City Moves for 15 June 2018 – who’s switching jobs at Grayling, Ashfords and Investcorp? June 15, 2018 Today's City Moves covers communications, legal eagles and alternative investments. Take a look at these movers and shakers: Grayling Grayling, the integrated global communications company, in partnership with Citigate Dewe Rogerson, Quiller and other companies in the Huntsworth PR Group, have recruited one of the world’s leading trade and competition lawyers, Shanker Singham, as a [...]
Holiday Homes: Lansdowne Place in Dublin is the latest high profile property development enticing investors to put their money in Ireland June 15, 2018 How far do you need to travel these days to find an investment with a decent return in a wobbly and unpredictable property market? The answer is closer than you think, but it might sound too good to be true. So far, Dublin has charmed global tech companies like Facebook, LinkedIn and Google into building [...]
London house prices continue to fall as capital sees UK’s sharpest drop June 14, 2018 London’s house prices have continued to fall in May, with the capital seeing the UK's biggest decline, according to surveyors. A highly-regarded survey published this morning also revealed that London is the only region where prices are expected to fall further over the next year. The report, published by the Royal Institution of Chartered Surveyors [...]
UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for "trophy buildings" in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
UBS London HQ is sold for £1bn as Asian investment in London real estate rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for “trophy buildings” in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
Fintech and funding: LendInvest’s path from adversity to opportunity June 13, 2018 Entrepreneurs often thrive in circumstances where traditional, established companies struggle – Microsoft, General Electric and Disney were all started during recessions. Nonetheless, 2008 was a precarious time to set up a mortgage business – as LendInvest co-founders Christian Faes and Ian Thomas candidly pointed out during a recent Leap 100 Breakfast. Although the online marketplace [...]
Don’t get caught up in your mortgage lender’s game of Space Invaders June 13, 2018 You might be familiar with Space Invaders – the computer game where you have to shoot aliens. According to UK Finance, that retro 70s game resembles the challenge that lenders face in the interest-only mortgage market. That is, once lenders have recouped cash from the easy targets (or borrowers), they then have to take [...]
CPPIB becomes world’s first pension fund to issue green bonds June 12, 2018 Green bonds will be issued by a pension fund in a world first for the sector. The Canada Pension Plan Investment Board (CPPIB) will become the first pension fund to increase its holdings in renewables and energy efficient buildings. CPPIB, which handles a total of $356.1bn assets, says the sale will put more than C$3bn [...]
As UK house prices soar, first-time buyers struggle much more than mum and dad did June 12, 2018 A third of UK residents preparing to buy their first house are struggling to save enough money for a deposit – six times the proportion of people who bought their first house 20-30 years ago. That’s according to a 2,000-person survey carried out by self-storage company, Space Station, which asked 1,000 Brits who are currently [...]
De Beers just launched a Game of Stones June 12, 2018 Diamond pioneer De Beers has always insisted it would never market man-made, or “fake”, diamonds. It recently made a surprise U-turn, revealing it will soon sell laboratory-grown stones, despite its current “real is rare” marketing campaign. So what has sparked this change of heart? De Beers, owned by Anglo American and the Government of Botswana, [...]