Mishcon de Reya launches new £150m litigation financing unit September 8, 2021 Law firm Mishcon de Reya has today announced plans to launch a new litigation funding unit with Harbour, one of the biggest litigation and arbitration funders in the world. The new venture, known as MDR Solutions I, will be used to assess and finance prospective litigation and arbitration cases originated by Mishcon de Reya clients [...]
London’s rental crash bottoms out as landlords see first signs of recovery September 8, 2021 The decline in London’s residential rent market appears to have bottomed out, with the latest average rent figures suggesting a return to positive territory in the near future. The average London rent was tracking as low as -9.4 per cent year-on-year in January, but that figure has now recovered to just -3.8 per cent. And [...]
PM hikes National Insurance and dividends tax by 1.25 per cent to pay for NHS and social care reform September 7, 2021 Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]
House prices continue climb but signs of slowing begin to show September 7, 2021 House prices increased to another record high in August but the pace at which they are climbing is slowing. Monthly growth sat at 0.7 per cent in the month just gone, leaving prices up 7.1 per cent year on year, according to the Halifax House Price Index. The latter figure is down from 7.6 per [...]
Foreign cash influx: UK properties firmly back on the radar of foreign investors September 6, 2021 New and returning overseas investors are poised to enter the UK property market following the disruption caused by the coronavirus pandemic, new figures that were released today suggest. Knight Frank said its web traffic data showed nearly a quarter (24 per cent) of users looking at sales and lettings properties in August were based abroad. [...]
Foresight targets £200m sustainable forestry company IPO September 6, 2021 London-listed sustainable investment manager Foresight has announced it is branching out with an IPO of a new fund that will invest solely in UK forestry assets. Incorporated only a week ago, Foresight Sustainable Forestry Company will list on London’s main market with a fundraising target of up to £200m, at a price of 100 pence [...]
Receding tapering fears propel FTSE 100 to three-week high September 6, 2021 Waning fears over central banks in developed economies scaling back monetary stimulus measures helped to propel London’s FTSE 100 to its highest level for three weeks today. The capital’s premier-index gained 0.71 per cent to hit 7,189.00 points heading into the final hour of trading. The blue-chip index was led higher by advertisers and broadcasters [...]
NFTs – what am I buying? September 3, 2021 Unlocking the confusion surrounding the exploding and mystifying world of NFTs.
Get your Crypto AM Awards entries in now – only two weeks left! September 3, 2021 Bitcoin will lay down its marker in history next week when the flagship cryptocurrency becomes legal tender in El Salvador.
Brexit: Three CAs from across British industry share how their businesses have been affected September 3, 2021 A Brexit deal may have been signed as the clock struck 2021, but many of the finer details are still being ironed out. Ryan Herman speaks to three chartered accountants (CAs) to discover how their businesses have been affected. This article first appeared in ICAS’ CA magazine. Depending on where you stand on Brexit politically, [...]