Canadian pension fund CPPIB joins forces with Hermes on £1bn Birmingham Paradise city centre redevelopment March 7, 2016 The Canadian Pension Plan Investment Board (CPPIB), one of the country's largest pension funds, has made its second major foray in Birmingham this year after buying a stake in the vast £1bn Paradise regeneration scheme in the city centre. CPPIB said it will take a 50 per cent stake in the £150m first phase of the scheme alongside Hermes Investment [...]
Investor sentiment on Eurozone economy stoops to year low March 7, 2016 Investor sentiment on the Eurozone economy has fallen to its lowest level for a year, new survey data shows. The Sentix economic index for the currency-bloc dropped to a score of 5.5 for this month from February’s six. It is the lowest since April 2015. The score was compiled from a poll of 1,102 investors. “The [...]
Here’s how much house prices have risen along the Elizabeth Line since building started March 7, 2016 London's upcoming Elizabeth line – set to open in 2018 – is already making its mark on property prices throughout the capital. Data released today showed properties near the planned stops along the line have increased in value by 52 per cent on average since building began, compared with the average rise of 30 per cent across England. The figures, from online property [...]
Iron ore makes massive 19 per cent price jump – leads mining share prices Ferrexpo and Lonmin higher March 7, 2016 Iron ore has lead a fresh rally in commodity prices that has recorded gains over the past two weeks as traders bet that prices have finally bottomed out. The price of iron ore climbed by 19 per cent to $63.74 a dry metric ton according to industry data gatherer Metal Bulletin. The leap in the [...]
International Women’s Day 2016: The panels, talks and networking events in London for aspiring businesswomen March 7, 2016 NULL
UK productivity puzzle: Here’s how much more the UK would make if we were as productive as the rest of the G7 March 7, 2016 Sluggish productivity could be costing the UK nearly £500bn, as the country continues to tail behind most of its G7 counterparts, figures out today have found. According to the study by Grant Thornton, UK GVA could be boosted by £479bn by 2025 if workers' productivity across the country matched the G7 average. According to figures released [...]
London house prices: Prime Central London property is experiencing a dead-cat bounce, after demand for high-end homes suddenly rose March 7, 2016 London's high-end property market may be experiencing a dead-cat bounce – after demand for homes in London's most exclusive areas spiked as investors attempt to squeeze in transactions before stamp duty is hiked in April. Research by online estate agent Emoov, seen exclusively by City A.M., showed demand for homes worth £1m or more has jumped by [...]
Fitch slashes global growth forecast on weaker emerging market outlook March 7, 2016 The world economy will be weighed down by further turmoil in key emerging markets this year, a major ratings agency said today. Fitch has slashed its global economic growth forecast with advanced economies expected to grow 1.7 per cent this year, down from the 2.1 per cent forecast in December. Emerging market economies are expected to [...]
London mayoral election 2016: Is Morrissey about to run to succeed Boris Johnson? March 7, 2016 Iconic yet outspoken musician Morrissey is "seriously considering" running for City Hall, following a request from the Animal Welfare Party. Morrissey, himself a prominent advocate of vegetarianism and animal rights, was asked to enter the race by the Animal Welfare Party. Read more: Zac Goldsmith lays out "vision for London" And on the website True to You, [...]
EU referendum: Downing Street refuses to deny it contacted British Chambers of Commerce (BCC) over John Longworth as Grassroots Out files FOI March 7, 2016 Downing Street refused to deny this morning that Number 10 officials contacted the British Chambers of Commerce (BCC) over former director general John Longworth's euroscepticism. "Of course Number 10 talks to business organisations regularly. But if you are referring to Mr Longworth’s decision to step down, that is entirely a matter for the BCC," the Prime [...]