Grand Union shake-up: London bar owners appoint advisers for sale January 10, 2017 The owners of trendy London bar chain Grand Union have appointed advisers as they seek to sell the business. Leisure property specialist Coffer Corporate Leisure has been taken on to handle the sale of Grand Union, City A.M. has learned. Read more: Craft beer may have just met its match The chain, which specialises in [...]
Daily Express owner and former porn baron Richard Desmond mulling sale of tabloids and other publications to rival Trinity Mirror January 10, 2017 Trinity Mirror shares rose in early trading after it emerged it was in talks with media mogul Richard Desmond to buy a stake in his four UK tabloids and other key publications. Shares rose 2.8 per cent to 100.23p after it confirmed it was in talks with Desmond's Northern and Shell Media Group to buy a minority interest [...]
Why solving the country’s housing crisis means backing – not battering – landlords January 10, 2017 Politics is a strange world, and the year’s events (Trump, Brexit and elsewhere in Europe) are topsy-turvy. But I still find it strange that Britain’s best and most effective form of housing provision, the private rented sector, is coming under such consistent attack. Policies such as changes to the way landlords are taxed, the stamp duty [...]
Rents in London fell slightly in December January 9, 2017 Average rents in London edged down slightly at the end of 2016, but remain more than twice as expensive as rents across the country. In December, London rents fell by 0.13 per cent, to £1,882 per month. Renters in a one-bed flat paid £1,455 on average in December, which represents nearly three-quarters of the average disposable [...]
UK house prices grew 6.5 per cent in December January 9, 2017 UK house prices grew 6.5 per cent year-on-year in December, Halifax said this morning, as it warned that housing demand is expected to drop in 2017. The UK average house price reached £222,484 in the final month of the year, up 1.7 per cent on November's average – the biggest month-on-month growth since March 2016, when [...]
Rolls-Royce launches partnership with engineering giants Amec Foster Wheeler, Nuvia and Arup to build fleet of mini nuclear reactors January 8, 2017 FTSE 100-listed engineering giant Rolls-Royce has teamed up with a raft of British engineering groups to design and build a fleet of mini nuclear reactors. Amec Foster Wheeler, Nuvia and Arup will work with Rolls-Royce, together with the Nuclear Advanced Manufacturing Research Centre, in the effort to make small modular reactors (SMRs). The engineering partnership [...]
Holiday Homes: We travel to one of Spain’s most exclusive sports and leisure resorts to see how it’s been transformed to appeal to modern investors January 6, 2017 When La Manga Club opened in 1972, it was at the forefront of sports and leisure destinations across Europe. It took only two years to build the ground-breaking project in Murcia, south-east Spain, but it quickly became a celebrity hangout for sports and showbiz stars alike. Guests included Kenny Dalglish, Gordon Strachan, Juliet Binoche, Salma [...]
Opinion: Agents are turning into party planners to entice buyers and investors to buy new homes in London January 6, 2017 Last year marked a shift in the central London market. The buyers are still out there – only now they have a broader choice of new homes to buy. This poses a challenge for developers: how do you target a particular group of buyers with precision and make them remember your homes above all the [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that [...]
British American Tobacco drops its nicotine inhaler Voke to prioritise vapour and tobacco heating products January 5, 2017 British American Tobacco (BAT) today announced it would drop its medical nicotine inhaler Voke to focus more directly on products like e-cigarettes aimed at consumers. BAT said it will give up its manufacturing, intellectual property and know-how assets to Kind Consumer, from which it licensed the product, in return for deferred, contingent payments. No financial details were disclosed. Read [...]