Mercato Metropolitano’s founder is a man on a mission October 21, 2019 The words Elephant & Castle and trendy food market don’t normally go together. It’s an area that’s unfortunately more associated with crime and poverty than gourmet dining. But since 2016, a patch of unassuming land around the corner from the Ministry of Sound has played home to Mercato Metropolitano. This upscale hotspot has around 50 vendors [...]
Capital Group fund manager resigned over investigation into investments October 21, 2019 A fund manager at Capital Group was forced to resign after a BBC investigation allegedly uncovered evidence he was breaking rules by secretly purchasing shares in some of the same companies as his funds for his own benefit. The BBC claims it uncovered evidence that Mark Denning ordered the shares to be purchased through a [...]
Regulator denies pressuring administrator to close stricken Woodford fund October 20, 2019 The financial watchdog has hit back at claims it put pressure on administrators to close Neil Woodford’s flagship fund because the scandal surrounding its suspension was undermining confidence in the industry. Link Fund Solutions, which was responsible for overseeing the suspension of the £3bn Equity Income Fund (WEIF), announced on Tuesday that the fund would [...]
If you want to change the conversation about mental health, lead by example October 18, 2019 There is no universal formula for being a leader, but every good leader should be a role model. This couldn’t be truer in the conversation about mental health. The facts don’t lie: one in four people suffer from poor mental health each year. Looking to the world of business, if you’re leading a team of [...]
Rathbone Brothers’ shares fall as it warns on tighter profit margin October 17, 2019 Shares in Rathbone Brothers fell sharply this morning after reporting its profit margin will narrow over the next two-to-three years. Shares in the investment management company were down 8 percent to 2,190p in the morning’s trading, despite an 11 per cent annual increase in third quarter operating income. Read more: Rathbone Brothers boosts profits but [...]
Moneysupermarket share price sinks as it warns of money segment weakness October 17, 2019 Moneysupermarket’s share price dropped 10 per cent today as product availability problems hampered one of its core businesses. The comparison website’s money division shrank five per cent to £20.6m for the three months to the end of September, the comparison site said in a trading update. Read more: How to avoid the grey suit mentality [...]
Yawning in the office after another sleepless night? Here’s some advice October 17, 2019 The days are getting shorter, the nights darker, and we’re all now full-pelt into work mode. But with many workers dealing with stress on a daily basis, few seem to realise how this can affect our sleep, mood, and overall performance. It is high-time that we valued our need for good restorative, sleep particularly in [...]
Watchdog hits back at claims it was ‘asleep at the wheel’ over Woodford October 16, 2019 The Financial Conduct Authority (FCA) has defended itself against accusations it was ‘asleep at the wheel’ ahead of the collapse of former star fund manager Neil Woodford’s investment empire. CMC Markets’ chief analyst Michael Hewson told City PM he thought the FCA “was probably asleep at the wheel” in the runup to the suspension of [...]
How the wind-up of the Woodford fund will hit investors October 16, 2019 If the Neil Woodford scandal has been a slow-motion car crash, this must be the part where it finally hits the wall. Last night, it was announced that Woodford Investment Management will close. This followed news earlier in the day that the firm’s flagship Woodford fund would be wound up, putting an end to months [...]
DEBATE: Is the G7 warning the end for Facebook’s libra? October 16, 2019 Now that the G7 has issued a warning against the cryptocurrency, is this it for Facebook’s libra? YES, says Ana Bencic, president of Nexthash. Facebook’s libra is the most high-profile example of a centralised cryptocurrency and is a living example of how it will be perhaps the last one to exist. The G7’s warning to [...]
