London hotel investment expected to boom in 2021 as vaccine roll-out whets investor appetite January 8, 2021 Investor appetite for central London hotel assets is expected to boom in 2021 due to the roll-out of Covid-19 vaccines, strengthened by opportunities presented by the pandemic and Brexit. Analysis by estate agent chain Knight Frank predicted strong demand for hotel investment this year once the pandemic eases and borders and airways reopen, with the sector [...]
MPs urge Rishi Sunak to save music festivals amid threat of collapse January 7, 2021 MPs have urged chancellor Rishi Sunak to roll out emergency support for music festivals this summer, warning many events are at risk of permanent collapse. In a letter today the Department of Digital, Culture, Media and Sport (DCMS) committee asked the chancellor to launch a government-backed insurance scheme to ensure festivals and live music events [...]
FRC: Deloitte allowed Autonomy to ‘present misleading financial position’ January 6, 2021 Deloitte’s audit of scandal-hit UK software firm Autonomy allowed the company to “present a misleading picture of its financial position”, the City watchdog said this morning. The Financial Reporting Council investigated the actions of Deloitte and former partners Richard Knights and Nigel Mercer in relation to their audits of the disgraced tech company’s accounts. Autonomy [...]
AIM higher: IPOs help junior index rally in 2020 January 5, 2021 Faced with a turbulent year, London’s AIM market ended the year higher after a rise in its healthcare and energy stocks and a slew of listings. The junior exchange rallied 21 per cent in 2020, closing at 1,157.04 by the end of the year. The FTSE 100 by contrast ended down 14 per cent on [...]
Former Tesco chief Dave Lewis amongst New Year’s Honours December 31, 2020 Former Tesco boss Dave Lewis has been knighted in the New Year’s Honours List, alongside a number of business figures given gongs. Ocado boss Melanie Smith receives a CBE in recognition of her firm’s upscaling during the lockdown pandemic, and Co-op retail chief Joanne Whitfield receives the same honour. Read more: Retail wonks expect a [...]
Find out which fine wines to invest in December 29, 2020 Being able to blend your passion with solid investment options is a rare and precious circumstance — wine gives just such an opportunity. Moncharm Wine Traders was founded in 2010 as a bespoke fine wine merchant with the aim of connecting wine collectors and investors to the most sought-after brands and vintages in the wine [...]
Make fine whisky your next big investment December 29, 2020 Whisky is so much more than an enjoyable drink. From an investment perspective, the popularity of whisky continues to make it a healthy proposition. According to the Knight Frank Luxury Investment Index 2020, rare whisky has given returns of 586% over the past decade. As a hedge against inflation and an accepted store of wealth, [...]
Get help with investing in blue-chip art December 29, 2020 The fine art market is worth more than £55bn1 and has shown average performance of 141% over the past 10 years2. Adding fine art to your investment portfolio has never been simpler and individual investors can get started from only £10,000. Johan Nelson is an innovative art gallery based in London. The team supports retail [...]
Major League Cricket: Silicon Valley and Bollywood’s grand plan to make America fall in love with T20 December 23, 2020 People don’t tend to associate the game of cricket with the United States. The world’s second most popular sport has an estimated global following of 2.5bn, yet has struggled to attract an audience in the US, where American football, baseball, and basketball dominate the live sport broadcasting schedule. But a group of investors that includes [...]
Central London’s luxury property dips on Brexit uncertainty December 22, 2020 The allure of luxury property in central London has waned this year amid Brexit uncertainty and weaker demand. With Brexit reaching an impasse ahead of the end of the transition period, the annual price change in prime central and prime outer London properties grew to its widest this month. Average prices in prime central London [...]