Hollywood Bowl launches international expansion as it strikes a record revenue May 25, 2022 Hollywood Bowl, the UK’s largest ten-pi bowling operator, has more than bounced back after its pandemic closures, with its revenue exceeding pre-pandemic levels by over a third. The London-listed leisure business snagged a little over £100m in revenue in the six months to 31 March – a new record for the company – and up [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO Accountancy and business advisory firm BDO has bolstered its audit practice with a new partner, who joins from EY. Rida Rahmani brings more than 15 years of experience to the international audit team. “Rida’s experience of working with clients but also her [...]
One in five Londoners look to downsize family home to fund retirement May 24, 2022 Almost one in five Londoners are planning to downsize their home to help fund their retirement, according to a new study, as the cost-of-living vacuum shakes down savings. Homeowners in London lead the way in the plan to swap their family home for a smaller property and stow away the windfall cash for the future, [...]
House buying falls ‘dramatically’ as market feels absence of stamp duty holiday May 24, 2022 UK property transactions are “dramatically lower” than a year ago, as the market feels the absence of the pandemic-era stamp duty holiday. Residential deals in April plunged nearly 14 per cent in comparison with 12-months ago, and are 10.5 per cent lower than in March, according to the government’s latest data. Meanwhile, non-residential transactions, which [...]
Logistics boom: Warehouse investment trust launches on London’s main market May 24, 2022 Warehouse Real Estate Investment Trust (REIT) is launching onto London’s main market, it announced today, after five years on the junior market. The logistics real estate heavyweight is expected to have access to a larger pool of capital and investors as a result, which it hopes will boost its liquidity and recognition. Warehouse REIT, which [...]
Topps Tiles hails record turnover with Brits still hooked on home repairs May 24, 2022 Topps Tiles, the UK’s largest tile specialist, has hailed a record turnover for the first half of the year, with Brits still hooked on repairing and improving their homes following the easing of lockdown restrictions. The London-listed retailer snagged £199m in the six months to 2 April, up more than 15 per cent in comparison [...]
West End landlord Shaftesbury reaps rewards of London’s exploding rents May 24, 2022 West End landlord Shaftesbury has reaped the rewards of exploding rental growth in London, as its portfolio valuation swells as the new Elizabeth line is unveiled. The real estate investment trust raked in nearly £19m in rent in the six months to 31 March, as its offices, hospitality and leisure, retail and residential portfolio increases [...]
City Moves: Who’s switching jobs in the Square Mile? May 20, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BNP Paribas Real Estate BNP Paribas Real Estate (BNPPRE) has bolstered its West End Agency team with a new director. Katrina Love previously spent 11 years in Colliers’ central London office team. The Colliers veteran, who had [...]
London commuters battle over rising property prices along Elizabeth Line May 20, 2022 The newly unveiled Elizabeth Line has left commuters wrestling over rising prices in London’s suburbs, with the cost of a home in local areas more than doubling over the past 10-years. The Crossrail, one of Europe’s largest infrastructure schemes and four years overdue, will open to the public on Tuesday. Despite he delays, the number [...]
Starry eyed investors: Seraphim Space Camp for startups pushes into the US May 19, 2022 Seraphim Space Camp, a UK-based programme which helps space-tech startups get ready to go public, has pushed into the US – as leaps in progress catch the eyes of investors. The programme, set up by London-listed space-tech investment fund Seraphim, is a venture capital-led scheme which rallies initial public offering (IPO) level funding behind the [...]