Market News

Airport car park scheme shows the importance of regulation

WHEN they first bought into an off-site car-parking scheme at Glasgow Airport, Investors appeared to be getting a pretty good deal. In return for spending £20,000 to acquire a space in one of six car parks dotted around the periphery of the airport, Investors were promised an annual return of eight per cent in the first two years followed by projected returns of 10% in years three and four and 12% in the following two [...]

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Dempster Binning and Moore Blatch merge

Two Southampton law firms are to merge. Real estate solicitors Dempster Binning will join Moore Blatch in a deal that the firms claim will offer “expanded” services to both set of clients. Dempster Binning specialises in commercial property law, specifically complex real estate transactions, working with major retailers, Investment companies and property developers. Their team will transfer to Moore Blatch Southampton office and join a team of over 25 property lawyers and experts [...]

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Government to ‘FINALLY sell taxpayers’ RBS stake’ – a DECADE after £45.5BILLION bailout | City & Business | Finance

City analysts predict that the Conservative Government is looking for around £3 billion and could sell up to 10 percent of the recovering bank. The UK’s square mile – considered a global finance capital – is “awash with speculation” that the UK government is set to finally test the Market appetite for shares in RBS according to Sky news reports. City bankers and Investors are braced to see a return on the taxpayers’ 70.5 percent after being controversially bailed out [...]

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UK interest rate hikes on hold as growth grinds to a halt

The Bank of England, London Ben Stansall/AFP The British economy slowed sharply in the first quarter of the year, official figures showed Friday, reining in expectations that the Bank of England will hike interest rates again next month and renewing concerns about the health of the economy less than a year from Brexit. In its preliminary snapshot of the economy during the January to March period, the Office for National Statistics found that quarterly growth slowed to 0.1 percent, its weakest [...]

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France’s Central Bank: Keep Financial Institutions Out of Crypto

France’s central bank wants to keep banks and other financial institutions out of the cryptocurrency business. In a report published at the beginning of March, the Bank of France proposes to ban insurance companies, banks and trust companies from “taking part in deposits and loans in crypto-assets.” It also advocates prohibiting all Marketing of “crypto-asset” savings products to the public, save for the “most informed Investors.” The report, which provides an overview of the technology and suggests strict regulatory provisions, [...]

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How digital footprints paved way to weaponising social media

Murad Ahmed in London, Hannah Kuchler in San Francisco, Matthew Garrahan in New York March 18, 2018 If you “like” curly fries on Facebook, you are more likely to have a high IQ. This may not appear to be an observation that could lead to the mass manipulation of an electorate, but the finding came from a scientific breakthrough that led to the weaponisation of Facebook as a powerful political tool and helped Donald Trump capture the US presidency. Around five [...]

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BoE deputy says stock market turmoil is not the start of a new financial crisis

Dr Ben Broadbent, deputy governor of the Bank of England’s monetary policy committee Reuters Bank of England Deputy Governor Ben Broadbent has spoken to calm fears after a volatile week on the stock Markets – he played down the notion there were similarities with conditions before the 2008 global financial crisis. Broadbent told the BBC’s Today programme that while Markets had taken a hammering this week, this should be understood against the context of months of sharp gains on the back [...]

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DNA testing could be used to authenticate Scotch Beef

A study to look at the feasibility of introducing DNA traceability as an additional measure to guarantee the authenticity of Scotch Beef PGI (Protected Geographical Indication), is being commissioned by Quality Meat Scotland (QMS). The study follows a period of engagement with different parts of the Scottish meat industry, to gauge the level of industry support for the potential introduction of an official programme of DNA traceability system. QMS Chairman Jim McLaren said the [...]

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Savills marketing offices at Berrywood Business Village just off M27

SAVILLS has been appointed by the owners of Berrywood Business Village to let two small office buildings on the established estate, just off Junction 7 of the M27 at Hedge End. Unit 1 provides 1,289 sq ft (119 sq m) of space alongside seven car spaces and is available at an annual rent of £24,500. Unit 2 is a 637 sq ft (59 sq m) property with four car parking spaces and an annual rent [...]

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Pension 2018: Changes in April sees state pension increase – how much will it go up? | Retirement | Finance

he State pension is set to rise from April 6, 2018. How much you get paid weekly will depend on your National Insurance record. If you reached State Pension age before 6 April 2016, you’ll get the basic State Pension but those who reached pension age on or after this date will get the new state pension under the new rules. The new rules affect men born on or after April 6, 1951 and for women born on or after [...]

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