What the other papers say this morning – 29 May 2014 May 28, 2014 FINANCIAL TIMES Performance comparison made easy Investors will find it easier to compare the performance of companies around the world following the culmination of a 12-year project to bring together US and international revenue reporting. Accounting regulators in the US and Europe on Wednesday published a joint standard on how companies report revenue from contracts [...]
Hotels converted into townhouses in west London April 24, 2014 Michael Jackson’s favourite London hotel has been revived as The Hempel Collection TWO HOTELS that were worlds apart in style, concept and clientele have been brought together under one roof as part of a period conversion in west London. The Hempel Collection, a luxury development of 12 apartments and three bespoke townhouses in Bayswater, bears [...]
The deals that show how fast London’s office rent race is speeding up April 15, 2014 Competition is hotting up in the London office market, with space under offer now at its highest level since 2000, thanks to companies, who had previously shelved plans to move, kick-starting their search for new locations in the capital. Just over 4.1m square feet of space was under offer at the end of March this [...]
Renminbi trading in London to be cleared by early next week March 26, 2014 AUTHORITIES from the UK and China will sign an agreement next Monday to allow investors in London to clear and settle the Asian giant’s currency. The deal paves the way for London to establish itself as the prime location for renminbi trading in Europe. Both countries’ central banks – the Bank of England and the People’s [...]
Sales from the riverbank February 27, 2014 The future landmarks set to transform London’s river and make living Thameside even cooler LONDON is finally starting to follow the example of its European neighbours by making the most of its meandering river. Luxury developments are beginning to pop up all along the riverbank, proving that the place to be seen in the next [...]
Telecity slumps as 2014 forecast fails to inspire February 12, 2014 BRITISH data centre operator Telecity has forecast weaker than expected revenue growth this year, sending its shares down more than 10 per cent to a two-year low. The company, which targets the top end of the market from prime city-centre locations, said yesterday that demand from sectors such as e-retail and video streaming services remained [...]
Warnings that London property is over-priced as investors battle for assets January 16, 2014 The war is on to get hold of the best property assets in London and for many investors that means moving up the risk curve and taking on more development projects than before, according to research by PwC and the Urban Land Institute. The survey of 500 property professionals revealed that 71 per cent of [...]
London’s west end tops list of pricey offices December 18, 2013 LONDON’S west end has unseated Hong Kong Central as the world’s most expensive office market, regaining the top spot it lost three years ago. The cost of renting an office in the west end has shot up by 14.3 per cent in the past year to $259.36 per square feet, driven by a squeeze in [...]
Bottom Line: Firms are willing to pay again to be in the middle of the action December 18, 2013 LONDON has always had its sector specific hotspots. Broadly speaking, those looking for underwriting advice should use the Gherkin as their marker, while tech geeks sat-nav their way to Silicon Roundabout and hedgies head for Mayfair. The grand old townhouses of the St James and its surrounds are a natural home for these discreet financiers, [...]
Heathrow protests gather pace over expansion plan December 15, 2013 PROTESTERS against a third runway at Heathrow airport are braced for action as transport secretary Patrick McLoughlin yesterday refused to rule out plans to expand the site. The government-backed Airports Commission, chaired by Sir Howard Davies, is publishing an interim report tomorrow that will provide a shortlist of locations for new runways, with a final [...]