FTSE 100 dips as investors mull BoE’s hawkish tilt September 24, 2021 London’s FTSE 100 dipped during afternoon exchanges today driven by investors fearing the Bank of England’s hawkish tilt could be a looming headwind for markets. The capital’s premier index dropped 0.22 per cent to 7,062.47 points heading into the final session of the week. Retail and property stocks led the blue-chip index lower today. The [...]
New-build barns: the property trend for 2022? September 24, 2021 There are old houses, and there are new houses – and then there are new houses built to look old, which is what The Maltings project is all about. Designed after traditional country barns, the development, situated on the outskirts of Biddenden, a picturesque village in the Kent countryside, could be cut straight from a [...]
Renters return: London rental market makes up 4.3 per cent of city GDP September 24, 2021 Around £21.4bn is generated in rental income in London alone, which equates to some 4.3 per cent of the city’s GDP according to new research. The research, from Sequre Property Investment, found that – unsurprisingly – the capital topped the list as the region with the highest rents and the most privately rented homes. Across [...]
London sees the return of the pied-à-terre September 24, 2021 Demand for second homes came to a grinding halt in the spring of 2020 when Covid changed the world as we knew it. As stock markets began to fall and Boris announced that we could no longer leave the house for anything more than the essentials and a quick walk around the block, most pied-à-terre [...]
Twitter adds tipping with Bitcoin after turbulent week for crypto markets September 24, 2021 It was a week in which Bitcoin and other cryptocurrencies once again appeared to be trapped in lockstep with the traditional markets.
Evergrande misses debt payment deadline as fears over firm’s collapse mount September 24, 2021 Evergrande bondholders are yet to receive an interest payment which was due yesterday, indicating the indebted property developer is on the verge of collapse. The firm was scheduled to make a $83.5m by midnight in New York on Thursday, or noon on Friday in Hong Kong. However, two people with direct knowledge of the matter [...]
Mexican food brand Tortilla announces AIM float intention September 24, 2021 Mexican fast food chain Tortilla has announced its intention to seek admission of its shares to trading on London’s AIM market. The restaurant brand Tortilla boasts 62 sites across the country including 50 venues operated by the group and two franchise sites in the UK. The group also operates 10 franchised sites in the Middle [...]
City Moves: Who’s switching jobs in the Square Mile today? September 24, 2021 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. BNP Paribas Asset Management BNP Paribas Asset Management (BNPP AM) has hired Maya Bhandari as Global Head of Multi-Asset, who will join the firm at the beginning of November. Based in the capital, Bhandari will report [...]
Chinese authorities warn local governments to brace for Evergrande collapse September 23, 2021 Chinese authorities have told local governments to brace for the ripple effects if heavily indebted property developer Evergrande collapses. According to the Wall Street Journal, local governments in China have been tasked with stemming the damage inflicted on homeowners and preventing civil unrest if Evergrande folds. The property developer was scheduled to make an interest [...]
House sellers in London less willing to drop asking prices September 23, 2021 House sellers in the capital are feeling increasingly confident as the number of sellers willing to drop their asking prices fell last month. There was a 51 per cent decrease in the number of home-sellers being prepared to drop their asking prices in August, compared to July. Estate agency Chestertons said a return of seller [...]