Focus On Bayswater: Why Notting Hill’s overlooked neighbour is the next big central London investment opportunity January 6, 2017 Around any piece of prime central London, you’ll find a forlorn district on the outskirts whose fortune has improved immeasurably in recent years. Priced out of premium areas, buyers are increasingly moving to these formerly unpopular areas in search of space and affordability – and changing these areas in the process. Bayswater is a prime [...]
This is the City employer students most want to work for January 6, 2017 Goldman Sachs has knocked Google off the top-spot as the place students most want to work. The firms have switched places in a survey compiled by salary benchmarking site Emolument that looked into the career aspirations of 600 soon-to-be graduates. Google was the only business in the top 10 that was not a consultancy firm or [...]
Is Warren Buffett’s U-turn on airlines a nod to his value investing past? January 6, 2017 | City Talk Warren Buffett, the investment billionaire, has been pretty rude about the aviation sector. As the Sage of Omaha unambiguously put it in a 2002 interview: “If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money.” Buffett went on to [...]
Losing control for a better career: The lesson pilots teach the rest of us January 6, 2017 Did you know that a pilot may spend as much as 95 per cent of a flight off the charted course? Weather, wind, and a variety of other factors shift a plane off its intended flight plan, so it is the pilot’s job to keep re-evaluating their position and make corrections to ensure that it [...]
City Moves for 6 January 2017 | Who’s switching jobs January 6, 2017 Hilco Capital Hilco Capital has appointed Paul McGowan, the founder and chief executive for the last 17 years, to the new role of executive chairman, as a result of the continued international expansion of its business and its investment portfolio. Henry Foster (pictured), who has been an investment director at Hilco Capital since 2007, will assume the role [...]
Royal Mail pensions closure: Unions warn on strikes if they disagree with plans January 5, 2017 Royal Mail today revealed plans to scrap its mammoth pension scheme that serves 90,000 postal workers. The former state-owned firm said the current final salary surplus would run out in 2018 and unless changes were implemented, the bill for servicing the scheme could run to over £1bn a year – a level it said “would [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that [...]
Pensions Insurance Corporation picks up GKN scheme in £190m deal as engineer offloads liabilities January 5, 2017 Engineering giant GKN has shaken up its pension scheme and offloaded pension liabilities to a specialist insurer in a deal worth £190m. Pension aggregator Pension Insurance Corporation (PIC) will take on 20 per cent of the liabilities of the scheme in a pension buyout of specific members. Read more: UK firms to ditch £30bn of pension liabilities in [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that just [...]
There’s only one way to ensure your children are as well off as you are January 5, 2017 If your sole aspiration is to ensure your little darlings are better-off than you, there's a simple way, according to a new study: just make sure you are rich. The report, by the Institute of Fiscal Studies, found most of the people with the highest incomes over their lifetimes were likely to have received an [...]
