Real estate chiefs react to rental reforms as government eyes landlord register for England February 2, 2022 England has edged one step closer to a national landlords’ register after the government’s levelling up white paper confirmed a consultation on the matter yesterday. All homes in the private rented sector will have to meet a new minimum ‘decent homes’ standard while section 21 ‘no fault’ evictions will be abolished. David Reed, operations director [...]
Crypto AM shines its spotlight on Bricktrade – a London-based property tokenisation platform February 2, 2022 Bricktrade is the UK's first property investment platform that tokenises real estate assets and opens them up to the possibility of investment from crypto market participants, whilst simultaneously providing real asset-backed investments.
16 years of returns: History’s lesson for investors February 2, 2022 This graphic shows the best and worst performing assets each year since 2006, and shows the powerful benefits of diversifying your investments. The temptation among investors is to stick with what you know. That is no bad thing. It is a strategy championed by successful investment pioneers such as Warren Buffett, a famous devotee of [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 2, 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. finnCap Group finnCap Group has posted an HR veteran to its board, who has joined as a non-executive director. Annette Andrews brings some three decades worth of experience to the role, from across Lloyd’s of London, which [...]
AT&T to spin off WarnerMedia in £32bn Discovery media merger February 1, 2022 AT&T announced today that it will spin off WarnerMedia in a $43bn (£32bn) transaction to merge its media properties with Discovery and also cut its dividend by nearly half.
Strongest year-start since 2005: Brits fork out average of £255,556 on houses as prices soar February 1, 2022 Buyers are paying more than ever before for their homes with the average UK house costing 11.2 per cent more than it did last year.
ExxonMobil cuts costs and combines businesses amid activist pressure February 1, 2022 ExxonMobil is cutting costs amid activist pressure, in a bid to boost returns and accelerate its transition to a greener future.
Even at seven times their income, single homebuyers are priced out of the market by £24,000 January 31, 2022 Despite many lenders relaxing their loan to income criteria, the average UK homebuyer is still priced out of the market unless purchasing with a partner. The current average loan to value, or the multiple of salary that a lender will loan to a buyer, has increased from 3.87 to 4.12 in the last ten years [...]
Open warfare: Ocado claims Autostore is lying while rival says online grocer’s IP rights are ‘invalid’ January 31, 2022 The war of words between Ocado and its rival Autostore reached new heights today as Ocado accused Autostore of misleading investors over its legal battle with the online grocer in Germany. Autostore issued an update on the Norwegian stock market on Monday claiming that a judge in a Mannheim Court said Ocado’s intellectual property rights [...]
Nine out of ten Londoners can no longer afford the rent as demand for rooms goes through the roof January 31, 2022 Insurance giant Admiral has warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]