Dubai real estate firm to sponsor Chelsea for rest of season April 30, 2025 Chelsea have announced major Dubai-based firm Damac Properties as its front-of-shirt sponsor for the remainder of the season. The deal will see the UAE brand on the Stamford Bridge team’s shirts from tomorrow evening, when the Blues take on Djurgarden in the Europa Conference League in Sweden. But the deal will conclude at the end [...]
House prices drop an ‘eye-catcher’ due to stamp duty changes April 30, 2025 UK house prices fell in April at their fastest month-to-month rate in nearly two years, fresh data has suggested, as adjustments to stamp duty knocked demand. Prices declined by 0.6 per cent in April compared to the previous month, according to Nationwide. The drop was attributed to stamp duty changes, introduced by Chancellor Rachel Reeves [...]
Zoopla: Rightmove rival handed £500m price tag April 30, 2025 Online property portal Zoopla has been put up for sale with an asking price of around £500m, it is understood. The company, which was launched in 2008, has put on the market by Silver Lake Partners which has owned the group it forms a part of following a £1.6bn deal in 2018. That group also includes [...]
Marriott to acquire smart hotel brand CitizenM for £266m April 28, 2025 Marriott International will acquire hotel and lifestyle brand CitizenM for £266m as it looks to expand its select-service and lifestyle lodging offerings. CitizenM, which opened its first hotel in 2008, currently operates 36 open hotels – with 8,544 rooms – across more than 20 cities. The brand’s current pipeline includes three under-construction hotels comprising over 600 [...]
Housing wealth held by over-60s hits record high April 28, 2025 Over-60s now control more than half of all housing wealth in the UK, according to new research. The rise in value of homes has been particularly acute for those who own property outright, with above-average growth in the number of older homeowners joining the ranks of the mortgage-free, according to property firm Savills. In total, [...]
Building bridges: the UK’s global tech opportunity April 25, 2025 Britain has the chance to become the world’s most globally connected tech ecosystem, says Russ Shaw As global economic turbulence intensifies – marked by escalating tariff wars, supply chain disruptions, and uncertain investment climates – the UK stands at a pivotal moment. The US – long the dominant force in international innovation – is becoming [...]
London house prices fall fuels sales surge April 24, 2025 Sales of prime central London housing jumped up during the first three months of 2025 as prices fell amid the ongoing global uncertainty. Residential sales activity in the first quarter rose 12 per cent compared to 2024, according to new research from global property advisor JLL. “There are clear signs of renewed confidence across prime [...]
Mark Kleinman: Fintech Growth Fund’s journey ends in Octopus’s tentacles April 24, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Fintech Growth Fund’s journey ends in Octopus’s tentacles It could scarcely have augured more favourably. An investment fund whose creation was recommended by the City grandee Sir Ron Kalifa in his 2021 review of the UK [...]
Paypal to open major office in London landmark April 23, 2025 Electronic payments giant Paypal has signed up to become the first occupier of a redeveloped office building on London’s Southbank. Paypal has agreed a lease for 40,000 sqft on the top floor of the building, a newly revamped Grade II-listed structure next to the National Theatre. Overall, the building will provide another 300,000 sqft of [...]
Foxtons: Sales revenue booms on stamp duty completion rush April 23, 2025 Revenue at London’s largest estate agent Foxtons has risen by a quarter, driven by the large number of completions brought forward to benefit from stamp duty relief. The company said that overall revenue rose by 24 per cent in the three months ended March 31, with a 73 per cent rise in sales revenue. Foxtons [...]