Pinched-for-cash Poundworld in talks with TPG for more money after poor festive trading January 18, 2018 Discount retailer Poundworld is in talks with its majority owner, US private equity giant TPG Capital, for a new cash injection after a troubling festive period. Poundworld is asking for another £30m to £40m of investment, according to Sky News, after disappointing sales and one-off costs saw its debt pile up last year. Sources close [...]
Chris Tremlett: Regardless of how the situation has been handled, Ben Stokes has been sorely missed by England and his clearance to play is great news January 17, 2018 When the news of Ben Stokes being cleared to return to international duty flashed up on my phone this morning, my reaction was one from a cricketing perspective and what great news it is for England. Stokes was sorely missed during the Ashes and hopefully he will be ready to play when called upon for [...]
FTSE 100 predictions, share tips… forget it all and consider the 2018 anti-forecast January 17, 2018 The start of January traditionally sees many investors trying to fill the blank slate the new year represents with forecasts of what the coming months will bring. Ever the contrarians, including us on The Value Perspective, a blog with value investing ideas, a more recent tradition has seen us offering up our own new year [...]
Carillion rescue “undermined” by Royal Bank of Scotland and Santander January 16, 2018 Carillion’s biggest lenders restricted funding to the stricken firm three days before it went bust, “undermining” efforts to save Britain’s second-biggest contractor, it has been claimed. In witness statements filed with the High Court, former boss Keith Cochrane alleges the Royal Bank of Scotland “undermined” the Carillion’s attempts to conserve cash, Sky News first reported. [...]
Carillion could crash into administration as early as Monday if the government doesn’t back a rescue plan January 13, 2018 Troubled construction firm Carillion could fall into administration as soon as Monday if the government does not back a rescue plan, according to reports. Government officials are set to hold crunch talks on the firm’s fate on Sunday, Sky News reported, quoting a source that called it a “make-or-break weekend”. “Without that commitment of support [...]
Focus On Hammersmith: W6 has benefitted from the regeneration of Shepherd’s Bush and the sky high prices in Chelsea January 12, 2018 For many years, Kensington and Chelsea was thought to be the last word in west London property for well-heeled individuals. But if the increasing migration over the border to Hammersmith is anything to go by, its time may be over. Increasingly, upsizers and families are fleeing the Royal Borough for W6 to find similar properties [...]
Tottenham won’t sell stars like Harry Kane this summer, vows chairman Daniel Levy January 11, 2018 Tottenham chairman Daniel Levy has moved to reassure fans that they will resist any offers from Europe’s biggest clubs for record-breaking marksman Harry Kane this summer. Kane’s relentless goalscoring has made the England striker one of the game’s hottest properties and Real Madrid, who paid £85m to prise Gareth Bale from White Hart Lane in [...]
Life-changing investments: The science that could save the NHS January 11, 2018 No one can deny (apart from a handful of politicians) that the NHS is in a bad way at the moment. The crisis reached a head last week when hospitals were forced to cancel tens of thousands of operations in order to free-up resources for emergency care. This – unsurprisingly – sparked a national outcry. [...]
Philip Hammond to EU: Ditch the Brexit punishment and start talking trade January 10, 2018 Philip Hammond will tonight slam the “relative silence” of the EU over our future trading partnership and stress the bloc must ditch any thoughts of “punishing” the UK for Brexit. Speaking at the Die Welt economic summit dinner in Berlin this evening, the chancellor will tell the EU that “it takes two to tango” and [...]
Downing Street calls City chiefs in for latest Brexit meeting January 10, 2018 Securing a Brexit transitional deal will be high up the agenda for the chief executives of some of the City’s biggest firms at a high-level roundtable tomorrow afternoon with Theresa May. Around a dozen senior figures from firms including Goldman Sachs, Barclays and HSBC are expected to meet the Prime Minister, along with chancellor Philip [...]