Henderson on track despite market hiccups October 30, 2014 CHOPPY markets failed to stem the tide of assets flowing to fund manager Henderson Group yesterday after it reported quarterly inflows of £1.4bn. The FTSE 250 listed group, originally formed to manage the estate of railway magnate Lord Faringdon, said investors pulled £10m from its European equities products but gains elsewhere pushed the group forward. [...]
A Scottish castle for the price of a London one-bed? Yes, please October 30, 2014 Alright, so London might have the culture and bustle – but let's face it, when you have to fork out £550,000 to buy a garage, something's not right. Perhaps it would be better to give it all up and head north – where the air is clean and property prices are pretty reasonable. Take, for [...]
UK Vs Ireland: Where’s the best place to do business? Here’s how they compare on ten factors October 30, 2014 When it comes to doing business, which country is more favourable? Singapore has, once again, been named the best place to do business according to the World Bank’s annual rankings. It’s the ninth year in a row the Asian city has topped the league, but closer to home, the UK and Ireland have both become [...]
In pictures: Here’s what the UK’s most expensive garage will look like once it’s redeveloped October 30, 2014 A garage off the King's Road in Chelsea has sold for a staggering £550,000, it has been reported, having been on sale for a mere two weeks. The garage, which even by outbuilding standards is pretty ramshackle, is 11ft by 7ft – that's enough space for one car. Source: Google Maps The plan had originally [...]
Cheesegrater office letting smashes City record October 30, 2014 A letting at newly-completed skyscraper the Leadenhall Building – known to its friends as the Cheesegrater – has set a new price record for the City of London. Industry magazine Property Week reported today that US-based insurance firm FM Global is understood to have agreed a deal to take the 7,700 sq ft 41st floor [...]
Carlyle Group misses the Beats after fund stakes weigh on firm October 29, 2014 Buyout company Carlyle Group was undone by its non-buyout interests last quarter despite a boost from its $3bn (£1.86bn) sale of headphone maker Beats. The Washington-based company, which has a range of interests from buyouts, hedge fund investments and property, said economic net income (ENI) fell 15 per cent to $166m in the third quarter. [...]
City Moves for 30 October 2014 | Who’s switching jobs October 29, 2014 Rule Financial Tony Sodhi has been appointed managing principal at the specialist business consulting group. He was most recently head of post trade operations at a niche consultancy, and has also held senior roles at KPMG/Atos and FX IT. Barclays Solomon Soquar has been appointed head of global investments and solutions in the bank’s wealth [...]
London house prices: Year-long boom comes to an end October 28, 2014 London house prices fell steeply in September, following a year of exceptional gains across each of the capital’s boroughs. Data published yesterday by the Land Registry shows London house prices fell 0.7 per cent in just one month. However, prices are still elevated; they are 18.4 per cent higher compared with September 2013. The price [...]
Autumn Statement 2014: Business rate reform will boost job creation, says British Retail Consortium October 28, 2014 The British Retail Consortium (BRC) has written to chancellor George Osborne ahead of this year's autumn statement urging a reform of business rates to encourage investment and job creation. Retailers have long complained about the current system, under which rates have risen disproportionately to rent and other taxes. BRC figures show market rents [...]
London house prices: The capital could have 500,000 new homes worth £200bn by 2024 October 28, 2014 Although the rise of house prices in the capital has slowed for now, the housing crisis remains a major issue – so new data showing London's property market could grow by over £200bn over the next 10 years is encouraging. Estate agent Stirling Ackroyd says that although 570,000 new homes will be needed to satisfy [...]