Before the bell: What you need to know before the US market open June 6, 2016 Markets are hoping for clarity from Fed chair Janet Yellen later and a British exit from the European Union is looking more likely as a poll gap narrows. Here's what you need to know before the US market opens at 14:30 London time. US stocks are pointing up in the pre-market. The S&P is up by 0.13 per cent, the [...]
A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
Lastminute.com founder Lady Martha Lane Fox adds “mother” to her extensive CV June 5, 2016 Lastminute.com's co-founder Martha Lane Fox is adding yet another job to her CV – mother of two. The busy Baroness Lane Fox of Soho, who is also on the board at Marks and Spencer, Twitter and Channel 4, is used to juggling more than one responsibility in her career, so rearing twins should be a piece of cake. [...]
Proposed government plans on steel pensions could see oldest pensioners losing out on thousands, warns former minister June 4, 2016 Proposals to rule changes for the British Steel Pension Scheme could strike the oldest and most vulnerable pensioners the hardest, a former pensions minister warned today. Steve Webb, who is now director of policy at Royal London, said his firm's calculations suggested that an 80-year-old currently receiving an income from the scheme could be as much as £10,000 [...]
Supermarket sweep: Sainsbury’s boss Mike Coupe on for 86 per cent payrise June 3, 2016 J Sainsbury has proved that it is undeterred by the general shareholder sentiment this AGM season, awarding chief executive Mike Coupe an 86 per cent payrise. As revealed in the supermarket's annual report, which was published today, Coupe will receive £2.8m for his efforts for the 2015-16 financial year, up from £1.5m the year before. However, the paypacket for Coupe, [...]
New homes on sale in London: from a Hackney reservoir opened by Sir David Attenborough to Shared Ownership homes in Greenwich and Penge June 2, 2016 Woodberry Down, Stoke Newington From £475,000 Live in an apartment overlooking a protected nature reserve in north east London that hasn’t been accessible to the public for 200 years. Sir David Attenborough re-opened the Stoke Newington Reservoir in April and now the first homes next to it, The Nature Collection, are on sale. Set across [...]
CBRE group expands into luxury end of the UK property market with acquisition of London retail property adviser June 2, 2016 Property giant CBRE has acquired the London-based property advisory Michael Horwitz & Company specialising in luxury goods retail sector, boosting its presence in the high end of the property market. The acquisition follows CBRE's move to buy the luxury property retail adviser Michael Peddar & Co in 2011. Michael Horwitz & Company, founded in 1996, has a [...]
New regulation might be seriously ill-conceived, but there is still hope for equity crowdfunding in the US June 2, 2016 Ordinary American investors finally got permission to invest in startups and other private businesses last month. Equity crowdfunding, as this form of investment has come to be known, has been a reality in Britain for almost four years. Seedrs, the London-based platform I co-founded, became the first regulated equity crowdfunding platform in 2012. Since then, [...]
Before the bell: What you need to know before the US market open June 1, 2016 The Organisation for Economic Co-operation and Development (OECD) has warned that Brexit would play havoc with the global economy and Japan's Prime Minister Shinzo Abe says the country will get fresh new stimulus in the Autumn. Here's what you need to know before the market open at 14:30 London time. US indices are pointing the wrong way in the pre-market. [...]
City Moves for 1 June 2016 | Who’s switching jobs June 1, 2016 Together Helga Wright has joined specialist lender Together, taking on the role of commercial finance director, as the business continues with its growth strategy. Helga joins from the Co-operative Bank, where she was financial director of the retail, commercial and business banking businesses, and brings a wealth of financial services experience, spanning nearly 20 years. [...]