Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
As politicians argue over the EU, the City is poised and ready to trade with the world September 9, 2019 It has now been more than 1,150 days since the referendum on the UK’s membership of the European Union. Many in the Square Mile have understandably found this period of such prolonged uncertainty frustrating. While there have been many twists and turns in Westminster over the past week, it remains far from clear what will [...]
The special relationship should be celebrated September 6, 2019 Amid all the division and uncertainty of our current political challenges, one thing has remained constant: London’s standing as a beacon of international commerce. Money, people and ideas from all over the world continue to arrive and thrive in our capital city in much the same way as they have done so for hundreds of [...]
Marshalls paves the way for fresh buyouts as sales surge August 15, 2019 Marshalls, the paving company which supplied flooring for landmarks including Trafalgar Square and Bond Street, enjoyed a jump in sales of more than one-sixth in the first half of the year, despite Brexit uncertainty hampering the construction industry. Shares rose 0.8 per cent today as the firm said it had outperformed the rest of the [...]
The EU should not underestimate the City’s status August 8, 2019 Just how much is a reputation worth? As the UK prepares to leave the EU, status could be key for the City. A report published today by the Central Bank of Ireland found that even in the worst Brexit scenario, London will remain a leading global financial centre – and the biggest in Europe. The [...]
Sterling resumes fall as Brexit debate takes bizarre turn August 7, 2019 Sterling has resumed its fall against the dollar on no-deal Brexit fears as the Queen was dragged into the acrimonious debate about Britain crashing out of the European Union. Read more: Dominic Cummings squares off over Dominic Grieve’s Brexit threat The pound had fallen 0.2 per cent against the dollar by 12.50pm UK time to [...]
Focus on London Fields: The attractive Hackney suburb buyers don’t want to leave August 2, 2019 Homeowners who bet on London Fields 20 years ago are some of the canniest in the capital. Then, homes in the leafy-for-Hackney neighbourhood were worth 17 per cent more than the London average, according to Hamptons International – but today that has jumped to a huge 52 per cent, translating to £240,000. “Once an unloved [...]
The bigger they come: The amazing story of Wentworth Woodhouse, the largest home in England July 24, 2019 You’ve heard of Chatsworth, and Castle Howard, that Brideshead dream. You’ve heard of Blenheim Palace, the Duke of Marlborough’s monumental home. But what about Wentworth Woodhouse, the biggest house in England? Wentworth Woodhouse, the former seat of the Earls Fitzwilliam, could have been a house lost to history. Five miles from Rotherham, it sits in [...]
New homes: Our pick of the new builds going on sale in London this weekend July 19, 2019 Grand Union, Alperton From £350,000 for a studio Homes are now available to buy at Grand Union, the major regeneration project being undertaken by St George, which has seen the developer open up a previously inaccesible section of the Grand Union Canal. The development in Alperton will comprise 3,000 studio, one, two and three-bedroom homes, [...]
Ursula von der Leyen: What kind of EU leader can the UK expect? July 17, 2019 After months of deliberation, the EU parliament has now elected a new successor to Jean-Claude Juncker, the larger than life head of the EU Commission who has been navigating Brexit’s choppy waters since 2016. Ursula von der Leyen, a former German defence minister and key ally of Angela Merkel, will soon lead the Brexit negotiations [...]