Devolution will give London the powers it needs to thrive December 19, 2024 The government’s plans for a new era of devolution means three things for London, all of which have the potential for the better and for good, says Sadiq Khan When the late, great John Prescott outlined his vision for a Mayor to lead our capital, he said it would “provide a choice and a voice [...]
Was 2024 the year of the stockpicker? Nope. December 18, 2024 Every year, asset managers claim that this year is the year of the stockpicker. At the start of 2024, Bank of America claimed that “active funds will have greater odds of selecting winners in 2024”. “We expect more idiosyncratic opportunities next year given elevated valuation dispersion and increased public market inefficiencies, which should create a [...]
National World: Yorkshire Post and The Scotsman owner agrees £65m takeover December 18, 2024 Shareholders in National World, the media group whose titles include Yorkshire Post and The Scotsman, are set for a bumper pay day as a takeover deal which values it at over £65m was agreed. Irish media group Media Concierge, which currently holds a 26 per cent stake in National World, first tabled an offer worth [...]
Former NBA owner invests in $100m women’s football multi-club group December 18, 2024 The move will see World Cup and Olympic gold winning former US women’s international Lauren Holiday join the board of Mercury/13.
Tortoise Media acquires Observer newspaper as deal finalised December 18, 2024 The Observer newspaper’s sale to Tortoise Media has been confirmed after a deal was signed by The Scott Trust and Guardian Media Group (GMG). James Harding will take on the role of editor-in-chief while Lucy Rock has been appointed editor (print), the first woman to oversee the newspaper in 100 years. The Observer is being [...]
London rents rise again as house prices hold: ‘It is nothing short of brutal’ December 18, 2024 Rents in London have continued to show double-digits rises despite a stablisation in the housing market and lower mortgage rates. Average UK private rents increased by 9.1 per cent in the 12 months to November 2024, with rents in London up 11.6 per cent, according to the latest ONS figures. Propertymark chief Nathan Emerson called [...]
Why Canary Wharf has just topped the list of UK retail destinations December 18, 2024 The phrase ‘London retail’ tends to conjure up images of crowds on Oxford Street, boutiques in Marylebone or Chelsea, maybe a Westfield. Green Street, however, has just rated Canary Wharf as the number one retail destination in not only London, but the UK as a whole. Canary Wharf is certainly having a good year: In [...]
Dragon looks a Force to be reckoned with on Sha Tin dirt December 17, 2024 HONG Kong city track Happy Valley loses its regular mid-week slot to Sha Tin today, when the premier course hosts an eight-race programme on the all-weather surface. Normally at this time of the year would-be experts and bettors are looking to find a galloper who could work the oracle and get their turkey money in [...]
Lack of bids keeps 17,000 homes stuck in development purgatory December 17, 2024 Around 17,000 affordable homes are stuck in development purgatory due to a lack of demand from housing providers, according to new research. Under the English planning system, housing developments must set aside a proportion of the site for affordable housing via a Section 106 deal. These Section 106 houses have become an increasingly important mechanism [...]
The intersection between the capital markets and the insurance industry December 17, 2024 Insurance is part of the DNA of global capitalism, but due to concerns around complexity and liquidity, the market has historically struggled to attract the capital needed for growth. Aon’s Capital Advisory division works with insurance clients to enhance return on capital by matching risk with capital to make better business decisions. It’s been built [...]