Retirement villages may offer high streets their needed post-pandemic revival May 24, 2021 Retirement village provider Audley Group and BlackRock Real Assets have embarked on a £500m joint venture into the retirement living sector in the UK, which could bring high streets the much-needed footfall for post-pandemic revival. The joint venture, confirmed yesterday, will fund the development of at least three retirement communities, which will be ready for [...]
Luxury Mayfair hotel project at former US embassy lands £450m green loan May 24, 2021 The developer behind plans to build a new luxury hotel on the site of the former US embassy in Mayfair has secured a £450m green loan to finance its construction. Building work began this year on Chancery Rosewood, a 139-room luxury hotel and retail site in Grosvenor Square. Qatari Diar, the real estate division of [...]
London shopper numbers surge as return of indoor dining drives up trips to city centre May 24, 2021 shopper numbers surge as return of indoor dining drives up trips
Can companies really balance the needs of all stakeholders? May 24, 2021 The question of whether companies can combine profits with purpose continues to be a thorny one. In March, management change at French food producer Danone underlined the difficulties some companies face in trying to become more sustainable businesses. The CEO-chairman, who had made a powerful statement of intent by formally turning Danone into a “purpose-driven [...]
Flood the streets with art: traffic-free weekends and an all-night celebration in the City for a cultural comeback May 24, 2021 The City’s reopening is building up to a crescendo with the return of visitors and audiences to some of the Square Mile’s iconic cultural institutions. One of the things that I – like many others – have missed the most during lockdown has been the opportunity to enjoy world-class art and culture in person rather [...]
Beyond Pret sandwich sales, how do we measure the recovery of London? May 23, 2021 After more than a year of lockdown restrictions, words like “recovery” are thick in the air. Indeed, the Bank of England is forecasting annual growth of 7.25 per cent, the fastest rate since 1941; positive news, but it is not the most digestible statistic for much of Britain’s population. The most important benchmarks are ones [...]
Wall Street edges higher as FTSE 100 falls flat despite recovery hopes May 21, 2021 Wall Street opened higher this afternoon as investors turned their attention to key business surveys at the end of a volatile week of trading. The Dow Jones rose 0.11 per cent on open and the S&P 500 gained 0.23 per cent, while the tech-heavy Nasdaq pushed 0.59 per cent higher. It came after the London’s [...]
TGI Fridays to float its 87 restaurants on London Stock Exchange this year May 21, 2021 The owner of TGI Fridays has revealed plans to float the restaurant chain on the London stock market. Electra Private Equity, which has owned the casual dining brand since 2014, said it plans to float it on the FTSE main market in the third quarter of this year. The owner told investors today that it [...]
City A.M. TV: A Market Snapshot May 21, 2021 Despite some giveback earlier this week, price action in markets has been reasonably encouraging for the bulls, especially in the past 48 hours. In particular, a number of major asset prices have tested, held, and rallied from key support levels this week (including the S&P500, the NASDAQ100, and Bitcoin). In the case of Bitcoin, the [...]
Premier League deal: Fast-growing sportswear brand owned by Andy Murray signs up Wolverhampton Wanderers May 21, 2021 Fast-growing UK sportswear brand Castore, which is part owned by Sir Andy Murray, has agreed its first kit deal with a Premier League club. The company will now supply Wolverhampton Wanderers in a multi-year partnership thought to be worth several million pounds. It comes less than a week after it was disclosed that the Liverpool-based [...]