From funding pub refurbs to legal costs, here are some unusual Isa investments on offer March 6, 2019 Nobody wants to put their hard-earned savings into rubbish assets. Unless, that is, you want to use your annual Isa allowance to invest in an eco-friendly waste processing facility. This is just one of the esoteric investments available to subscribers of the Innovative Finance Isa (IFISA), which lets investors lend to businesses in search of returns. [...]
Barclays and Bank of Ireland sued over film finance tax evasion scheme February 26, 2019 Barclays and Bank of Ireland are being sued as part of a £180m lawsuit brought by investors in a film finance scheme the pair were involved in. Investors in the Eclipse film financing scheme lost out after tax authorities ruled the vehicle, which purported to invest in Disney films, was actually a tax avoidance scheme. [...]
City Moves for 21 February – who’s switching jobs at Cushman & Wakefield, Baker Botts and Kingswood Holdings? February 20, 2019 Who’s on the move today? Cushman & Wakefield Cushman & Wakefield has re-hired Duncan Gilliard as a partner in its central London retail team to bolster its market leading offer. Gilliard, who previously worked for Cushman & Wakefield for five years, joins from JLL where he was a director in the London retail team. He [...]
HSBC sued for £150m in relation to Disney tax avoidance scheme February 18, 2019 HSBC Private Bank is being sued for £150m by over 400 investors in connection with a film financing scheme that purported to invest money in Disney blockbusters for tax benefits. Investors, including ex-Manchester United manager Sir Alex Ferguson and ex-England managers Sven-Goran Eriksson and Glenn Hoddle, lost out after tax authorities ruled that the film [...]
RBS cuts bonus pool to £335m after posting successive annual profits February 9, 2019 Royal Bank of Scotland (RBS) will hand out a £335m bonus to its staff next week with it set to announce its second successive annual profit since becoming state-owned. The RBS board and UK Government Investments (UKGI) have agreed on the bonus amount. UKGI manages the public’s 62.4 per cent stake in the bank. Payouts [...]
Law firm DWF aims to raise £75m in pre-Brexit March float February 8, 2019 Law firm DWF said it is targeting a March listing on the London Stock Exchange, with plans to raise £75m. That would make its listing the largest undertaken by a law firm so far, outstripping Knights which raised £50m in June. The firm said it expects to announce the final offer price following its marketing [...]
Law firm DWF announces intention to float in UK’s largest legal listing January 31, 2019 Law firm DWF yesterday announced its intention to float on the main market of the London Stock Exchange in what would make it by far the largest law firm to go public worldwide. The firm would become just the sixth publicly traded UK law firm, the first to list on the main market and the [...]
Galacticos! Inside the US law firm building the most expensive team in UK legal history January 13, 2019 In 2000 Real Madrid signed Portuguese football star Luis Figo from arch rivals Barcelona in a move that signalled the start of the galacticos era at the Spanish club which used its financial clout to bring other international stars such as Zinedine Zidane, David Beckham and Brazilian striker Ronaldo to the Bernabeu in the following [...]
City Moves for 4 January – who’s switching jobs at Trium Capital, Hurricane Energy and Jenner & Block? January 4, 2019 Who’s switching jobs? Trium Capital Trium Capital, the London-based alternative investment specialist, has hired proven industrials specialist Jonathan Ingram to manage a new developed market, industrials-focused equity market neutral strategy. Jonathan’s appointment is one of several recent high-profile hires for Trium, as the group prepares to unveil a broader proposition to investors. Jonathan has worked on [...]
Stock predictions 2019: Which stocks and shares will do well this year? January 2, 2019 After a tumultuous year in the markets with Brexit uncertainty, the threat of trade war and rapidly changing consumer habits, the FTSE 100 suffered its worst year since the financial crisis in 2018, ending it 12.5 per cent down. While there is no sign that 2019 will be any less eventful, with the date Britain [...]