Deutsche Bank has confirmed the €2bn IPO of its asset management arm Shares in Deutsche Bank edged higher this morning after it confirmed it will float a minority stake in DWS, its massive asset management arm, next month. It is thought the lender will list a 25 per cent stake in DWS, which has €700bn (£614bn) under management, in two weeks’ time. Deutsche is expected to raise [...]
John Lewis’ staff bonus has fallen again after a weak performance in 2017 The company which owns John Lewis and Waitrose has cut its staff bonus to five per cent of salary this year, after a disappointing performance in 2017. The bonus, which is given out to all staff of the John Lewis Partnership under its employee-owned model, was six per cent last year, down from 10 per [...]
The Royal Mint’s 26 new 10p coin designs are an A-Z of why Britain is great The Royal Mint has unveiled 26 new 10p coins featuring an A to Z of designs celebrating life in the Britain, which are being launched as part of a collection it called the Great British Coin Hunt. From the Angel of the North to the Zebra Crossing, the designs "map what makes Britain great", the [...]
Vote of confidence? This Japanese bank just signed for a huge new office in the City February 13, 2018 A Japanese banking giant has given a vote of confidence to the capital by signing for a vast new office space at the redeveloped Broadgate scheme on Liverpool Street. The European arm of Sumitomo Mitsui will take 161,000 sq ft at 100 Liverpool Street, part of the Broadgate development. The lender will take the first [...]
House prices in UK cities are now less affordable than any time in the last 10 years February 2, 2018 Buying a house in UK cities has reached its least affordable in a decade, new research has shown, after the gap between house prices and average earnings widened further. The average worker in must now spend seven times their earnings to buy a house in a city, figures by Lloyds Bank showed, up from 6.9 [...]
Overseas investment in London offices hit record levels in 2017 after the Walkie Talkie and Cheesegrater sales January 31, 2018 The sales of two of London's most iconic skyscrapers pushed overseas investors' interests in central London offices to record levels last year, as buyers from the far East flocked to the capital. Figures by CBRE showed investment in central London offices swelled by 26 per cent to £16.4bn last year, after £3.5bn was invested in [...]
Sorry, homeowners: London is now officially a “buyer’s market” January 30, 2018 London’s housing market is at a critical point, new figures have revealed, with heavy discounting by homeowners desperate to sell their properties tipping the capital into a buyer’s market. The average home in London is now sold at four per cent below its original asking price, up from just 0.5 per cent in 2014, the [...]
These are 2018’s most (and least) stressful jobs January 12, 2018 You could have been forgiven for thinking, in the year 2018, the world's most difficult occupations would include such futuristic roles as "robot wrangler" and "drone cleaner". But new research has shown the most stressful jobs are surprisingly traditional – with senior military personnel coming top. The list, by US recruitment site CareerCast, also ranked [...]
Five things you should know about the new US embassy in “off location” Nine Elms January 12, 2018 Donald Trump may not be impressed with London's new US embassy building in Nine Elms – but the new £800m site has been in the works for a decade, and is one of the world's safest buildings. Trump was due to cut the ribbon at the embassy at the beginning of next month, but he [...]
Bookies have slashed the odds of another Brexit referendum after Nigel Farage’s comments January 11, 2018 Bookies have slashed the odds of a second EU membership referendum after comments by former Ukip leader Nigel Farage. Appearing on Channel 5's The Wright Stuff this morning, Farage said his mind was "actually changing" about whether the UK should have a second Brexit referendum. "If we had a second referendum on EU membership we [...]
