DWF latest law firm to catch flotation bug with £1bn IPO June 15, 2018 International law firm DWF is the latest law firm to signal its intention to float on the London Stock Exchange with a sale that could raise up to £1bn. The Times first reported that the firm was mulling an Initial Public Offering (IPO). It was later confirmed by the firm in a statement on its [...]
UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for "trophy buildings" in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
UBS London HQ is sold for £1bn as Asian investment in London real estate rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for “trophy buildings” in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
Testing times: Trading systems are out of sync with new regulations June 14, 2018 No one likes to talk about the IT infrastructure challenges at a bank – it would be a long conversation and largely focused on the amount of work to do. But with new regulations that have come into force this year, firms cannot afford to be unclear about what applications they have, where they are [...]
Ranked: London boroughs where the most homes were sold last year June 11, 2018 The proportion of homes sold in London was lower than any other part of England and Wales last year, according to analysis of Land Registry data by property group Knight Frank. In total, 3.2 per cent of all private London residential properties were sold in 2017, well below the average of 4.1 per cent for [...]
Education secretary Damian Hinds issues ‘call to arms’ to involve businesses in the running of schools June 9, 2018 Education secretary Damian Hinds will issue a “call to arms” for school governors and trustees, urging leading businesses and skilled professionals to support schools and education. In a keynote speech to the National Governance Association conference today, Hinds will call upon leading employers to “play their part in helping the next generation to thrive”. The [...]
London house prices expected to fall by one per cent this year as Brexit uncertainty hampers demand, finds Reuters poll June 6, 2018 London house prices are expected to fall this year as Brexit hampers demand, according to a Reuters poll of housing market specialists. Property prices in the capital are forecast to fall by an average of one per cent this year, which would mark the first annual dip in nearly 10 years, according to the poll [...]
Samsung selling Commerzbank’s £425m London HQ near Bank of England June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany’s Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Samsung selling Commerzbank’s £425m London HQ June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany's Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Law firm Knights gunning for largest-ever law firm flotation June 3, 2018 Law firm Knights is set to announce its intention to float on the London Stock Exchange tomorrow in what will be the largest law firm flotation so far. The June initial public offering (IPO) is expected to value the business in excess of £100m, outstripping Gateley, the first English firm to go public in 2015, [...]