US law firm launches in London and plans UK expansion ‘because of Brexit’ November 10, 2019 A US law firm has launched in London to take advantage of the weakness of the pound triggered by Brexit. Tully Rinckey received regulatory approval to operate in the UK during the summer and has opened its first office in Mayfair. The firm – which opened its first international outpost in Ireland in 2018 – [...]
Keep an eye on these shares during General Election November 8, 2019 The UK is holding a general election on 12 December. All the political parties are keen to return discussion to domestic policies after years of neglect because of Brexit, but the UK’s proposed departure from the EU will continue to dominate the debate. Still, whichever party wins (or parties, if it results in a hung parliament) [...]
Focus on Barnsbury: An elegant oasis between Islington and King’s Cross November 8, 2019 Barnsbury counts bustling King’s Cross and lively Upper Street among its neighbours. But if you were blindfolded and dropped in the middle of one of its streets you’d probably think you were in a sedate suburb rather than the heart of N1. Firstly, it is very quiet – so quiet that, in 2013, one of [...]
Property of the Week: A modern mews hidden in the heart of the legal district November 8, 2019 London lawyers looking for a pied-a-terre could find their perfect home in this secluded new mews development in the heart of the legal district. Pinks Mews is a Victorian block on Dyers Buildings; a quiet gated street set just behind the hustle and bustle of Holborn. It has just been redeveloped to create 35 luxury, [...]
City Moves for 8 November – Who’s switching jobs at Sancus BMS, Trident Resources and IMG? November 8, 2019 Today’s City Moves includes Sancus BMS, Trident Resources and IMG Sancus BMS Sancus BMS Group, the asset backed alternative lender, has announced that Bob Rowbotham has joined their team in London as director of business development. Bob will be responsible for developing relationships and generating business from brokers and borrowers throughout the UK. Bob’s most [...]
London house prices: How London boroughs’ house prices have changed since the last election November 7, 2019 Prime central London house prices have taken the biggest hit since the last general election, as previously less desirable areas gain popularity. London constituencies further away from the centre were the biggest winners between June 2017 and now as buyers sought cheaper properties. Read more: UK house price growth slows in October House prices made [...]
Bovis Homes agrees £1.1bn deal for Galliford Try housing business November 7, 2019 Bovis Homes has agreed to snap up Galliford Try’s housing arm for almost £1.1bn. The housebuilders have shaken hands on a deal that will see Bovis stump up £300m cash and £675m in shares to acquire Linden Homes and Galliford Try Partnerships & Regeneration. Read more: Uncertain times are leading to London property microclimates The [...]
UK house prices: Growth slows in October November 7, 2019 Annual UK house price growth slowed last month due to ongoing political and economic uncertainty. House prices were up just 0.9 per cent in October – the lowest growth seen so far this year – as the new uncertainty of a general election and the impending Brexit deadline hit consumer confidence. Read more: Revealed: The [...]
Sainsbury’s half-year profit plunges 92 per cent November 7, 2019 Sainsbury’s has suffered a 92 per cent drop in half-year profit, as costs from store closures took a toll on the grocer’s balance sheet. Read more: Sainsbury’s former boss wants government to halve business rates and raise VAT The figures Statutory pre-tax profit fell from £107m last year to just £9m in the three months [...]
Can business models like Wework’s really work? November 7, 2019 Flexible businesses can, by their very nature, roll with the punches and evolve as their customers do. But the recent pace of change at WeWork has shown that even the most flexible of businesses can be at risk. Those of us in the property industry cannot fail to have noticed how WeWork has become central [...]