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September 14, 2018

Moonves departure ends CBS/Viacom legal battle, Hermès share price rockets after strong half-year performance, and Grosvenor to build 30,000 homes by 2023.

Moonves departure ends CBS/Viacom legal battle

The long-running legal battle over the fate of US media groups CBS and Viacom has ended with the ousting of CBS chairman Les Moonves.

Moonves (68), a 24-year veteran of the US media companies controlled by the Redstone family, departed as chairman, president and chief executive following multiple allegations of sexual misconduct. He denies the allegations.

'Noticeable increase' in wealthy non-doms leaving the UK

August 9, 2018

A 29% fall in the number of non-domiciled taxpayers in the UK could be a symptom of ultra-high net worth families and investors seeking other places to base themselves.

A 29% fall in the number of non-domiciled taxpayers in the UK could be a symptom of ultra-high net worth families and investors looking to move elsewhere.

Statistics released at the end of July by HM Revenue & Customs (HMRC) show the number of so-called “non-doms” was 91,000 in the 2016/17 tax year, compared with 120,000 the year before.

FB Roundup: Essilor-Luxottica, Mulberry, and Nobel Sustainability Growth Fund

December 14, 2017

Essilor-Luxottica to hire chief executive, losses widen for British bag maker, and £100m sustainability fund launches

Essilor-Luxottica to hire chief executive

A position heading the company created by the €50 billion ($59 billion) merger of Luxottica and Essilor is about open up, with the firms acknowledging they will look for a new chief executive for the eyewear giant.

Hubert Sagnières, chairman and chief executive of Essilor, told the Financial Times he was “too old” for the new gig and confirmed the newly-created company would hire a new chief.

Homes from home: The world’s most sought-after locations

December 6, 2017

With second homes needing to make sense both as investments and as great places to live, what do the world’s most sought-after locations have to offer?

With second homes needing to make sense both as investments and as great places to live, what do the world’s most sought-after locations have to offer?

ASPEN, COLORADO, US

Few places fit the tag “billionaire’s playground” quite like Aspen, Colorado.

Nestled within the Rocky Mountains, it has long been one of the United States’ most exclusive skiing destinations.

FB Roundup: Lidl, EasyJet, and Ralph Lauren

June 7, 2017

Lidl new catwalk for Heidi Klum; EasyJet founder pledges half his fortune; and Ralph Lauren appoints new chief executive

Lidl new catwalk for Heidi Klum

Model Heidi Klum has chosen the aisles of Lidl as her next catwalk, launching a fashion line in conjunction with the discount supermarket.

The range will be released in the chain’s 650 UK and 9000-plus European stores this autumn.

Trillions of dollars at risk as benefactors unprepared to transfer wealth

February 2, 2017

Family business principals are being urged to start a formal succession plan early as less than a third of high-net worth Americans and Britons admit they have a plan in place to transfer wealth to their next generation.

However, high-net worth Britons were ahead of their American and Canadian peers in boosting their financial literacy, integral for succession planning. Greater preparedness was directly linked to greater confidence among parents their children will preserve the family fortune.

Brexit and mortar: London real estate risks and opportunities

February 1, 2017

More than four months on from Brexit, uncertainty still stalks London’s real estate market. So where are the risks and opportunities in the UK capital? And why are some experts issuing stark warnings about a “catastrophic” impact? David Turner reports

Beneficial ownership: Name and claim

October 7, 2016

New regulations driving greater transparency around beneficial ownership are being set up throughout Europe, spearheaded by Great Britain

New regulations driving greater transparency around beneficial ownership are being set up throughout Europe, spearheaded by Great Britain. Alison Ebbage reports

Before David Cameron’s leadership was overshadowed by Britain’s infamous vote to exit from the European Union, he had notched up another notable first: pushing the United Kingdom to become the first G20 country to set up a publicly accessible register of beneficial ownership.

Sponsored feature: Steady hands - Investing in real assets

August 29, 2016

UK boutique Downing has built on its heritage in investing in real assets to offer value-investing in private, asset-backed investments, renewable energy, and public equity. Downing’s Nick Lewis, Colin Corbally, and Judith MacKenzie share how their bespoke focus is driving returns

Still open for families: Family offices take on the Brexit challenge

August 23, 2016

Britain has taken the first step down a long and uncertain road to its departure from the European Union. James Beech asks financial experts if family offices are in for a bumpy ride

Britain has taken the first step down a long and uncertain road to its departure from the European Union. James Beech asks financial experts if family offices are in for a bumpy ride

More than 17 million Britons voted on 23 June to leave the European Union after 43 years – triggering a tsunami of unprecedented political upheaval and volatility in financial markets which has shaken the United Kingdom and reverberated around the world.