Focus on Chiswick: Why are families flocking to west London? November 13, 2014 Many people seem to think that, between oligarchs buying up prime central London and renters occupying the trendy suburbs, the capital is becoming a place of transition. But there’s one place that’s defying that trend: Chiswick. This ancient country retreat, which was once part of Middlesex, is every inch the traditional London village. [...]
The George Clooney effect: Venice’s Palazzo Molin del Cuoridoro is a rare medieval masterpiece November 13, 2014 Two months ago, Paris was overshadowed as the romance capital of the world by Venice. This had everything to do with George Clooney, Hollywood’s smoothest eternal bachelor, choosing the city to host his wedding to British human rights barrister Amal Alamuddin. The world’s media swooped on the waterlogged cultural hotspot and it received some [...]
New Scotland Yard sold: Met police HQ building goes for estimated £250m November 13, 2014 New Scotland Yard, the home of the Metropolitan Police in the heart of London, has been sold for an estimated £250m. The buyer of the 1.7 acre, 600,000 sq ft site in Victoria will be named once contracts have been exchanged, City Hall said today. Details of the deal, including the purchase price, will be [...]
London property prices: Slowing demand in the capital drives national market dip but it’s “temporary” November 13, 2014 A fall in demand for houses from new buyers in London is leading a dip in the national housing market as house price growth remains sluggish. Demand fell for the fourth consecutive month in October, according to the Royal Institute of Chartered Surveyors (Rics) but the number of houses coming on to the market remained [...]
Sainsbury’s to slash prices as profits plunge November 12, 2014 SAINSBURY’S boss Mike Coupe said yesterday that the retailer was “taking the fight to the enemy” as he unveiled plans to cut costs and its dividend to fund a £150m price offensive against its discount supermarket rivals. The grocer’s nine-year run of uninterrupted sales growth came to a grinding halt this year as changing shopping [...]
City Moves for 13 November 2014 | Who’s switching jobs November 12, 2014 Pinsent Masons The law firm has announced the appointment of Meriam Alrashid as an international arbitration partner in its global construction practice in London. A fluent Arabic speaker, she joins from Crowell & Moring and has particular experience in the Middle East and North Africa. Hermes Investment Management Vincent Nobel has been appointed head of [...]
How Hong Kong is planning to become Asia’s answer to Silicon Valley November 12, 2014 Hong Kong has long been a magnet for those seeking business success, and this week the former UK colony is making its case to be Asia’s technology hub of choice. A year on from the inaugural StartmeupHK Venture Forum, Hong Kong will once again welcome hundreds of international founders, investors and policymakers to make [...]
Mike Ashley’s Sports Direct gives up naming rights to Rangers Ibrox Stadium and loans club an extra £1m November 12, 2014 Mike Ashley has given up his rights to rename Rangers football club’s Ibrox stadium and loaned the struggling club an additional £1m. The Sports Direct owner, who also owns a stake in the Scottish club, bought the naming rights two years ago for just £1, but the deal was only revealed in September. The miniscule [...]
March of the discounters: Sainsbury’s share price rises as it promises £150m price cuts November 12, 2014 Newly-installed Sainsbury's chief executive Mike Coupe has taken the bull by the horns, promising a £150m "investment" in price cuts in order to compete with increasingly powerful discounters such as Aldi and Lidl. Investors were clearly impressed: shares rose four per cent as the market opened. The supermarket posted results showing its worst first-half performance [...]
Is Ed Miliband a rational economic person? Or is it all about narrative? November 11, 2014 THE LEADER of the Labour party has provided us with a very effective piece of forward guidance. Ed Miliband’s statement that he would bring in a mansion tax on properties worth more than £2m has already had a dramatic impact. The market for expensive properties in London has more or less ground to a halt, [...]