Ukog: UK Oil and Gas share price falls despite extending planning permission for its Markwells Wood well license October 16, 2015 Shares in UK Gas and Oil (Ukog) fell five per cent to 1.35p per share in early afternoon trade, despite the company securing an extension to planning permission for its Markwells Wood well in West Sussex. Ukog said the South Downs National Park Authority had agreed to extend planning permission for the well site until the end of September 2016. The company is [...]
London’s skyscrapers have the highest rental growth in the world as low vacancy rates push commercial rates sky-high October 15, 2015 London’s skyscrapers are reaching for the sky in more ways than one, after it turned out the capital’s high rises have the highest rental growth in the world. Skyrocketing demand for office space in the UK capital is pushing commercial rents up, up, up: estate agent Knight Frank found in its Global Cities Report that [...]
Creative and tech firms fuel surge in rents north of London’s west end October 15, 2015 Technology and creative firms have sent rental prices rocketing across central London since the financial crisis, particularly in areas such as the north of Oxford Street and Euston where these firms have created hubs, according to new research out today by Knight Frank. Noho – which stands for North of Soho and encompasses the area [...]
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 [...]
Football fans cheered by ticket price deflation – but Arsenal fans pay most for tickets and Chelsea supporters enjoy cheap tea and pies October 14, 2015 Most football fans in Britain are paying the same as last season or less for match tickets this term, according to a new study. The BBC Sport Price of Football study, which collated prices for 700 tickets at 229 clubs across 13 UK leagues, found that the cost of admission had been frozen in 52 [...]
UK buyers snap up first 100 homes inside BBC Television Centre October 12, 2015 More than 100 homes inside the former BBC Television Centre in London’s White City have been snapped up after going on sale at a preview launch to UK buyers last month. The 14-acre BBC campus is being redeveloped into a new £1.5bn neighbourhood district to rival the West End with 350,000 sq ft of offices, a [...]
Biotech helps Dow leap more than 120 points – New York Report October 7, 2015 Arebound in biotechnology companies yesterday pushed the S&P 500 to its highest level in three weeks as US stocks ended higher after a volatile session. The Dow Jones industrial average rose 121.96 points, or 0.73 per cent, to 16,912.15, the S&P 500 gained 15.9 points, or 0.8 per cent, to 1,995.82 and the Nasdaq Composite [...]
The Docklands, Stratford and east City fringe are the last three areas in central London with office space under £40 per sq ft October 7, 2015 Companies hoping to fork out less than £40 per square feet for offices in central London may be disappointed, after new research shows there are only three areas left offering space at those prices. The Docklands, Stratford and east City fringe are the only three sub-markets in the capital offer Grade A office space at [...]
Jamaica reparations and chief executive pay: Two sides of the same rent seeking coin October 6, 2015 David Cameron’s visit to Jamaica last week led to vociferous demands for the UK to pay the Caribbean island billions of pounds in reparations for slavery. Most people here reacted with predictable eye-rolls and sighs. Slavery was abolished throughout the British Empire in 1833, nearly two centuries ago. Jamaica has been independent for over 50 [...]
West End poised for £2.5bn boost from Crossrail October 5, 2015 THE ARRIVAL of Crossrail is set to bring a £2.45bn boost to the West End by 2020 as thousands more visitors pour into central London, new research shows. The New West End Company (NWEC), which represents 600 businesses, said annual turnover for its retailers is predicted to hit £11.25bn just two years after completion of [...]