12-storey Canary Wharf tower 5 Churchill Place sold at loss of 60 per cent February 6, 2024 A 12-storey tower in Canary Wharf has reportedly been sold for 60 per cent less than its 2017 purchase price.
Hopes of lower interest rates fuels optimism in the construction sector February 6, 2024 The sector has been hit hard by rising interest rates, which have sent a chill through the housing market and depressed new construction projects.
Springfield: London-listed property developer inks £15m affordable housing deal February 6, 2024 Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland Housing Alliance to complete the homes. Innes Smith, chief of Springfield Properties, said:“Within the last eight months, we have signed contracts worth circa £40m with [...]
Around 400 jobs at risk as British electric van maker Arrival falls into administration February 5, 2024 A British-based electric van maker which aimed to become a leader in EV manufacturing has filed for administration, placing around 400 jobs at risk.
FTSE 100: London markets tick down as traders trim rate cut bets February 5, 2024 London's FTSE 100 ticked down on Monday amid a deluge of economic data that spurred traders to trim their bets on UK interest rate cuts.
AI code of conduct ‘always doomed to fail’ say UK lawyers as guidance shelved February 5, 2024 City lawyers have said a voluntary code of conduct for artificial intelligence (AI) was "always doomed to fail".
Home REIT to publish long-delayed accounts despite struggling to access houses February 5, 2024 Home REIT is set to publish its long-delayed accounts in the second quarter of the year despite still struggling to access scores of properties in its portfolio, the firm announced today.
Fora chief: Wework trouble ‘doesn’t reflect the strength’ of London’s flexible market February 5, 2024 Enrico Sanna, the chief executive of Fora, said the troubled situation Wework is facing “doesn't reflect the strength of the market”.
Moving markets: Five things shaping the FTSE 100 today February 5, 2024 Asian markets dip while oil prices hold steady amid Gaza ceasefire talks. Attention is on the RBA policy decision, China inflation, PMIs, and U.S. CPI
Barratt: FTSE 100 developer will bank on mortgage cuts for sales lift February 3, 2024 Barratt Developments will update investors on its half year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet.