Zurich UK switches $1bn into new ESG benchmark to cut its carbon emissions July 20, 2021 Zurich UK has switched almost $1bn (£73m) of its investment portfolio into a new ESG benchmark in a bid to reduce its carbon emissions. The insurance giant said, in an announcement today, the new benchmark will deliver a 30 per cent reduction in emissions as well as “enhanced” ESG outcomes, compared to its parent index. [...]
£15bn worth of London homes sit empty, as Londoners squabble over supply July 20, 2021 The value of London’s homes sat empty has racked up to £15bn, according to new data, as a rung on the property ladders edges further away from Londoners. London has made a name for itself as a destination for ultra-wealthy buyers to snap up prime real estate as assets and holiday homes, while prospective homeowners [...]
Companies boosted by Covid rank among the worst market performers July 19, 2021 Companies boosted by the onset of the Covid crisis rank among the worst performers on the market over the last year. Takeaway delivery company Just Eat Takeaway.com has benefitted from a surge in orders since the arrival of the virus as a result of Brits rushing to find substitutes to dining out during lockdowns. However, [...]
Shortfall of 225,000 properties as average house price jumps to £338,447 July 19, 2021 Across Britain, the average asking price for a home is now £21,389 higher than it was just six months ago. The average price tag has jumped to a new record high for the fourth month in a row, reaching £338,447 in July, according to property website Rightmove. The website said the first half of this [...]
Over two-fifths of Hong Kong migrants plan to start business in the UK July 19, 2021 The UK could be set for an entrepreneurial boost from an unlikely source – with almost half of wealthy Hongkongers coming to the UK set to start their own businesses. According to UKHK.org, a charity supporting Hongkongers in the UK, a new survey of Hongkongers found more than half (52.1 per cent) have or intend [...]
Celebrities come out for crypto, but will Iron Mike have diamond hands? July 19, 2021 The Bitcoin price continues to hold above $30,000 again today, although it’s now down eight per cent on this time last week.
US property firm picks up Angel office development in bet on office return July 19, 2021 American property firm Tishman Speyer confirmed the £86.5m purchase of a major office development in Islington this morning as it bets on workers returning the office. The deal with British property investment business Derwent London sees the sale of their office freehold interest in Angel Square, just behind Angel tube station. Derwent London announced the [...]
House prices surge 5.7 per cent to reach another record high July 19, 2021 Property prices have reached another record high, highlighting that demand in the housing market is still running hot, new figures released today reveal. The average price of a property coming to market jumped 5.7 per cent annually to £338,447 in July, according to property search site Rightmove. Prices rose 0.7 per cent over the last [...]
Steak on the menu? Hawksmoor ponder IPO option for continued expansion July 19, 2021 Investors may soon be able to cut into a juicy Hawksmoor steak, according to reports. The high-end restaurant group, renowned for its steak, is working with stockbroker Berenberg to assess demand should it decide to list on the London Stock Exchange. The Times first reported the news. Read more: Government unveils new ‘hospitality strategy’ to [...]
Lenders set to increase interest-free periods on credit cards July 15, 2021 Households could be offered longer interest-free periods on credit cards over the summer, according to a survey of lenders. Banks and building societies also anticipate that mortgage availability to households will rise, according to the survey published by the Bank of England. The Bank’s Credit Conditions Survey is carried out every quarter to help it [...]