Viventi in £100m UK build-to-rent investment after appointing FirstPort at partner February 12, 2019 US investor Viventi has said today that it is planning to inject £100m into the UK’s growing build-to-rent (BTR) market. In a bid to cash in on the rising demand for homes built specifically with a view to being rented out and professionally managed, Viventi Capital Management is moving into the UK properry market with [...]
IAB urges ‘clickhead’ advertisers to review their strategy for measuring campaigns February 12, 2019 The Interactive Advertising Bureau (IAB) today called on brands to stop using click-through-rates to measure the effectiveness of online adverts. In a light-hearted letter to hundreds of advertisers, the IAB called out brands for becoming “clickheads” by relying too heavily on so-called vanity metrics. Read more: Legal complaint shows Google's use of 'intimate' data for [...]
The UK’s fintech sector hits record level of investment as startups turn into scale-ups February 12, 2019 Investment into the UK's blossoming fintech sector broke records last year, as the country's startups reached a new stage in their growth journey. Venture capital and private equity investment in British fintech rose to an all-time high of $3.3bn (£2.6bn), up 18 per cent compared to 2017's levels, according to data published today by Innovate Finance. [...]
May sets deadline for EU negotiations over Brexit backstop changes February 12, 2019 Theresa May today told MPs that they would get another vote on the next steps in the Brexit process later this month if she fails to secure changes from the EU. Parliament will get to vote on the path forward on 27 February – a month before the UK’s scheduled departure from the bloc – if [...]
BT appoints media veteran Allison Kirkby to board amid turnaround plan February 12, 2019 BT has appointed veteran telecoms and media executive Allison Kirkby to its board as it looks to transform its recent run of bad fortune. Kirkby, who is currently president and chief executive of Danish telecoms giant TDC Group, will join BT as a non-executive director from 15 March. Read more: Gavin Patterson reveals major regret [...]
You can now trade London skyscrapers on a real estate stock exchange – here’s how it works February 12, 2019 Down the years, through booms and busts, investment in property has always meant one thing – buying buildings. And whether it be a corner shop or a skyscraper, the principle has always been the same – it’s the whole building that you buy. We take that for granted. Read more: Sharp rise in property values [...]
Pressure mounts on Treasury to publish legal documents on relationship with RBS GRG unit February 12, 2019 Pressure is mounting on the Treasury to release key legal documents regarding its relationship with RBS following allegations it held significant operational control over the bank's disgraced global restructuring unit GRG. Scottish Labour MP Martin Whitfield has lodged a series of parliamentary questions asking for a legal agreement between RBS and the Asset Protection Agency (APA), an [...]
Troubled outsourcer Kier’s share price rises as it appoints Scottish director February 12, 2019 Shares ticked upwards at embattled construction outsourcer Kier this morning as it announced a new operations director in Scotland. Phil McDowell, who joined the contractor as a contract manager in 2013, will take control of the firm’s work north of the border. Read more: Kier defies woes with £37m high-rise contract win Shares were up 2.4 [...]
TAG launches scheme to protect brands’ advertising amid crackdown on pirate sites February 12, 2019 The Trustworthy Accountability Group (TAG) today launched a new initiative to help protect brands from appearing on websites that post pirated material. As part of the scheme, known as ‘Project Brand Integrity’, the industry body will monitor adverts and alert brands if their campaigns are running on pirate sites. Read more: Government calls for probe [...]
London house prices: Prime postcodes dip as Brexit uncertainty weighs on market February 12, 2019 House prices in London’s most expensive neighbourhoods tumbled in the run-up to Christmas, continuing on a downward trend in the wake of uncertainty from both buyers and sellers. According to new data from Lon Res, prime property prices in the fourth quarter of 2018 fell 5.7 per cent when compared with the same period in [...]