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 [...]
MPs’ recess shows how little dialogue goes on normally – and we’re all the poorer for it February 16, 2018 Parliament was on one of its many breaks this week, although some news still emerged from a sleepy Westminster. Boris Johnson popped up to provide some light relief and a smidgen of Brexit policy hints, while Jeremy Corbyn was the subject of two high profile stories – an expose of his historical Soviet connections and [...]
Property of the Week: The former Johnson family home has been done up and is now on the market for £11.25m February 1, 2018 Looking for a home that’s fit for a foreign secretary? This five storey Victorian townhouse on Regent’s Park Road was the childhood home of Boris, Rachel and a whole host of Johnsons, including jungle-botherer and father of the thatched brood, Stanley. 60 Regent's Park Road, Primrose Hill, £11.25m Legend has it that he lived in [...]
Sorry, homeowners: London is now officially a “buyer’s market” January 30, 2018 London’s housing market is at a critical point, new figures have revealed, with heavy discounting by homeowners desperate to sell their properties tipping the capital into a buyer’s market. The average home in London is now sold at four per cent below its original asking price, up from just 0.5 per cent in 2014, the [...]
Focus On Deptford: We delve into the housing market in the Help to Buy capital of London January 26, 2018 Since Help to Buy, the government’s equity scheme to help first time buyers on to the property ladder, was announced in 2013, it’s created thousands of new home owners. And nowhere has benefited more from this than Deptford. This once run down part of south east London is now the Help to Buy capital of [...]
More and more pets are taking to the skies to join us abroad, but what happens to our four-legged friends when they fly? January 25, 2018 Air travel, it’s easy to forget, is arcane magic. We strap ourselves into big metal tubes to be voluntarily catapulted thousands of feet into the sky, a place where there’s free sour cream and onion flavoured pretzels and tiny bottles of vodka, and where we’re furious when the wifi doesn’t work. It is only the [...]
Former Liberal Democrat leader and deputy prime minister Nick Clegg to be knighted in New Year Honours December 26, 2017 Former deputy prime minister and leader of the Liberal Democrats Nick Clegg will receive a knighthood in the New Year Honours, according to reports. The honour will be announced on Saturday, according to senior Lib Dem sources cited by the Daily Mail. Clegg, who led his party into coalition government with the Conservatives from 2010 [...]
City A.M.’s Devilishly Difficult 2017 Sports Quiz Part 1: The good and the bad of the sporting year December 21, 2017 It has been another vintage year of sporting drama, from the triumphs of Anthony Joshua and Lewis Hamilton to the disappointments of England’s failed Ashes defence and Usain Bolt’s anticlimactic farewell. But as the dust settles on 2017, how much have you remembered about those defining moments, or the storylines playing out off the field, [...]