Home secretary Sajid Javid announces new start-up visa route June 12, 2018 Home secretary Sajid Javid has announced a new visa route specifically designed for people who want to start a business in the UK. The new visa path, announced during London Tech Week tonight, will replace a visa route which was exclusively for graduates, opening it up to a wider pool of business founders. The current [...]
Ranked: London boroughs where the most homes were sold last year June 11, 2018 The proportion of homes sold in London was lower than any other part of England and Wales last year, according to analysis of Land Registry data by property group Knight Frank. In total, 3.2 per cent of all private London residential properties were sold in 2017, well below the average of 4.1 per cent for [...]
Revealed: The UK cities where £1m properties sell fastest June 7, 2018 Homes worth £1m or more have sold most quickly in Cambridge this year, taking only 45 days on average to secure a buyer – twice as fast as the national average According to property website Rightmove, the top five fastest selling million pound locations are all outside of London: Edinburgh and Harpenden are in [...]
Ranked: London boroughs with the biggest increase in new property listings June 6, 2018 New property listings were up 7.4 per cent in May, with London seeing a 5.9 per cent increase in the number of new properties on the market. May therefore saw the the highest number of new sellers list their properties in any single month since before 2017, according to online estate agents HouseSimple. The figures [...]
Samsung selling Commerzbank’s £425m London HQ June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany's Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Manchester tops list of best UK cities to be a landlord June 4, 2018 Manchester is the best city in the UK to invest in real estate, according to price comparison site Gocompare. According to Gocompare, Manchester had the UK’s highest average yield at 5.55 per cent, followed by Leicester and Cardiff. The company ranked cities across the country based on criteria like average property price and rental yields, [...]
Ocado joins FTSE 100 as Marks & Spencer narrowly escapes being kicked off May 30, 2018 Online retailer Ocado officially joined the FTSE 100 today, while embattled department store Marks & Spencer narrowly avoided dropping off the blue chip index. Ocado was promoted from the FTSE 250 in a quarterly reshuffle by index provider FTSE Russell that also saw bookmaker GVC promoted. Ocado’s FTSE jump comes after the retailer’s shares soared [...]
Online property group Emoov to join forces with Tepilo and Urban in £100m merger May 30, 2018 Online real estate group Emoov today announced a £100m merger with digital property firm Tepilo and online letting agency Urban. The combination of the three proptech companies will create the second-largest online real estate agent in the UK behind industry leader Purplebricks. The merged business will be headed by Emoov CEO Russell Quirk, the company [...]
The City’s Pret employees celebrate £1,000 bonus after JAB Holdings takeover May 29, 2018 Pret A Manger employees in the City today celebrated news that they would be receiving a £1,000 bonus after the company announced it will be acquired by German conglomerate JAB Holdings. “I only just heard,” said Mohamed Naim, 19, who works at a store on Fenchurch Street. “I still can’t believe it. It’s a bit [...]
Number of large department stores in England falls 25 per cent in less than a decade May 29, 2018 In a further sign of the ailing UK retail sector, new research has found that the number of large UK department stores in England has fallen by 25 per cent in less than a decade. According to peer-to-peer property lending platform Lendy, the number of large department stores, which it defines as multi-level stores that [...]
