The material consequences of choosing sustainable fashion April 29, 2019 The textile industry – primarily the business of cloth and clothing – produces close to 100 million tonnes of fibres every year. This number is only set to grow as purchasing power in emerging markets rises. The industry – and its growth – has huge consequences for the environment and climate change, producing some 1.2 [...]
City Moves for 29 April 2019 – Who’s switching jobs at Hambro Perks, Cushman & Wakefield and Relendex? April 29, 2019 Today's City Moves includes Hambro Perks, Cushman & Wakefield and Relendex. Hambro Perks The London-based venture firm, Hambro Perks, has announced the appointment of Svenja Grundmann as investment associate. Svenja Grundmann has joined the company to work alongside portfolio manager Jemma Bruton and Richard Tufft, venture partner and co-head, in building out the Access Fund. [...]
Financial Conduct Authority dawn raids nearly doubled in 2018 April 29, 2019 The number of dawn raids conducted by the Financial Conduct Authority (FCA) has almost doubled over the past year, from 13 in 2017 to 25 in 2018. Financial services regulatory consultancy Fscom said one of the drivers of the jump in raids was likely to be an FCA crackdown on unregulated investments. Read more: London [...]
The left is upping its campaign against the free market – and the City in particular April 28, 2019 John McDonnell and the Labour party have long talked of the need to “democratise” our economy. Their plans for sweeping nationalisations, a state-run investment bank and the forced reallocation of shares to the workers are all couched in the language of taking power from the fat cats and making finance a servant of the public, [...]
Saudi shopping centre owner looking to raise up to $836m in float April 28, 2019 Saudi Arabia’s largest shopping centre owner is hoping to raise as much as $836m (£647m) in what is set to be the Kingdom’s largest stock exchange listing in five years. Read more: Saudis will not ramp up production to offset US-Iran sanctions Arabian Centres, which currently owns and operates 19 malls in Saudi Arabia, is seeking [...]
London Marathon property prices revealed ahead of this year’s race April 27, 2019 The average price of buying a property along the London Marathon route has been revealed as this year’s runners prepare for Sunday’s race. The 26.2 mile route begins in south-east London before snaking through Canary Wharf and The City and ends at The Mall. Read more: Four-day DLR strike over London Marathon weekend called off [...]
Taylor Wimpey shares dip as costs weigh on property giant April 25, 2019 FTSE 100 developer Taylor Wimpey posted a record sales rate this morning, but higher building costs weighed on the property giant's profit margins. Taylor Wimpey’s share price dipped more than five per cent in early morning trading, with the firm revealing it had seen a bigger-than-expected rise in costs in the first few months of [...]
House transactions rise in March April 24, 2019 Residential transactions edged up last month, according to new figures from HMRC. Read more: UK household earnings rise at sharpest rate in a decade House deals grew by 1.4 per cent between February and March, while transactions on an annual level climbed 6.8 per cent. What the experts said "These figures show a more resilient [...]
British Land offloads Sainsbury’s superstores for £429m to cut retail exposure April 23, 2019 British Land has sold a swathe of Sainsbury’s superstores for £429m as it ploughs ahead with a plan to reduce its exposure to retail property. Read more: British Land swings to £42m loss as retail market hits portfolio value The FTSE 100 landlord revealed this morning that it is selling 12 superstores from its joint [...]
Thomas Cook holds preliminary talks with suitors about potential takeover April 20, 2019 Thomas Cook has sparked the interest of a number of potential bidders as the company's lenders prepare to discuss its financial state. Several parties have made enquiries about taking over the company's tour operating business, or the entire company, according to Sky News. Read more: Uber's self-driving unit raises $1bn ahead of IPO Currently talks are at [...]