“Good result, job done”: Meet the Independent newspaper’s last chief executive July 18, 2016 It’s been a tough year on Fleet Street. Hundreds of national newspaper jobs have been lost. Publishers have suffered double-digit advertising revenue declines. And, if you include Trinity Mirror’s failed New Day, three titles have been closed. Right at the centre of the decision to close the other two of those newspapers – the Independent and Independent [...]
First homes revealed at Quebec Quarter as part of 10-year revamp at Canada Water February 23, 2016 Champagne sits in a bucket, ready to be poured into designer flutes and raised to the unusually high ceiling in the show room of a two bedroom apartment. Earlier in the week, this very room had convinced a cash buyer from Paris to part ways with around £800,000 cash for a second home. These are [...]
Fintech unicorn Powa Technologies calls in administrators as Deloitte formally appointed February 19, 2016 Powa Technologies, one of the UK's only $1bn-plus technology "unicorns", has appointed Deloitte to oversee its potential administration. Hundreds of jobs would be threatened as the company sinks into administration, which could take place as early as this afternoon, City A.M. understands. While Deloitte has been formally appointed, it does remain possible Powa could make a last-ditch rescue attempt. Powa, based [...]
Landlords are switching to company status ahead of stamp duty hike and the upcoming cuts in buy to let tax reliefs March 7, 2016 Landlords are increasingly setting themselves up as companies ahead of upcoming tax changes in the buy-to-let market. Tax breaks which allow landlords to claim for wear and tear on their properties and deduct mortgage interest from their overall tax bill are to be cut from 2017. It’s because the government wants landlords to be taxed on [...]
Britain’s biggest buy-to-let investors Fergus and Judith Wilson sell up £250m Kent property portfolio December 9, 2015 The most notorious buy-to-let investors in Britain have given up a portfolio of properties worth more than a quarter-of-a-billion pounds. The empire of tycoons Fergus and Judith Wilson stretches across Ashford, Maidstone and Folkestone in Kent, but the couple have sold the lot – 900 properties – to Arab investors, the Financial Times reports. One hundred of the homes [...]
We visit one of the last luxury chalets to be built in Courchevel March 3, 2016 Perched high up in the Tarentaise Valley in France’s Rhone-Alpes region, Courchevel 1850 has long reigned as one of Europe’s most expensive and glitziest resorts – ranking top on both Knight Frank and Savills’ prime and ultra prime ski resort indices. Set in the vast Three Valleys area – the largest ski location in the [...]
London housing crisis? Deloitte and other businesses might soon have to build houses for staff January 21, 2016 The ever increasing cost of living in London has led one of the City's biggest employers to consider building its own housing for junior staff. Deloitte has already helped younger staff joining the firm with securing rental accommodation because of the struggles of finding somewhere affordable to live in the capital. But now it has said it may even need [...]
How EggHomes cracked high speed broadband and eco-efficiency in the Lake District April 5, 2016 This year marks the 150th anniversary of Beatrix Potter's birth. Born and bred in the Lake District, her illustrated tales of the adventures of Peter Rabbit and his friends have become quintessential children’s bedtime stories of the English countryside. The founding of the protected 885sq mile Lake District National Park in 1951 has ensured the [...]
The Toyota Mirai is the car you can buy – today – that only emits water February 23, 2016 At a modernist house in North London – designed, built and rented out by one of the partners at Norman Foster’s firm – Toyota showed me the future of the car. It’s a long, funny-looking four-door contraption called the Mirai, with exaggerated rear wheel arches and a fittingly modernist front end. Other car companies talk [...]
Have you seen the houses? Wentworth Golf Club’s chief exec says that locals shouldn’t fear the club’s new £100,000 joining fee February 11, 2016 For a man threatened with legal action by some of the City’s wealthiest banking and finance execs Stephen Gibson, the chief executive of Wentworth Golf Club, appeared calm and composed in the clubhouse’s boardroom overlooking one of the three courses. Since the club was sold to its new Chinese owner Reignwood Group a year and [...]