Best of 2022: How Games Workshop founder Ian Livingstone created a £3bn giant December 19, 2022 In a leafy enclave of West London, Ian Livingstone is balanced precariously upon a chair in his study, grasping for a top-shelf box filled with incredibly rare figurines. The legs of the chair creak in protest, and there is a moment when I fear I may be responsible for the untimely death of the man [...]
Purplebricks: Shareholders reject motion to oust chair after dismal financial performance December 19, 2022 Purplebricks’ shareholders rejected a proposal to oust the online estate agency’s chair as its head insisted that improvements were on the way. The troubled firm said a proposal by major shareholder Lecram Holdings to remove Paul Pindar was rejected. Some 71.71 per cent of votes in a general meeting were against the resolution proposed by [...]
Blockchains are changing the way you buy your home December 19, 2022 Blockchains are changing the way you buy your home – blockchain technology has already been successfully used for a number of years in Australia by a company called PEXA, which has recorded over 11million property transactions. The same firm has recently set its sights on the UK to revolutionise the way that mortgages are handled [...]
Londoners fork out 40 per cent of pay checks on rent each month on average December 19, 2022 Londoners are forking out nearly half of their pay checks on rent each month, according to official data today. It is no surprise London was the least affordable region in the UK for rent, with an average monthly cost of £1,430 – the equivalent to 40 per cent of median income in the year to [...]
FirstGroup nears completion of £122m greyhound property portfolio sale December 16, 2022 Transport service provider FirstGroup has finalised the sale of all but two of its US legacy greyhound property portfolio to Twenty Lake Holdings in a £122m deal.
Taylor Wimpey chair Irene Dorner to step down December 16, 2022 The chair of Taylor Wimpey’s board has stepped down for family reasons. Irene Dorner will quit in April 2023 at the end of its AGM with Robert Noel taking over the role, currently a senior independent director. She will stay on the board in a non executive role. Lord Jitesh Gadhia, who led the search [...]
UK must bridge ‘valley of death’ for homegrown science and innovation December 15, 2022 The UK must bridge the ‘valley of death’ in which prize-winning British innovation falls and fails to be commercialised. The Global Britain Commission said in a report today that the UK government should match Germany’s Fraunhofer programme, which helps businesses turn their research into marketable intellectual property. Britain’s fiscal support of research and development (R&D) [...]
House prices shoot up 12.6 per cent but London has lowest growth across UK December 14, 2022 The price of a property in the UK has shot up by 12.6 per cent over the last year with the average now sitting at just below £300,000. The latest House Price Index figures from the Office for National Statistics show the monthly increase was minimal however, at just 0.3 per cent. London however had [...]
Royal Navy contracts bump up revenues for outsourcing giant Capita December 13, 2022 Outsourcing firm Capita said its contracts with the Royal Navy had bumped up revenues in the past 11 months and it had slashed its debt levels by offloading areas of the business, as it updated the market on the year’s trading.
City Moves: Who’s switching jobs in the Square Mile? December 13, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Silbury Finance Oaktree Capital-backed lender Silbury Finance has appointed a founding director of property site Rightmove to lead its board. Board veteran Grenville Turner brings over 40 years of experience in the residential real estate and finance [...]