After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Savills investment management launches €300m fund August 8, 2016 Savills investment management has launched a €300m fund on behalf of two Italian investors. The Mercury fund has been launched for CONAD, the largest independent retailer consortium in Italy, and the Italian insurance group Gruppo Cattolica Assicurazioni. The fund will allow three CONAD cooperatives to sell and lease back retail properties across central and northern Italy on long-term leases, [...]
Office capital values in the City of London hit after the Brexit vote August 8, 2016 Commercial property capital values fell in July due to heightened uncertainty after the Brexit vote, and offices in the City of London were the worst hit. Capital values fell by 3.3 per cent, according to CBRE's monthly index, with the value of offices in the City of London falling by 6.1 per cent. Read more: Commercial and City [...]
Here’s how much the UK government made from property taxes last year August 8, 2016 Anyone who thought this year's stamp duty hike on second homes was a bit harsh, we suggest you look away now: new research has suggested the government made a whopping £67bn on stamp duty, council tax and business rates last year. According to figures from the Taxpayers' Alliance (TPA), the government raked in £1.8bn or 2.8 per cent more in 2015 [...]
Lex Deak talks mums on Facebook, setting up a hotel in Marrakech, Dragons’ Den and bitcoin August 8, 2016 I never really considered working for someone else. At 12, I was buying electronics in bulk and selling them at school and via Loot.” This was the start of a fascination with business for serial entrepreneur Lex Deak. Most recently, the 33 year-old launched OFF3R, an aggregator for alternative finance deals. The year before that – [...]
Rio 2016: As non-sponsoring brands get more scope to cash in on Olympic fever, official partners may be getting a bum deal August 8, 2016 Rio 2016 may have be tainted by doping scandals, the threat of the Zika virus, and worries of violence, but if you’ve got the money, sponsoring the Olympics seems like a no-brainer. Around 3.6bn people saw at least one minute of London 2012, and Rio’s audience is expected to be even bigger still, providing the 11 [...]
Challenger bank Aldermore expected to show it can outpace the big players this Thursday August 7, 2016 Aldermore is expected to report a large leap in pre-tax profits when it reveals its half-year results on Thursday. Results released by banking's big players over the last fortnight have been rather gloomy, with HSBC and Barclays both reporting substantial slips in their profits and RBS revealing a £2bn loss. Meanwhile, even though Lloyds Banking [...]
Insurance giant Anbang denies eyeing up £7bn takeover of InterContinental Hotels Group August 7, 2016 Chinese insurance giant Anbang has denied it is eyeing up the FTSE 100-listed hotels chain InterContinental Hotels Group (IHG) in a £7bn deal. Anbang Insurance Group had held talks with City bankers about launching a takeover bid for IHG, which owns the Holiday Inn, Crowne Plaza and Candlewood Suites brands, the Sunday Times reported. However, a spokesman for [...]
Good, bad, ugly? Nobody can agree on what the recent house price data means August 5, 2016 Halifax said this morning that house prices fell between June and July and that annual and quarterly rates of house price growth are slowing. City A.M. has heard talk of buyers wanting 10 per cent off the price of properties because of the Brexit vote, and earlier this week, Knight Frank said prices for high-end houses in [...]
Which Olympic-themed streets have the highest house prices? Zoopla answers the question no one was asking August 5, 2016 In the grand scheme of questions we had about the Rio 2016 Olympics ("Will all the buildings actually be finished by tonight's opening ceremony?", "Could those swimming trunks be any smaller?", etc), "does having the word 'Bolt' in my street name affect the value of my house?" wasn't one of them. But the good people at online [...]
Housebuilder Bellway’s share price climbs after positive set of results August 5, 2016 Residential property builder Bellway's share price climbed this morning after a strong set of results, rising 4.19 per cent in morning trading. But the company said it is "cautious" about how many sites it acquires after to the Brexit vote. Bellway added: "Since the result of the EU referendum, there has been some modest caution from a [...]