After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Retail property boss warns against panic selling in commercial real estate stocks July 5, 2016 As the sell-off in commercial real estate stocks and housebuilders continues, a retail property boss has defended the commercial property industry. Speaking to City A.M., Edward Cooke, chief executive of the British Council of Shopping Centres (BCSC) said: "People are panicking and thinking of their short-term interest. "But the fundamentals in the occupier market are [...]
Developer’s share price falls after it downgrades value of Nine Elms site due to falling house prices in central London July 5, 2016 A property company involved in London's Nine Elms development project has downgraded the value of its portion of the site. St Modwen cut £21m off the value of the site due to house prices in the central London area falling by 3.75 per cent. Nine Elms is one of the biggest residential building projects in the UK [...]
Housebuilders suffer second day of share price falls in a row July 5, 2016 Housebuilders are off to a bad start again today as share prices in the UK's biggest property companies are falling for a second day in a row. Despite announcing a six per cent rise in sales, Persimmon's share price slipped by 3.9 per cent in early morning trading. Read more: UK property funds could be in [...]
Balfour Beatty wins £170m Heathrow Airport contract to upgrade baggage screening systems July 5, 2016 Infrastructure firm Balfour Beatty has won a £170m contract to upgrade baggage screening and handling systems for Heathrow Airport. The project will involve upgrading and installing baggage screening and handling systems at Heathrow's eastern baggage facility. The company's share price fell 2.03 per cent in early trading. Balfour Beatty boss Leo Quinn said: "This contract award is testament [...]
Let’s embrace the new opportunities for prosperity Brexit has opened up July 5, 2016 Although we were on opposing sides of the Brexit debate, one the employment minister and the other an asset manager in London, there is one thing we are in absolute agreement on: Britain has opportunities ahead and there is a job to do to ensure the country becomes as great as it can be. We [...]
Brexit has driven down bond yields – and it’s hurting pension funds and banks July 5, 2016 The idea of loaning a government money for no return is absurd. But that’s what’s happening in five European countries, and at some multi-nationals. Investors have been loaning them money for next to nothing, and in some cases even paying for the privilege of buying up the debt. So-called negative yields have been creeping across Europe [...]
Trading suspended on UK real estate fund after post-Brexit vote outflows July 4, 2016 Trading has been suspended on Standard Life Investments’ UK real estate fund in response to increased outflows. The suspension, which came into force at midday on Monday, is in response to “exceptional market circumstances” after the UK’s Brexit vote. Read more: Commercial real estate share prices hit as future of City looks uncertain The company [...]
Peter Thiel-backed “Airbnb for work space” eyes London July 4, 2016 Move over co-working spaces, there's a new way of working in town. A US startup similar to Airbnb but for renting office space and meeting rooms in the short-term that's backed by Peter Thiel's Valar Ventures has expanded to London. Targeting startups which often want to keep costs low, as well as those looking for a more professional alternative [...]
Sainsbury’s gives up its discount dreams as it ditches Netto UK stores July 4, 2016 Sainsbury's is ditching its partnership with European discounter Netto and plans to close 16 Netto UK stores in August. The joint venture between Dansk Supermarked Group's (DSG) Netto and Sainsbury's began in June 2014; around 400 jobs in the stores are now at risk as Sainsbury's focuses instead on its acquisition of Argos owner Home Retail Group. Read more: Sainsbury's has named new chief executive [...]
Britain’s entrepreneurs can look forward with definite optimism to a better world outside the EU July 4, 2016 Peter Thiel, founder of two billion dollar companies (Palantir and Paypal) and early-stage investor in Facebook, argues that two questions determine your approach to life’s challenges. First, are you an optimist or a pessimist? Second, are you definite (a clear plan for the future) or indefinite (hedging your bets)? In sharp contrast to the focus [...]