Horse Racing Betting Tips: There’s Moore to come from Stoute’s pair September 20, 2018 TRAINER Sir Michael Stoute and jockey Ryan Moore can rekindle the magic of their former association by landing a quickfire double at Newbury tomorrow. The pair team up with the lightly raced ADAMANT in the opening Dubai Duty Free Handicap (1.45pm), who bounced back to form at Chelmsford last month after disappointing at Newmarket on [...]
Paragon share price jumps as loan sale pushes up profits amid strong buy-to-let pipeline September 18, 2018 Challenger bank Paragon today announced a "reverse profit warning" after it sold a portfolio of loans, while it also sees a strong pipeline of buy-to-let loans. In an unscheduled trading update published today, Paragon said the premium for which it sold the assets will have a positive impact of seven pence per share on final [...]
Paragon share price jumps as loan sale pushes up profits amid strong buy-to-let pipeline September 18, 2018 Challenger bank Paragon today announced a "reverse profit warning" after it sold a portfolio of loans, while it also sees a strong pipeline of buy-to-let loans. In an unscheduled trading update published today, Paragon said the premium for which it sold the assets will have a positive impact of seven pence per share on final [...]
Investec shares grow as it plans to demerge asset arm for London listing September 14, 2018 Shares in South African banking group Investec flew up 10 per cent today as it revealed plans to spin off its asset management arm and list it in London. Investec Asset Management (IAM) will be listed on the London Stock Exchange in a demerger Investec believes “simplifies the group”. It will also have an inward [...]
Investec shares grow as it plans to demerge asset arm for London listing September 14, 2018 Shares in South African banking group Investec flew up 10 per cent today as it revealed plans to spin off its asset management arm and list it in London. Investec Asset Management (IAM) will be listed on the London Stock Exchange in a demerger Investec believes “simplifies the group”. It will also have an inward [...]
CYBG’s £1.7bn takeover of Virgin Money approved by shareholders September 10, 2018 Shareholders have backed banking group CYBG's £1.7bn takeover of Virgin Money. CYBG, which owns Yorkshire Bank and Clydesdale Bank, and Virgin Money held general shareholder meetings this morning where three motions related to the deal were passed with an overwhelming majority. Read more: Virgin Media wins landmark legal case against council over land access All three resolutions were passed [...]
British economy enjoys surprise July jump in activity to record strongest growth in almost a year September 10, 2018 The British economy surprised economists in July as output grew by 0.3 per cent, with a sunny services sector outlook alongside unexpected support from the construction sector contributing to the pick-up. The three months to July saw GDP expand by 0.6 per cent, picking up from 0.4 per cent growth in the second quarter of [...]
Challenger banking app Monese lands $60m series B from Kinnevik and Augmentum Fintech September 6, 2018 UK and European digital banking app Monese has scored a $60m (£46.4m) series B fundraising round, led by venture capital firm Kinnevik. London-based fintech investment vehicle Augmentum Fintech also got on board to contribute £5.3m, alongside new investors Paypal and Avios. Existing investors such as Investec's INVC Fund also participated. Powered by an e-money licence, Monese has [...]
M Restaurants founder to lead Gaucho as new owners take control September 5, 2018 Administrators have confirmed the sale of Gaucho to a pair of banking groups, and the appointment of M Restaurants founder Martin Williams to lead the business. As City A.M. has previously revealed, Investec and SC Lowy bought out the company's debt last month with a view to a takeover. Today administrators at Deloitte said Gaucho had been sold [...]
Exclusive: Asian buyer nears £425m deal for Commerzbank HQ September 2, 2018 Commerzbank’s London HQ is set to be sold in a deal worth almost £500m to an undisclosed Asian buyer later this week, City A.M. understands. An agreement for 30 Gresham Street, which was put on the market by Samsung Life Insurance earlier in the summer, is reportedly nearing its final stages, as the burgeoning Asian demand [...]