Overseas investment in London property to hit pre-crisis levels January 13, 2014 OVERSEAS investment in London’s property market could top pre-recession levels by the end of this year, boosted by an influx of spending from Asian buyers. According to figures released today by law firm Mayer Brown, Asian investors doubled their investment in the central London market to £5.8bn last year, up from £2.91bn the previous year. [...]
Chinese holidaymakers lead the charge over Christmas January 13, 2014 Wealthy foreign visitors helped keep Britain’s tills ringing over Christmas with spending up a record 40 per cent on the previous year. Chinese tourists led the charge, with spending up 52 per cent to around £741 per transaction in December, according to figures out today by tax-free shopping specialist Global Blue. While China accounted for [...]
What the other papers say this morning – 13 January 2014 January 12, 2014 FINANCIAL TIMES Treasury debt pledge on Scotland The UK Treasury will today assume full responsibility for Britain’s £1.2 trillion debt stock in the event of Scottish independence, in an attempt to head off market jitters ahead of September’s referendum. Danny Alexander, Treasury chief secretary, fears gilt investors could start demanding a risk premium in the [...]
London skyline gets a £1.2bn Chinese fortune January 11, 2014 CHINESE state-owned Greenland Group has made its first foray into the UK market with a £1.2bn swoop on two major London developments – which could see it build the tallest skyscraper in Canary Wharf. The property giant yesterday signed a deal to buy developer Minerva’s Ram Brewery, a historic seven acre site in Wandsworth claimed [...]
China’s economic slowdown sees markets cautious January 10, 2014 Some disappointing numbers for China overnight, as it missed its official target on foreign trade for the second year in the row, confirming a loss of momentum at the end of 2013. But despite its export growth slowing by more than expected in December, the country has now overtaken the US as the world's largest [...]
Porsche and Audi break records as demand for luxury cars rises January 9, 2014 PORSCHE and Audi have both posted annual sales jumps, benefiting from the global surge in demand for luxury cars and giving a boost to parent firm Volkswagen. More than 162,000 Porsches were delivered last year, up 15 per cent on 2012 and a company record. In the US, the marque’s biggest market, sales were up [...]
What the other papers say this morning – 9 January 2014 January 8, 2014 FINANCIAL TIMES UK mobile services in Channel tunnel British Eurotunnel passengers will finally be able to use mobile phones under the sea following an agreement between the Channel tunnel operator and UK telecoms groups to provide the same sort of voice and data services that have been available to the French since 2012. China offers [...]
LME allows first Chinese firm to deal in the ring January 8, 2014 THE LONDON Metal Exchange yesterday said it has approved its first Chinese-owned ring dealing member company, alongside two new trade members. GF Financial Markets will be able to trade on LME’s three platforms, including the famous ring, one of the world’s last open outcry markets. Ring dealing members can also issue LME contracts – buying [...]
Why geography matters when selecting an MBA course January 8, 2014 Business has gone global and business schools have followed, with most now claiming to offer international reach IN GREATER numbers, business school applicants are looking beyond the UK and US to study their Masters of Business Administration (MBA). QS Top MBA research has found that, while the UK and US remain the most popular study [...]
London skyline gets a £1.2bn Chinese fortune January 7, 2014 CHINESE state-owned Greenland Group has made its first foray into the UK market with a £1.2bn swoop on two major London developments – which could see it build the tallest skyscraper in Canary Wharf. The property giant yesterday signed a deal to buy developer Minerva’s Ram Brewery, a historic seven acre site in Wandsworth claimed [...]