Shaftesbury taps investors for £300m as pandemic batters West End October 22, 2020 West End landlord Shaftesbury will tap investors for £300m amid a sharp downturn in central London footfall during the coronavirus pandemic. The property firm announced today that it intends to raise around £297m through a discounted offer of new shares, with the potential to raise £307m dependent on investor appetite. Shaftesbury, which owns 16 acres [...]
RSA, Hiscox and others drop appeal against Covid-19 business interruption insurance payout rulings October 21, 2020 The appeals linked to the Resilience, Eaton Gate Retail, and Eaton Gate Pubs & Restaurants business interruption insurance policies have now been dropped.
Real estate investment firms launch £100m self-storage partnership October 21, 2020 Two real estate investment firms have teamed up to launch a £100m self-storage joint venture, as investors target alternative properties amid uncertainty for office and retail assets. UK-focused real estate fund manager Moorfield Group has entered into a partnership with Stor-Age, a South African self storage Real Estate Investment Trust, which owns Storage King. The [...]
Snakes and Ladders: Who is moving jobs in the City this week? October 21, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. City firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of [...]
Shakespeare: Lockdown pups give Pets at Home a boost October 21, 2020 Last month, in the face of the coronavirus, Pets at Home reported glowing results making it the best-performing UK retail stock of the quarter. The pet shop and veterinary services provider said it expected full-year underlying profits to be ahead of current market expectations. Pets at Home said that while strong merchandising sales had helped [...]
Segro buys Canning Town warehouse in £133m deal October 21, 2020 Property development firm Segro is adding a Canning Town warehouse estate to its London portfolio as it increases its presence in the capital. The landlord, which counts Amazon and Ocado as some of its clients, today announced it had acquired Electra Park, a 13 acre urban warehouse, from global investment manager Schroders for £133m. The [...]
Help retail workers weather the mental health storm October 21, 2020 You’re having “one of those days” — you know, the kind we all seem to be having with increasing regularity. But you’ve got to pop to the shops to pick up some essentials. Parking is a nightmare, and to cap it all, it’s raining. You’re anxious about all sorts of things and quite frankly, you’re [...]
Zoom and Instagram brand values jump as tech firms get Covid-19 boost October 20, 2020 Zoom, Instagram and Youtube have all swept into the rankings of the world’s 100 most valuable brands for the first time this year as the pandemic sparked a major boost for tech companies. Social media and streaming companies have enjoyed booming demand as millions of people have been forced to stay at home during the [...]
FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased October 19, 2020 FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased
Breaking: Wales to enter strict ‘fire break’ lockdown October 19, 2020 Wales to enter strict 'fire break' lockdown