Telford Homes to develop £160m Stratford project February 11, 2019 London developer Telford Homes has ramped up its investment in East London this morning after announcing plans for a £160m housing site in Stratford. The housebuilder, which specialises in non-prime London property, has snapped up the 1.2 acre development for £20m as it looks to tap into recent regeneration following the arrival of Westfield shopping [...]
International Investing – the whys and wherefores February 11, 2019 | City Talk In 1926, engineer, inventor and philosopher Nicolas Tesla, said “”When wireless is perfectly applied the whole earth will be converted into a huge brain. We shall be able to communicate with one another instantly, irrespective of distance… and the instruments through which we shall be able to do his will be amazingly simple compared with [...]
Quit nostalgic navel-gazing and get excited for the future February 11, 2019 The thing about the 1970s – if you lived through them – is that they were for the most part dull and dour years, devoid of political and economic energy. And as for the fashion, don’t even go there. Yet there seems to be no shortage of fresh-faced tweets proclaiming those years to be something [...]
One in 10 high street shops lie empty as retailers face spring reckoning February 10, 2019 The extent of the crisis facing UK retailers was laid bare this morning after new figures revealed one in 10 high street shops lie empty, while a string of upcoming cost increases could deal a death blow to struggling stores in the spring. Rising taxes and a shift to online shopping have ravaged British high [...]
Big business needs to step up and take the reins of leadership from the politicians February 6, 2019 I wanna be the leader I wanna be the leader Can I be the leader? Can I? I can? Promise? Promise? Yippee I’m the leader I’m the leader OK what shall we do? Roger McGough did not know how prescient his poem was. The days of Churchill, Thatcher and Mandela are gone. Whether you agreed [...]
The yield curve explained: is it predicting recession? February 6, 2019 | City Talk The yield curve has been a reliable predictor of US recessions over the last four decades. Each time the yield curve has inverted, the US economy has entered a downturn within 18 months. At the start of 2019, the curve is precipitously close to inverting again. The yield curve is the difference between the interest [...]
Redrow hails record profit as founder bows out on a high February 6, 2019 Housebuilder Redrow hailed record half-year profits before tax this morning, striking a resilient tone despite fears of greater uncertainty over Britain's imminent departure from the EU and a “subdued” Christmas. The figures In Steve Morgan’s final trading statement as chairman, the FTSE 250 developer said that pre-tax profits rose five per cent to £185m in [...]
Jose Mourinho receives prison sentence for defrauding the Spanish state February 5, 2019 Former Manchester United manager Jose Mourinho has received a one-year prison sentence for defrauding the Spanish state of €3.3m (£2.8m). A Spanish court filing revealed the sentence today, although Mourinho will not serve prison time as under Spanish law jail terms of less than two years can be served under probation. The Spanish tax ministry [...]
Time to appreciate the perks of the job? February 4, 2019 For full-time office workers blinking out of the window onto the cold, grey, concrete City, the advantages that they enjoy over the self-employed might not seem obvious. You daydream about rocking up at one of those shared workspaces at 11am in your jeans, laptop on your back, ready for a self-managed day of freelancing, and [...]
The taxman collected an extra £3.75bn from VAT investigations into small businesses last year February 4, 2019 The taxman collected an extra £3.75bn from small and mid-sized businesses (SMEs) last year through investigations into the underpayment of VAT, up 12 per cent on the previous year. The extra revenue HM Revenue and Customs (HMRC) collected through VAT investigations made up half of all revenue collected through investigations into SMEs in 2017/18, according to [...]