Rajasthan Royals: With Stokes, Buttler and Archer on board the franchise are aiming to become the United Kingdom’s go-to Indian Premier League side December 18, 2019 Like every other Indian Premier League side, Rajasthan Royals will take part in an auction on Thursday. The day of chaotic, intense and exciting player recruitment, which starts at 15:30 IST in Kolkata (10am UK time), will shape the season for all of the eight franchises, but looking at the wider picture, Rajasthan already have [...]
K&K Property Holdings makes London debut with £130m Covent Garden deal December 18, 2019 Hong Kong’s K&K Property Holdings has made its first investment in the London market with the acquisition of an office block in Covent Garden for £130m. Tenants in the 90,916 sq ft tower include co-working firm The Office Group and Marathon Asset Management. Read more: Central London office take up surges as fintech sector grows [...]
UK house prices: Growth slows to seven-year low December 18, 2019 UK house price growth slumped to the lowest level in seven years in October driven by a 1.6 per cent price drop in London. UK house prices grew by 0.7 per cent in the year to October – compared to 1.3 per cent the previous month – the slowest rate since September 2012. Between September [...]
City Moves for 18 December – Who’s switching jobs at Tritax, Wiredscore and Emporia Telecom? December 18, 2019 Today’s City Moves includes Tritax, Wiredscore and Emporia Telecom. Tritax Property investment fund manager Tritax has appointed Helen Drury as sustainability lead. Helen will be responsible for leading and further developing the sustainability strategy and performance, as well as driving its integration and implementation across the company. Her work will support not only the existing [...]
Ocado set to be crowned the FTSE’s most valuable tech giant December 17, 2019 Analysts have said Ocado has the vision to become the “Microsoft of Retail tomorrow” and transition into the FTSE’s most valuable tech giant. Once finalised, the decision by the Competition and Markets Authority (CMA) to de-designate Ocado as a retailer in August will make it the largest listed tech company in the UK by valuation. [...]
BoE: $5bn leaves Hong Kong funds amid protests December 17, 2019 Political unrest in Hong Kong has triggered traders to pull as much as $5bn (£3.8bn) of capital from the region since April, according to the Bank of England (BoE). The outflows account for nearly 1.25 per cent of Hong Kong’s GDP and began when protests broke out following the proposal of a controversial extradition bill [...]
City of London Group plots £50m capital raise for SME bank December 17, 2019 City of London Group is planning a capital raise of up to £50m early next year to develop its new UK small and medium enterprise bank, the company said as it revealed losses widened in the six months to the end of September. The figures The company’s losses widened from £2.35m to £3.34m after it [...]
Pension funds are putting more money into property debt December 17, 2019 When the Alternative Credit Council recently predicted that the global private debt market will be worth in excess of $1 trillion by the end of 2020, some might have called the claim a little audacious. Only seven years ago, less than £1 in every £10 lent in the UK came from an alternative lender. Today, [...]
WPP offloads stake in sports marketing agency Two Circles December 16, 2019 WPP today announced it has sold a majority stake in sports marketing agency Two Circles to New York-based private equity firm Bruin Sports Capital. Two Circles, which sat in WPP’s Group M division, analyses data on sports fans across the world to create marketing campaigns. It counts the Premier League, UEFA, Formula 1, and Wimbledon [...]
First Group shareholder claims victory as firm weighs sale of US arm December 16, 2019 A major First Group shareholder has welcomed the firm’s decision to consider a sale of its US businesses. The transport giant today said it has appointed advisers to review its US school bus and public transit arms, adding that it will “explore all options” a month after a sinking share price pushed two big investors [...]