Blocking the Microsoft and Activision deal leaves gamers – and the UK – out in the cold May 19, 2023 On Monday, EU regulators approved Microsoft’s $68.7 billion acquisition of Activision Blizzard, leaving the UK and US alone in their choice to stall the deal.
Vistry shares up on positive outlook for housebuilder May 18, 2023 Housebuilder Vistry said it expects profit to grow this year despite pressure that has been squeezing many of the country’s property companies in recent months. The company, formerly known as Bovis Homes, said it expects to make a pre-tax profit “in excess of £450m” during the current financial year. It would be an increase from [...]
The London Stock Exchange has now passed the zenith of its global influence May 18, 2023 In an effort to eliminate financial risks through regulation, we've also eliminated returns. The London Stock Exchange is suffering the consequences of such a risk-averse approach, writes Roger Clarke
London office market now a race for best in class, says British Land May 17, 2023 The gap between the "best and the rest" is beginning to define the London office market, say property developers British Land this morning.
China soft data signals economic recovery running out of steam May 16, 2023 China’s April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter and intensifying pressure on policymakers to shore up a wobbly post-Covid-19 recovery. Tuesday’s batch of data, which also showed a further decline in property investment, adds to concerns about the outlook for the [...]
British farmers to be given greater protections in future trade deals May 16, 2023 Farmers are to be given greater protections in future trade deals as part of a package of measures unveiled ahead of a No 10 food summit. Downing Street said the government’s initiatives, as well as putting greater emphasis on farmers’ interests during international trade negotiations, include reviewing supply chains to ensure producers are getting a [...]
Leaving the ‘Wild West’ behind as we head towards next generation crypto exchanges May 14, 2023 MaskEx's Ben Caselin says that, to unlock Bitcoin’s full potential, the next generation of exchanges must lead the way.
Why Madonna, George Clooney and British royals are flocking to Portugal’s Comporta, the new St Tropez May 13, 2023 A-Listers and royalty are moving to Portugal’s secret coastline, to the villages of Comporta and Melides, so get in now, says Adam Bloodworth To steal a commonly-used phrase from Gen Z, Comporta is popping off. Foreign investors have been quietly moving here in their droves over the past decade, encouraged no doubt by the iconic [...]
Mortgages: How the BoE’s twelfth consecutive rate rise will affect homeowners May 11, 2023 Homeowners on tracker mortgages could see their annual bills increase by £5,008 a year following the Bank of England’s twelfth consecutive rate rise on Thursday, though analysts have said the latest rise will not have a substantial impact on the housing market. The monetary policy committee (MPC) voted 7-2 in favour of raising borrowing costs [...]
Wealthy splurge £3.1bn on luxury London homes as demand recovers after pandemic May 11, 2023 London’s mega wealthy splurged £3.1bn on 161 luxury homes across the capital’s most affluent boroughs in the year to 23 March – the strongest year for London’s luxury property market since the Brexit vote. The highest number of £10 million-plus deals in London took place in Kensington, Belgravia and Mayfair, where the rich bought 73 [...]