After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Investors could be missing out on thousands by following the advice of the Bank of England’s chief economist October 3, 2016 Property might be the investment of choice for the Bank of England's chief economist but research by a leading investment platform suggests that shares are the best option when saving for retirement. At the end of August, Andy Haldane was lambasted by pension experts for advocating his choice to invest in property rather than in a pension scheme. [...]
Audioboom shares jump up and down after Chinese funding update October 3, 2016 Woes at Audioboom deepened today after it revealed it had missed its own deadline to secure vital external funding. The podcast provider – whose investors include property tycoon Nick Candy and his wife, actress and singer Holly Valance – said that it had not managed to secure a strategic equity investment of $8m from an unnamed Chinese investor. Although the [...]
Tritax Group partners take a stake in the world’s first property exchange planned for 2017 October 3, 2016 The City has come one step closer to becoming home to the world's first securities exchange for commercial property. The International Property Securities Exchange (IPSX) will be the first exchange for trading stakes in companies that own single commercial properties. It is set to launch in 2017. Four Tritax Group partners have now invested in the [...]
Retail fund sales turned positive in August October 3, 2016 Retail fund sales became positive in August for the first time since April, as net retail sales hit £1.7bn. According to Hargreaves Lansdown, this was due to £1.2bn of inflows into fixed income funds. There was an outflow of £629m from equity funds. Read more: Standard Life will re-open its property fund in October Property [...]
Janus Capital is merging with Henderson Global Investors to create a $320bn giant October 3, 2016 Shares in Henderson Global Investors shot up more than 18 per cent to 274p in early trading after it unveiled plans to merge with Janus Capital, the asset manager bond king Bill Gross famously ditched Pimco for. In a statement today Janus said it was merging with Henderson Global Investors to create a giant asset manager with [...]
City Moves for 3 October 2016 | Who’s switching jobs October 3, 2016 Squire Patton Boggs Squire Patton Boggs has appointed Kashif Siddiqui as a partner in its global Corporate practice in London. With previous experience at Allen & Overy, Kashif has significant corporate expertise, with his practice focused on cross-border mergers and acquisitions (both public and private), disposals, joint ventures and reorganisations. He advises investment banks and [...]
Landlords threaten to hike rents after tax changes kick in October 1, 2016 Landlords have claimed they will be forced to raise rents as a result of the government's string of tax changes and crackdowns on the buy to let sector. A new survey also revealed private sector landlords will not be able to invest as much in improving their properties as a result of the extra charges [...]
London swells the taxman’s coffers by paying almost half the country’s levy on home purchases September 30, 2016 The government collected £3.4bn of stamp duty from the London's homebuyers according to statistics released today. The number represented 46 per cent of the total amount of stamp duty paid in the UK over the last year. And together with the rest of the south-east, together the two areas accounted for more than two-thirds of the [...]
Nationwide house price index: House prices grew 0.3 per cent in September but growth slowed on an annual basis September 30, 2016 House prices increased by 0.3 per cent in September, according to the Nationwide house price index. Data for the month revealed that annual house price growth slowed to 5.3 per cent, down from 5.6 per cent in August. The rate of price growth in London slowed to 7.1 per cent in the three months to [...]
Post-Brexit demand for residential property is good news for developers and investors September 30, 2016 An attractive capital, offering high value jobs, an educated workforce, stunning architecture, centuries of history, a peerless reputation for arts and culture and some of the best schools in Scotland, Edinburgh remains a highly sought after property market. With demand sky high, across both the owner-occupier and private rented (PRS) sectors, prices and rental yields [...]