FTSE 100 close: London rises on Fed official’s comments amid Israel-Gaza uncertainty October 10, 2023 London’s FTSE 100 index soared as markets reacted well to comments by a top official at the Federal Reserve, despite ongoing uncertainty looming due to the war with Israel and Gaza. The capital’s premier bluechip index closed 1.82 per cent higher at 7,628.21, lifted by Ocado, Anglo American and Flutter. Down the most since March, [...]
John Lewis faces fresh defiance from Ealing residents over build-to-rent tower October 9, 2023 The John Lewis Partnership is facing further resistance from Ealing residents over the retailer‘s attempt to erect a build-to-rent tower of 428 homes over a Waitrose supermarket in the west London borough. A campaign group, Stop the Towers, has made fresh calls to the council urging it to listen to residents’ concerns and reject the [...]
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
Last orders: London sees highest number of pub closures out of any English region October 9, 2023 London has seen the highest number of pub closures out of any region in England, with a total of 46 haunts shuttering in the first half of the year, a new study has shown. Across the whole of the UK some 383 pubs were also permanently closed within the same period, according to new figures [...]
Crypto firms told they have three months to fall in line with FCA’s new marketing rules October 8, 2023 A slew of tough new Financial Conduct Authority rules aimed at making the marketing of digital assets clearer came into force today.
Developers must make the most of London’s rich history and not rely on retail alone October 6, 2023 Property developers can no longer depend on traditional retail for survivial and must engage with London's unique and varied history to ensure successful regeneration, Trevor Morriss writes
The Square Mile and Me: Asif Aziz on turning London’s neglected spaces into eclectic landmarks October 5, 2023 Entrepreneur Asif Aziz – CEO of Criterion Capital and the operator of the London Trocadero and a host of London landmarks – has made the capital his playground What was your first job?When I was still in school, I was intrigued by the London property market. My first ‘real’ job was at Morgan Grenfell Laurie [...]
‘Betting on human nature’: Short seller Carson Block on fraud, death threats and why he’s sniffing around UK firms October 5, 2023 'Betting on human nature': Short seller Carson Block on fraud, threats and why he's sniffing around UK firms
Superdry sells South Asian IP to Indian retail giant for £40m October 4, 2023 Struggling fashion retailer Superdry has signed a joint venture with Reliance Brands Holding UK Ltd (RBUK) for the sale of its intellectual property in South Asia, in its latest bid to boost funds. As part of the £40m deal, RBUK and Superdry will own 76 per cent and 24 per cent of the joint venture [...]
The Notebook: Andy Silvester on why John Lewis’s next boss would do well to take a shift on the tills October 3, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s our editor Andy Silvester with the pen Whoever replaces White would do well to take a shift on the tills Driving alongside Lake Bala, on the edges of Snowdonia, this intrepid Londoner got a shock at the weekend: an entrance [...]