From Bloom & Wild to Moneybox, we meet the man who co-founded both October 14, 2019 What do a flower shop and an investment app have in common? More than you might think, says the co-founder of two flourishing British businesses, Moneybox and Bloom & Wild. The latter was featured in City A.M. in 2017 and remains one of the fastest growing tech companies in the country, according to Deloitte. “I [...]
Property giant Land Securities eyes £650m sale to fund real estate expansion October 13, 2019 Property giant Land Securities is reportedly close to selling a £650m stake in a leisure portfolio to private equity property investor CIT Partners. Land Securities is understood to have agreed to sell its 95 per cent share of the X-Leisure Unit Trust – which is behind developments including Xscape Milton Keynes and Brighton Marina – [...]
Taking a stand is easy when it doesn’t cost you anything October 11, 2019 DOWNING Street is busy trying to get FTSE chiefs to sign a letter in support of the government’s Brexit position, whatever it may be. Enthusiasm is apparently in short supply, and who can blame business leaders for steering clear of this polarising topic? In this day and age, publicly backing Boris Johnson will trigger a [...]
General Election 2019: Get ready for the populist onslaught October 9, 2019 Parliament might have blocked the Prime Minister’s repeated efforts to go to the polls but everyone in Westminster is gearing up for a pre-Christmas election. Even ministers who still claim their top priority is to “Get Brexit Done” are unambiguously positioning themselves for a snap vote. The working assumption is that a General Election will [...]
Links of London collapses putting hundreds of jobs at risk October 9, 2019 Links of London has collapsed into administration in a further blow to the struggling UK high street, putting hundreds of jobs at risk. The retailer appointed Deloitte as administrators after it ran out of cash before it was able to secure a sale or restructuring plan. Read more: Mike Ashley makes move for Links of [...]
City Moves for 9 October – Who’s switching jobs at Made, Sir Robert McAlpine, Pantheon October 9, 2019 Today’s City Moves includes Made, Sir Robert McAlpine and Pantheon Made Leading European design brand Made has announced the appointment of Nicola Thompson as the company’s new chief operating officer (COO). In the newly-created role, Nicola will be responsible for merchandising, logistics and supply chain, customer service and customer experience functions. Nicola joins Made after [...]
Weaker European market expected to be at centre of potential HSBC job cuts October 7, 2019 HSBC’s under-pressure European business is expected to bear the brunt of potential job cuts being made by the bank. The lender is understood to be looking at cutting between 5,000 and 10,000 jobs as part of a cost-cutting drive under interim boss Noel Quinn. Read more: The next BofE governor must be prepared for a [...]
City Moves for 7 October – Who’s switching jobs at Equiteq, Festicket and Smith & Williamson? October 7, 2019 Today’s City Moves includes Equiteq, Festicket and Smith & Williamson? Eqiteq Global investment bank Equiteq has appointed Sohail Ahmed as its new managing director. Based in London, Sohail will engage with the community of entrepreneurs and private equity transacting in the knowledge economy, as well as lead on investment banking project delivery. Sohail has extensive [...]
This is the most affordable place to buy a home on the Victoria Line October 5, 2019 With 36 trains an hour running from Brixton to Walthamstow and boasting a major travel hub, the Victoria Line is one of the best Tube lines to live on if you work in London. But steep house prices make that almost impossible, with the average house price on the Victoria Line costing £807,783. Read more: [...]
New builds: Homes on the market in London this week, from a former Bermondsey pub to a Deptford tower with City views October 4, 2019 196 Southwark Park Road, Bermondsey From £450,000 for a one-bed Bermondsey is often ranked as one of London’s best places to live thanks to its food, drink and culture scenes, transport connections and relative affordability. If you want a piece of the action, Orchard Homes Group has just launched eight apartments and two houses at [...]