ft.com
Every year, St James’s Place, which over the last three decades has become one of the UK’s most successful financial services companies, organises a glitzy show for its thousands of investment advisers. Guest speakers have included Bill Clinton, Bob Geldof and David Beckham, while top-performing advisers were paraded onstage to huge cheers from their colleagues at a company that was famed for its sales-driven culture. One former employee says they were “gobsmacked” at how “lavish” that event w…
over 1 year ago
ft.com
Global investors have slashed their allocations to real estate to a 15-year low as the sector struggles under the pressure of high interest rates. A net 28 per cent of managers were underweight the real estate sector in May, down 13 percentage points on the previous month, according to Bank of America’s latest global fund manager survey. The commercial property market has undergone a painful shift away from ultra-low interest rates, compounded by uncertainty over the future of offices followin…
over 1 year ago
ft.com
A flurry of speculation by futures market traders has pushed prices of metals such as copper and gold to all-time highs, as funds bet on upcoming shortages in supplies and try to hedge against inflation. Copper has rallied 30 per cent since the start of March to break through $11,000 per tonne this week, its highest level ever. That has helped lift the prices of other industrial metals from aluminium to zinc. The rush of investor buying has also pushed gold through its previous records to hit…
over 1 year ago
ft.com
When Linda acquired a lump sum of cash last year after a business sale, she wasn’t sure what to do with it. “I put most of it in bank accounts — it terrified me,” she says. But, determined to make the investment decisions herself, she set about teaching herself about the best place for her money. It was only then that she made a discovery about the investment platform she had used for a decade. “I used Hargreaves Lansdown for around 10 years and had no idea how expensive they were,” says Linda…
over 1 year ago
ft.com
Ocado also poised to be demoted from blue-chip index next month in quarterly reshuffle
over 1 year ago
ft.com
A company that is planning to transform former second world war tunnels in London into a tourist attraction is pursuing a listing in Amsterdam, six months after announcing a planned initial public offering in London. The London Tunnels, which intends to develop the Kingsway Exchange Tunnels under Chancery Lane, said on Monday it had applied for a listing on the Euronext Amsterdam, and expected its shares to start trading on June 27. The group said it hoped to raise £30mn from the IPO, giving i…
over 1 year ago
ft.com
Nearly 3mn people in the UK fell into financial difficulties last year, increasing the likelihood of being excluded from financial services. Some 20.3mn people, or 44 per cent of the UK adult population, are now living in financially vulnerable circumstances, according to a two-year study by not-for-profit Fair4All Finance and research agency Trajectory, which warned that these people “face paying more just for being poor”. People with flaws in their credit scores risk being excluded from acce…
over 1 year ago
ft.com
New regulations governing fund ratings will help, but there are other ways to navigate the confusion
about 1 year ago
ft.com
Large variations in income and security make it hard for many to plan properly for life after work
about 1 year ago
ft.com
Finding funding is becoming tougher, with a shift to quality over quantity of start-ups
8 months ago
ft.com
Vendors are often accused of raising prices whenever they hear the word ‘wedding’ — but there’s more to it than that
8 months ago
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