Looking beyond London: These are the five best cities to buy property in right now October 16, 2015 When considering real estate investment opportunities, people normally think of western cities like London and New York. But by dong so, they could lose out – emerging cities across Asia, the Middle East, Africa and Latin America are filled with openings that could bring great rewards. Based on market trends, infrastructure developments and commercial, residential [...]
City Moves for 16 October 2015 | Who’s switching jobs October 15, 2015 PEMBERTON The asset manager has appointed Corinna Mitchell as general counsel. She has over 20 years’ experience as a banking and finance lawyer, and was a partner in the London office of Dechert for the past seven years. Mitchell has also worked as a partner at Baker & McKenzie in London, and as a solicitor [...]
Console owners help drive profit jump at Game Digital October 15, 2015 GAME Digital said a rapidly growing population of Xbox One and PlayStation 4 console owners helped the video games retailer post forecast beating full-year profits. Demand for the latest generation of consoles has cooled and their average selling price has dropped since their initial launch two years ago. But a strong performance in accessories, new [...]
Amazon Fresh UK Vs Ocado: One chart showing why Amazon is about to seriously disrupt supermarkets’ online grocery delivery October 15, 2015 As if supermarkets weren't suffering enough with the threat of discounters, a new spectre is rearing its head – Amazon Fresh. Stealthily launched in London and Birmingham under the Amazon Prime Now banner, kitchen essentials like milk will be delivered to people's door within the hour. Analysts have already warned that Amazon will have an impact [...]
Virgin Money share price rises as mortgage lending jumps: More proof challenger banks are winning? October 15, 2015 The "Big Four" have good reason to worry about challenger banks, after Virgin Money announced net mortgage lending almost doubled in the nine months to the end of September. The figures Gross mortgage lending jumped 38 per cent to £5.5bn in the first three quarters of the year, the bank said today, with net mortgage lending rising 98 per [...]
West End landlords club together to create business improvement district October 15, 2015 The lobby group behind London’s West End has unveiled plans to launch a new business improvement district (BID) run by the area’s landlords to oversee £16m of investment into the area. The New West End Company, which represents 600 businesses around Oxford Street, Bond Street and Regent Street, is already a BID itself but funded [...]
IPO latest: Lloyds spin-off Equiniti expects a market capitalisation of up to £600m after IPO October 14, 2015 Equiniti, the payments technology provider, has added to the current flurry of IPO activity, announcing the price range for its shares will be between 165p and 200p. The price would give Equiniti an initial market capitalisation of between £495m and £600m: the company estimates the flotation to net around £135m, which it plans to use to pay off some [...]
City Moves for 14 October 2015 | Who’s switching jobs October 13, 2015 EDMOND DE ROTHSCHILD ASSET MANAGEMENT Agnès Belaisch has been appointed head of the sovereign debt team at the asset management firm. Based in the UK, she was previously in charge of economic and market analysis at the European Stability Mechanism, and has held roles at the IMF. ANV HOLDINGS The insurance group has appointed Janet [...]
HSS Hire Group IPO: Share price falls on stock market debut October 13, 2015 HSS Hire Group's share price slipped over four per cent as it debuted onto the London Stock Exchange, a slightly underwhelming start for the first main market listing of this year. The tool hire firm had floated at 210 pence per share, at the bottom of its 210 – 262 pence range announced earlier this month, giving [...]
Parcel delivery service Yodel to create 7,000 jobs ahead of Black Friday 2015 and Christmas period October 13, 2015 Parcel carrier business Yodel today announced that it is to create 7,000 jobs across the UK, including 776 in London, ahead of the busy Christmas period. While the roles are seasonal positions for the peak period, the firm said many of the positions are expected to become permanent due to a number of new retailers joining [...]