CMC Markets profit slumps 30 per cent in first half of the year on lack of trading activity November 23, 2016 Profits dropped almost 30 per cent in the first half at online trading group CMC Markets, the group revealed today, due to a lack of client trading activity. The figures Profit before tax dropped 29 per cent to £18.8m from £26.5m, while net operating income was down four per cent to £75.5m from £78.9m. Earnings per [...]
Strutt & Parker Research names six real estate trends making their way to the UK from across the pond November 21, 2016 The Coffice If don’t fancy signing an office lease but dread the local coffee house guilt, then perhaps a coffice visit is in your future? Using an app on your phone, reserve dedicated workspace at the local coffee shop that has designated office space built-in. It is cheaper than a co-working space contract, but a [...]
Helical sells £35m investment property November 21, 2016 Property developer Helical has sold an investment property in Hammersmith for £34.5m. The property, One King Street, was bought by Orchard Street Investment Management, providing a net yield of 4.85 per cent for Helical. Helical purchased the building in 2012 and has since refurbished it, adding an additional floor. The offices, combined with the retail [...]
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 [...]