A truly radical and pragmatic Prime Minister would let parliament get a cat August 2, 2019 Parliament is infested with vermin. According to an internal report seen by the MailOnline, the Westminster war on mice is being lost, despite £111,498 spent on pest control last year. As political conundrums go, this one has an obvious solution: allow cats on the parliamentary estate. Lots of them. Practical, inexpensive, and ruthlessly effective, this [...]
Focus on London Fields: The attractive Hackney suburb buyers don’t want to leave August 2, 2019 Homeowners who bet on London Fields 20 years ago are some of the canniest in the capital. Then, homes in the leafy-for-Hackney neighbourhood were worth 17 per cent more than the London average, according to Hamptons International – but today that has jumped to a huge 52 per cent, translating to £240,000. “Once an unloved [...]
Property of the week: This West End flat gets you a pass to one of Mayfair’s secret gardens August 2, 2019 Where luxury homes are concerned, Mayfair pretty much has it all. A quick scan of current property listings reveals homes complete with built-in pizza ovens, spa treatment rooms and their own chauffeur-driven Bentleys. There is one area where most of its premium pads fall short, though – access to a garden. Not a roof terrace, [...]
Revealed: The outer London borough that locals say has the best commute August 2, 2019 Sweaty summer mornings on the Northern line getting you down? Been apologised to over a tannoy one too many times? Sick of travelling with a lower level of comfort than someone’s handbag? You might want to consider a move to Richmond-Upon-Thames, which despite all of its train and tube stations being in zones three to [...]
Westfield owner suffers income drop as UK retailers shut shops and cut rents August 1, 2019 Retail landlord Unibail-Rodamco-Westfield (URW) suffered a drop in UK rental income in the first six months of the year as the property giant’s two London sites were hit by store closures and leasing delays. Like-for-like net rental income was down 3.1 per cent compared to the previous year as tenants – struggling in a challenging [...]
Intu share price fall continues after dividend cancellation August 1, 2019 Shares in retail landlord Intu continued to fall this morning after the Trafford Centre owner yesterday cancelled its dividend as it fell to a £900m loss. Intu’s share price was down as much as 6.7 per cent at 44.6p this morning before recovering slightly to 45.45p. Read more: Intu share price crashes at it cancels [...]
Kier shares soar 40 per cent as it chips away at debt pile August 1, 2019 Kier Group investors rejoiced this morning as they were treated to a rare piece of good news: that the firm is regaining control of its debt. The firm also said it had attracted “significant interest” in its house building arm, which it is trying to sell to reduce its debt. Read more: Kier shares plunge [...]
City Moves for 1 August – Who’s switching jobs at JBP, Mullenlowe Group and Future Thinking? August 1, 2019 Today’s City Moves includes JBP, Mullenlowe Group and Future Thinking. JBP National communications consultancy JBP has appointed three new directors. Julie Williams originally joined JBP’s Bristol office more than 20 years ago and has helped to transform the company’s financial function. As operations director, she leads the accounts, HR and operations departments. James Hinchcliffe is [...]
Buoyant Next shows retailers how it is done July 31, 2019 Investors exposed to the troubled sector of retail property were dealt a fresh blow during trading today. Shopping centre landlord Intu led the market fallers after it cancelled its dividend and posted mounting losses, wiping 32 per cent off an already-battered share price. Read more: Shop prices fall as retailers tempt customers with discounts Although Intu’s downward spiral [...]
Taylor Wimpey profits drop due to higher costs July 31, 2019 Shares in house builder Taylor Wimpey fell more than six per cent this morning as the company reported a drop in profits due to higher costs. The figures Profit before tax and exceptional items fell 9.4 per cent in the first half of the year to £299.8m from £331m in 2018. Read more: Taylor Wimpey [...]