No deal agreed by Capco and Shaftesbury yet as West End landlords ask for more time May 30, 2022 Shaftesbury has asked for an extension to a deadline for rival Capco to make an offer for the West End landlord. The two property titans have been in advanced discussions for an all-share merger, it was announced on 7 May. The £3.5bn merger would create a sprawling real estate empire across central London destinations including [...]
Millions of UK households could face blackouts this winter due to war in Ukraine May 30, 2022 Millions of UK households could face blackouts this winter due to global shortages of natural gas caused by Russia’s war in Ukraine, the UK government has warned. As many as six million British households could be subjected to blackouts, if Russia makes further efforts to cut off the EU’s gas supplies, according to a Whitehall [...]
Speedy Hire confident about future following strong final performance May 30, 2022 The board of construction company Speedy Hire has announced it was confident about future performance following a strong set of final results. In the year ended 31 March 2022, the group’s revenue went up 16.3 per cent to £381.7m, while its adjusted profit before tax soared to £30.1m, 72 per cent up on the previous [...]
Great transport means opportunities – we just need to learn how to fund it May 30, 2022 It will not have escaped your notice that Transport for London opened a new part of the network last week. The Elizabeth line, which began life as Crossrail in a 1974 rail report, currently runs in three separate stages across the capital. It will eventually extend from Reading and Heathrow in the west to Shenfield [...]
Meta madness: Virtual clothing trade marks surge as brands look to monetise on NFT potential May 30, 2022 Virtual clothing trade marks jump by a third to 2,146 in past year, as more and more brands look to capitalise on meta fashion. According to a new study by intellectual property law firm Mathys & Squire, trade marks were up 35 per cent to 2,146 this year, as fashion powerhouse like Dolce & Gabbana [...]
The Platinum Jubilee will be a moment to reflect on what makes us stronger together May 30, 2022 The eyes of the world will be on London this week as we prepare for the Platinum Jubilee – a truly historic occasion where the country will come together to celebrate Her Majesty’s extraordinary seventy years of service. Here in the City, a national service of thanksgiving at St Paul’s Cathedral and many other festivities [...]
Homes sit on the market for longer as prices hit yet another record high, says Zoopla May 30, 2022 The time between listing a property and a sale is growing increasingly longer, according to property platform Zoopla, as house prices hit yet another record high. In London, the average time it takes for a three-bed house to be whisked off the market has jumped from 17 days in March to 21 days in April. [...]
Exclusive: M&G snags two major tenants in 40 Leadenhall – before it’s even built May 30, 2022 Investment firm M&G Real Estate has snagged two major tenants in the new development at 40 Leadenhall, City A.M. can reveal today – despite it still being under construction. The firm invested £875m to buy and develop the site – nicknamed Gotham City – in 2019. “It is the largest single transaction we’ve ever [...]
NIESR top economist: Bank of England has tools to fight inflation May 30, 2022 The UK economy is in a bit of a bind. Households are being squeezed by historic rises in their living costs, while businesses’ margins are thinning due to expenses soaring. A much higher than expected inflation crunch – primarily the result of Russia’s unforeseen invasion of Ukraine – is forecast to trigger a spending pull [...]
Loan sharks will keep circling victims unless the lending industry embraces change May 30, 2022 As many as 1.08 million people could be borrowing from an illegal money lender – a loan shark – according to a recent Centre for Social Justice report. Loan sharks take many forms, from community-based lenders operating in estates to fully-fledged organised crime groups seeking out the most vulnerable. They use pester power, intimidation and [...]
