Foxtons: Estate agent boosts dividend as property sales pickup March 5, 2025 London’s biggest letting agent, Foxtons, has raised its final dividend by 30 per cent after double-digit revenue growth. The company’s growth was driven by sales rather than lettings in the year ended December 31, 2024, with sales revenue up 31 per cent year on year and lettings up five per cent. Foxtons added that sales revenue [...]
Boxpark launches new concept alongside a new CEO March 5, 2025 Matt Snell grew up above a pub and has done “every single job there is to do in hospitality”. For the last seven years, he’s been running Italian chain Gusto, directing it through a set of unquestionably tough years for the hospitality sector. Now, he’s running London’s Boxpark – and spearheading the roll-out of its [...]
Global dividends reach record high in 2024 despite UK fall March 5, 2025 Global dividends reached a record high of $1.75 trillion (£1.38 trillion) in 2024, despite a slight fall in UK payouts. Dividends rose 6.6 per cent on an underlying basis last year, according to the latest Janus Henderson Global Dividend Index. Underlying payouts in the UK fell slightly (-0.6 per cent), although this masked some growth [...]
Government set to slash red tape for investment industry March 5, 2025 The government is set to launch a consultation aiming to slash red tape from the alternative investment industry, City AM understands. City minister Emma Reynolds is set to launch the consultation, which will begin in the coming weeks, while addressing top brass in the private equity and venture capital sector later today. Speaking at a [...]
Events, dear boy, events: Starmer’s defence challenge could be his biggest opportunity March 5, 2025 In July 2020, the then chief executive of the Environment Agency, Sir James Bevan, gave a speech to the Whitehall & Industry Group titled: ‘“Events, Dear Boy”: managing incidents before they become crises’. He told listeners: “When Prime Minister Harold Macmillan was asked what was the greatest challenge for a statesman, he replied: ‘Events, dear [...]
Abrdone: Can the vowel U-turn save Aberdeen? March 4, 2025 Abrdn has re-added the vowels to its name as part of a shocking branding U-turn. But will it play a role in rebuilding the asset manager’s fortunes? Does it even matter in the grand scheme of things? The much-mocked corporate moniker was finally retired today after years of Square Mile sniggering and, it must be [...]
Canada and Mexico tariffs: No10 stresses ‘balanced’ trade relationship with US March 4, 2025 The UK has a “strong, fair, balanced and reciprocal trading relationship” with the United States, No10 has stressed, as US tariffs came into force against Canada and Mexico. President Trump’s tariffs on goods from Canada and Mexico took effect on Tuesday, with global markets put on edge and retaliations planned by the two countries – [...]
Blackstone targets Warehouse REIT for £470m takeover March 4, 2025 Warehouse REIT’s stock price has jumped almost 18 per cent after it was revealed the investment trust had rejected four separate bids for a takeover from US private equity giant Blackstone. Blackstone, as part of a consortium with investment giant Sixth Street, made a £470m offer for the investment trust last week, it announced today. [...]
Tory MP warns UK should ‘consider possibility Trump is a Russian asset’ March 4, 2025 A Conservative MP has warned the UK should “consider the possibility that President Trump is a Russian asset”. Graham Stuart, a former Foreign Office minister, posted the remark on X, formerly Twitter, after the US President halted military aid to Ukraine. Overnight, the White House suspended delivery of ammunition and other equipment to Kyiv after [...]
31-story skyscraper on 130 Fenchurch Street inches towards a green light March 4, 2025 Proposals for a “showpiece office building” on 130 Fenchurch Street are open for further consultation ahead of an application for planning permission. Designs for the revamped building at the site of City AM’s former HQ Fountain House detail 31 storeys of office space, an improved streetscape and street-level amenities. “[The proposals] aim to create a [...]
