After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Blame Brexit: International investors shun prime London property May 23, 2016 The proportion of international buyers and sellers in London property fell in the first quarter of 2016, according to research released today, despite a fall in sterling making UK property relatively attractive. The effect was strongest in central London, but there has also been reduced activity in overseas nationals across the whole of London. The research [...]
Commercial development approvals stall in 2016 as lack of finance for small developers bites May 23, 2016 Planning permissions for commercial property developments across the UK hit their lowest level since 2009 last year. The dip has been blamed on a lack of available finance for smaller developers, according to peer-to-peer property funding platform Saving Stream. Large developments have held steady at 2,000 per year since 2010 though the number of smaller [...]
Brexit: If the pound weakens, is it such a bad thing? May 22, 2016 Sterling has been swinging as the threat of a potential British exit from the EU looms large. The pound has fallen by eight per cent against the dollar in the last year. It reached a two- and-a-half year low in April, as international investors sold out of sterling assets. The pound then rose last week as [...]
Watch out bitcoin: Competitor cryptocurrency Ethereum’s value is already up 1,100 per cent this year May 20, 2016 Watch out bitcoin, there's a new kid firmly on the block. Bitcoin competitor Ethereum has shot up in value to become the world's fastest growing major cryptocurrency since the start of this year, growing by 1,100 per cent since the beginning of January. In comparison, the price of bitcoin has grown by around five per [...]
BHS liquidation rumours dismissed: Sale expected “early next week” May 20, 2016 A sale of BHS as a going concern could be revealed as early as next week – but there are still concerns that the iconic retailer may end up being liquidated. A source close to the situation has told City A.M. that bids are still being mulled and it is hoped BHS will be sold [...]
Tata bidders prepare for Monday deadline in race to save UK steel industry May 19, 2016 The seven bidders vying to buy Tata Steel's UK business are racing to finalise their bids ahead of Monday's deadline, City A.M. understands. Indian conglomerate Tata revealed last week that it would take seven bidders forward to the next stage of the buying process. It is unlikely that details of the individual bids will be made public once they [...]
New homes on sale in London this weekend: from Maple & Co’s old furniture factory to apartments near the Hurlingham Club May 19, 2016 The Maple Building, Kentish Town From £525,000 The old Maple & Co furniture factory in Kentish Town has been transformed into 57 one, two and three bedroom apartments and penthouses. The six storey building, which dates back to the 19th century, has been restored by The Linton Group and retains its red brick facade alongside contemporary [...]
Focus on Notting Hill property: Prices may have fallen, but is it all down to stamp duty reform? May 19, 2016 Notting Hill hasn’t been having the best of weeks, if truth be told. On Tuesday, a report from estate agent Stirling Ackroyd revealed that average house prices had fallen in several prime central London locations. In W11, they’ve gone down by 10 per cent from the first quarter of 2015 to the first quarter of [...]
Property of the Week: Poet and critic Ezra Pound’s house in Kensington has doubled in price in three years May 19, 2016 A few times a week, a crowd of tourists gather outside this house on Kensington Church Walk to have their pictures taken with the English Heritage blue plaque outside. Set in a quiet cobbled courtyard, this Victorian townhouse was the home of ex-pat American poet and critic Ezra Pound between 1909 and 1914 and it [...]
Plain packaging: Here are six reactions to today’s High Court ruling on cigarette packets in the UK that will be introduced tomorrow May 19, 2016 This afternoon the High Court ruled against a legal challenge brought forward by big tobacco companies to try and avert new plain packaging laws that will be implemented tomorrow. The world's big four tobacco companies were involved in the legal challenge, which was led by Philip Morris International and British American Tobacco. Japan Tobacco International [...]