Nicola Sturgeon to declare Scotland “open for business” with Brexit trade hub plan October 15, 2016 Nicola Sturgeon is to set out new post-Brexit trading structures and declare Scotland “open for business”. Concluding the Scottish National Party conference in Glasgow, Sturgeon will announce plans for a new trade hub in Berlin along with trade staff in order to boost European exports. The First Minister is also expected to attack the Conservative [...]
Private equity firms checking out Pure Gym after company proved not quite fit enough for IPO market October 15, 2016 Private equity firms are believed to have expressed interest in Pure Gym after the company withdrew its flotation plans this week. And the company’s board and US private equity backer, CCMP Capital, are understood not to have dismissed the informal approaches. Read more: Pure Gym avoids overstretch as it pulls the plug on IPO plans [...]
May you leave us alone? Mark Carney says Bank of England won’t be instructed by politicians October 15, 2016 Mark Carney has said the Bank of England will not be told what to do by politicians. Speaking shortly after Prime Minister Theresa May questioned the impact of quantitative easing policies, the Bank’s governor said on Friday that his job is sometimes made more difficult by comments from the political world. Read more: Theresa May [...]
“It wasn’t the right fit for us”: Salesforce shares jump as boss unfollows Twitter, ruling out takeover bid October 15, 2016 Twitter’s share price dropped more than five per cent in the US on Friday after a takeover offer was ruled out by Salesforce – whose shares jumped five per cent on the news. The social media company’s shares were trading at close to $25 on 5 October after reports suggested a bidding process was about [...]
Opinion: If we want to solve the housing crisis, we need to find smarter ways of building October 14, 2016 T he fact remains that London doesn’t have enough homes. The city is growing by about 100,000 people annually, but only 25,000 homes were built in the same period last year. As well as finding the land to build these homes, we also need to find ways to build them quickly on a large scale. [...]
Holiday Homes: Keith Perry searches for affordable second homes on the Cap d’Antibes October 14, 2016 As the superyachts glide across the gulf of Juan-les-Pins and vintage Porsches roll out of the multimillion pound villas on the Cap d’Antibes, it’s not hard to see how F Scott Fitzgerald found the inspiration for The Great Gatsby while looking out to sea from one of these beautiful villas. Avenues of pine trees lead [...]
Homes in “UK’s tallest residential tower” go on sale in Canary Wharf and other new homes on the market this week October 14, 2016 Spire, Canary Wharf From £595,000 Apartments in the UK’s “tallest residential tower” on the cusp of Canary Wharf went on sale yesterday. Rising to 771ft with 67 storeys, it cost Chinese developer Greenland Group £800m to build adjacent to West India Quay DLR station and the Museum of London Docklands. There will be 861 one [...]
Here’s a novel way your office could stay cool next summer October 14, 2016 Snow cleared from roads in winter could be used to cool large buildings when it's hot, replacing traditional air conditioning. A computer-modelled study showed channelling air through "snow dumps" – where snow and ice is piled after being collected from highways – reduces the need for air conditioning units and could save businesses money. The system works [...]
Financial and professional services are our entire nation’s Crown Jewels October 14, 2016 I have spent much of the past year speaking to employees, employers and entrepreneurs from across this great country. In December I went to Northern Ireland, in March to Scotland, in July to the North of England, and last week to Bristol and Cardiff – 12 UK cities in total. After each of these trips [...]
Private equity firms add Polish auction site to their basket for £2.7bn October 14, 2016 A consortium of private equity companies has announced the acquisition of Polish auction website Allegro. Cinven, Permira and Mid Europa this afternoon unveiled a $3.25bn (£2.66bn) deal to buy the company from South Africa's Naspers Limited. Read more: Stock Spirits appoints new chief exec and refocuses business on Poland Allegro, described as Poland’s eBay, was founded in 1999 and [...]