I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Investor confidence index drops to four-year low after Brexit vote July 11, 2016 Investor confidence has hit a four-year low after the EU referendum result, according to one index. The Hargreaves Lansdown Investor Confidence Index experienced its sharpest monthly fall in five years at the end of June. The index fell from 92 points in May to 67 on 30 June, its lowest value since May 2012, a [...]
Wimbledon prize money: Andy Murray and Milos Raonic go head-to-head for £2m earnings boost July 10, 2016 Both Andy Murray and Milos Raonic can pocket the biggest prize of their career to date with victory in the Wimbledon men's singles final today. This year's champion will receive £2m, making it the richest men's final in the competition's history. The loser gets to console himself with a £1m pay cheque — the first time the All England Club has offered the runner-up a seven [...]
Asset managers close the gate on £15bn-£20bn funds July 7, 2016 Post-referendum reverberated through the City yesterday as several more property funds were forced to shut the gate on their investors, while the value of the pound languished below $1.30. Six companies’ funds, with an estimated value of £15bn to £20bn, have been frozen this week as fears over the consequences of the UK’s vote to leave [...]
Columbia Threadneedle’s property funds become the latest to suspend trading July 6, 2016 Columbia Threadneedle has become the latest firm to suspend trading on property funds. Both the Threadneedle UK Property Authorised Investment Fund (Threadneedle PAIF) and the Threadneedle UK Property Authorised Trust suspended at 12pm on Wednesday. It follows Aviva, M&G, Henderson, Standard Life and Canada Life in suspending trading on UK property funds. Read more: Fourth property fund suspension announced [...]
Henderson becomes fourth firm to close commercial property fund July 6, 2016 Henderson Global Investors has suspended trading in its commercial property funds, the latest in a series of closures as companies combat investor panic. The company said it has temporarily suspended all trading in the Henderson UK Property PAIF and the Henderson UK Property PAIF Feeder Fund to "safeguard the interests of all investors". "Despite a strong underlying portfolio, the [...]
Before the bell: What you need to know before the US market open July 6, 2016 Sterling and bond yields continue to slide, though gold has been labelled as the go-to investment for the rest of the year. Here's what you need to know before the US market opens at 2:30pm London time. US stock futures are not looking good ahead of the open. The S&P is down by 0.62 per cent, the Nasdaq is [...]
Aviva to pay half of earnings back to shareholders from 2017 July 6, 2016 Insurance giant Aviva plans to increase its dividend payout to shareholders, it told investors this morning. Ahead of its capital markets day, the UK’s second-largest insurer by market capitalisation said it planned to increase its payout ratio to 50 per cent in 2017 from its current level of 42 per cent. The announcement comes as positive [...]
Property companies’ share prices knocked again as Brexit hangover clings on July 6, 2016 It's been a rough week for property companies – and this morning has been no different. The biggest firms' share prices have fallen off the wrong side of the bed again today as the big Brexit-hangover continues to plague the industry. Read more: Aviva and M&G become latest property funds to suspend trading as investors flee Housebuilders At [...]
Sterling falls to a 31-year low while gold jumps amid ongoing Brexit concerns July 6, 2016 The British pound fell to fresh 31-year lows against the dollar and multi-year lows against a host of other currencies this morning. After closing two per cent lower at $1.3022 yesterday, it hurtled to break through the $1.30 barrier again this morning for the first time since 1985. It hit a new low of $1.2798, though [...]
It’s a grim day to be a challenger bank, with shares taking a nosedive following bad Brexit vote news July 5, 2016 A slew of trading suspensions for property funds along with some stern words from the Bank of England has made this a bad day to be a challenger bank. Shares in many UK challengers, including Shawbrook, OneSavings and Virgin Money, all slid after Aviva became the second property fund to suspend trading in just as many days. M&G [...]