UK property investors fear Brexit will push away foreign buyers October 7, 2019 The majority of UK property investors are concerned Brexit will deter overseas buyers from snapping up real estate in Britain, a new survey has revealed. Read more: Housing market uncertainty persists as property transactions remain flat More than half of investors said they were concerned about a decline in transactions from foreign buyers, which in [...]
Like a brick: SIG shares drop as profit warning sends ripples through construction industry October 7, 2019 Building materials firm SIG shares tumbled 15 per cent this morning as it warned profits would be “significantly lower” than last year, amid languishing construction markets in the UK and Germany. SIG’s warning set alarm bells ringing across the industry as it said a “deterioration in trading conditions” had worsened in recent weeks. Read more: [...]
UK house prices grow at slowest rate for six years October 7, 2019 UK house prices grew at their slowest annual rate in six years in September, a closely-watched gauge has revealed, as Brexit uncertainty continues to smother activity in the sector. Read more: UK house prices: Brexit holds back September growth House prices grew by just 1.1 per cent over the last year, undershooting economists’ expectations of [...]
Brexit: Macron says EU could decide on Boris Johnson’s ‘final’ offer by end of this week October 7, 2019 French President Emmanuel Macron has said the EU could make a decision on Prime Minister Boris Johnson’s Brexit proposals by the end of the week. Discussions between the two leaders yesterday saw Macron urge Johnson to engage in further discussions with the EU “swiftly” in order for the bloc to decide on the PM’s proposals [...]
How we proved to the world that a woman’s place is in a FTSE 350 boardroom October 7, 2019 With Brexit dominating the news, you may have missed an even-longer-in-the-making development last week: women now make up 30 per cent of the boards of the average FTSE 350 company – a “first” after 450 years of listings on the London Stock Exchange. It took 350 years to reach 10 per cent women on UK [...]
The City Corporation is leading the charge for a greener, cleaner, plastic-free capital October 7, 2019 Brexit has been top of the agenda for many City firms in recent years, but one issue that could disrupt business models even more significantly in coming decades is climate change. In the words of Bank of England governor Mark Carney, the transition to a carbon-neutral economy poses an existential challenge – and it is [...]
DEBATE: Does the former Tory leadership hopeful Rory Stewart have a shot at becoming London mayor? October 7, 2019 Does the former Tory leadership hopeful Rory Stewart have a shot at becoming London mayor? Ben Kelly, a commentator for Reaction, says YES. Rory walks on – on to London. But does he stand a chance? Of course he does. The popularity of Sadiq Khan is waning, and the Conservatives’ candidate, Shaun Bailey, is woeful. [...]
Tech startups resilient on hiring potential despite political turmoil October 7, 2019 Around four-fifths of the UK’s tech leaders remain bullish on hiring top talent, as ongoing Brexit uncertainty fails to dampen employment and investment intentions. Seventy-nine per cent of young tech companies intend to increase staff numbers in the next three months, City A.M. can today reveal, rising six per cent from last quarter. According to [...]
London remains main target for foreign investment October 7, 2019 London continued to attract more foreign direct investment than any other UK city last year, prompting calls for a wider distribution of funds across the country. The capital attracted 73 per cent of the total 624 projects secured in 2018, according to research by EY and the Centre for Towns. Read more: Five reasons why [...]
The next Bank of England governor must be prepared for a political storm October 6, 2019 When Dame Helena Morrissey revealed she was standing down from Legal & General last week, the City rumour mill was sent into overdrive. The Square Mile veteran and champion of boardroom equality said only that “in a changing Britain” she had “a lot of ideas and other things to achieve”. This rather enigmatic sign-off will [...]