Rightmove profit grows as it doubles down on unpopular AI plans February 27, 2026 Rightmove has reported growing profit and revenue as it stood by AI plans which had proved divisive with investors. The UK’s top property portal reported profit before tax of £290m, up 12 per cent from last year, in its financial results for the year ended December 2025. The FTSE-100 listed firm recently launched a conversational [...]
UK media giants join forces to curb AI’s use of their journalism February 27, 2026 Sky News has teamed up with the BBC, the Financial Times, the Guardian and the Daily Telegraph to form a new coalition aimed at setting industry standards for how AI uses news content. The group, under the name the Standards for Publisher Usage Rights coalition (SPUR), has been launched in response to growing concern that [...]
Brits push down house prices to dodge mansion tax February 26, 2026 House sellers are already pushing sale values below £2m in a bid to avoid the coming “mansion tax” on expensive homes. The high-value council tax surcharge (HVCTS) is not due to be implemented until April 2028 but estate agents Hamptons have found Brits are already taking steps to avoid the levy. The “mansion tax” charge [...]
Lone Star Agrees to Acquire Central London Office Building February 26, 2026 Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Real Estate Fund VII, L.P. has reached an agreement to acquire 90 Whitfield Street in London, UK from Derwent London. The property, located in central London’s West End sub-market of Fitzrovia, is comprised of 107,000 total square-feet with 99,000 square-feet dedicated to [...]
CoStar Data Show Sharp London Office Yield Compression in 2025 February 26, 2026 Rising investor demand drove London office yields to their lowest level since 2023, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260226000995/en/ Based on a three-period trailing average, the transaction-based office yield [...]
Allianz Achieves Record Operating Profit of 17.4 Billion Euros – Excellent Start to New Strategic Cycle February 26, 2026 12M 2025 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225107874/en/ Excellent momentum and record operating profit Total business volume rises 8.11 percent and reaches 186.9 billion euros with contributions from all segments Operating profit increases 8.4 percent to 17.4 billion euros, our highest operating profit ever Shareholders’ core net income advances 10.9 [...]
On this day: The collapse of Barings Bank February 26, 2026 On 26 February 1995, 31 years ago today, Baring Bank, one of the City’s most venerable institutions, was declared insolvent after a massive fraud by one of its employees, Nick Leeson, recalls Eliot Wilson In the 1990s, following the wake of Big Bang and the influx of brash but wealthy, “Greed is good, greed is [...]
ViiV Healthcare presents pipeline data for two investigational HIV treatment therapies with potential for twice-yearly dosing February 25, 2026 VH184, the first, third‑generation integrase inhibitor in development shows potential for up to twice-yearly dosing intervals Additional in-vitro data on VH184 demonstrate improved potency and an enhanced resistance profile versus bictegravir VH499 demonstrates good tolerability, supporting twice-yearly dosing intervals
IGI Declares Extraordinary Cash Dividend February 25, 2026 International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has declared an extraordinary cash dividend of $1.15 per common share. The extraordinary dividend is payable on April 6, 2026 to shareholders of record at the close of business on March 18, 2026. About IGI: IGI is [...]
John Lewis blames high costs as it axes build-to-rent venture February 25, 2026 Retail giant John Lewis is to withdraw from its build-to-rent business in a shock U-turn on its diversification plans, after bemoaning high interest rates and a downturn in the London property market. John Lewis Partnership (JLP), which also owns Waitrose, took on management of around 1,000 homes in Bromley, West Ealing and Reading as part [...]