Canadian firm votes for City of London with two property mega deals in pipeline May 30, 2021 Canadian private equity giant Brookfield is set to buy City of London property Plantation Place for a whopping £635m – the biggest office deal since Covid-19 changed working patterns and emptied offices. The deal is expected to complete this week, the Sunday Times first reported, with Brookfield also in separate talks to buy Milton Gate, [...]
Business and professional services boosts UK economic output in May May 30, 2021 The City of London’s dominant business and professional services industry put rockets under the UK’s private sector business activity in the three months to May, according to the latest CBI monthly gorwth survey. Business and professional services activity grew at a survey record pace, gorwing at a rate of 50 per cent, up from a [...]
Chelsea masterclass takes them to European glory May 30, 2021 A Kai Havertz goal minutes before half-time was enough for Chelsea to overcome Manchester City in an all-English Champions League final. The London club were underdogs coming in to the game but were the better team almost from the first whistle. Chelsea coach Thomas Tuchel reputation for organisation will only be strengthened after his charges [...]
Entrepreneurial charity warns aid cuts will only increase reliance on handouts May 29, 2021 Sam Bickersteth, the CEO of Opportunity International UK which works to develop home-grown businesses in the developing world, has told City A.M. that UK aid cuts will only increase dependence on handouts. Bickersteth said that by reducing the number of programmes charities like his are able to run, more people will end up relying on [...]
Where to watch Euro 2020 in London: Top beer gardens May 29, 2021 After a mad, harrowing year, it seems difficult to believe that Euro 2021 is mere weeks away – and that the biggest games will be taking place in London. For fans without tickets to the tournament, which runs from 11 June to 11 July, watching at the pub looks set to be a game of [...]
Oatly has climbed to the top of the legion of alternative milks. Can it keep up the momentum? May 29, 2021 Oatly shares soared in its stock market debut last Wednesday and the alternative-milk giant was valued at a staggering $13bn, after its sales doubled in 2020 to $421m. The Swedish brand benefits from being born green; with dairy alternatives measurably better for the planet and far better tasting than a decade ago. Climate change concern and the [...]
Exclusive: Row brewing at Playtech over £148m sale of trade-tech platform Finalto May 29, 2021 A shareholder row is brewing at Playtech over the proposed sale of its trade tech platform Finalto, with at least one major investor understood to be disappointed by the £148m selling price. The tech firm has agreed to offload Finalto to an Israeli consortium as part of efforts to focus in on its core gaming [...]
Fiat 500 Electric review: iconic city car goes green May 29, 2021 The Fiat 500 Electric boasts cute styling, a range of up to 199 miles and an optional roll-back roof. We drive it on UK roads.
‘Risky’ FTSE firms could be shunned by worried auditors fearing backlash May 29, 2021 There are worries that the crushing weight of public criticism combined with record-breaking fines could see perceived ‘risky’ FTSE companies shunned by auditors. Following large-scale collapses like Carillion and Patisserie Valerie, the audit sector has faced harsh criticism, having come under both the media and government’s spotlight for failing to do their jobs properly. According [...]
Generous trade offer to Australia will allow Global Britain to demand the same elsewhere May 29, 2021 The free-traders in Boris Johnson’s Cabinet appear to have won the day: the Prime Minister has reportedly sided with Trade Secretary Liz Truss, his Brexit advisor Lord Frost and other Cabinet liberals to support a zero-tariff, zero-quota trade deal with Australia. The protectionists who wanted a watered-down deal – led by Environment Secretary George Eustice [...]
