Rightmove: Cheapest boroughs fuel 11 per cent rise in London house prices as one agent warns it now takes 46 years to save for a deposit March 21, 2016 London house prices have climbed 11 per cent over the last 12 months, with the cheapest boroughs rising at the most rapid rate. The fastest growth was in Barking and Dagenham, according to the data published today by property website Rightmove. Asking prices in the borough, the capital’s cheapest, are 23.5 per cent higher this [...]
Twitter 10-year birthday: A short history of Twitter and where is right now at 10 March 20, 2016 There have been uprisings (the Arab Spring), numerous faux pas (hello Ed Balls), and global events (World Cup anyone?) experienced together, but it was only 10 years ago when Jack Dorsey, Twitter co-founder and current chief executive, published the first ever tweet that changed the way we communicate – "Just setting up my Twttr". Since [...]
City Moves for 18 March 2016 | Who’s switching jobs March 18, 2016 Traidcraft Traidcraft, which fights poverty through trade, has appointed Robin Roth as its new chief executive. Robin will take up the post on 1 October 2016 after he leaves his role as managing director of Germany-based Gepa, Europe’s largest fair trade company. Andy Biggs, Traidcraft’s interim chief executive, will remain with the organisation as chief [...]
Focus On Canning Town: For affordability and an easy commute to Canary Wharf, the only way is E16 March 17, 2016 East London’s post-industrial landscape is rapidly disappearing in favour of quirky cultural venues, artfully rustic cafes and glassy residential towers. While the investment potential in Hackney and Tower Hamlets has been well-documented, other locations that are just as accessible have managed to slip under the radar. One of these is Canning Town, a part of [...]
London’s Air Ambulance lands on College Green in Parliament Square after bus collision injures woman cyclist March 17, 2016 London's air ambulance has been called to Parliament Square after a serious collision involving a bus occurred during rush hour this morning. Witnesses posted pictures of the emergency responders arriving at the scene, with the helicopter landing on College Green, outside the Houses of Parliament. Serious incident in #ParliamentSquare pic.twitter.com/5Ui61RwMAo — Martin Paige (@MysticMartin) March 17, 2016 [...]
Buy-to-let tax changes: A perfect storm for landlords and tenants March 11, 2016 Upcoming tax changes have ignited debate about the role private landlords should play in meeting the UK’s housing needs. Focus has fallen on buy-to-let but, as the Institute for Fiscal Studies, among others, has noted, landlords are taxed much less favourably than home owners. Following last year’s Autumn Statement, which outlined plans for an additional [...]
The world’s largest sovereign wealth fund had its worst year since 2011 last year, but managed to avoid negative returns March 9, 2016 The Norwegian Sovereign Wealth Fund has returned 2.7 per cent on its investments in 2015 thanks to a rally in equities late in the year. The low oil price and slowing emerging markets dragged on returns however, meaning the world’s largest sovereign wealth fund recorded its weakest performance since 2011. The oil fund, managed by [...]
G4S’s share price plummets as turnaround weighed down by surge in asylum seekers March 9, 2016 G4S' share price fell this morning after posting a drop in full year revenues and profit, after the outsourcer everyone loves to hate revealed restructuring costs and write-downs on onerous contracts relating to asylum seekers, as well as soaring debt. The figures Revenues on an actual basis fell 3.7 per cent from £6.89bn to £6.86bn in 2015, while profit [...]
Woodford backed telecoms vehicle poaches Goldman banker as it posts maiden dividend March 9, 2016 Telecoms takeover vehicle Zegona, set up last year by two former Virgin Media executives and backed by investor Neil Woodford, has poached Goldman Sachs banker Menno Kremer to grow its business across Europe. The ex-Virgin pair, former chief financial officer Eamonn O’Hare and ex-chief operating officer Robert Samuelson, tempted Kremer away from the bank with promises [...]
I See You review: A tense exploration of identity, race and language in post-apartheid South Africa March 8, 2016 Royal Court | ★★★☆☆ Language is all tangled up in history and identity, a thick linguistic rope wound tight around an ancestral flagpole. Set in post-apartheid South Africa, I See You considers what happens when that rope breaks and a language is lost, and asks whether it’s what you speak, rather than what you say, [...]