Jim Ratcliffe: Government is using ‘slippery’ manoeuvres to kill off British fracking February 4, 2019 The chairman of Britain’s biggest private company has accused the government of using “slippery back door manoeuvres” to kill off fracking in the UK. Sir Jim Ratcliffe, the billionaire founder of Ineos, said the government is sticking to a plan which is “unworkable, unhelpful and playing politics with the country’s future”. Read more: Ineos hails 'game [...]
City Moves for 4 February – who’s switching jobs at Accel, BCLP and Zoopla? February 4, 2019 Who’s on the move today? Accel Accel, the leading global venture capital firm, today announces that Andrei Brasoveanu and Seth Pierrepont have both been named as partner, strengthening Accel’s team in London. Andrei is promoted to partner from his previous role as principal at Accel and will remain focused on investments in enterprise software, cloud [...]
Interim Debenhams chair shortlisted for Moss Bros role February 1, 2019 The interim chair of Debenhams could be in line for the role of chair at suit retailer Moss Bros. According to Sky News, Terry Duddy has been shortlisted as a potential successor to current Moss Bros chair Debbie Hewitt, who will step down from her role later this year. Duddy took on the chairman role [...]
Property of the Week: Leinster Gardens, the HQ of Andreas Papadakis’ publishing house Academy Editions goes on sale February 1, 2019 Faithful followers of fashion in interior design and architecture will have heard of Academy Editions. Leinster Gardens, Bayswater, £7.95m Back in the 1970s, it published over a thousand influential books and magazines dedicated to architecture and the decorative arts, drawing artists like Roy Lichtenstein, David Hockney and Charles Jencks to the Bayswater headquarters of the [...]
Estate agent Foxtons cuts earnings guidance after ‘toughest’ year ever in London January 31, 2019 Estate agent Foxtons said last year was one of the “toughest sales markets” ever in London and expected earnings to drop 80 per cent on the previous year. The company said it expected market conditions to remain challenging this year. Read more: UK house prices growth falls to six-year low in weak start to 2019 It [...]
UK house price growth falls to six-year low in weak start to 2019 January 31, 2019 UK house prices almost stopped growing altogether in January as the annual growth rate fell to almost a six-year low, figures reveal today. The 0.1 per cent growth rate was just a fifth of December’s own sluggish 0.5 per cent rate of annual growth, Nationwide’s data showed, and its worst since flat growth in February [...]
London house prices dip over 2018 January 30, 2019 London house prices dipped in 2018, with uncertainty looming large over the capital in spite of double-digit growth across many of the UK’s other major cities. Property prices in London tumbled 0.2 per cent last year, according to new data which underlines fears of a slowdown in activity across parts of the capital’s housing market [...]
Hilton steps up UK presence with four new hotels in £200m partnership January 28, 2019 Hilton is ramping up the size of its UK hotel empire after announcing a £200m investment partnership with private equity business Dominvs Group today, as it plans to build three more hotels in London and one in Bath. Among the new acquisitions are two hotels on either side of the Square Mile, with Creed Court [...]
Lloyds unveils family mortgage offer to help millennials buy a home January 28, 2019 Llloyds Bank will allow first-time buyers to avoid saving for a deposit by allowing parent’s savings to be used in its place. The Lend a Hand mortgage, which is 100 per cent loan-to-value, launched today removes the need for a deposit which is instead provided using the savings of the buyer's family member who can [...]
Sharp rise in property values for UK’s top shared office space providers January 28, 2019 The value of property owned by the UK’s biggest shared office providers soared by more than a third last year. In a sign of the growing flexible workspace market, the value of the industry’s top ten share office providers’ property jumped 35 per cent to £13.6bn last year. The new data, released by real estate [...]