London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up January 23, 2024 London’s mega wealthy are opting to let their million pound homes in Notting Hill to A-List celebrities and escaping to the countryside to avoid selling up. The end of Hollywood’s actor strike has seen a number of cinema and music’s biggest names return to the iconic west-London borough after a near nine month hiatus, estate [...]
London landlord GPE sees strong leasing demand but CEO says planning regime ‘challenging’ January 23, 2024 One of central London's biggest listed landlords said it had delivered a "strong leasing quarter" but noted rising barriers in the market.
The Notebook: The future of work, from bees to smart offices January 23, 2024 Where the City’s movers and shakers have their say. Today, Dan Drogman, CEO and co-founder of Smart Spaces with the Notebook pen. The new tech-driven transformation of London’s work spaces Working in the City of London has changed hugely in the last five years – with one of the big post-pandemic changes being the rise [...]
Exclusive: Slow property market is affecting lawyers as transactions drop January 22, 2024 Exclusive data shared with City A.M. shows that property lawyers are now handling 25 per cent fewer cases on average, following a 21 per cent fall in monthly property transactions year-on-year.
London office vacancy rates to rise in City, Wharf and West End amid Wework trouble January 22, 2024 London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.
HSBC chair meets Chinese vice president in effort to deepen ties: state media January 22, 2024 Chinese Vice President Han Zheng met with HSBC chair Mark Tucker in Beijing on Monday and urged the Asia-focused lender to deepen cooperation with the country, according to state media Xinhua.
London renters need 209,000 new homes as government told it has ‘huge task on hands’ January 22, 2024 Some 209,000 new rental homes will be needed in London by 2031 to help deal with the capital’s shrinking pool of housing.
Economy: ‘Situation critical’ warning after huge spike in on the brink businesses January 22, 2024 Nearly 50,000 UK businesses are in a "critical" financial position, according to a new data, as high borrowing costs and inflationary pressures continue to squeeze firms.
Moving markets today: What’s shaping the FTSE 100 this morning January 22, 2024 Japan's Nikkei hits a 34-year high, while China keeps lending rates steady. Earnings and central bank policy decisions are set to drive global stocks this week.
China keeps loan rates steady despite sluggish economy; economists expect reserve ratio cut January 22, 2024 The People's Bank of China (PBoC) kept its loan prime rates unchanged on Monday, despite concerns about a potential downturn in the property sector, a slowing economy, and subdued investor sentiment.