City Moves for 20 October 2014 | Who’s switching jobs October 19, 2014 Secure Trust Bank The bank, a subsidiary of Arbuthnot Banking Group, has appointed Neil Clinton as regional sales director. He joins from Barclays, where he was head of its UK large corporate asset based lending team. Clinton has over 30 years’ experience in banking and invoice finance. Investec Wealth & Investment The wealth management firm [...]
Beware programmatic advertising: Big brand ads are cropping up on illegal websites – here’s how to stop it October 19, 2014 Advertisers have been drawn in like a moth to a flame by programmatic buying’s ability to increase ad spend return on investment and improve targeting. According to the IAB, in 2013, 28 per cent of the £1.86bn spent on display advertising in the UK was traded programmatically, and it has been forecast that the proportion [...]
London property prices: In 16 weeks the value of this three bed terrace shot up £340k October 17, 2014 While the data is telling us the London property market is cooling, there are still plenty of signs of just how crazy it can be. Here’s one. It’s not a super skinny house with a bed next to the kitchen, no, this time, it’s an almost average house in zone 2- but its value has [...]
Kingston’s Bentall Centre up for grabs with £200m-plus price tag October 16, 2014 Bentall shopping centre in Kingston upon Thames has been put up for sale after one of its owners appointed advisers to sell its 50 per cent stake, with a price-tag of around £200m. It is one of the busiest malls in Greater London, with 700,000 square feet of space and 14m visitors a year from [...]
Labour plans to double number of first-time buyers October 16, 2014 The Labour party will set out plans to give first-time buyers top priority by handing more powers to local communities in England for new house building. The party will pledge to double the number of first-time buyers over the next 10 years should it be returned to office. Furthermore, Labour wants 200,0000 homes a year [...]
Johnson defends London and foreign investment in property October 15, 2014 LONDON mayor Boris Johnson yesterday stood up for foreign investment into London, dispelling claims that they were in part to blame for the property crisis as “absolute rubbish”. One of the developments Johnson may have had in mind was the Qatar-backed Shard when he spoke at Mipim UK, the inaugural property trade show in London’s [...]
Save money on your international currency transfers October 15, 2014 Sterling has had a tumultuous 2014, with the pound hitting a five-year high against the US dollar at $1.71 back in July, and reaching a two-year high against the euro of €1.27, but there were plenty of ups and downs to come. In the build-up to the Scottish referendum, a surprise poll which put the [...]
EU: Stamp duty is such a drag on transactions October 14, 2014 BRITAIN’S housing market is inflated by tax rules, which push up prices, and is left vulnerable to booms and busts because of stamp duty, the European Commission (EC) warned in a report yesterday. Transaction taxes such as stamp duty can cost buyers tens or even hundreds of thousands of pounds on each purchase, forcing them [...]
Africa isn’t a country: Don’t judge this thriving continent by the Ebola crisis October 14, 2014 REPORTS of people cancelling safari holidays in Kenya and South Africa due to fears of Ebola (over 3,000 miles away in Guinea, Liberia and Sierra Leone) are the latest manifestation of the devastating impact on African economies wrought by the perception of Africa as one homogenous place. Nowhere else in the world would 54 countries, [...]
Property conference targeted by residents, unions and campaigners hoping to #BlockBoris October 14, 2014 For those planning on attending the annual property conference Mipim this week, the fact it is in dreary old London rather than sunny Cannes is not the only change in normal proceedings. The trade show, which expects to welcome 4,000 property delegates to its Olympia location, is being targeted by groups including anti-gentrification campaigners, empty [...]