After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Remember the fried chicken guide to house prices? Now we know which London boroughs have the most fast food joints October 21, 2016 Remember the guy who, this time last year, came up with a theory that London's best property deals can be found where the most chicken shops are? Well, now the government has given would-be London property investors a helping hand – with a map of the boroughs in the capital which have the most fast food joints. According [...]
Hong Kong stock exchange trading shut down as Typhoon Haima lashes city October 21, 2016 The Hong Kong stock exchange was forced to cancel trading on Friday as Typhoon Haima lashed the city. The closure came after the Hong Kong Observatory issued a tropical cyclone warning signal number eight. Several flights at Hong Kong's international airport were cancelled or delayed also. Read more: Is property a safe bet in China's former [...]
Gross mortgage lending down seven per cent in September October 20, 2016 Gross mortgage lending fell seven per cent last month, but hit the highest September figure since 2007. According to the Council of Mortgage Lenders (CML), gross mortgage lending was £20.5bn in September, down seven per cent month-on-month. Read more: London boss of Barratt Developments arrested on suspicion of misconduct The figure represented a two per [...]
Man Group announces $100m share buyback October 20, 2016 Man Group has this morning revealed details of a proposed $100m (£81.5m) share buyback. The hedge fund said it has entered an irrevocable, non-discretionary arrangement with Merrill Lynch International to repurchase ordinary shares in the company, up to a maximum consideration of $100m during the period from today up to and including 19 October 2017. "The purpose [...]
Foxtons reports decline in revenue in third quarter due to reduced activity in the London property market October 19, 2016 Reduced activity in the London property market hit Foxtons revenues during the third quarter of the year. The estate agents said total group revenue for the three months to 30 September had fallen to £37.5m from £43.5m last year, while sales revenue was down to £12.2m from £18.5m – reflecting a continuation of reduced activity [...]
Tech sector drives demand for London’s offices post-referendum October 18, 2016 The tech sector is driving a return to health for the commercial property sector in central London. According to Knight Frank, there was demand for 9.5m square feet (sq ft) of office space in central London between June and September. This is ahead of the long-term quarterly average of 7.5m sq ft. Read more: How [...]
How to break into hard-to-access funds October 18, 2016 Now more than ever, portfolio diversification is critical. Recent market upheaval following the Brexit vote has begged the question: how diverse should a portfolio be? What should this look like in practice? And given that funds tend to be the most straightforward way for individuals to invest, what alternatives are there to mainstream quoted equity [...]
City Moves for 18 October 2016 | Who’s switching jobs October 18, 2016 Saffery Champness Accountancy firm Saffery Champness has recruited Dermot Callinan as a partner in its Harrogate office. He joins from KPMG, where he recently served as head of the UK private client advisory team. Dermot is a specialist in domestic and international personal taxation and his clients include wealthy individuals (both UK and non-UK domiciled), [...]
London named most powerful global city for fifth consecutive year October 18, 2016 The UK capital has been named the world’s most powerful city for the fifth year in a row, beating the likes of New York, Paris, and Tokyo to the top spot – though Paris is making gains elsewhere. The 2016 Global Power City Index, released today by Japan’s Mori Memorial Foundation, ranked London as the top [...]
Frankfurt has opened its doors to Britain’s businesses following Brexit, and some firms look ready to take up the offer October 17, 2016 Germany's financial sector today revealed it has opened its doors to British bankers displaced by Brexit, and some businesses looked ready to take up the offer. The comments come as a number of key government figures are suggesting they might opt for a so-called hard Brexit, which could see London's financial centre left without access to [...]