Debenhams on the verge of sealing £200m funding from lenders March 22, 2019 Debenhams is close to receiving a £200m lifeline from lenders that would prevent the department store falling into the hands of largest shareholder Mike Ashley. A deal finalising its borrowing facilities, which are larger than expected, could be announced as soon as today, according to Sky News. Read more: Levi shares soar as jeans retailer makes stock market [...]
Countdown to Brexit: three market indicators to watch March 22, 2019 The UK is due to leave the European Union (EU) on 29 March 2019. With politicians still struggling to agree the terms of withdrawal, investors in assets linked to the UK economy could be in for an uncertain time. UK investments have already underperformed their global peers since Britain voted to leave the EU, in [...]
Luxury rental property platform The Plum Guide to use £14m fundraise for rapid expansion March 21, 2019 High-end property rental platform The Plum Guide, which aims to eliminate disappointment from holiday bookings, has raised £14m in a Series B funding round led by Talis Capital as it prepares to launch in six more cities. The Plum Guide, which was set up in London in 2015, will be available in Barcelona, Berlin, Copenhagen, [...]
House transactions edge up despite Brexit uncertainty denting Spring bounce March 21, 2019 Signs of growing activity in the UK housing market have emerged this morning, with new figures signalling a potential change in tune among buyers who have so far been holding off on deals in the run-up to Brexit. A modest rise in property transactions last month has industry experts noting that some buyers are choosing not [...]
Profit dips at Shore Capital ahead of its purchase of Stockdale Securities March 21, 2019 Profit dipped at corporate finance firm Shore Capital in 2018, in a year of rocky capital markets. Read more: Shore Capital snaps up Stockdale Securities to create broking powerhouse The figures The Aim-listed business said profit fell 11.1 per cent to £4.1m, which it blamed on increased investments. Revenue increased 3.4 per cent to £43.3m and its [...]
Invest in property with your IFISA March 20, 2019 Throughout history, wealth has always been accumulated and preserved by investing in the property sector. Over the years we have seen property prices reach all-time highs and even outperformed the stock market. The super-rich however don’t really “do” buy-to-let investments. They have always had access to other sectors and type of investment products that were [...]
UK house price growth hits six-year low as experts warn of ‘Brexit downward spiral’ March 20, 2019 London house prices fell 1.6 per cent in the year to January, official data revealed today, as experts warned a mix of Brexit uncertainty and the death of buy to let are hurting the value of homes. The sharp price drop in the capital's housing market meant overall UK house prices rose just 1.7 per [...]
Kier shares fall as outsourcer swings to £35.5m loss March 20, 2019 Kier has fallen to a £35.5m loss for the second half of 2018, but said it is in a stronger position after hitting up investors for £250m in a disastrous rights issue that missed its target at the end of last year. Read more: Embattled outsourcer Kier's net debt spirals again after 'accounting error' The figures [...]
Home-buying or retirement: What are Lifetime Isa savers planning to use their money for? March 20, 2019 When then chancellor George Osborne announced that the government would launch the Lifetime Isa in 2017, the industry was stunned. Designed for people under 40 to either save for retirement or for a home, few people saw this hybrid product coming. Alongside concerns that the Isa could distract from the new workplace pension scheme, a lot of [...]
Six tips to give your Isa a last-minute savings boost March 20, 2019 As the tax deadline creeps closer, by now you’re probably tired of the constant reminders to use or lose your annual £20,000 tax-free Isa limit. Perhaps you’ve been ignoring the prompts, putting everything off until now. You certainly wouldn’t be alone in doing so. In fact, looking at the past three tax years, wealth management [...]