Here’s to another 10 years of City success December 20, 2019 It has been a decade of great upheaval for the City. January 2010 saw the UK economy just starting to come out of recession, with unemployment at its highest in 15 years, and a raft of regulations and inquiries into the financial services sector imminent, not to mention an election that would mark the start [...]
London’s commercial property market bounces back in fourth quarter December 19, 2019 Investment in London’s commercial property market rebounded in the fourth quarter as the capital’s risk profile began to improve, strengthened by Boris Johnson securing a majority in last week’s General Election. Investment jumped 15 per cent compared to the previous quarter, rising to almost £2.8bn, according to preliminary figures. Read more: Fintech boom drives central [...]
Airbnb wins European court battle to dodge property rules ahead of public listing December 19, 2019 Airbnb received another boost today ahead of its public listing next year as Europe’s top court ruled that it is an online platform not an estate agent. The decision by the European court of justice will allow the company to dodge regulations faced by property brokers as it continues to expand. The company, which announced [...]
City Moves for 19 December – Who’s switching jobs at Turley, Johns & Co and Ashtead? December 19, 2019 Today’s City Moves includes Turley, Johns & Co and Ashtead. Turley Catriona Fraser has been promoted to director in the London team at national planning and development consultancy Turley. Catriona has been involved in several high-profile projects for Turley across London. She has advised on a number of key London development sites for mixed-use alternative [...]
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 [...]