DEBATE: With Comcast and Fox bidding over Sky, does it matter that it will be owned by a US company? April 27, 2018 With Comcast and Fox bidding over Sky, does it matter that it will be owned by a US company? Alastair Benn, editor of Reaction Weekend, says YES. Pre-Murdoch, the British media was a pretty conservative, comfortable place. There was a recognisable journalistic culture derived from the close proximity of newsroom, editor’s office, and printing press [...]
Facebook CTO Mike Schroepfer grilled by UK MPs over data breach scandal April 26, 2018 Facebook’s chief technology officer Mike Schroepfer has faced tough questioning in parliament today over the social media giant’s handling of private user data. At a hearing before the Digital, Culture Media and Sport Committee this morning, Shroepfer was also confronted by MPs over Facebook’s role in disseminating misinformation or so-called ‘fake news.’ Facing a series [...]
Rosenblatt confirms it will be the fourth English law firm to go public April 23, 2018 City law firm Rosenblatt has confirmed that it plans to float in London next month, which will make it the fourth English law firm to go public. City A.M. exclusively revealed last month that the firm was considering a float and had appointed Cenkos Securities as a broker. Read more: Exclusive: City law firm Rosenblatt [...]
Amid world house price slump, Berlin tops global city growth ahead of London, Hong Kong and New York April 10, 2018 London is not alone in its recent housing price slump – according to new research, the phenomenon is global. The analysis, published today by property consulting group Knight Frank, shows that average global property prices increased by 4.5 per cent in 2017, down from seven per cent the year before. There is one city that [...]
After a bumpy end to 2017 what is the outlook for the London listing market in 2018? April 9, 2018 Nearly £3bn worth of initial public offerings (IPOs) were pulled in London at the end of last year. Deals that were announced but then failed to make it to market include debt collector Cabot Credit Management, professional services business TMF Group and phone mast company Arqiva. In the six months to December companies that had [...]
From vicars to City titans: Goldman Sachs, Shell and Barclays among names behind £550m Lloyds legal battle | City A.M. April 4, 2018 Today City A.M. reveals the varied and surprising names behind a massive £550m legal battle with Lloyds over its takeover of HBOS at the height of the financial crisis – and the cast includes major institutions, aristocrats, vicars and politicians. The groups, which includes institutions such as Goldman Sachs, Nomura Asset Management and pension funds [...]
Prime London property sale prices fall as rental values slump according to Knight Frank report April 3, 2018 Property prices in central London declined 1.1 per cent in the first two months of this year, while average annual rental values fell 1.5 per cent in March, according to the latest reports from property consultancy group Knight Frank. However, despite the downturn, the market seems to be stabilising amid political uncertainty. “While the market [...]
Interserve share price rockets almost 50 per cent | City A.M. March 8, 2018 Shares in troubled outsourcer Interserve today rocketed by almost 50 per cent. JP Morgan settled a string of equity swaps totalling almost six per cent of Interserve’s market value, according to a regulatory filing at lunchtime. The sharp rise in Interserve’s stock will raise hopes it is close to agreeing a rescue package with lenders. [...]
Interserve rescue plans boosted by white knight’s £140m debt trade | City A.M. March 4, 2018 A Scottish brewing tycoon has snapped up £140m of Interserve’s bank debt in a bid to save the troubled outsourcer. Multi-millionaire Punch Taverns founder Alan McIntosh has hoovered up debt on secondary markets from the likes of Barclays and Lloyds through family office investment fund Emerald Investment Partners. Keen to reduce their exposure to the [...]
These are the top development hotspots in London for 2018 February 19, 2018 House prices may have fallen in London last year, but there are still parts of the capital which have potential for developers. Knight Frank has analysed the parts of London which are likely to outperform the market in terms of price between 2018 and 2021, and have room for development. Read more: The risers and [...]