Best of 2021: How Drive to Survive and esports helped save Formula 1 December 24, 2021 In this article, originally published in March 2021 to mark the start of what would prove to be a landmark season, Frank Dalleres looks at how Formula 1’s owner Liberty Media helped shake off its male, pale and stale image and won a whole new generation of fans, including in some crucial territories. It feels [...]
The property developers building community through Gaia’s Garden December 23, 2021 Continuing my series of conversations on culture and commerce, I am diving deep into the social value of a project that sits in the heart of London: Gaia’s Garden. This “accessible and free community garden” on the edge of Smithfield Market and off the Holborn Viaduct is built by property developer Dominvs Group, who say [...]
With 44 City buildings under offer, investment in Square Mile property expected to hit £8bn this year December 23, 2021 With £6.81bn of office assets having transacted by the end of November, and 44 buildings currently under offer, total 2021 City investment volumes will reach £8bn by the end of this year, according to real estate giant Savills. This assumes that the sale of 5 Broadgate, the UBS headquarters, understood to be under offer to [...]
Action by competition watchdog frees leaseholders from costly contract terms December 22, 2021 Leaseholders of housebuilder Taylor Wimpey will no longer be subjected to ground rents that double every ten years after action by competition watchdog.
Graft Polymer to list on London Stock Exchange December 22, 2021 Graft Polymer has announced its intention to list on the London Stock Exchange, where it will look to trade on the main market for listed securities.
Home transactions up in November as eyes turn to Omicron’s impact on market December 21, 2021 Transaction numbers gained pace in November, up 24.3 per cent on the previous month, following an initial dip after the end of the stamp duty holiday. According to the latest HMRC data, there were 96,290 housing transactions in November, 16.4 per cent lower than November 2020, but up on the prior month. The figure for [...]
Big Sport Quiz of 2021: How much do you remember? December 20, 2021 From teenagers sweeping to Grand Slam tennis titles to England reaching a major football final, an Olympic Games like no other and the introduction of a brand new cricket competition, it has been a hugely eventful year in sport. Off the field it has been just as transformative, with private equity and, increasingly, cryptocurrency and [...]
Halifax: UK house price growth expected to be ‘much flatter’ 1 per cent in 2022 December 17, 2021 UK house price growth will remain robust next year but will be “much flatter” as rising inflation and interest rates, coupled with the end of government support measures, place greater pressure on household budgets. Prices are expected to inch up around 1 per cent in 2022, but “forecast uncertainty remains very high,” Halifax said this [...]
Londoners squeezed by relentless cost of living in the capital December 17, 2021 Londoners are being squeezed by the relentless high cost of living in the capital, reveals a new study published today. Polling by Ipsos MORI funded by London Councils found around one in five of all Londoners think the cost of living is the most pressing issue impacting them. Private renters and young people living in [...]
Millions of homeowners will see mortgage rate rises as ‘softer’ house price growth forecast December 16, 2021 Major banks have hiked mortgage interest rates in response to the Bank of England hiking rates 0.15 percentage points to 0.25 per cent. Banks raised rates following the decision on Thursday, meaning millions of households will pay heftier monthly mortgage repayments. Barclays, Halifax, Lloyds Bank, NatWest, Nationwide and Santander will pass on the increase to [...]