Why Lord’s Cricket Ground and Wembley Stadium are the best areas for buy-to-let in London August 19, 2024 Buy-to-lets in London are, famously, quite a good idea – if you have the money to spend on them. But rental yields – defined as the return on your investment after accounting for costs like mortgages and taxes – have been hammered by high interest rates lately, making it crucial to buy in the right [...]
European banks’ US deal fee share nearly halves in a decade August 19, 2024 European banks' share of US dealmaking fees has almost halved in a decade, new data has shown, as EU lenders push to grow their presence in the world's biggest market for investment banking.
Barratt pushed ahead with £2.5bn Redrow merger despite CMA concerns August 19, 2024 Housebuilders Barratt and Redrow have decided to push ahead with their £2.5bn merger despite issues raised by the competition regulator. The merger, announced by the companies in February, has been under investigation by the Competition and Markets Authority (CMA) due to concerns that it could significantly reduce competition. The two companies currently hold a large [...]
FTSE 250 giant JTC snaps up employer services firm in latest takeover deal August 19, 2024 FTSE 250 corporate solutions firm JTC has struck a deal to expand its employer services division with a new acquisition – the latest in a string of recent takeovers. The London-listed firm, headquartered in Jersey, revealed plans today to acquire the Buck UK and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co [...]
‘Buyer buzz’: Outlook raised for UK house prices after interest rates cut August 19, 2024 Property portal Rightmove has said there is a “degree of buyer buzz” in the housing market, caused by the moderation in mortgages in light of the Bank of England’s decision to cut the base interest rate. It raised its house price forecast for 2024 from negative one percent to one per cent, citing more interest [...]
Caledonia Investments swoops in for tyre company DTM with £55m majority stake August 19, 2024 Investment trust Caledonia has bought a majority stake in Direct Tyre Management (DTM) for £55m, meaning it now owns the entire firm. DTM, which provides outsourced tyre management services to fleet operators, has reinvested alongside Caledonia to acquire 100 per cent of the business from investors including Palatine Private Equity. Blackpool-based DTM has delivered year-on-year [...]
BATM: London-listed Israeli tech firm’s revenue stagnant despite growing order book August 19, 2024 Israeli tech firm BATM Advanced Communications has seen its revenue remain flat despite “substantial growth” in its cyber division, according to newly-filed results. The London-listed firm, which has its headquarters in Hod Hasharon, saw its revenue hit $60m (£46m) in the first six months on 2024 – unchanged from the same period last year. BATM’s earnings [...]
Founders can’t escape the growing pains, but loving what you do makes it easier August 19, 2024 The reality is that the start-up ecosystem — whether it be in tech, hospitality, or retail — has never been easy.
Crafty Londoners to create sign for renamed Overground line August 18, 2024 A textile version of a new London Overground sign will be created at public weaving sessions, Transport for London (TfL) has announced. Participants will work together to make a Weaver line roundel to be displayed at a station on the route for millions of passengers to see. Each of the six Overground lines will be [...]
Emergency move to avoid jail overcrowding may be used soon as rioters sentenced August 18, 2024 The government could trigger an emergency plan to avoid prison overcrowding “at some point next week” as rioters are sentenced, according to the Prison Officers’ Association. It followed reports in The Observer that the government could be about to trigger Operation Early Dawn. The long-standing contingency measure allows defendants to be held in police cells [...]
