Property developer British Land agrees £401m sale of West End offices December 23, 2020 British Land has agreed the £401m sale of a 75 per cent stake in three buildings in the West End to Allianz Real Estate. The portfolio includes three buildings; 10 Portman Square, Marble Arch House and York House, all of which are in Marylebone. As a result of the sale British Land will form a [...]
From Industrialized Yield Farming to Hydroponics December 16, 2020 Over the course of 2020 the liquidity locked in decentralized finance (DeFi) protocols has grown in rapid fashion with use cases such as crypto-backed lending, decentralized exchanges (DEX’s) and insurance bringing the Total Value Locked (TVL) in DeFi to its current peak ~$15 billion with the majority of this capital existing on the Ethereum blockchain. [...]
JD Sports expands US footprint with purchase of Shoe Palace for $325m December 15, 2020 JD Sports has agreed to buy California-based sportswear brand Shoe Palace in an all-cash deal worth $325m (£243.7m), the company has announced. Genesis, the US owner of JD Sports, will acquire the 100 per cent of both Shoe Palace shares, plus members’ interests in youth-focused subsidiary Nice Kicks. Around $100m of the cash consideration, which [...]
Before the Bell: Deadlines come, and deadlines go December 14, 2020 Uncertainty over the prospect of a stimulus deal or economic aid package saw US markets finish last week on the back foot, as US politicians once again put party politics ahead of the people they are supposed to represent. “With a deadline fast approaching by year end US lawmakers are once again split down the [...]
Beyond Brexit, the EU is circling the drain December 14, 2020 The astronomer and prolific author Carl Sagan put it perfectly about the merits of analytical logic — what I often refer to as my superpower — when he said: “For me, it is far better to grasp the universe as it really is, rather than to persist in delusions, however satisfying and reassuring.” I am [...]
The week ahead, 14-18 December: Shaftesbury, SSP, Petrofac, and interest rates December 13, 2020 All eyes will be fixed firmly on Brussels this week, as businesses across the country hold their breath to see if the UK can finally reach a deal with the EU. With markets on edge as they await the outcome of the talks, there’s little to distract traders, with only a handful of firms reporting [...]
Goin’ underground: Tube journeys jump a third as lockdown ends December 3, 2020 The number of Tube journeys jumped a third yesterday compared to last week as the national lockdown restrictions were finally lifted. According to data from Transport for London (TfL), there were 2.64m taps in-and-out of Tube stations yesterday, 33 per cent higher than on the same day last week. That’s roughly a third of the [...]
Driving home for Christmas? Government puts road and rail works on ice December 3, 2020 The government will cancel planned roadworks and rail upgrades, and also lay on extra services, to ease people’s journeys over the Christmas period. With a large number of people expected to travel to visit relatives and friends over the holidays, ministers have put in place plans for a special travel window between 23 and 27 [...]
Central London footfall surges in Wild Wednesday shopping spree December 2, 2020 Footfall levels in central London surged today as shoppers and office workers returned to the capital after England’s second coronavirus lockdown came to an end. Central London reported a 91.1 per cent jump in visitors by 5pm, compared with the same day last week as the city entered Tier 2 coronavirus restrictions. Footfall remains down [...]
Where chefs plan to celebrate the end of lockdown 2 December 1, 2020 It has been a truly miserable month for foodies, who have had to rely on the new home delivery options from top restaurants to get their fix. As lockdown 2 nears its conclusion, we spoke to some of London’s top chefs to find out where they will be spending their first post-lockdown meal. Take some [...]