Student property developer Crosslane targets London co-living market November 12, 2019 Student property provider Crosslane has moved into the co-living market with a £355m pipeline as it eyes three new developments in London. Crosslane Co-Living has secured sites in Walthamstow, east London and Manchester’s Deansgate to build 366 new rooms over the next two years. The rental model, which is aimed at millennials, sees tenants rent [...]
General Election: New poll extends the Conservatives’ lead over Labour November 12, 2019 The Conservative party’s lead over Labour and the Liberal Democrats has grown, according to the latest polling. A Britain Elects poll released this morning shows the Tories moving up one point to 39 per cent, while Labour and the Liberal Democrats remain stable at 31 and 15 per cent respectively. Bookmakers have the Conservatives as [...]
Will CO2 rules choke car industry profits? November 12, 2019 | City Talk Europe’s car industry needs to tackle the huge challenge posed by new emissions regulations. But for those who do, it’s a major opportunity. The commitment to limit global warming to 2 degrees is the greatest challenge of our time. If we’re going to meet it then we need to cut harmful emissions from industry, and [...]
HS2: Leaked report urges government to press on with rail project November 12, 2019 The High Speed 2 (HS2) rail line connecting London to Manchester, Birmingham and Leeds should go ahead in its entirety despite the likelihood of massive budget overruns and falling benefit to the taxpayer, according to a draft of the official review into the project. Douglas Oakervee, a former chair of HS2 who was tasked with [...]
World’s wealthiest investors forecast a turbulent 2020 November 12, 2019 The world’s super rich are bracing themselves for a rocky year ahead, with many high net worth investors holding cash in their portfolios as a result. Almost four in five wealthy investors think that markets are heading towards a period of higher volatility. Read more: Billionaire boom slows down as uncertainty takes a toll Wealthy [...]
Labour experiences a ‘sophisticated’ cyber attack November 12, 2019 Labour has said it has been the victim of a “sophisticated and large scale cyber attack” on its digital platforms. However, a spokesperson for the party said the attempt had failed and there was no data breach. Read more: Hillary Clinton slams ‘shameful’ decision to delay Russian interference report “We took swift action and these [...]
Financial Times appoints first female editor as Lionel Barber steps down after 15 years November 12, 2019 Lionel Barber is stepping down as editor of the Financial Times (FT) after almost 15 years at the helm, to be replaced by the newspaper’s first female editor. The veteran journalist is set to depart at the beginning of next year, having taken over the position in 2005. He will be replaced by current FT [...]
Rugby World Cup audiences help push ITV ad revenue higher November 12, 2019 ITV stuck to full-year guidance today as it revealed a surge in online revenues while rugby fans helped push advertising spend towards the top of its range in the broadcaster’s third quarter. Total advertising with the broadcaster fell three per cent for the year to the end of September, but climbed one per cent over [...]
B&M shares dive as German unit put under review November 12, 2019 Shares in B&M fell more than seven per cent this morning as the bargain retailer launched a strategic review of its German business Jawoll to determine the future of the poorly performing unit. The figures The company’s overall pre-tax profit plunged 70 per cent to £32.2m in the first half, after its balance sheet was [...]
Arrow underlying profits fall due to rise in costs November 12, 2019 Debt purchasing group Arrow Global saw underlying profits fall 5.4 per cent to £50.4m in the nine months ending in September, due to a 15.1 per cent rise in costs related to IFRS 16. Despite this, the group’s cashflow increased 14.7 per cent to £174.4m, compared to £152m in 2018. Profits before tax increased 65.6 [...]