Boohoo completes fundraising as it struggles to return to growth November 18, 2024 Boohoo has raised just under £40m in a bid to turn itself around amid its public fight with the boardroom demands of an activist shareholder, Mike Ashley’s Frasers. This morning, the company said it had conditionally raised total proceeds of approximately £39.3m. This includes £400,000 from a retail offer and £38.9m from an investor subscription. [...]
Average price tag on a home falls as rate cuts spark demand revival November 18, 2024 According to Rightmove, the standard price for a newly marketed home currently sits at £366,592, a 1.4 per cent month-on-month drop.
Has London’s commercial property market finally recovered from the pandemic? November 15, 2024 High-quality office space in London has “continued and sustained appeal” in London, with property take-up finally exceeding pre-pandemic levels, while retail vacancy rates have similarly dipped to their lowest level since 2019. Cushman & Wakefield and Savills have both reported that the central London property market has begun to stabilise, while British property investment trust [...]
Landsec returns to profit as London property market stabilises November 15, 2024 British property investment trust Land Securities, known as Landsec, swung back into profit and hiked its forecast for the year today after a rebound in occupancy and rental income in London. Landsec told markets this morning that it had returned to the black in the first half of the year, reporting profit after tax of £243m [...]
London Capital & Finance was a ‘Ponzi scheme’, judge rules November 14, 2024 Former executives of the collapsed London Capital and Finance (LCF) participated in fraudulent conduct, ruled a High Court judge.
Inside the Paris hotel straight out of a Wes Anderson film November 13, 2024 THE HOTEL: Now that the buzz from Paris’s Olympic summer has settled, this is the perfect time to visit the City of Light. The city’s infrastructure is in top form, primed for visitors who want to experience Paris without the high-season crowds. And if you’re looking for a stay that boldly proclaims “We’re in Paris, [...]
Ahead of the Game: Reading FC hero emerges as potential saviour November 13, 2024 Also in Ahead of the Game: Mendy's record payout; Badenoch to oppose football regulator; ICC chief to stay on.
UK office market fails to keep up with European upswing in property values November 13, 2024 The value of commercial property has risen for the first time since mid 2022 in Europe, although the UK office market bucked the trend and failed to show gains. Overall, property values rose by 0.63 per cent in the third quarter of 2023, following eight consecutive quarters of decline. European property prices have been hit [...]
Winners of Alternative Credit Awards announced November 13, 2024 The Alternative Credit Awards 2024, hosted by Alternative Credit Investor magazine, took place on Wednesday 6 November at the Royal Lancaster London. These prestigious awards commemorate the most influential fund managers, specialist lenders and service providers in the alternative credit industry. The evening started with a sparkling drinks reception, followed by a gala dinner, before [...]
Tax changes could lead to ‘fire sale’ of family SMEs, experts warn November 12, 2024 Industry leaders have warned there will be an influx of for-sale signs on UK businesses as their owners and subsequent heirs begin to cope with a change in inheritance tax (IHT). The concern comes following the announcement in Reeves’ Autumn Budget that business assets worth more than £1m would no longer be exempt from IHT [...]