The UK’s investment industry has more assets than France, Germany and Italy combined September 29, 2016 London’s position as Europe’s premier financial hub was laid bare again today with the latest statistics on the UK’s dominant fund management industry. The Investment Association (IA), which represents investment firms based in the UK, found there are more assets under management (AUM) in the UK than France, Germany and Italy combined, and nearly 100,000 jobs [...]
The Conservatives are shifting to the left to destroy Corbyn’s Labour September 29, 2016 The Labour Party is in rapid decline. Now Jeremy Corbyn has been confirmed as Labour’s alternative Prime Minister at the next election – and with far-left activists in apparent ownership of the party – it is hard to see anything other than internal resignations, defections and desertions. The party as we know it looks to [...]
Property of the Week: Nine Hillgate Street in Notting Hill is an experimental former art gallery on the market for £6.75m September 29, 2016 Nine Hillgate Street looks like a traditional terraced house in Notting Hill, but inside, it looks more like an art gallery. And that’s because it was, at one point, a gallery. Seth Stein Architects created this house as an experiment in design and have been using it to show-off art for the past year. “It [...]
Get on with it: Businesses get impatient over runway woes after reports suggest Theresa May has enough backing for Heathrow expansion September 29, 2016 Businesses are saying enough is enough to endless dithering over airport expansion, as reports emerged yesterday suggesting government might now have enough support to push through a Heathrow expansion. Sean McKee, director of policy at the London Chamber of Commerce and Industry, told City A.M. he hoped the latest news was not another "false start". [...]
Crowdfunding to come under the microscope in joint study from the Financial Conduct Authority and Cambridge University’s centre for alternative finance September 29, 2016 The Financial Conduct Authority (FCA) and researchers from the University of Cambridge will join forces in a new research project to investigate crowdfunding and peer-to-peer lending. Researchers from the Cambridge centre for alternative finance (CCAF), part of the Judge Business School, and the FCA will work with both investors and fundraisers who use non-traditional equity platforms. The joint [...]
Massive business rate hikes will be a disaster for growth and investment in London September 29, 2016 Hundreds of thousands of companies across the UK are nervously awaiting today’s release of new property valuation data that will determine how much they will have to pay in business rates. As if the prospect of having their rateable values reassessed after a seven-year gap wasn’t scary enough, government announcements this week create a toxic [...]
UK coal power generation falls to a record low September 29, 2016 The proportion of UK electricity which was generated by coal-fired power stations fell to a record low in the second quarter as a string of plants closed down. Official data released today showed coal made up 5.8 per cent of the UK's power mix during this period, down from 20 per cent the same time a [...]
Focus On Camberwell: The area’s cool neighbours and artistic connections make up for the lack of Tube September 29, 2016 Gentrification is taken to be a fairly modern concept; the word conjures up images of property developers covertly following artists home to scout out the area for substantial profit. In fact, the Victorians have been at it ever since the first railways began connecting previously far-flung districts to the capital and Camberwell was one of [...]
Here’s how much more dough Paul Hollywood has than Mary Berry September 29, 2016 Paul Hollywood created quite a fuss last week when it emerged he would be judging the Channel 4 version of Bake Off. Mary Berry quit the show after it was announced Channel 4 would be taking Bake Off from the BBC. She said her decision was out of "loyalty" to the BBC. Much-loved hosts Mel and [...]
EDF and UK government ink Hinkley Point C contract September 29, 2016 The UK government and French utility giant EDF signed the key contract for the new £18bn Hinkley Point C nuclear power station today. They were joined by minority investor China General Nuclear Power at a signing ceremony in London. It was the second attempt to finalise the deal after Prime Minister Theresa May asked for a delay at the 11th [...]