Edwardian former Royal Mail sorting office on Upper Street into a residential, [...]
Bank of England’s newest MPC member Gertjan Vlieghe flags global risks to UK growth October 13, 2015 The Bank of England's (BoE) newest rate-setter has singled out headwinds from abroad as the biggest threat to the UK economy. Speaking to the Treasury Select Committee, Gertjan Vlieghe told MPs that the BoE's monetary policy committee – which sets interest rates – must factor in global economic developments. "We absolutely have to take into account [...]
FTSE retreats as aerospace and miners weigh – London Report October 13, 2015 Mining and aerospace stocks weighed on FTSE yesterday as the UK’s top share index fell after posting its biggest weekly gain since 2011 in the previous session. The benchmark FTSE 100 index was down 0.7 per cent at 6,371.18 points at its close, its first daily loss in nine sessions, having risen for the previous [...]
Don’t overlook the blossoming UK mid-market – Investec Comment October 11, 2015 Germany's Mittelstand is a point of national pride, but Britain’s mid-market companies are often unfairly overlooked. While the largest firms gain attention by virtue of their size, and smaller businesses are regularly prioritised by government, mid-sized companies – broadly, those with an annual turnover of between £10m and £200m – don’t get the attention they [...]
Millennials are raking it in from their grandparents’ cashed-in pensions October 6, 2015 The Taxpayers’ Alliance may be pushing for an end to winter fuel subsidies and senior bus passes, but researchers at Investec have hit back with a study claiming that pensioners are already hard done by because they have to spend so much on their damn grandkids. The study couldn’t have been better timed, it [...]
Senior workers are holding off retirement and cashing in pensions for their own children October 5, 2015 The Taxpayer’s Alliance may be pushing for an end to winter fuel allowances and senior bus passes, but researchers at Investec have hit back with their own study, claiming that the elderly are already suffering because they’re giving too much of their pension pots to their grandchildren. The study claims that parents and grandparents who gift [...]
UK interest rates to stay at record low but another hawk could appear October 5, 2015 The UK’s rate-setters are widely expected to hold fire on interest rates when they meet this Thursday, but the door is open for at least one more member of the nine-strong committee to dissent than last time around. Last month saw the Bank of England’s monetary policy committee vote eight to one to hold [...]
City Moves for 05 October 2015 | Who’s switching jobs October 4, 2015 EY The professional services firm has appointed Omar Ali as its new UK financial services leader. He replaces Chris Price, who will lead EY’s global people advisory services. Ali was previously UK banking and capital markets leader. He joined EY in 2001, becoming a partner at the age of 29 in 2006. He began his [...]