CBRE makes £267m swoop for London developer Telford Homes July 3, 2019 Real estate giant CBRE is set to snap up FTSE housebuilder Telford Homes as it plans to cash in on the UK’s growing build-to-rent market. The US property giant has reached an all-cash agreement to buy Telford for roughly 350p per share in cash, valuing the deal at £267m and representing an 11.1 per cent [...]
UK house prices: Growth falls to four-month low in June July 2, 2019 UK house prices remained “subdued” in June, new figures showed today as the cost of buying continued to fall in London and the south east. The price of a UK home grew 0.5 per cent year-on-year over the month, lower than May’s 0.6 per cent growth. The rate was the worst since February’s 0.4 per [...]
China wants to create a tech landscape where the US can no longer hurt it July 2, 2019 Global markets have rallied on the reignition of trade talks between the US and China, after the meeting between President Donald Trump and President Xi Jinping at the weekend. But analysts say China is already adapting to the changing business landscape, and that trade – and particularly, technological – relations will never be the same again. Meeting [...]
Top performing investment companies focus funds on small and unquoted firms July 1, 2019 Almost half of the most consistently overperforming investment companies invest in small and unquoted firms, according to new research. The Association of Investment companies (AIC) analysed members’ performance over a decade, and found that nine of the top 20 firms invest in such companies. Six of the nine top performers invest in small companies, while [...]
Carpetright shares: Undervalued or overexcited? July 1, 2019 By Graeme Evans from interactive investor. Carpetright’s peak trading period straddles the next Brexit deadline, but speculators are not put off. Carpetright (LSE:CPR) and its threadbare share price drew interest from speculative investors last week amid signs that the drastic measures needed for its survival are starting to pay off. While early days in the turnaround, the floor covering [...]
Property giants suffer £2.7bn write-down after retail values plunge July 1, 2019 Britain’s biggest landlords suffered a £2.7bn write-down in the value of their investment properties in the last 12 months, as a sharp downturn in the retail sector sent shockwaves throughout the property industry. Real estate giants including Intu, British Land and Land Securities nursed significant losses in the overall value of their assets last year [...]
City Moves for 1 July – Who’s switching jobs at BT, Apex Airspace and Lewis Silkin? July 1, 2019 Today’s City Moves includes BT, Apex Airspace and Lewis Silkin. BT BT Group has announced that Leena Nair will be joining as a non-executive director and as a member of the Remuneration Committee, the Nominations Committee and the Digital Impact & Sustainability Committee. Leena is joining BT from Unilever, where she has been chief human resources [...]
Focus On Canary Wharf: there’s more than just money in E14 June 28, 2019 Most parts of London have had their ups and downs, but few areas have experienced shifts as seismic or profound as Canary Wharf. With the advent of the London Docklands, it went from being uncultivated marshland to the site of the world’s largest port. Following the docks’ closure in 1960, Canary Wharf became an economic [...]
DEBATE: Should London follow Berlin and introduce rent freezing? June 28, 2019 Should London follow Berlin and introduce rent freezing? Gina Miller, founding partner at SCM Direct, says YES. I appreciate that many economists say rent control forces rent down, which can lead to landlords reducing the stock of rental property. But as the economics professor Richard Arnott has stated: “real-world rent control, at least in its [...]
Oxford University strikes £4bn partnership with Legal & General June 27, 2019 Legal & General has signed a £4bn partnership deal with Oxford University in its latest bid to tap into the growing market of student accommodation. The property giant has struck a 10-year partnership with the country’s oldest university as part of a plan to deliver 1000 subsidised home for university and college staff, 1000 units [...]