FTSE 100: Stocks muted as investors keep eye on Brexit talks and US-China trade war September 20, 2019 European markets have remained muted this morning as traders keep an eye on US-China relations and Brexit trade talks. European stocks opened quietly this morning, with the FTSE 100 and Dax both starting slightly down. Rolls Royce led the blue-chip fallers as shareholders wobbled over the company’s longer-than-expected problems with its Trent 1000 engines. Read [...]
Property of the week: Beer fans will lap up this Chiswick mansion with links to historic brewery September 20, 2019 Steeped in brewing history, this home that has come to the market in West London could be the perfect pad for a beer lover. Records suggest it was built soon after 1700 when it was used as a pub with links to the local brewery – though some of its foundations date back to an [...]
Selling your home? The price must be right… September 20, 2019 It’s a common refrain: “Number 22 sold for this much, but mine is worth more than that!” Whether you like it or not, British pride and financial security is based heavily on the value of our homes. Often, though, the price you have in mind is not necessarily what you get when you decide to [...]
Airbnb plans to go public in 2020 September 19, 2019 Airbnb has revealed its intention to become a publicly-traded company next year. In one of the most prominent market listings scheduled for next year, the property giant has said today that it is looking to float in 2020. Read more: Wework delays IPO The move could see Airbnb, which is an online marketplace for lodging, [...]
Next defies retail gloom with rise in profits but shares fall on weak start to autumn trading September 19, 2019 Next reported a rise in pre-tax profits and sales this morning, as the retailer shrugged off tough trading conditions on the high street during the first half of 2019. The group’s share price dropped four per cent in morning trading after it flagged a weak start to the autumn season as a result of the [...]
Short-term let adverts banned from Tube following outcry September 18, 2019 Adverts that promoted short-term lettings in the capital have been banned from the Transport for London (TfL) network following criticism from campaigners. London mayor Sadiq Khan was urged to crack down on adverts across the Tube by firms that encouraged landlords to flout the 90-day annual limit for short-term lettings in London. Read more: Overcrowding [...]
UK house prices: Growth rate halves as south east faces ‘reality check’ September 18, 2019 The annual rate of growth of UK house prices has slowed to its worst rate since September 2012, according to public data released today, as prices in the south east plummeted. Average UK house prices grew just 0.7 per cent in the year to July, amounting to just half of June’s 1.4 per cent rise, [...]
Wework rival Knotel expands London presence with new City locations September 18, 2019 Knotel, the flexible workspace rival to Wework, has snapped up a string of new City locations as it continues to expand its presence in the capital. Read more: Wework rival Knotel secured unicorn status with $400m fundraising The New York-based startup has signed an agreement with property developer Great Portland Estates to take over 82,000 [...]
Billionaire businessman Teddy Sagi buys Grade II-listed Holborn building for £300m September 17, 2019 Billionaire businessman Teddy Sagi has bought a Grade II listed building in Holborn for £300m through his co-working investment vehicle Labtech. The 300,000 sq ft Victoria House, a neoclassical building constructed in the 1920s, is Labtech’s largest acquisition to date and brings the total value of its property portfolio to around £3bn. Read more: Belgravia’s [...]
Wework IPO: Is the coworking giant still working for investors? September 17, 2019 Wework today revealed it will push back plans for its closely-watched initial public offering (IPO) after more and more investors gave the coworking giant the cold shoulder. Parent group We Company has been hampered by cooling investor appetite and has even reportedly slashed its planned valuation in half to $20bn (£16bn) in a bid to [...]