DeVere shutters UK property investment division as mortgage rate rises loom October 3, 2022 Independent financial advisory organisation DeVere is to pull all its property investments in the UK market amid looming interest rate rises. The group, which advises on around $12bn (£10.7bn) in funds, said today it will temporarily shutter its property investment division as inflation in the UK spirals. The Bank of England is widely expected to [...]
City of London defends redevelopment plans for Barbican October 3, 2022 A campaign group has slammed the “misinformed and misleading” data that has been used to justify demolishing two historic buildings in London’s Barbican. The City of London Corporation has submitted plans to demolish the Museum of London and adjacent office block Bastion House after raising concerns over the safety of the buildings. But a new [...]
Career Pivot: How To Transition To Tech October 3, 2022 You may be hearing rumblings of tech slowdowns and layoffs, and it’s true that as fears of recession deepen, many firms are tightening their belts and shoring up their bottom lines as preventative measures. Others are choosing to cut headcount across less well-performing projects or are shedding teams in areas where focus has been pulled. [...]
London Film Festival 2022: Seven titles not to miss, from The Whale to Empire of Light October 3, 2022 The BFI’s London Film Festival (LFF) is just around the corner, with the Southbank Centre playing host to the great and the good of the movie business from 5-16 October. This year it will showcase 164 feature films — 22 of which are world premieres — across nine London venues. There is something for everyone in [...]
Price of Bitcoin and Ethereum holds the line amid wider market instability October 3, 2022 The Bitcoin price continues to move horizontally, hovering around $19,000 and showing a slight bump of 1.5% growth in the last week.
British defence firm Qinetiq ditches Belgian space division in acquisitions spree October 3, 2022 British defence technology firm Qinetiq has sold off its Belgium space division due to “limited” commercial alignment with its global orbital defence ambitions. Qinetiq has sold Space NV to Belgium-based Redwire Space Europe for £28m, having first bought the commercial satellite systems company in 2005. The space firm generated around €49m (£43m) worth of revenue [...]
AJ Bell strikes consultancy deal with founder October 3, 2022 AJ Bell has struck a deal with a consultancy firm owned by founder Andy Bell today as he prepares to step down as chief executive and into an advisory role.
London’s summer heatwave sparked plunge in footfall as Mayor warns against climate crisis October 3, 2022 The summer heatwave saw London visitors plunge as commuters swap the City for the shade, says London Mayor Sadiq Khan. Speaking at the Reuters IMPACT Conference later today, the Mayor will reveal that on 18 July, when temperatures in London exceeded 35 degrees, there were 385,640 daytime workers in central London, when 518,000 workers would usually be [...]
FTSE 100 falls after dramatic 45p U-turn, as pound erases gains against dollar October 3, 2022 The pound pushed higher on Monday morning after the government said it would scrap its planned 45p income tax cut, while the markets dipped in response to the dramatic news. Sterling leapt by as much as one per cent against the US dollar to $1.12 early on Monday morning while teetering back slightly after a [...]
Pensions fund collapse fears were ‘overreaction’, says PwC executive October 3, 2022 Fears of a wave of pension fund insolvencies last week were an “overreaction”, the global pensions chief of PwC said today, after concerns spread amid the fallout of the government’s so-called mini budget.
