London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Property chiefs: Lockdown and end of stamp duty holiday push down house prices February 2, 2021 The most recent drop in house prices is primarily caused by the soon-to-end stamp duty holiday, combined with the UK’s third national lockdown, property professionals told City A.M. this morning. According to new figures, published by Nationwide earlier this morning, January saw property prices fall for the first time in six months as the end [...]
Capco suffers £275m hit as lockdowns damage value of Covent Garden estate February 2, 2021 Property giant Capital & Counties has seen the value of its central London estate fall by around £275m in the second half of 2020, as the landlord was hit by Covid-19 lockdowns. Capco, which manages over 1 million sq ft of space in the West End, suffered a 27 per cent yearly drop in value [...]
FTSE opens up higher again in February rebound February 2, 2021 London’s main market opened up some 0.40 per cent higher this morning, continuing a positive start to the month after a volatile January. The FTSE 250, the second larger UK index, was up a similar 0.40 per cent, at 20,479. The rebound follows turbulence last week surrounding Gamestop and other companies targeted by both short-sellers [...]
House prices fall for first time in six months in January February 2, 2021 House prices fell for the first time in six months in January as the end of the stamp duty holiday approached. Nationwide’s annual house price index showed that prices fell 0.3 per cent last month, the first time they have dropped since June. That means the average price for a house, not adjusted for the [...]
Best of travel: From Canada to Mexico to find Trump’s legacy February 1, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Ashwin Bhandari’s coast-to-coast trip across America to try to understand the Trump phenomenon. ••• The Seattle skyline, with the iconic Space Needle against the backdrop of Mt Rainier, may be familiar from TV [...]
Why yak hair is taking over our homes and wardrobes February 1, 2021 As we sit around our houses staring at the same four walls, we seem to have come to a collective conclusion: short-legged, long-haired ox and even-toed ungulates are in. One of the less predictable trends emerging in 2021 is our increasing propensity to dress ourselves and our interiors in the understated but highly functional elegance [...]
The changing face of markets February 1, 2021 I see myself as a ‘global’ citizen that, through my work over the last 20+ years, has developed a deep experience of capital markets and exchanges. At the beginning of this century I was part of the creation of Euronext that resulted a few years later in leading its European cash market from Paris before [...]
Asos buys Arcadia’s Topshop and Miss Selfridge in £330m deal, leaving thousands jobless February 1, 2021 Arcadia’s Topshop, Topman, Miss Selfridge and HIIT brands have been sold to online retailer Asos in a £330m deal. Arcadia’s administrator Deloitte this morning confirmed Asos would buy the brands for £295m, and would also take on certain liabilities for forward committed stock orders. Asos paid around £265m for the brands, some £30m for the [...]
Insurance, disrupted: What does the start of 2021 tell us about the industry? January 29, 2021 We waited patiently for the new year. January was meant to be a fresh dawn, with many businesses embarking on transformation programmes to emerge stronger from the pandemic. But, looking at the economic and political events from this month, we see more disruption ahead. Particularly for insurance companies. Before founding OLIVER, I spent 15-years at Commercial [...]
Covid-19 pummels US economy in 2020; performance weakest in 74 years January 28, 2021 The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the Covid-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty. The Commerce Department’s snapshot of fourth-quarter gross domestic product on Thursday also showed the recovery from the pandemic losing steam as the year wound down amid a resurgence [...]