Asset managers must adapt to serve investors in an age of disruption November 21, 2016 Today's investors and their advisers face a torrent of change from all quarters. Political, economic and regulatory turbulence is matched only by the speed at which technology is transforming business models, choices and decision-making. The low interest rate and low growth environment is creating real challenges for institutional and retail investors. These challenges form the central [...]
Top industry groups hit out at proposed changes to business rates November 21, 2016 A group of industry lobby groups has hit out at Treasury proposals to prevent small firms from appealing against business rates up to a certain level. Research by Daniel Watney LLP and Blackstock Consulting, using official government data, found the changes could cost small firms in England more than £700m over the next five years. [...]
Holiday shoppers are undeterred by the referendum result, but they choose deals over brand loyalty November 20, 2016 Black Friday sales are cropping up all around the UK, but while holiday shopping is set to be strong this year, the major discounting event might not be as profitable for retailers as what comes next. Nearly 40 per cent of shoppers are waiting for the best discounts to come after Christmas and New Year, [...]
Jimmy Choo’s share price rises on sterling’s slide November 18, 2016 Jimmy Choo's share price climbed this morning after the company reported revenue growth due to improved trading and store openings. The luxury retailer's share price was up three per cent at time of writing. Read more: West End gets Brexit boost as sales to tip over £9bn for the first time It said its success [...]
You’ll get the biggest payrises if you pursue these 10 careers (spoiler: banking isn’t one of them) November 18, 2016 Fancy a payrise? It might be time to change careers – because new figures have identified the 10 jobs where people get the biggest salary increases as they progress up the ladder. And despite its high-paying reputation, banking isn't one of them… According to the list, those working in retail can expect the biggest payrises [...]
Editor’s notes: Whatever your view of him, Farage should sit in the House of Lords November 18, 2016 There are many ways to get a peerage these days. You could conduct a white-wash inquiry into the Labour party’s problem with emboldened anti-semites; you could bounce from quango to quango until a seat on the red benches is the next logical step; you could donate to a political party; or you could have the [...]
Londoners are the most likely to take work off to bag a bargain on Black Friday November 17, 2016 Why work when you could shop? It seems a healthy chunk of us have been asking ourselves that very question, and have decided to skip work for the year's biggest day of discounting – Black Friday. According to a survey by discount retailer The Original Factory Shop (Tofs), seven per cent of us intend to [...]
Junior market to get a makeover: London cosmetics firm plans Aim float November 17, 2016 The London Stock Exchange’s junior market is set for a makeover this month. Warpaint London, a cosmetics business, has announced plans to float on the Alternative Investment Market (Aim). Founded in 1992, the company’s flagship brand is W7, which was launched in 2002 and named after its founding postcode in west London. Read more: From [...]
Now Heathrow Airport’s trying to swoop in on the Christmas ad battle with this tear-jearker featuring two teddy bears November 17, 2016 First it was John Lewis that routinely took the crown for best Christmas ad. But in recent years other retailers have been upping the ante – from Sainsbury's to M&S to Waitrose's adorable robin. And now, not content with winning the battle over airport expansion (for now), Heathrow Airport has unveiled its very first Christmas ad [...]
London investment firm buys Paris’ largest hotel November 16, 2016 A London-based property group has bought the largest hotel in Paris. Henderson Park, an investment firm set up by former Goldman Sachs executive Nick Weber, purchased Le Meridien Etoile for €365m (£314m). It was the first purchase for the firm, which was launched in September 2016 and is investing in real estate across Europe. The group bought the hotel [...]