Richard Branson says ban on diesel and petrol-fuelled cars should be brought forward to 2025 June 7, 2018 Richard Branson, a new pioneer of electric cars, has said the ban on petrol and diesel vehicles should be brought forward from 2040 to 2025. Speaking at a Formula E event, the tycoon said the UK should follow in the paths of environmentally friendly countries Norway and the Netherlands, who have a 2025 ban in [...]
Direct Line share price falls after Beast from the East costs insurer its entire annual weather budget May 2, 2018 Direct Line today counted the cost of Britain’s icy winter and warned its top line had shrunk by five per cent in the first three months of 2018. Quarterly gross written premiums slumped from £810.3m to £769.9m. Direct Line operates its own and a host of other well-known brands, including Churchill, Privilege and Green Flag. [...]
Rosenblatt confirms it will be the fourth English law firm to go public April 23, 2018 City law firm Rosenblatt has confirmed that it plans to float in London next month, which will make it the fourth English law firm to go public. City A.M. exclusively revealed last month that the firm was considering a float and had appointed Cenkos Securities as a broker. Read more: Exclusive: City law firm Rosenblatt [...]
Forty per cent fall in demand for diesel pushes new car sales down by nearly 16 per cent in March April 5, 2018 The ongoing onslaught against diesel cars continues to push down UK sales, with sales for new cars slumping by 16 per cent in March. Demand for diesel was down nearly 40 per cent compared with the same month last year, while alternatively fuelled vehicles (AVFS) were up 5.7 per cent . Demand for petrol was [...]
Rosenblatt appoints broker Cenkos Securities as it looks to become the fourth English firm to float March 29, 2018 City law firm Rosenblatt has engaged broker Cenkos Securities as it looks to become the fourth English law firm to go public. City A.M. revealed earlier this month that the firm was considering a London initial public offering (IPO), something which now looks increasingly likely following the appointment of Cenkos. Read more: Exclusive: City law [...]
Artemis: Investing for income March 23, 2018 On Britain’s railways, a double yellow light is an instruction to exercise “preliminary caution”. On seeing it, a train driver should continue to move forward but be prepared to begin slowing at the next signal; there may be an obstruction ahead. These are the conditions under which investors seeking income currently operate. Financial assets in [...]
GKN launches scathing attack on “novice” Melrose March 21, 2018 Engineering giant GKN today attempted to put the record straight by taking apart a string of claims by hostile suitor Melrose. In a statement entitled “Rebutting Melrose’s misleading statements”, the FTSE 100 firm covered its planned motor merger with Dana, strategy for its aerospace arm, research and development spend and pension plans. It also aimed [...]
An investment to hold when volatility strikes? March 7, 2018 Funds in the Targeted Absolute Return sector aim to produce positive returns in a variety of market conditions through using sophisticated investment techniques such as short selling (profiting when prices fall). They generally aim to make modest yet consistent gains with smoother performance than traditional funds; admirable objectives that resonate with many investors, but there [...]
City law firm Rosenblatt mulling a London IPO March 6, 2018 City law firm Rosenblatt is understood to be contemplating an IPO on the London Stock Exchange. The commercial firm had a reported revenue of £16m in 2017 and advises clients on areas such as corporate, disputes and finance. It was founded in 1986 by current senior partner Ian Rosenblatt who received an OBE for services [...]
Challenger bank Paragon boosts mortgage lending despite crackdown on buy-to-let loans January 23, 2018 Mortgage specialist Paragon has pulled a rabbit out of the hat once more, as it has boosted mortgage lending by 84 per cent year-on-year despite a government crackdown in its core buy-to-let market. The challenger bank increased its buy-to-let mortgage book by 85 per cent to £342.9m, battling through stricter underwriting rules introduced by the [...]