Slovakian developer HB Reavis launches its first London flexible workspace arm October 3, 2018 A Slovakian real estate developer with a growing UK portfolio has become the latest property heavyweight to enter London’s flexible office workspace market, after introducing its co-working brand into the capital this morning. HB Reavis is launching its ‘HubHub’ workspace label within its £30m offices at 20 Farringdon today, where it will occupy roughly 34,000 [...]
DEBATE: Can traditional small-state conservatives justify imposing a new digital tax? October 3, 2018 Debate: Can traditional small-state conservatives justify imposing a new digital tax? YES, says Waqar Riaz, head of data-driven marketing at Cheil Europe. Few can argue with the idea that big business should pay its fair share towards public services like the NHS or education. Yet, as business has become increasingly global in nature, legislation has failed to [...]
Royal London joins group of investors preparing to vote against Unilever Netherlands move October 3, 2018 Royal London Asset Management is the latest Unilever shareholder to speak out against the company's plan to scrap its London listing and headquarters. Unilever has proposed to simplify its current dual-headed structure into a single holding Dutch company, with a secondary listing on the London Stock Exchange, however a growing list of investors have announced [...]
International Monetary Fund warns against financial regulation rollback October 3, 2018 The International Monetary Fund (IMF) today cautioned against a “race to the bottom” on financial deregulation as it warned that regulators risk “fighting the last war” in the face of technological change. The Washington-based body said that “reform fatigue” could pose a risk to financial stability if regulation of systemically important institutions is reversed, in [...]
Brewdog raises £23m in latest crowdfunding round, falling short of its upper £50m target October 3, 2018 Brewdog will finish its fifth fundraiser having smashed its initial target, but fallen short of the company’s £50m upper limit. The crowdfunding round will close on 15 October having so far raised £23m, breaking the company’s previous record £19m fundraiser in 2016. Read more: Brewdog temporarily takes down parody porn site after backlash The brewery had [...]
Epiris raises £821m for first fund and targets UK-based businesses October 3, 2018 Private equity firm Epiris has closed its first fund, raising £821m, and said it wanted to add to its acquisitions of auction house Bonhams and Time Inc's UK operations. The London-based group said the fund's strategy was to target UK-headquartered businesses with an enterprise value of between £75m and £500m – deploying up to £150m [...]
Here’s how business groups have reacted to Theresa May’s conference speech October 3, 2018 Prime Minister Theresa May used her conference speech today to attack Labour’s plans on the economy and slap down her Conservative party rivals – saying austerity was “over” and promising to fix the “broken” housing market. Business groups have been keenly awaiting May’s speech, as she fights off rebellions from her own MPs and attempts [...]
Top Royal Mail investor expresses anger at company’s handling of union pension deal October 3, 2018 A major investor in postal giant Royal Mail has expressed anger at the management of the company in the same week its shares have taken a battering. Shares in the firm fell 14 per cent on Monday after it issued a profit warning, before closing down another seven per cent yesterday. Royal Mail has seen some [...]
Telcos shell out €6.5bn in Italian 5G spectrum auction October 3, 2018 The Italian government has raised €6.5bn after it flogged off 5G of the spectrum at auction. The 14 day auction for the superfast spectrum saw four major networks, including Vodafone, battle it out for a slice of the spectrum. Proceeds from the auction added up to double of what had originally been anticipated, and will be [...]
Great Portland Estates sells off £65m building home to Ottolenghi’s new restaurant October 3, 2018 A West End property block home to Yotam Ottolenghi’s new flagship restaurant was snapped up by an overseas investor for £65m today. Read more: Soho House boss says second City of London venue has not been ruled out Great Portland Estates (GPE), a FTSE property developer, sold off 55 Wells Street to an undisclosed foreign buyer [...]