Savills: On target for 2018 but 2019 prospects overshadowed by uncertainty January 15, 2019 Property giant Savills delivered mixed messages to the City this morning after warning of future uncertainty despite maintaining expectations for its 2018 performance. Shares dipped two per cent in late-morning trading after it said its 2019 outlook was clouded by macro-economic and political volatility. The group said that it was forecasting to see transaction volumes [...]
City moves for 15 January – who’s switching jobs at Leathwaite, Blend Network and Quantexa? January 15, 2019 Who’s on the move? Leathwaite Leathwaite, the global human capital specialist firm, announces that Dena Brumpton is to join its board as a non-executive director. With over 30 years’ experience as a senior financial services professional, most recently as chief executive for Barclays savings, investments and wealth management, Dena Brumpton is regarded as one of the [...]
Big brands doing big deals show the UK sports sponsorship industry remains in rude health January 14, 2019 January is typically the time to look forward, to forecast and predict what will happen in the coming year. To understand the state of the UK sponsorship industry, however, it’s more worthwhile to look at what happened in the months leading up to Christmas. Rewind to the week after Black Friday in December and big [...]
CapitaLand to buy real estate group in Asian mega-deal January 14, 2019 Plans to create Asia’s largest real estate investment manager were revealed today after Singapore’s CapitaLand said it will pay $8bn (£6.2bn) to buy logistics and industrial assets from Temasek. The Singaporean developer is purchasing the holding companies for a combination of cash and stock from the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate [...]
Let Jeff Bezos be a lesson: Have a plan for if your marriage ends January 14, 2019 Amazon chief Jeff Bezos and his wife MacKenzie have announced that their marriage is ending, likely leading to the largest divorce settlement in history. Though the couple has asserted that their separation will be amicable, the divorce proceedings could still be complex, highlighting the risks to entrepreneurs when marriages end. The law in Washington State, [...]
FTSE risers and fallers: Housebuilders climb on reports of Brexit delay January 11, 2019 Brexit sensitive housebuilders were the biggest risers in the FTSE 100 today after it was reported that the deadline for the UK’s departure from the European Union could be extended. Taylor Wimpey, Persimmon and Barrett Development took the top spots in the FTSE 100 today after it was revealed that a backlog of six essential bills, [...]
House sales fell in 85 per cent of London boroughs in 2018 January 11, 2019 House sales slumped in 85 per cent of London boroughs in 2018 amid a difficult time for the UK’s property market, new data revealed today. London fared worse than the rest of the country in terms of the number of transactions, with a 6.5 per cent overall year-on-year drop compared to a 4.9 per cent fall [...]
Focus On Westminster: The home of Big Ben hasn’t traditionally been home to many Londoners, but nearby Victoria is changing that January 11, 2019 It is a curious truth that while Westminster may be home to the capital’s most famous icons, from Big Ben to the Houses of Parliament, Westminster hasn’t traditionally been home to many Londoners. Its proximity to the seat of government and its grand offices of state inspired companies to sprout up around it, creating a [...]
Nike’s Dutch tax status to be investigated by European Commission January 10, 2019 The European Commission has opened a detailed probe into whether Nike has received an unfair advantage over its competitors by being granted a favourable tax environment in the Netherlands. The Commission said the Netherlands issued five tax rulings since 2006, two of which are still active, which endorsed a method of calculating royalty payments that "may not reflect [...]
Outflows from UK funds hit highest level since the EU referendum January 10, 2019 Outflows from UK funds in November hit the highest level since the EU referendum. Net retail sales were negative, with outflows totalling £2.1bn – the most since the 2016 Brexit vote – as investor caution increased due to international trade tensions, Brexit and market volatility, according to the latest figures from the Investment Association. Fixed income [...]