Caretech half-year revenue booms after Cambian acquisition June 20, 2019 Care home operator Caretech has posted a sharp rise in revenue and profit for the half year after snapping up rival care and education firm Cambian Group. Read more: Competition watchdog launches probe into merger between Caretech and Cambian Group The figures Caretech’s revenue soared 120 per cent to £192.5m in the six months to [...]
The instinctive biases investors must beware – Part 2: Cognitive errors June 20, 2019 Behavioural science – and its financial offshoot, behavioural economics – have over the years proved fertile ground for articles. As such, we thought it would be useful to corral the key behavioural biases investors need to be alert against into one handy checklist – albeit one handy checklist divided neatly into two halves. That is [...]
Capco investment boss to quit as Earl’s Court de-merger speculation mounts June 19, 2019 The investment chief at Capital & Counties (Capco) revealed plans to step down this morning, sparking fresh speculation over the future of the property giant’s struggling Earl’s Court development. Managing director and chief investment officer Gary Yardley is leaving the company at the end of this month, as the firm prepares for a potential split [...]
London property market drags down UK house prices June 19, 2019 UK house prices were dragged down by subdued demand in London last month, as buyer caution continued to linger in the capital during April. London witnessed the lowest annual growth out of any region, with prices falling by 1.2 per cent over the year to April 2019, up from a fall of 2.5 per cent [...]
City Moves for 19 June – Who’s switching jobs? June 19, 2019 Today’s City Moves includes Draper & Dash, Omnicom and Palm Capital. Draper & Dash Healthcare data analytics innovator Draper & Dash announces the appointment of entrepreneur and pharmaceutical industry specialist Natalie Douglas as non-executive director to drive its ambitions to transform how medicines are deployed for the benefit of patients, physicians and hospitals. Natalie started [...]
Legal Q&A: I have a small portfolio of rental properties. Will I be affected by the recent ban on tenant fees? June 18, 2019 The short answer is that if you are renting out properties in England under an assured shorthold tenancy, students let or licence, you are going to be affected by the recent ban on tenant fees. It is now unlawful for you or your letting agent to charge any fees other than those which are prescribed [...]
Safestore boosted as self-storage market resilient to economic uncertainty June 18, 2019 Self storage company Safestore enjoyed an earnings boost in the first half of the year as occupancy rates rose in its UK and Parisian stores. However, profits fell more than 50 per cent due to a reduced gain on its investment properties. Read more: Safestore plans four new units after strong year of growth The [...]
Which stocks are in the dividend danger-zone? June 18, 2019 Dividends are one of the perks of the stock markets. While investors can opt to take dividends as cash, reinvesting them can have a powerful impact on your portfolio. According to analysis from Fidelity, if you’d invested £100 a month in the FTSE All Share index over the past 30 years and reinvested all of [...]
UK house prices near record high for new homes on market June 17, 2019 UK house prices for newly-marketed properties neared a record high this month, spurred on by a cluster of UK regions shrugging off recent political uncertainty. Read more: UK house prices grow at fastest rate for two years Four northern regions witnessed their highest ever asking prices in June, pushing property prices nationally up 0.3 per [...]
Average UK law firm partner pay tops £200,000 June 17, 2019 Average earnings for partners at UK law firms has broken through the £200,000 barrier, according to research published today. Average earnings reached £201,000 last year, up seven per cent on £187,000 the previous year and 35 per cent up on £149,000 five years ago. The increase reflects the continued growth of the UK’s legal sector [...]