Grimsby-born inventor Shaun Pulfrey may have failed to impress BBC Dragons’ Den with his tangle-taming hair invention, but that did not prevent him from succeeding. This inspired him to research and develop a detangling hair tool, the Tangle Teezer. What did Pulfrey learn from his Dragon’s Den experience
It is widely expected the US central bank – the Federal Reserve will raise interest rates. The Federal Open Market Committee (FOMC) meeting is held over two days – March 15th and March 16th. What impact will the Fed’s decision have for the UK? The Fed’s decision to raise interest rates shows that the
The first minister of Scotland Nicola Sturgeon has called for another Scottish referendum which could see trade worsen and further uncertainty in the oil price and sterling. As if the UK doesn’t have enough on its plate already negotiating a good Brexit deal. Sturgeon believes she is making a move to
The UK biotech and healthcare industry is to experience a pick-up in a post-Brexit environment, say analysts. Adrian Lowcock investment director at Architas believes the sector is considered attractive for long term investors. Lowcock says: “This is cheaper than doing the R&D themselves as they only
Martin Gilbert, the co-founder and chief executive of Aberdeen Asset Management has the confidence Prime Minister Theresa May will negotiate a good [Brexit] departure deal for the UK. Speaking at the Association on Investment Companies (AIC) conference in London [on March 9th] Gilbert says he has met
The WMA holds a regular Women in Wealth Networking Reception which is designed for women to be inspired and included in on discussions, giving women access to the UK’s top wealth management professionals. The WMA event for women takes a different approach by including senior men in on the conversation
SCM Direct the investment management group founded by Alan Miller and Brexit challenger Gina Miller are accusing the UK fund management industry of price fixing. The UK fund management industry has £5.7 trillion assets under management (AUM) at the end of 2015 according to the Investment Association.
Chancellor Philip Hammond has announced £270 million will be spent to help fund sectors such as STEM education, driverless cars, PhDs and greater digitalisation. The fund, known as the Industrial Strategy Challenge Fund, will intend to foster partnerships between business and the UK’s science sector
What is a dividend allowance? Les Cameron, head of technical at Prudential, says: “The previous dividend allowance of £5,000 allowed investors to hold around £150,000 of equity-based portfolios tax free.
Chancellor of the Exchequer Philip Hammond delivered his first Spring Budget on March 8th. The Chancellor announced the Office for Budget Responsibility (OBR) upgraded growth expectations to 2% for 2017 from a previous forecast of 1.4%. According to the OBR, borrowing for 2016-17 will be at £51.7 billion
The Office for National Statistics (ONS) quarterly M&A report findings show that foreign takeovers of UK companies reached record levels last year. In 2016 the ONS tracked 227 foreign takeovers which is the highest annual number since 2011, worth £187.4 billion, the highest total value since records
This ISA season the most popular funds have been Fundsmith and Woodford, according to AJ Bell Youinvest data. The fund attracting the most interest is the £9.8 billion Fundsmith Equity fund managed by Terry Smith. Top holdings in the Fundsmith Equity include the US giant Microsoft, Stryker, IDEXX, Paypal
Over the years, we have seen the rapid rise in passive management with money flowing out of actively managed funds and into passive funds. Will this trigger more M&A activity in the active asset management industry? The passive versus active management discussion has been ongoing.
President Donald Trump has signed a new executive order replacing his previous travel ban which now excludes Iraq. The first travel ban which was implemented in January 2017 and was introduced with little notice and met with protests and outrage. The updated version states citizens from six countries
The Chancellor of the Exchequer, Philip Hammond will address parliament and make his Spring Budget speech on Wednesday 8th March. The Spring Budget will set out the UK government’s plans for the economy using forecasts from the Office for Budget Responsibility (OBR). “Many are expecting a somewhat
India’s Taj Mahal is one of the wonders of the world but for those who want a more affordable substitute for their one true love, how about a collectors’ lego version? In recent years certain rare Lego sets have also been appreciated greatly in value. The Taj Mahal Lego edition was priced at £199.99
Most of us will know somebody at some point in our life who has been diagnosed with cancer. Macmillan Cancer Support research has shown that four out of five people with cancer are, on average, £570 a month worse off because of their diagnosis. A cancer diagnosis is typically sudden and unexpected,
Millennial investors are gaining confidence in their ability to invest, and making the most the tax free benefits of an Individual Savings Accounts (ISAs), according to research. Findings show millennials are becoming more savvier and showing more of a willingness to invest. The Share Centre reports
Neil Woodford has unveiled further details of the new Woodford Income Focus fund to be launched on 20 March. Commenting on the new fund launch Laith Khalaf, senior analyst at Hargreaves Lansdown says: “Woodford Income Focus will tick a lot of boxes for investors seeking an income from their savings
“Markets are expecting a fiscal boost from the new President, which will drive an increase in corporate profitability and earnings – a positive for equity markets, all other things being equal. Burgess explains the consequent rise in bond yields would normally act as some sort of brake on the economy
For those unfamiliar with Bitcoin, it’s a form of digital currency invented by an unidentified programmer, which is held electronically. Earlier this week the currency experienced a high soaring above $1,100 per coin. Commentators say the currency peaked as investors speculated the US Securities and
The annual ISA allowance is £15,240 and runs from April to April the following year. Ben Yearsley, investment director at Wealth Club says: “With the end of the tax year fast approaching, there isn’t much time to organise your financial affairs. Yearsley adds: “£15,240 is a generous allowance that
The number of people seeking a pre-nuptial agreement has increased over the years. Recently, Hollywood’s golden couple Angelina Jolie and Brad Pitt split proving more than ever that an iron-clad pre-nuptial agreement is a must, no matter how perfect your relationship may seem at the time of marriage