The worst is over? Pent-up demand helps stabilise London’s super prime property market after double-digit declines May 29, 2018 Pent-up demand has helped stabilise London's super-prime property market – but that still hasn't stopped parts of the capital experiencing double-digit declines. Chelsea has endured the steepest drops in prices of £10m-plus homes according to Knight Frank, down 15.5 per cent between August 2015, when the market peaked, and March this year. But there are [...]
Property prices in Croydon, who is buy and more May 25, 2018 There was a time when Croydon was famous for three things; Kate Moss, trams and Mark and Jez’s dingy flat in Peep Show. Thankfully, its reputation – and its housing stock – have improved since then and it’s now notable for a whole host of other reasons. “In recent years, Croydon has seen a reversal [...]
Property of the Week: Isle House in the Docklands is a detached period home with gardens and rivers views – but you can walk to work May 11, 2018 Anyone house hunting around Canary Wharf won’t find many, well, houses. Residences within walking distance of the financial district tend to be sky-high apartments nestled in shiny glass towers. That’s what makes this detached, Grade II Listed house in Coldharbour such a rarity. With its own gardens backing on to the Thames, it’s closer to [...]
What’s ticking? News from the bleeding edge of haute horologie, from Tom Hardy at Bremont to the new Panerai boutique May 1, 2018 Breitling drops its wings The professional pilot’s favourite watchmaker is undergoing a sky-to-ground shake-up right now, at the experienced hands of ex-IWC CEO, Georges Kern. For a start, he’s shifting the venerable chronograph brand’s main focus away from the air, controversially dropping the wings logo from all dials and ranking ‘land’ and ‘sea’ sectors equally. [...]
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 [...]