Budget 2015: Reactions to the chancellor’s statement March 18, 2015 THE BUSINESS GROUP Confederation of British Industry director generalJohn Cridland The Budget provides a clear plan for fiscal health and growth and will help businesses create jobs. “Stability and consistency are what businesses need to grow and prosper. This Budget sets the tone, providing a clear plan for fiscal health and growth. [...]
House prices near Crossrail stations have risen as much as 82 per cent since it was announced March 18, 2015 House prices within a 10 minute walk of Bond Street station have risen 82 per cent since Crossrail was first announced in 2008, a report published this morning suggested – almost twice the 43 per cent rise experienced in the wider area. Bond Street isn't the only over-performing Crossrail site, though: according to Knight Frank's [...]
Global house prices suffer first quarterly decline in two years March 16, 2015 Global house prices have suffered their first quarterly decline in more than two years, figures out yesterday show, as tensions between Greece and the Eurozone and weaker growth prospects in China weighed on consumer sentiment. Knight Frank’s Global House Price Index, which is weighted according to each country’s GDP, fell by 0.6 per cent in [...]
The other Alexander McQueen exhibition: Can’t get in to Savage Beauty? Try Showstudio March 16, 2015 A week after Savage Beauty opened, a smaller show gives us McQueen at his edgy best. Rumours are rife that it’s impossible to get a ticket to Savage Beauty, the Alexander McQueen exhibition at the Victoria and Albert Museum. That’s not true – turn up on a week day before work and you’re likely to [...]
Stunning snaps go underground March 12, 2015 THERE are only six months to go until 24-hour Tubes become a reality, and Westminster station is exhibiting lovely photographs by the likes of Sam Taylor Johnson, Nick Knight, Juergen Teller and Rankin until 12 April, to celebrate the capital’s rich cultural heritage.
Nightcrawlers: Transport for London launches Free the Night photography exhibition to celebrate 24-hour Tube services March 12, 2015 Transport for London is almost as excited about the Tube going 24-hours as we are. Ahead of the launch – which is still six months away – TfL has put on a photography exhibition at Westminster station that celebrates London's nightlife. Delivered in partnership with Annin Arts Gallery, the exhibition features 24 large [...]
Charles Stanley closes in on deal to offload its securities division March 10, 2015 CITY broker and wealth manager Charles Stanley yesterday confirmed it was in exclusive talks with a suitor to sell its securities business. Responding to a report by Sky News that Oriel Securities owner Stifel Financial was the potential buyer, the group confirmed it was in talks, but did not name the potential acquirer. Sky News [...]
London is the world’s millionaire playground – but New York is about to knock it off the top spot March 6, 2015 London's about to be usurped by New York as a millionaire's playground, according to a new report by Knight Frank. Ultra-high net worth individuals – those with more than $30m (£20m) in assets – are being enticed to the Big Apple by a more attractive tax regime and a more stable economy. In 10 years' [...]
Knight Frank Wealth Report 2015: Which is the world’s hottest luxury property market? March 5, 2015 The world's richest individuals are piling into properties in the world's most expensive cities, pushing up prices of luxury homes. The value of luxury residential property across the world rose by an average of about two per cent last year, based on prices in the 100 locations covered by Knight Frank's Prime International Residential Index [...]
London’s safe haven status at risk as election uncertainty and mansion tax threat deter super-rich March 4, 2015 Political uncertainty and the threat of a potential mansion tax on £2m-plus homes is threatening London’s status as the top destination for the world’s super-rich, property consultancy Knight Frank warned. The firm’s annual Wealth Report released today shows London was home to 4,364 ultra high net worth individuals (UHNWIs) – those with $30m (£19.65m) in [...]