How technology is transforming and unlocking real-estate asset classes April 27, 2022 The line between technology and real estate is blurring, bringing new opportunities and asset classes, particularly in residential, office and biotech, says Samantha Kempe, co-founder and chief investment officer of IMMO Capital. The sheer size of the real estate sector – the global figure reached a record $326.5 trillion (about £251.1 trillion) in 2021, according [...]
Zoom stock hits pre-pandemic level as pandemic glow vanishes April 27, 2022 Zoom’s share price has hit February 2020 levels in a sign that the pandemic may be truly over in the Western world. The tech stock jumped around 360 per cent over the course of 2020, and everyone across the world seemed to be glued to a software that was relatively unknown the year before. Fast [...]
Lloyds warns of looming defaults on cost of living shock April 27, 2022 The cost of living shock that is rippling throughout household finances is increasing the chances of borrowers defaulting on their debts, Britain’s biggest mortgage lender warned today. Worsening economic conditions triggered by inflation scaling to 30-year highs is likely to lead to greater financial distress among Brits, Lloyds Bank said today. The bleak assessment touches [...]
Landmark year: GSK beats quarterly expectations as it plans consumer healthcare spin off April 27, 2022 Healthcare giant GlaxoSmithKline has reiterated its growth outlook after posting first quarter sales of £9.8bn, surpassing analysts’ expectations. The pharmaceutical firm said it anticipated it would deliver sales growth in 2022 of between five to seven per cent at CER and growth of adjusted operating profit of between 12 to 14 per cent at CER. [...]
Johnson threatens to ‘privatise the arse’ off Passport Office and DVLA April 26, 2022 Boris Johnson has threatened to “privatise the arse” off the Passport Office, Driver and Vehicle Licensing Agency (DVLA) and other under-performing public bodies. The Prime Minister told cabinet colleagues that he wanted to end the “post-Covid mañana culture” among arms-length public bodies, which now have huge backlogs, by increasing scrutiny. Senior government sources also say [...]
Police name four victims of Southwark stabbing April 26, 2022 Police have named the four victims killed in a South London stabbing on Monday. Denton Burke, 58 and his partner Dolet Hill, 64, were stabbed to death at their home in Delaford Road Southwark, in the early hours of yesterday morning. The force also announced victims as Tanysha (Rachquel) Ofori-Akuffo, 45, who is Dolet Hill’s [...]
Pandemic passport chaos: Millions put summer plans on hold amid ‘virtually unprecedented’ backlog to meet post-Brexit target April 26, 2022 A “virtually unprecedented” surge in applications for passports after the pandemic has put millions of people’s summer holiday plans in the balance. The country has been urged to get new applications in as “quickly as possible” to meet post-Brexit rules about passport validation, requiring at least three months remaining before being able to renew. This [...]
Death of the office? Don’t tell City businesses as leases shoot up in the first quarter April 26, 2022 London’s office market looks fitter and healthier than ever before, according to the two of the UK’s largest property firms, despite the lures of working from home. Take up of office leases in central London shot up 89 per cent year-on-year in the first quarter, CBRE data shared exclusively with City A.M. revealed. City firms [...]
Former aide to Cameron fights to keep co-working firm afloat with emergency cash April 25, 2022 One of David Cameron’s former aides is fighting to keep his shared office firm Second Home afloat as he rushes to secure £6m of emergency funding from investors.
Post Office under fire for stalling Horizon payouts for victims April 25, 2022 The Post Office have been accused of stalling Horizon scandal payouts after the criminal convictions of 72 postmasters were overturned.