Northern leaders call for government to commit to HS2 in full as axe hovers over eastern leg August 26, 2021 Politicians and business leaders in the north-east of England have said that the eastern leg of HS2 to Leeds is essential to “levelling up” the country after reports emerged that the extension was set to be mothballed. A new report from the High Speed Rail Group called the delivery of the leg from Birmingham to [...]
Lockdown pet boom: Demand for pet friendly homes surpasses garden space August 26, 2021 The demand for pet friendly homes has more than doubled during the pandemic, sailing well past garden demand as the lockdown pet boom took hold of freshly homebound Brits. Tenants eyeing pet friendly properties has surged 120 per cent compared to last summer, according to the latest research from Rightmove. While the demand for gardens [...]
Rally flags, but fundamentals still look strong August 26, 2021 The crypto market is down again this morning after an impressive rally that’s seen Bitcoin gain around 70 per cent in a month.
British Land snaps up Square Mile car park for £20m in last-mile delivery push August 26, 2021 British Land has reported £350m of capital activity including the acquisition of Finsbury Square Car Park. The property company said its acquisition of Finsbury Square Car Park for £20m was an opportunity to create a last mile logistics hub in the City. The commercial landlord exchanged on the acquisition of the Priestley Centre in Guildford [...]
Qantas targets December international flights after AU$1.8bn loss August 26, 2021 Australian carrier Qantas said that it was aiming to restart flights to international destinations with high rates of vaccination in December after falling to a AU$1.8bn (£950m) annual loss. Under current plans, the airline will recommence flying to countries such as Singapore, Japan, the United States, Britain and hopefully New Zealand by the end of [...]
FRC to ‘strengthen’ audit governance code to tackle Big Four accounting scandals August 26, 2021 The Financial Reporting Council (FRC) has today announced proposals to update and “strengthen” its Audit Firm Governance Code and establish “operational separation” at the Big Four firms. The proposed changes are aimed at clarifying the role of partnership boards in holding management to account, said the UK accounting watchdog in a statement. A key proposal [...]
Former Capco executives club together for £8m Proud Embankment deal August 26, 2021 A property investment firm led by former Capital & Counties executives has acquired London nightclub Proud Embankment for £8m in a show of confidence in the return to dancefloors. Castlebrooke Investments has taken a 17-year lease on 8 Victoria Embankment, the entertainment venue that plays host to Proud Cabaret. The former riverside tram shed entrance [...]
Brazil’s Buffett-backed Nubank eyes $55bn valuation ahead of US IPO August 26, 2021 Brazil’s digital bank Nubank is reportedly eyeing a $55.4bn valuation ahead of its initial public offering (IPO), as Brazilians look beyond traditional lenders. If Brazil’s most prominent digital bank is listed at a market cap greater than its largest tradition bank Itau Unibanco, Nubank would shoot up the ranks towards international high flyers like the [...]
Watches of Switzerland poaches Rank Group’s finance boss August 26, 2021 Mecca Bingo and Grosvenor Casino owner Rank Group this morning confirmed its chief financial officer is heading to Watches of Switzerland. Bill Floydd tendered his resignation in order to take up the same role at the FTSE-listed luxury retailer. Rank CEO John O’Reilly said Floydd “helped secure the group’s liquidity and future through the pandemic [...]
Landlords still losing rental income from pandemic August 26, 2021 One in five landlords are planning to sell property because of the pandemic’s financial impact, according to a survey. More than half (51 per cent) of landlords are still losing rental income as a result of the pandemic, research from landlord insurance provider Simply Business has shown. Some 47 per cent of landlords said they [...]
