After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank of England was warned over property fund trading suspensions after Brexit July 12, 2016 The Bank of England was warned that property funds could be suspended in the aftermath of a Brexit vote. The Financial Policy Committee (FPC), which is chaired by BoE governor Mark Carney, was briefed by the Financial Conduct Authority (FCA) that the “extent of outflows from these funds and on the possibility that funds could suspend [...]
Halifax House Price Index: UK house prices up 8.5 per cent since last year July 12, 2016 UK house prices rose by 1.8 per cent during the second quarter of this year, bringing the average cost of a UK property to a record £215,582 from £211,868 in the first quarter. And according to the Halifax House Price Index, prices were up 8.5 per cent compared to the same period one year ago, [...]
Rental prices increased in June – but the market has been cooling off during the start of this year July 12, 2016 Rents kept increasing in the three months to June, but there are signs that the growth in the rental market slowed in the first half of 2016 as compared to last year. The average London renter now pays £1,575 per month, up 3.9 per cent on last year. Excluding Londoners, UK renters pay an average £773 [...]
Forget populist executive pay curbs: Prime Minister May should embrace these six policies to revitalise growth July 11, 2016 Predictably, those who demand more government spending both when the economy is doing well and badly are calling for increases to see off any potential post-Brexit slowdown. “Infrastructure spending” is the call of the day, with masses of supposed “shovel-ready projects” with high returns apparently lying around for the government to undertake. Unfortunately, in the [...]
Aberdeen Fund is looking to sell £150m Oxford Street property to meet post-Brexit redemption requests July 11, 2016 Aberdeen Asset Management, which froze its property fund last week thanks to investors making hefty withdrawals, is looking to sell a £150m Oxford Street property, City A.M. understands. Aberdeen has appointed CBRE as brokers for the exchange of 355 Oxford Street, according to sources close to the deal. Read more: Asset managers close the gate on £15bn-£20bn funds [...]
Investor confidence index drops to four-year low after Brexit vote July 11, 2016 Investor confidence has hit a four-year low after the EU referendum result, according to one index. The Hargreaves Lansdown Investor Confidence Index experienced its sharpest monthly fall in five years at the end of June. The index fell from 92 points in May to 67 on 30 June, its lowest value since May 2012, a [...]
London’s richest houses are occupied by slim women… and overweight men July 11, 2016 There is a division in London's wealthiest households, and it's one of waistbands. In the capital's luxury homes, you're most likely to find slimmer women and overweight, unhealthy men (confirming more than a few stereotypes in the process), according to property company Rokstone. In luxury homes priced above £25m in the capital, 90 per cent women [...]
Brexit “terrible” for London – but my asset management firm can only benefit July 11, 2016 Christophe Evain, the French chief executive of FTSE 250 alternative asset manager Intermediate Capital Group (ICG), does not hold back when asked for his view on Brexit. “I think that the result is a terrible one,” he says, speaking to City A.M. from his firm’s offices in St Paul’s Churchyard. “I think the impact on [...]
City Moves for 11 July 2016 | Who’s switching jobs July 11, 2016 K&L Gates The London office of global law firm K&L Gates has added Mayank Gupta as a partner in the firm’s global finance practice. He joins K&L Gates from Mayer Brown in London. With experience spanning leveraged finance, corporate finance, sovereign lending, and emerging markets, Mayank acts for both institutional lenders and multinational borrowers on transactions across a [...]
All the ingredients for growth: D&D London’s Des Gunewardena explains how the restaurant group is building a platform for long-term expansion July 11, 2016 Why has the City become such a vibrant restaurant destination? It’s two things, says Des Gunewardena, chairman and chief executive of D&D London, owner of such Square Mile stalwarts as Coq D’Argent, South Place Hotel, the Paternoster Chop House, and Madison. “A lot of people have started living in East London rather than West and [...]