ITV talked up as post-Brexit vote foreign takeover target August 3, 2016 Downton Abbey broadcaster ITV is being talked up as a foreign takeover target in the aftermath of the UK’s Brexit vote. The company, which currently has a market capitalisation of £7.8bn, has been linked by analysts with moves from the US and Europe. Alex DeGroote, a media analyst at Peel Hunt, told City A.M.: “It certainly [...]
Rent on the finest properties in the Home Counties has fallen due to over-supply August 3, 2016 Prime rents in the Home Counties have been hit by high stock levels, data released today has shown. According to estate agent Knight Frank, rents in high-end properties in the areas fell by 0.6 per cent between April and June and by 0.8 per cent year-on-year. Read more: Here's why parts of London's prime rental market [...]
Time Warner joins the streaming club as it takes 10 per cent stake in Hulu August 3, 2016 HBO and Warner Bros owner Time Warner has bought a 10 per cent stake in the TV streaming service Hulu and lifted its profit forecast after reporting higher-than-expected quarterly earnings today. Time Warner's Turner arm has also signed a separate affiliate agreement for its full suite of networks to be carried on Hulu's live-streaming service, which [...]
New polling figures have illustrated exactly why a split could be an electoral disaster for Labour August 3, 2016 New figures from YouGov have lain bare the dangers of a party split for Labour, with just over six weeks left in its leadership contest. Labour will choose between incumbent Jeremy Corbyn and challenger Owen Smith on September 24, but speculation has been rife that the party could split if Corbyn remains as leader. Labour [...]
Olga Polizzi on creating a suite in Brown’s Hotel inspired by the novels of Rudyard Kipling August 3, 2016 In this summer of botanical wallcoverings and all things tropical, lush and green, one jungle-inspired interior design project in Mayfair is king of the swingers. The sumptuous Kipling Suite at Browns Hotel in Mayfair is where favoured guest Rudyard Kipling stayed and penned, they claim, much of The Jungle Book. And if the best hotel [...]
Here’s why parts of London’s prime rental market have been boosted by Brexit vote August 3, 2016 Data released today suggests that there are sections of the prime rental market in central London that have benefited from Brexit. According to data from London estate agents Portico, rent prices for two-bed properties in Kensington and Chelsea have gone up by 0.4 per cent from May to July. The average rental price for a [...]
US rival pulled out of London Stock Exchange bid because it expected Brexit vote August 3, 2016 The owner of the New York Stock Exchange pulled out of a bid for the London Stock Exchange because it was anticipating a Brexit vote, the company has revealed. The Intercontinental Exchange (ICE) announced it would not be making a bid for the LSE, which is currently in the process of merging with German exchange [...]
This might be the reason HSBC’s shares are up despite profits going down August 3, 2016 HSBC did not perform particularly well financially during the first half of 2016, revealing this morning that pre-tax profits dropped 29 per cent. The picture was even bleaker on a quarterly basis, where profits plunged 45 per cent, failing to meet analysts' already glib expectations of a 40 per cent drop. However, there was some [...]
This Olympic athlete racked up a huge bill because of Pokemon Go August 3, 2016 Athletes might be limbering up for the biggest sporting event of the year in Rio, but that's not stopping them from playing the biggest (non-sporting) game of the year in their down time. And one Olympic gold medal-winning gymnast has been so enamoured with Pokemon Go that he completely forgot the extra cost he might incur [...]
Ukip’s ruling committee “is not fit for purpose” says Woolfe as three members resign in protest over his exclusion August 3, 2016 Steven Woolfe has hit out at Ukip's ruling committee after it voted to exclude him from the party's leadership contest. Woolfe was the odds-on favourite to succeed Nigel Farage, but saw his bid blocked after paperwork supporting his campaign was submitted 20 minutes after a midday deadline. In a statement following the verdict, Woolfe said that [...]