Netflix to sell a further $2bn in bonds as it builds up war chest October 21, 2019 Netflix has announced plans to sell roughly $2bn (£1.5bn) worth of bonds as it launches a final push for cash before the onslaught of new streaming rivals. The on-demand video giant said it will issue the bonds in both euros and dollars and will negotiate terms such as interest rate and maturity date with buyers. [...]
New builds: Homes on the market in London this week, from a former modernist office in Croydon to luxury flats in Mayfair October 18, 2019 Brunel Street Works, Canning Town From £375,000 for a one-bed Brunel Street Works, a 975-home development in Canning Town, is being launched by Linden Homes this weekend. The one, two and three-bed apartments are part of a wider regeneration project which will also bring new shops, workspace and a hotel to the area. Residents will [...]
London Stock Exchange third quarter income climbs as CFO set to retire October 18, 2019 London Stock Exchange today posted robust gains in its third quarter for its first set of results since rejecting a hostile £32bn takeover bid from Hong Kong. Total income climbed 12 per cent year on year to £587m in the three months to the end of September. Read more: Why Hong Kong’s bid for the [...]
TfL boss Mike Brown to resign in May October 17, 2019 Transport for London (TfL) boss Mike Brown is set to resign after four years in the post. TfL announced today the transport commissioner will be leaving the job after next year’s mayoral election in May. Read more: Mike Brown hits out at ‘bonkers’ TfL borrowing limits He will then become the first chair for the [...]
London Assembly makes way for police watchdog on Boris Johnson and Jennifer Arcuri inquiry October 16, 2019 Two Greater London Authority inquiries into conflict of interest claims against Boris Johnson have been put on hold after fears it could prejudice a police watchdog investigation. The London Assembly’s Oversight Committee has been investigating Johnson’s links to American businesswoman Jennifer Arcuri while he was mayor. Read more: Boris Johnson stays mum on Arcuri conflict [...]
Housing market ‘in limbo’ as London house prices drop 1.4 per cent October 16, 2019 London house prices booked a steep 1.4 per cent annual drop in August as UK house prices grew at a lower level than last year, according to the latest data. While UK house prices posted annual growth of 1.3 per cent to beat that of 0.8 per cent in July, growth dipped below last year’s [...]
Bank of England’s Mark Carney defends move not to publish governor shortlist October 15, 2019 Bank of England governor Mark Carney has defended the application process to lead the central bank and suggested that too much transparency would discourage people from applying. Carney is due to step down in January and MPs and pressure groups have called on chancellor Sajid Javid to publish the short list of candidates to allow [...]
UK recession fears ease as quarterly GDP growth beats Brexit concerns October 10, 2019 Fears of a Brexit-fuelled UK recession in the immediate future have eased, despite Britain’s economy shrinking 0.1 per cent in August. That is because Britain’s estimated GDP grew 0.3 per cent in the last three months, according to Office for National Statistics monthly data. Read more: New IMF chief Kristalina Georgieva says trade wars to [...]
Is Brexit making Britain a bargain for foreign investors? October 9, 2019 The pound has been one of the biggest casualties of Brexit so far. Sterling has lost around 10 per cent of its value against the US dollar and the euro since the UK voted to leave the EU in June 2016 and shed 5 per cent versus the yen. It has lost over 16 per [...]
Sorrell’s S4 Capital buys Silicon Valley agency Firewood for $150m as digital drive deepens October 8, 2019 Sir Martin Sorrell’s S4 Capital has bought digital marketing agency Firewood for $150m (£122.5m) as the ad veteran gears up for a further wave of acquisitions amid an aggressive growth strategy. Firewood, which is Silicon Valley’s largest independent agency, will merge with S4’s digital content division Mediamonks. Read more: S4 Capital sees earnings slip amid [...]