City Moves: Who is switching jobs in the Square Mile this week? April 14, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. John Lewis hires ex-Experian lead John Lewis has appointed a new director of financial services in London this week, who will step into the new role on 14 June. Amir Goshtai, who joins [...]
Audioboom books first profit as podcast downloads grow April 14, 2021 Podcast platform Audioboom has booked its first ever profit for the first quarter after cashing in on continued growth in on-demand audio. The Aim-listed firm posted adjusted earnings before interest, tax, depreciation and amortisation of $30,000 (£22,000) in the first three months of the year, up from a $500,000 loss the previous year. The maiden [...]
We’ve quickly jumped from a literary age to a time of video games April 14, 2021 Dr Chris Kacher plots the pathway from a time of books and reading to a $200bn global gaming age.
London house prices: First-time buyers now need up to £73k more to get on the property ladder April 14, 2021 First-time buyers have seen house prices climb by 7 per cent in the last twelve months, according to new research that build snagging and defect management firm BuildScan shared with City A.M. this morning. As the stamp duty holiday helped to boost buyer demand, a sharp uplift in house prices followed as a result, particularly in [...]
Foxtons sees revenues rocket amid stamp duty-driven housing boom April 14, 2021 Foxtons has seen impressive revenue growth in the three months to 31 March, at a time when house prices are at an all-time high amid the stamp duty holiday. Group revenue at the estate agent in the first quarter of 2021 stood at £28.5m, up 24 per cent on the same period last year. [...]
Landsec collects two-thirds of rents in last quarter April 13, 2021 Property giant Landsec collected just two-thirds of the rent it was due as of the end of March due to continued disruption as a result of the pandemic. The FTSE 100 developer said that of the £110m it was owed by tenants as of 25 March, £33m was still outstanding five days after rent was [...]
Markets shift into neutral gear ahead of heavyweight data April 13, 2021 Financial markets look to be shifting into neutral gear ahead of heavyweight data starting with China’s Trade Balance due shortly, UK GDP this morning, US CPI this evening, and the start of earnings season in the US, led by big banking. “Wall Street went nowhere overnight, the US 10-year Note auction passing without incident, leaving [...]
Sir David Adjaye’s Lost House in Kings Cross sells for £6.5m April 12, 2021 A property designed by one of the world’s top “starchitects” Sir David Adjaye, located near Kings Cross, has sold for £6.5m. Lost House, listed in the top seven “most important architecturally designed homes in the world” by Architectural Digest last year, is a winner of the Royal Gold Medal, one of the world’s highest accolades [...]
Birmingham Bullring owner Hammerson confirms talks over £350m sale of UK retail parks April 12, 2021 Property giant Hammerson has confirmed that it is in talks over a deal to sell its portfolio of UK retail parks. It comes a day after reports the Birmingham Bullring owner was set to sell its seven sites for around £350m to Canadian private equity firm Brookfield. Hammerson told investors this morning that it is [...]
South West London homes grow in demand as end of lockdown nears April 12, 2021 High-end homes in South West London have grown in demand in the first quarter of this year, according to estate agent Benham and Reeves. As the end of lockdown nears, the leafy suburbs of the capital have seen a one per cent increase in interest by high-end homebuyers in the £2m and over range. “We’re [...]