£200m Mayfair office redevelopment gets green light November 11, 2020 Developers have been given the go-ahead for a £200m project to transform Mayfair’s Lansdowne House into office and retail space. Westminster City Council granted planning permission to real estate firm Core to redevelop the property in Berkeley Square. Core said the project is a “huge boost” for central London and the city’s office market, despite [...]
Homebase up for sale following major structural overhaul November 11, 2020 DIY chain Homebase is up for sale again following two and a half years of major structural overhaul by its most recent buyers. It is understood the sales process will start in the coming days, with initial details set to be sent to prospective buyers – including other retailers and private equity, The Telegraph reported [...]
Restaurants and pubs granted extension to provide takeaway services until 2022 November 11, 2020 Restaurants, pubs and cafes have been given the green light to provide takeaway services for another year, providing a “lifeline” during the coronavirus pandemic. The government announced today that hospitality firms will be allowed to offer food and drink takeaways until March 2022 without having to go through a planning application process. Rules around takeaway [...]
Tech rally drives US shares higher as FTSE 100 continues to climb November 11, 2020 US shares opened higher today as signs of a possible vaccine for Covid-19 raised investor hopes of a faster-than-expected recovery from the pandemic-induced economic crisis. Wall Street’s main indices opened higher, with technology stocks recovered from heavy losses earlier in the week. The tech-heavy Nasdaq rose 1.27 per cent shortly after the open, while the [...]
Customs chaos looms as ‘haulier’s handbook’ delayed for a month November 11, 2020 Hauliers will have just three weeks to familiarise themselves with the new regulations for transporting goods into the EU from 1 January, it was revealed today. The so-called “Hauliers’ handbook” had been due to be released at the beginning of November but will now be unveiled in full on 7 December. Speaking to the Parliamentary [...]
New foreign investment powers will create ‘considerable uncertainty’ for business November 11, 2020 A new law giving the government the power to block foreign takeovers will create “considerable uncertainty” for businesses, City firms have warned today. The National Security and Investment Bill, which was published today, has been labelled the “most significant” change to the UK’s investment regime in decades. But many are concerned that the new regime, [...]
ECB to focus on bond buying and bank liquidity to keep eurozone afloat, says Lagarde November 11, 2020 The European Central Bank (ECB) will focus on emergency bond purchases and cheap loans for banks when it puts together its new stimulus package for the coronavirus-hit eurozone economy, president Christine Lagarde said. Lagarde told the ECB’s annual central banking conference that inflation in the eurozone was now likely to remain negative for longer than [...]
Tiktok owner Bytedance to book $27bn in ad revenue this year November 11, 2020 The Chinese owner of viral video app Tiktok is reportedly on track to pull in at least $27bn (£20.4bn) in advertising revenue by the end of the year. Bytedance, which generates the vast majority of its revenue from ads, has previously stated that its target for overall revenue in 2020 is $30bn, meaning the figure [...]
City veteran Martin Gilbert joins board of wealth firm Saranac Partners November 11, 2020 Former Standard Life Aberdeen chief Martin Gilbert has joined wealth firm Saranac Partners as a non-executive director. The veteran investor has taken on several board positions since standing down from Standard Life Aberdeen in March 2019 to join challenger bank Revolut as chair. He is also a senior independent non-executive director at Glencore, as well [...]
The All American Greats – Californian wines to toast the fall of Trump November 11, 2020 History was made in Paris in 1976 when a now-infamous blind tasting pitched California’s top Cabernet Sauvignons and Chardonnays against the First Growths of Bordeaux and the finest white Burgundies. In each case the Californian wines came out on top, awarding them instant cult status and global recognition. The US is now the fourth largest [...]
