Telford Homes boss: Negative Brexit commentary will push down house prices October 10, 2018 Shares in Telford Homes plunged more than 13 per cent in early morning trading today as it warned of falling house prices and flat activity in London’s property market over the next 12 months, with Brexit uncertainty weighing on buyer confidence in the capital. The London-based housebuilder said that recent “negative” Brexit commentary and talk of [...]
Insurer Beazley becomes second tenant in City skyscraper Twentytwo October 10, 2018 The City's tallest skyscraper has landed its second major tenant – specialist insurer Beazley – in a sign of the bumper year for insurance take-up in the Square Mile. City A.M. can reveal the FTSE 250 insurer is set to take 50,000 square feet (sq ft) over two floors at 22 Bishopsgate when construction is finished [...]
Canary Wharf unveils plans for tech hub in major business district development October 9, 2018 Plans to develop Canary Wharf into London’s largest tech and creative cluster were unveiled today, with the business district looking to attract fast-growth firms in a bid to create 20,000 new jobs. A new 23-acre quarter named Wood Wharf is looking to lure in “a larger number of tech jobs than in the entire city [...]
Live and Let Buy: Former spy HQ put on the market October 9, 2018 It was once home to British spies hoping to crack enemy codes. Now, the former MI6 London headquarters is being put up for sale as a commercial office space. Located in the heart of Westminster, the townhouse at 21 Queen Anne’s Gate is touting businesses after three centuries of residency that saw it house aristocrats, artists [...]
Legal activity fuels London growth as UK recruiter boasts of record third quarter October 9, 2018 British recruitment firm Robert Walters said this morning it had enjoyed a record third quarter amid efforts to ramp up expansion across Europe and Asia. The recruiter’s share price climbed more than three per cent in early morning trading, after posting a a 12 per cent rise in gross profit during the third quarter of 2018. Across all of [...]
Cenkos boss steps down after profits vanish October 9, 2018 Stockbroker Cenkos Securities surprised the City this morning after announcing its chief executive is to step down in the wake of tumbling profits. Boss Anthony Hotson will leave his post at the end of the month, putting an end to a 12-month reign which was dampened last month when Cenkos halved its dividends and posted [...]
Improbable unveils move to new London HQ October 8, 2018 A London-based virtual reality firm is to take up a new City headquarters, as it looks to accelerate its expansion ambitions following a wave of investments from abroad. Improbable, a games company that was founded six years ago, is moving its base from Farringdon to Spitalfields as part of a plan to accommodate its growing workforce, [...]
Carrefour jumps on blockchain bandwagon in effort to track food supplies October 8, 2018 Europe’s biggest retailer is to roll out blockchain technology to trace the supply of goods such as chickens and eggs. Carrefour is planning to gradually deploy a blockchain ledger across its fresh product lines over the next several years, in a bid to bolster the security of its global supply chains. The French retailer is employing IBM, [...]
Flying high: Angling Direct hooks in revenues as physical stores prove to be a big catch October 8, 2018 Angling Direct reeled in a sharp rise in turnover over the first half of 2018, amid burgeoning sales that were bolstered by European expansion and UK store growth. The group today posted a 55 per cent rise in revenue in the first six months of the year, jumping to £21.9m, on the back of a [...]
US duo awarded Nobel Economics Prize for work combining theories on climate change and technology October 8, 2018 Two US economists have won with this year’s prestigious Nobel Economics Prize for work in integrating climate change and technological innovation. William Nordhaus has been recognised for his work on the damaging financial implications of environmental factors such as climate change, while Paul Romer has examined how economists can achieve a healthy rate of economic [...]
