Retail investors have been warned to hold their nerve as escalating rhetoric between North Korea and the US prompted safe haven assets to rally this week. The Swiss franc and gold were among the asset classes to jump in value as Donald Trump, the...
Read moreWilliam Hill non-exec buys stake in the bookie
August 11, 2017 by: Julia Faurschou and Jonas Crosland, Investors Chronicle Investing in a bookmaker is a risk given that the UK government is due to release the outcome of its inquiry into fixed-odds betting terminals this autumn. But this has...
Read moreTata Steel agrees deal to offload British Steel pension fund
Tata Steel has agreed a deal to restructure its 130,000 member British pension fund after nearly a year of negotiations. The UK steelmaker, part of the Indian conglomerate, said it had approval from regulators and the trustees of the £15bn...
Read moreMorgan Stanley: Brace for euro-sterling parity
The pound will continue to slide against the euro and the two currencies will reach parity by the first quarter of 2018, as a combination of a strengthening eurozone and sagging UK data weighs on sterling, analysts at Morgan Stanley predict...
Read morePremier Foods taps Keith Hamill for chairman
Keith Hamill, a veteran of British boardrooms, has been appointed as chairman of Premier Foods, the highly indebted UK producer of Bisto gravy and Mr Kipling cakes that has been in the crosshairs of activist investors. He will lead a board that...
Read moreLegal & General juggles an age-old problem
Legal & General sees the world differently from other insurers. It has made a habit of divining opportunities where peers see none and doubling up on businesses that make rivals wrinkle their noses. A decade ago it bought Hermes’ index...
Read moreLegal & General benefits from changes in life expectancy
Big changes to life expectancy have boosted profits at Legal & General, the life insurer, which says people in the UK are dying earlier than it had expected. The long-term trend of rising lifespans in Britain has ground almost to a halt in...
Read moreSlowing life expectancy gives Legal & General a boost
Legal & General’s first half profits received a £126m boost from changes to life expectancy. The long term trend of improvements in life expectancy has slowed down recently, which is good news for life insurers which pay out more the longer a...
Read moreHands looks to bury EMI saga and raise first buyout fund in a decade
“If you can’t raise money now, you never will.” That’s what one seasoned private equity investor had to say after learning that Guy Hands, the founder of Terra Firma Capital Partners (pictured), is seeking to raise as much as $3.4bn in what...
Read moreGuy Hands seeks $3.4bn for fresh buyout fund
Guy Hands, the British private equity investor behind the disastrous takeover of music label EMI, is raising his first buyout fund since 2007, a US regulatory filing shows. Mr Hands, chairman and founder of Terra Firma, is asking investors...
Read moreDisposable income growing faster for UK pensioners than workers
Average disposable income is increasing at a faster rate for retirees than for people of working age in the UK, as Britain’s once-generous occupational pension schemes mature, according to an analysis published on Tuesday. However, the study —...
Read moreStandard Life hit by customer caution ahead of Aberdeen merger
Standard Life has dmitted customer caution about its merger with Aberdeen Asset Management has dented its business in the first half of the year. The £13bn deal, designed to bulk up the companies’ scale in the face of competition from large...
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