After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bond yields in the developed world hit a record low – even the EU referendum won’t stop them falling June 6, 2016 Bond yields across the advanced world have touched a record low. The fall comes as the US looks set to delay its next interest rate hike, the effects of quantitative easing and negative interest rates continue to take hold and political uncertainty mounts. The yield on Bloomberg's global developed sovereign bond index dropped to 0.62 per cent – [...]
More money for proptech: HouseSimple raises £13m from Carphone Warehouse boss June 6, 2016 More money is flowing into up and coming property technology (proptech) companies, with the founder of Carphone Warehouse leading a new multimillion pound investment in online estate agent HouseSimple. Sir Charles Dunstone lead the £13m funding in the firm which ditches the high cost of traditional agency fees, along with his business partner Roger Taylor. An institutional investor [...]
You may love many cars in a lifetime, but you only ever have one first love. For me, it was an Aston Martin June 6, 2016 With 568 British horsepower it’s quite appropriate I should pay a visit to Her Majesty’s stud. Driving down Kings Avenue towards the Sandringham Estate I spotted the stables to the right, a big ‘ER’ embedded in the brickwork, and swung my Aston Martin through the open gate. Within seven seconds a royal protection officer arrived [...]
BlackRock agrees to sell Singapore office spot to Qatar Investment Authority for $2.5bn June 6, 2016 BlackRock announced today that it had agreed to hand over the keys to an office complex in Singapore to sovereign wealth fund Qatar Investment Authority for $2.5bn (£1.7bn). Asia Square Tower 1 consists of 43-storeys of space and more than 1.25 million square feet of area that could be let out. Citibank, one of the building's most notable tenants, has been in [...]
A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
Now Savills has got into online estate agency with its latest investment June 3, 2016 Savills has jumped into the online estate agent market with both feet, after it ploughed "a substantial amount" into "hybrid" estate agency Yopa. Yopa said today that it had raised £16m, including investment from Grosvenor Hill Ventures, Savills' proprietary investment arm. Yopa, which was only launched at the beginning of this year, allows people to [...]
Why the mortgage market is due to be shaken up by the tech revolution June 3, 2016 Scaling the housing ladder can feel like climbing Everest and nowhere more so than in the capital. From saving every penny for a first deposit, to scouring the tube map for the next undiscovered, reasonably priced gem, the affordability challenges are well documented. But there are other unnecessary challenges driven by an outdated industry that [...]
City Moves for 3 June 2016 | Who’s switching jobs June 3, 2016 Dollar UK Dollar UK, a provider of consumer finance – both online and on the high street – has appointed Tony Deakin as its new chief financial officer. Tony, the former CFO of LaSer UK, the consumer finance arm of BNP Paribas, will report directly to chief executive Stuart Howard. Tony is a fellow of [...]
New homes on sale in London: from a Hackney reservoir opened by Sir David Attenborough to Shared Ownership homes in Greenwich and Penge June 2, 2016 Woodberry Down, Stoke Newington From £475,000 Live in an apartment overlooking a protected nature reserve in north east London that hasn’t been accessible to the public for 200 years. Sir David Attenborough re-opened the Stoke Newington Reservoir in April and now the first homes next to it, The Nature Collection, are on sale. Set across [...]
Focus On Southfields: This south west London suburb is bucking the London property trend ahead of Wimbledon June 2, 2016 If you went down to Southfields today, you’d be in for a big surprise. Buying London property is hardly a teddy bear’s picnic at the best of times, but as buyers rush to the leafier outskirts in search of more affordable property, outer boroughs that were once overlooked are finding they’re in high demand. London [...]