Value of retail property falls to slowest rate in nine years as vacancies and losses take their toll on landlords December 11, 2018 Fresh evidence of the woes facing high street landlords and shopping centre owners emerged today, as new data showed that the value of retail property has fallen by its largest monthly amount in nearly a decade. The value of retail property tumbled 1.9 per cent in November, marking the sector’s sharpest month-on-month drop since May [...]
Superdry shares plunge ahead of results as analysts and co-founder Julian Dunkerton issue warnings December 11, 2018 Superdry shares plunged seven per cent this morning following damaging brokers' notes and criticism from co-founder Julian Dunkerton. Analysts Berenberg downgraded its stance on the retailer to 'hold' and cut its earnings forecast for 2019-21 ahead of the company's half yearly results tomorrow. It comes just a day after Dunkerton, who quit the business earlier this [...]
Home Office backtracks on plans to scrap ‘golden visas’ for rich investors December 11, 2018 The Home Office has rowed back on plans to halt visas for wealthy investors just days after the suspension was announced. Last week immigration minister Caroline Nokes announced that the visas would be suspended at midnight last Friday amid fears about money laundering and organised crimes. However, today the Home Office confirmed that the visas [...]
Focus On Pimlico: This central spot is the perfect place to pick up a period conversion flat and benefit from the re-development of Victoria December 11, 2018 In London, you often have to make the choice, whether to live in a traditional part of town that’s earned its towering house prices, but isn’t likely to soar again anytime soon; or take a punt on an up-and-coming part of town that’s better value and has the potential for price growth. Luckily, with Pimlico, [...]
Man tasered by armed police inside Houses of Parliament grounds December 11, 2018 A man was reportedly tasered by armed police and held inside the grounds of the Houses of Parliament today. The Met Police told City A.M. it is trying to work out what happened, but said that no one has been injured. Police said it was too early to say if it was a terror-related incident, [...]
Parliament will get a vote on May’s Brexit deal by 21 January December 11, 2018 The Prime Minister will hold parliament’s delayed vote on her Brexit deal by 21 January, Downing Street confirmed today, according to media reports. Theresa May yesterday postponed MPs’ so-called “meaningful vote” on her draft withdrawal agreement, which was scheduled for today, without offering a new date. But Downing Street said she will stick to the [...]
Opinion: Tech hubs, new transport, and space near the city centre – why Birmingham is a smart place to buy property December 11, 2018 Birmingham continues to hit the headlines at the moment, with several factors converging to make investment in residential property particularly attractive right now in the UK’s second largest city. Everyone’s heard of the HS2 transport infrastructure, which is lined up to connect the city to London in 49 minutes. But HS2 also shifts the conceptual [...]
Royal London chief executive to step down by the end of 2019 December 11, 2018 Life insurer Royal London’s chief executive Phil Loney is set to step down by the end of 2019, the company said today. Loney is standing down to concentrate on charity work in the international development sector and helping people with learning difficulties. He joined the insurance and pensions mutual in 2011 during which time it [...]
In comes the king: M&S hires Sainsbury’s veteran Justin King as non-exec director December 11, 2018 Retail chief Justin King has re-joined the Marks and Spencer board as a non-executive director. The former Sainsbury's boss, who is the fourth new hire for the M&S boardroom in the last year, will continue to serve as vice chairman of Terra Firma as he takes on the new role in January. King has built [...]
The risks and opportunities of doing business with China December 11, 2018 Few doubt the enormous opportunity that exists in doing business with China, particularly as the country’s external business and foreign policy, namely the Belt and Road Initiative (BRI), continues to drive economic development around the globe. However, this opportunity also brings with it very real challenges. And whether an opportunity blossoms into a round of [...]