After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Shaftesbury hikes dividend after adding to its West London portfolio May 25, 2016 Shaftesbury posted strong half-year results this morning, with an increase in net property income, EPRA earnings and an interim dividend increase of 4.8 per cent. The property firm's net income was up by 8.8 per cent, to £42.1m, compared with £38.7m at the same point last year. The interim dividend per share for the West End property company [...]
City Moves for 25 May 2016 | Who’s switching jobs May 25, 2016 Carter Jonas Carter Jonas has recruited Paul Astbury as a partner and new head of compulsory purchase, working within its infrastructure team. Paul, who will be based out of Carter Jonas’ HQ in London, will work closely with the planning and development teams across the country, providing a market-leading compulsory purchase service to local authorities [...]
Greece expected to get €10.3bn in next loan payout May 24, 2016 Greece is expected to get approval for bailout loans of up to €10.3bn (£8bn) today. Eurozone finance ministers are currently discussing the loans in a Eurogroup meeting that’s been going on for over eight hours. The loan is likely to be paid out on two tranches with the first instalment of €7.8bn due in June. Read [...]
Storage company Big Yellow hikes its dividend after a year of surging profits May 24, 2016 The self-storage company Big Yellow boasted strong profits today after expanding its property portfolio this year. The company intends to up its storage space in the south east and has snapped-up prime sites in London for development, along with stores in Surrey and Kent. Big Yellow's revenue grew 20 per cent year-on-year, up to £101.4m at the [...]
Brexit wouldn’t be that bad, says property boss May 24, 2016 The incoming chief executive of property firm Helical Bar has said that the idea of Brexit is not as catastrophic as some are claiming. Speaking to City AM, Gerald Kaye said: "It's causing some uncertainty in the market, but Brexit may not be quite as bad as some people suggest. "But the money is on us remaining." Property [...]
The big squeeze: Should you consider VCTs as part of your retirement planning? May 24, 2016 A total of £429m of new money was raised by Venture Capital Trust (VCTs) managers in 2014-15 – the fourth highest yearly figure ever. Introduced back in 1995, these listed investment vehicles enable investors to access pooled funds of smaller, higher risk firms in a tax-efficient manner, while providing a crucial lifeline to fast-growing UK [...]
B&Q owner Kingfisher says it is still on track with its “ambitious” five-year plan May 24, 2016 DIY retailer Kingfisher posted growth in the majority of its markets in a trading update released this morning and said it was on track to deliver its "ambitious" five-year plan. The figures Total sales rose 5.1 per cent for the group to £2.73bn, including new openings in the three months to April, in line with expectations. [...]
City Moves for 24 May 2016 | Who’s switching jobs May 24, 2016 The Dining Club Group The Dining Club Group, owner of dining clubs, tastecard and Gourmet Society, has announced that Annette Court has been appointed as the group’s new chair. Annette brings a wealth of experience to the role. She is currently a non-executive director of the boards of Admiral Insurance Group, Jardine Lloyd Thompson Group, [...]
Rents are rising at the fastest rate for six months May 24, 2016 Rents are rising at the fastest rate for six months, according to data released today, reaching an average of £793 in England and Wales in April. Rents are 2.4 per cent higher than at the same point last year, according to the latest research from Your Move and Reeds Rains. Three regions – the East Midlands, West [...]
Vote Leave unveils 30-strong expert group to dismiss Brexit fears May 23, 2016 Brexit campaign group Vote Leave has unveiled a group of 30 business leaders, economists and senior politicians to dismiss figures from the Treasury today, which suggest that the UK could see up to 800,000 job losses if it votes for Brexit. In a joint statement, the group argue that a far greater risk is presented [...]