Novartis agrees Aspen generics acquisition for €400m November 11, 2019 Swiss drugmaker Novartis announced today that it will buy Aspen Pharmacare’s Japanese generics unit in a deal worth up to €400m (£343.8m). The deal, which will expand Novartis’ presence in the world’s third-largest drug market, will include a €300m upfront payment, with a deferred amount not higher than €100m to follow on completion of various [...]
Kier Group shares plummet as broker lowers target price to £1 November 11, 2019 Kier Group shares fell nearly nine per cent this morning after a note by broker Jefferies lowered its recommended price to 100p. The construction group’s stocks have been hovering around 100p for five months, since it announced it would be making 1,200 people redundant in June, and that it would look for a buyer for [...]
Floating on Airbnb: We meet the founder who is taking the hassle out of hosting November 11, 2019 When James Jenkins-Yates rented out his London home via Airbnb while he went on holiday to Rome, it was a complete disaster. “Everything went wrong,” he tells me. “I had three back-to-back bookings over the week and guests were everywhere — I received calls at 3am, one guest couldn’t get in through the gate, cleaners [...]
DEBATE: Are there any benefits to the rise of renting? November 11, 2019 Are there any benefits to the rise of renting? Anne-Marie Brown, founder and chief executive of Love to Rent, says YES. While the UK has traditionally been a nation of homeownership, more people are choosing to rent, and the profile of renters is changing too, with more families and retirees looking for a stress-free alternative. [...]
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 [...]