Hometrack figures show slide in property sales across top 20 UK cities in 2015 February 26, 2016 The number of number of homes sold across the UK's top 20 cities fell by two per cent over the last year, according to data released today by Hometrack. London has seen a seven per cent dip in transactions in the year to January while Cambridge experienced the biggest drop in sales, down 20 per cent [...]
Mauricio Pochettino: Tottenham have enough quality to go full throttle in the Europa League and the Premier League February 25, 2016 NULL
EU referendum: City of London Corporation is one step closer to making the case for remaining in the EU despite member opposition February 25, 2016 The City of London Corporation has moved one step closer to campaigning for Britain to remain in the European Union, despite vocal opposition from many of its members. In a move that sparked outrage among eurosceptic City figures but was welcomed by the pro-EU campaign yesterday afternoon, members of the Corporation's policy and resources committee voted 17-3 [...]
String of suitors eye up Baltic Exchange including the Singapore Exchange, CME Group, Intercontinental Exchange (ICE), and Platts February 25, 2016 The Baltic Exchange, a financial maritime hub located in the heart of the City of London, could be sold to one of a string of foreign buyers. The exchange is home to the Baltic Dry Index, which measures the cost of shipping huge quantities of coal, ore, grain, and other dry commodities across the world. [...]
Oil price rises despite a hike in US stockpiles February 25, 2016 Oil bounced back late last night after losing ground earlier in the day. The rise was due to Venezuela reaffirming a mid-March meeting of oil producers that would include Saudi Arabia, Russia and Qatar. Saudi has been working to broker a deal with both Opec and non-Opec countries to stabilise prices that have slumped 70 per [...]
City brokers and small banks to escape bonus cap in EU review February 25, 2016 The European Commission has decided new rules on bankers’ bonus caps will have to be applied more flexibly or redrafted, City A.M. understands. Vera Jourova, the commissioner in charge of the pay rules, began looking into the cap after concerns were raised that city brokers and smaller banks would be hit by unnecessary administrative costs. The [...]
Royal Bank of Scotland boss Ross McEwan will give up half of his £1m allowance to charity February 25, 2016 Royal Bank of Scotland's chief executive Ross McEwan is to give up half of his £1m allowance to charity for the third year in a row amid an annual pay row at the bank. McEwan is to make the announcement tomorrow, according to Sky News, despite the confidence extended to him from City investors and his [...]
RIBA’s new exhibition looks at how architects have rebuilt cities destroyed by natural disasters February 25, 2016 Nobody knows how many people died in the fire. Six deaths were recorded, but many were thought to have been incinerated beyond recognition and many more cooked alive in temperatures exceeding 1,700 degrees Celsius. The streets resembled the lower circles of hell and the Great Fire, as it became known, was the second tragedy to [...]
Estate agents let loose with Simon Cowell’s property mogul brother Nick Cowell at Estate Office’s 30th anniversary gala ball February 25, 2016 He may have gone down the property route rather than into the glitzy world of showbiz like his brother Simon, but property mogul Nick Cowell had the moves like Mick Jagger at Estate Office's glamorous 30th anniversary gala. Cowell, head of property firm Cowell Group, which owns Estate Office, brought real estate bosses and rugby legends together on Wednesday [...]
Sterling keeps clear of hitting 30-year low February 25, 2016 Sterling held its ground today, managing to steer clear of a 30-year low against the dollar. The pound spiked at $1.3996, a climb of around half a per cent on its value at the start of the day. However, if later fell back to $1.3920. The pound has fallen sharply this week after London Mayor [...]