Topshop billionaire Sir Philip Green slammed over potential pensions row as US investor backs out April 10, 2019 Sir Philip Green’s troubles escalated this morning as an influential parliamentary chair hit out at the billionaire tycoon and news emerged of a top US backer pulling out of his retail empire. The Topshop owner has been accused of being up to “old tricks again” by Frank Field, chair of the Work and Pensions Select [...]
Warner Bros files copyright complaint against Trump’s Dark Knight Rises re-election tweet April 10, 2019 Warner Brothers is taking legal action against US President Donald Trump after he posted a video on Twitter that used music from The Dark Knight Rises. Read more: Mueller report to be released 'within a week' Trump yesterday posted the two-minute promotional video, seemingly as part of his 2020 re-election campaign, accompanied by the caption “MAKE [...]
KPMG examining audit spin-off in wake of damning report from MPs April 8, 2019 Big Four accounting firm KPMG is reportedly planning an overhaul of its UK business in the wake of political pressure and a wave of scandals. KPMG could split its UK audit practice from its wider UK business, The Times reported. Read more: MPs call for full breakup of audit’s Big Four in wake of scandals [...]
Professional services firm BDO plots out break-up plan April 7, 2019 Accountancy and professional services firm BDO is plotting out how it will carve off its auditing arm from the rest of its UK business, following a withering report from MPs on the embattled sector. BDO's head of audit Scott Knight said the firm had run through a range of scenarios in response to the report from the [...]
Dorchester boycott: Angel investors retreat from Park Lane dinner after Brunei’s anti-LGBT laws April 4, 2019 A top UK angel investor group backed down over plans to hold its annual bash at The Dorchester late tonight amid a growing boycott against a set of luxury hotels owned by the Sultan of Brunei. Read more: Property events moved away from Brunei-owned hotels amid boycott The UK Business Angels Associations (UKBAA) raised eyebrows [...]
Why student housing is a first-class honours investment April 4, 2019 When it comes to the UK property market, an investment in knowledge clearly pays off. High yields, low risk, and fast returns are just a few of the reasons reasons luxury student housing has become the new essential in any high-net-worth individuals’ investment portfolio. While many of the UK’s older generation will reminisce of sub-standard [...]
City Moves for 28 March – who’s switching jobs at Knight Frank, Clifford Chance and Newgate? March 28, 2019 Who’s on the move today? Knight Frank Knight Frank has bolstered its commercial research team with the appointment of Victoria Ormond as partner. She will lead the capital markets research team, working alongside the global capital markets teams to produce insight, commentary and analysis. With 15 years’ experience in commercial real estate, Victoria joins from [...]
Focus On Bow: Young professionals are changing the landscape of Bow, but upsizing proves costly March 22, 2019 Few areas in London have seen demographic change like east London, but even within the East End, Bow has changed a lot in recent years. “There is a definite shift taking place, highlighted by the arrival of a number of independent coffee shops, wine bars and restaurants over the past 18 months or so,” said [...]
Property of the Week: This Shoreditch penthouse has south-facing City views and is next door to some serious barbecue March 22, 2019 The City of London isn’t known for being a residential hotspot, so you’re most likely to find the penthouse of your dreams on the fringes. Avant-Garde Tower, Shoreditch, £2.4m This three bedroom apartment, however, is so close to the Square Mile – yet with a cooler-than-thou E1 postcode – that you can walk to Liverpool [...]
City Moves for 22 March – who’s switching jobs at Rabobank, Legal & General and Exterion Media? March 22, 2019 Who’s on the move? Rabobank Rabobank, the global food, beverage and agribusiness bank, has appointed Thomas Levin as senior coverage banker in its global corporate clients team, based in London. Thomas brings more than 13 years of experience in corporate and investment banking. He joins from Mizuho Bank where he was responsible for originating M&A [...]