Autumn Statement 2015 roundup: From London Help-to-Buy to potholes, here’s everything the chancellor announced today November 25, 2015 There weren’t many surprises in today’s Autumn Statement – from housing to the Northern Powerhouse, we were fairly well-versed in the measures included. Indeed, shadow chancellor John McDonnell’s decision to quote Mao ZeDong in the Commons may have been more eyebrow-raising than any of George Osborne’s measures. Landlords once again found themselves punished, with a new three [...]
Autumn Statement 2015: Business rates regime scrapped by chancellor George Osborne in “revolutionary” move November 25, 2015 George Osborne has delivered a much-needed fillip to struggling town centres and bricks and mortar retailers by abolishing uniform business rates. Under plans announced during the Autumn Statement today, the much-hated regime will be ditched in favour of letting councils decide whether to cut rates to make their town centres "more attractive to businesses". "Elected [...]
Autumn Statement 2015 UK: Here’s how much each London borough makes from business rates November 25, 2015 The much-maligned business rates system could be in for a shakeup during today's Autumn Statement, after retailers held talks with the Treasury to demand urgent reforms to the regime. While some have suggested a major shakeup, including a revaluation of properties to ease pressure on retailers paying rates on properties last valued at the height [...]
What should you look for from a trading education course? November 24, 2015 Even if you have a background in finance, if you’re new to trading the markets, learning the ropes is vital. From understanding basics like the difference between contracts for difference and spread-betting to the more complex tools involved in technical analysis, education isn’t an additional expense but a driver of returns. Thankfully, platforms – the [...]
Shaftesbury continues to be buoyed by London’s West End property market November 24, 2015 London's residential property market might be cooling, but the commercial sector is showing no signs of slowing down with landlord Shaftesbury reporting strong growth for the full year. The figures Shaftesbury's net asset value per share rose 21.9 per cent to £8.69 in the year to September 30, up from £7.13 a year earlier. Earnings at the [...]
Banking on beds pays off for Ikea UK as annual sales rise to £1.6bn and market share grows to 7.7 per cent November 24, 2015 Retailer Ikea has remained popular on British shores, with Ikea UK today revealing annual sales of £1.6bn for the financial year ended 31 August 2015, up 11 per cent. “We are delighted to have achieved double digit growth for the second year running and to be in our fourth consecutive year of growth here in [...]
Oil stocks drag down the FTSE ending its rally – London Report November 24, 2015 Traders’ concerns over miners and retailers yesterday pull down London’s main index, ending a week-long run. The FTSE 100 dropped 29.1 points to 6,305.5. Oil companies were struggled after Saudi Arabia indicated it will work to stabilise oil markets, sending the price pinballing. Producers ended lower, despite a late rally after the oil price bounced [...]
HSBC investors back mooted move from UK November 23, 2015 Major HSBC shareholders have said they would back the bank if it were to relocate away from London. HSBC announced earlier this year it was currently reviewing whether it would remain in the UK, with Hong Kong and the US widely regarded as possible options. A spokesperson for Aberdeen Asset Management, one of HSBC’s top 10 [...]
The financial sector jobs boom is spreading across the UK November 23, 2015 The jobs boom that has engulfed the capital and its financial sector is now on its way to other regions of the country, according to new figures released this morning. The number of permanent opportunities for professional roles was up six per cent in October compared with the same month last year, data from the Association of [...]
Deutsche Bank eyes further job cuts in London to reduce costs November 22, 2015 DEUTSCHE Bank could be about to cut 1,000 more jobs in London as it further scales back on it’s investment bank. Traders, back-office staff and fixed income specialists at the bank could be given redundancy notices in the new year, the Sunday Times reported. Earlier this month Deutsche confirmed ex-Goldman Sachs banker Alasdair Warren will [...]