The Hundred: Why sponsors will like English cricket’s controversial competition proposal June 10, 2018 “Embarrassing and shambolic – a total mess.” No, not the England team’s performance against Pakistan in the First Test at Lord’s last month, but former skipper Michael Vaughan’s verdict on the England and Wales Cricket Board’s proposal for a new eight-team city-based tournament, dubbed “The Hundred”. It is fair to say that the announcement of [...]
Samsung selling Commerzbank’s £425m London HQ near Bank of England June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany’s Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Samsung selling Commerzbank’s £425m London HQ June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany's Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Property tycoon Robert Tchenguiz suffers blow in the Supreme Court over discretionary trust April 23, 2018 Property tycoon Robert Tchenguiz has lost a landmark Supreme Court judgment against a conglomerate of advisers he claimed acted negligently when his discretionary trust fell into financial difficulty. The London businessman, thought to be worth around £800m, accused various trustees of the Tchenguiz Discretionary Trust (TDT) of failing to alter the trust’s structure around the [...]
Poundland owner Steinhoff tells angry shareholders it is renegotiating debt April 20, 2018 Steinhoff, the South African retailer, said today that it is renegotiating its debt as it faced shareholders for the first time since its shares plunged on the emergence of an accounting scandal. An investigation into the scandal is making “good progress”, the acting chairman told investors, and is expected to be completed by the end [...]
Return to growth for real wages on cards after year of struggle April 15, 2018 Wage growth will outstrip inflation for the first time in over a year if economists’ expectations are realised in data to be published on Tuesday, ending a year in which real-terms pay has sagged. The Office for National Statistics (ONS) is expected to report average earnings including bonuses picked up to an annual rate of [...]
From vicars to City titans: Goldman Sachs, Shell and Barclays among names behind £550m Lloyds legal battle | City A.M. April 4, 2018 Today City A.M. reveals the varied and surprising names behind a massive £550m legal battle with Lloyds over its takeover of HBOS at the height of the financial crisis – and the cast includes major institutions, aristocrats, vicars and politicians. The groups, which includes institutions such as Goldman Sachs, Nomura Asset Management and pension funds [...]
Shadow MPC: The Bank of England should hold interest rates amid hesitantly positive economic data March 22, 2018 Interest rates are widely expected to be kept at their current 0.5 per cent level today, as the Bank of England (BoE)’s monetary policy committee (MPC) meets to deliver its verdict. In the second MPC rate review of this year, due to be announced at midday, the BoE’s policy makers are likely to credit only [...]
Here are some last minute ISA options March 19, 2018 By adding to your ISA pot each year you can build up a considerable tax-free shelter around your investment portfolio. Over time, this could mean higher returns. Time is running out for investors wishing to use the 2017/18 tax year’s £20,000 allowance, and it is lost forever if you do not use it. While it [...]
The UK’s gas supplies are running low as freezing weather grips the country, National Grid warns March 1, 2018 As freezing weather continues to seize the UK today, National Grid has warned Britain does not have enough gas supplies to meet demand. The UK’s grid operator issued a gas deficit warning as a perfect storm of supply issues and rocketing demand hit the nation, saying the UK’s gas supplies fell more than 50m cubic [...]