The share price of London-listed Internet of Things company Telit has risen 500 per cent since 2012 October 12, 2015 If you needed more proof that the Internet of Things is a booming trend among investors, this is it. Telit communications, a stock listed on London’s junior market, has soared 500 per cent since 2012, Bloomberg reports, as investors are flocked to cash in on the growing sector. The company’s shares are up 37 per cent this [...]
London house prices: Why fried chicken is a useful guide to where to invest in property October 12, 2015 The Coffee: Fried Chicken Shop Index started quite literally as a joke, forming part of a stand-up comedy routine I did. But the results highlight a wider aspect of the London property market, and one which many may have subconsciously considered when walking the streets of the city. When looking to invest in a particular property and, [...]
RACE: Ferrari speeds off the starting grid as Fiat Chrysler launches IPO October 12, 2015 The flotation of luxury car maker Ferrari sped off the starting grid with a throaty roar this morning, as Fiat Chrysler, its parent company, announced the launch of its IPO. The company, which owns 90 per cent of Ferrari, said it will sell a nine per cent stake in the company at somewhere between $48 and [...]
Royal Bank of Scotland is rebranding (but you may not notice) October 12, 2015 What better way for banks to distance themselves from a disastrous decade of bailouts and the Libor scandals than a rebrand. Now Royal Bank of Scotland, or RBS as we know it on the high street, is taking a big step forward by, er, changing those three letters from upper case to lower case. Literally, "decapitalising", as the [...]
YouGov revenues jump as pollster’s strong US growth continues October 12, 2015 Pollsters may not be the flavour of the month among politicos after their wholesale failure to predict the outcome of the General Election – but that doesn't seem to have stopped YouGov… The figures The pollster's momentum continued unabated in 2015: today it reported a 13 per cent jump in revenue to £76.1m in the year to the end [...]
Junior market feels the effects of China slowdown and commodities rout as IPOs and M&A plunge October 12, 2015 IPO and M&A activity on AIM have plummeted to the lowest levels since the recession, as jitters over China deter investors. In the last quarter there were just three mergers, down from 13 in the same period in 2014, and 20 in 2010. There was a similar drop in IPOs: just seven companies floated on the [...]
London house prices: Why Canary Wharf is experiencing a residential property boom October 12, 2015 Estate agents are reporting a small “property boom” in east London, with prices rising by nearly 15 per cent in some areas during the first half of this year. In a new report out this week, Chestertons, an estate agent, points to the success of London’s technology, creative and financial sectors to explain the jump [...]
UK household spending has a soft September – Visa October 12, 2015 UK shoppers tapered their spending last month, according to new figures published today by a credit card giant. Visa’s consumer spending index – which looks at total spending, not just that on credit cards – showed spending post a lift of 1.8 per cent in September compared with the same month last year. Despite the gain, [...]
UK private sector pay is growing at its fastest rate in 15 years – Resolution Foundation October 12, 2015 Pay in the private sector is likely to be growing at its fastest pace in 15 years, a think tank has said today. The Resolution Foundation believes workers’ pay packets – once inflation has been taken into account – will have grown between 3.4 and 3.6 per cent in the three months to August when [...]
London professional jobs market has slow start to autumn – Morgan McKinley October 12, 2015 London's professional jobs market came off the boil last month, but there are signs of activity picking up and pay growth remains robust. The number of jobs of available fell 14 per cent in September compared with August, data from recruiter Morgan McKinley reveals today. However, the number of jobs available is up 12 per [...]
