After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
UK house prices: This map shows every house price at nearly every railway station in England, Scotland and Wales July 20, 2016 For many first-time buyers, the path to property ownership is moving out London. But when you have a job in the capital, that's easier said than done. Step forward, online estate agent Emoov, which has produced a map of the average house price in the area surrounding almost every train station in the UK – [...]
A luxury flat in this Nine Elms development failed to sell even after its price had been slashed from its 2013 level July 20, 2016 In further signs that the luxury housing market in London is starting to sag, it has emerged a sub-penthouse in the Nine Elms development has failed to attract a buyer willing to take it for its 2013 price-tag. An advertisement on property portal OnTheMarket.com showed an investor in one of the phases in the Nine [...]
Retiring to Europe? You should wait until Brexit negotiations on pensions and healthcare access have concluded July 20, 2016 Many Brits approaching retirement dream of moving to the continent. But Brexit has thrown a spanner in the works. Since the referendum, sterling has plummeted against a basket of foreign currencies, including the euro, and question marks loom over expats’ ability to settle elsewhere in Europe. Things look even more chaotic when it comes to financial [...]
Post-Brexit uncertainty won’t derail our commitment to the UK July 20, 2016 Today, the world’s largest international cable company has announced a significant vote of confidence in Britain. The company I run, Liberty Global, the parent of Virgin Media, has announced the next phase of a programme to connect 450,000 additional London premises to the fastest widely-available broadband speeds in the UK by the end of 2018. [...]
Closed-ended investment company assets reach record high despite “challenging” 2016 July 19, 2016 Total assets under management (AUM) in closed-end UK investment companies, including trusts, reached a record high of £141bn at the end of June, according to new figures. The Association of Investment Companies (AIC) today reported that nearly £5bn of assets were added to the total during June. As well as being up from £134bn in June 2015, the amount [...]
Even those EU referendum mail campaigns failed to push up Royal Mail’s letter volumes – but parcels rose July 19, 2016 It's a sign of the times that even one of the most controversial direct mail campaigns of recent years couldn't push up Royal Mail's letter volumes. Good job parcels were looking healthier… The figures In a trading statement today, Royal Mail said group revenue was up one per cent in the three months to the end of [...]
Sales of prime central London properties are now lower than they were in 2008 July 19, 2016 Transaction volumes in prime central property have dipped lower than their last trough in 2008, according to research from property data company LonRes. In the second quarter of this year, there were only 286 sales in prime central London property recorded, lower than the 347 sales recorded in the fourth quarter of 2008. Read more: Buy to [...]
City Moves for 19 July 2016 | Who’s switching jobs July 19, 2016 CBRE Vishnu Reddy, formerly a real estate loan portfolio manager in BNP Paribas’ corporate and investment banking division, has joined CBRE as a senior director and head of transaction management within the capital advisors’ debt and structured finance team. Vishnu has 20 years’ experience working in the sector, both as a lawyer and as a financier, [...]
Shot in the Arm for the City as £24bn mega-deal is agreed July 19, 2016 British tech giant Arm Holdings yesterday agreed to a £24.3bn takeover by telecoms group Softbank, in a move that would go down as the second largest outbound Japanese deal on record. Softbank has pounced for the Cambridge-based chip-maker following a sharp drop in the value of the pound, largely prompted by last month’s vote to leave [...]
Relax! New report predicts UK will avoid severe recession and house pricing crash post-Brexit vote July 19, 2016 The UK can breathe a collective sigh of relief today, as a report revealed the country should avoid a drastic downturn following the Brexit vote. Although the figures from PwC forecast a slowdown in GDP growth for the next few years, they did not project very negative growth. The accountancy giant predicted GDP growth of 1.6 [...]