HSBC faces £1.3bn legal claim for its involvement in film financing scheme set up to avoid tax HSBC’s private banking arm helped to promote the scheme It is estimated to have made £25million in fees By Neil Craven for The Mail on Sunday Published: 22:30 BST, 20 June 2020 | Updated: 22:30 BST, 20 June 2020 … Read more
Diamonds have enjoyed a boom in sales during lockdown with some wealthy investors seeking to lift their spirits with a sparkling new precious stone. Recently, a multi-coloured ‘Tutti Frutti’ diamond bracelet made by Cartier in 1930 sold for £1.1million at an online Sotheby’s auction. It comfortably beat the £650,000 estimate despite the New York auction … Read more
BA owner IAG may ask investors for £1.5bn in emergency fundraising By Ben Harrington For The Mail On Sunday Published: 22:38 BST, 20 June 2020 | Updated: 22:38 BST, 20 June 2020 The owner of British Airways could be looking to raise up to £1.5billion of fresh cash, investors say. International Consolidated Airlines Group (IAG) … Read more
MARKET REPORT: Bank of England’s £100bn cash injection fails to excite investors, with the FTSE 100 shedding 0.5% By Francesca Washtell For The Daily Mail Published: 21:51 BST, 18 June 2020 | Updated: 21:51 BST, 18 June 2020 London shares sagged after the Bank of England disappointed investors with its latest stimulus plan. The Old … Read more
What is gold – is it a hedge against inflation or against deflation, or just a safe-haven in times of crisis? We ask whether inflation or deflation is the greater risk in the coming months and years and whether gold is a sensible option for investors looking to diversify. With price rises at their lowest … Read more
Investors endure a £60m blow as almost half of FTSE firms slash their dividend payouts By Francesca Washtell For The Daily Mail Published: 21:50 BST, 11 June 2020 | Updated: 21:50 BST, 11 June 2020 Forty-eight FTSE 100 firms have slashed dividends – in a huge blow to investors and savers. Chemicals giant Johnson Matthey … Read more
Ocado taps investors for £1bn to add firepower amid boom in demand during the virus crisis By Matt Oliver For The Daily Mail Published: 21:50 BST, 10 June 2020 | Updated: 21:50 BST, 10 June 2020 Online supermarket Ocado last night launched a £1billion fundraising. The company said it planned to raise £657million through a … Read more
Amateur investors are behind a surge in new stock market accounts opened in lockdown. Leading investment platforms are reporting a record rise in new Isa and pension accounts as DIY savers look to make their money go further. The rise also comes after the stock market was plunged into chaos by the Covid-19 pandemic, with … Read more
Pub groups were on the rise as investors cheered moves to reopen the hospitality sector. Ministers are said to be looking at whether pubs, restaurants and cafes could be back in action by June 22, rather than July 4, in a bid to ‘save the summer’. A reduction to Britain’s two-metre social distancing rule to … Read more
Britain’s investors poured £4.1billion back into investment funds in April after a torrid March saw them pull money out in the coronavirus crash. Investment Association figures showed that a quarter of April’s uptick was thanks to a significant flow of money into responsible investing funds – a theme that has been under the spotlight in … Read more