After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Greenland gold miner AEX to list on AIM market after £42.5m raise July 27, 2020 Greenland-focused gold miner AEX Gold will be admitted to London’s junior AIM market on Friday after raising £42.5m through a share placing today. The company had hoped to raise £45m through the initial public offering, one of the very few flotations on a London bourse since the coronavirus pandemic struck. AEX placed 94m shares at [...]
Link REIT buys Canary Wharf office block for £380m July 27, 2020 Link REIT, Asia’s largest real estate investment trust, has bought a Canary Wharf office block for £380m. Canary Wharf’s 25 Cabot Square, which is occupied by Morgan Stanley, is Link’s first asset in the UK. The sale of the 17-storey building, which was previously owned by Hines, is the biggest deal to take place in [...]
Stamp duty cut makes UK buyers among Europe’s lowest taxpayers July 27, 2020 The government’s emergency stamp duty cut means buyers in the UK now pay among the lowest in tax in Europe, even on a prime property. British buyers are now paying just 1.93 per cent of a property’s value in tax compared to the European average of 4.53 per cent, a new study by accountancy network [...]
Mortgage searches skyrocket following Sunak’s stamp duty holiday announcement July 25, 2020 Mortgage searches have jumped 29 per cent over the last two weeks, after chancellor Rishi Sunak’s announcement of a reduction in stamp duty sparked potential homebuyers into action. The chancellor earlier this month unveiled an immediate stamp duty holiday for homes sold for up to £500,000 in England and Northern Ireland until 31 March next [...]
Top 10 most shorted UK stocks: Hedge funds bet against Metro Bank, Royal Mail and Cineworld July 23, 2020 Metro Bank, Royal Mail and Cineworld are among the UK’s most shorted stocks, new analysis has revealed, as financial uncertainty amid the coronavirus crisis continues to weigh on industry heavy-weights. How does short selling work? Short sellers place bets on stocks that they expect to fall in price. Investors pay a fee to borrow shares [...]
Countryside Properties taps investors for £250m after lockdown July 23, 2020 UK housebuilder Countryside Properties has tapped investors for £250m to strengthen its balance sheet following the coronavirus lockdown. The developer said the funds will pay its revolving credit facility, which will then be used to invest £150m in its partnerships division as well as £100m to strengthen its current balance sheet position. “The fundraising is [...]
House sales begin to recover as lockdown measures ease July 21, 2020 UK property transactions grew almost a third in the month to June as lockdown measures began to lift around the country, but remain 35 per cent down since last year as market uncertainty and the Brexit deadline continue to weigh on buyer sentiment. Around 63,250 residential property transactions took place in June, up 31.7 per [...]
Effective and efficient capital markets in an increasingly digitised world July 21, 2020 The past few months have seen a real shift in the way we are all living and working. Many of the previously accepted ways of doing things are suddenly no more, and the appetite for doing things differently and embracing new modus operandi is now rife, globally. We are witnessing a real paradigm shift, and [...]
Begbies Traynor hails ‘strong financial performance’ as revenue surges July 21, 2020 Corporate restructuring specialists Begbies Traynor hailed a year of “strong financial performance” as revenue rose 17 per cent. Shares in the AIM-listed firm rose 0.6 per cent as markets opened. The figures For the full year, Begbies Traynor said that revenue rose from £60.1m to £70.5m, an increase of 17 per cent. However, profit before [...]
Lockdown blues: Breakups and divorces support UK house prices July 21, 2020 The property market is currently defying gravity, with asking prices hitting an all-time high in July and spirits buoyant after the chancellor slashed the stamp duty homes tax. But estate agents say a less-publicised factor has been helping the property sector ride out economic turbulence better than most had predicted: A surge in lockdown breakups [...]