Legal & General has bumped up the price of its property fund saying saying conditions have stabilised July 18, 2016 Legal & General has increased the price of its property fund, saying conditions have stabilised since the week in which several similar funds suspended trading. The firm has reduced the fair value adjustment on its property fund from minus 15 per cent to minus 10 per cent, which led to the fund price going up by 4.3 per [...]
Swim with the pigs in the Bahamas: How domestic swine became big business for the paradise islands November 13, 2017 On 9 September the ocean around the Bahamas’ Long Island and the Exumas vanished. Where there should have been endless stretches of aquamarine, there was mile upon mile of muddy grey sand, flecked with seams of stringy kelp, all set against a foreboding backdrop of slate-grey cloud. Sandwiched between hurricanes Irma to the west and [...]
Commercial real estate share prices suffer as future of the City hangs in the balance after the Brexit vote July 4, 2016 The share prices of commercial real estate share prices have suffered today after the Brexit vote put the future of London's financial district in peril. Liberum analysts said today that the risks surrounding commercial real estate have increased as the future of offices in the City is likely to remain uncertain for a long time. Read more: Nearly a [...]
City Moves for 21 September 2016 | Who’s switching jobs September 21, 2016 Forsters Private client and real estate law firm Forsters has appointed Heather Corben as a partner in its tax practice.Heather is a senior tax lawyer, with many years' experience advising clients on complex tax issues arising from corporate and real estate transactions and structures. She has advised a range of major property companies and funds including British Land, Axa REIM, Brockton [...]
What happened when we got a job picking weed in California’s booming cannabis industry March 5, 2018 The rugged wilderness of Humboldt, Mendocino and Trinity Counties, northern California’s “Emerald Triangle”, produces over half the cannabis consumed in the US. Every year, from September to December, the region swarms with seasonal agricultural workers known as “trimmers”, or “trimmigrants”, here to work the land to supply America’s legion of stoners. For years the going [...]
General Election 2017: Dear Prime Minister, please listen to British business June 5, 2017 morning I am pleased to support an open letter signed by over 50 entrepreneurs, leaders and experts from across the UK. This letter will be delivered to the successful party elected to government on Thursday evening. The accompanying report, by The Entrepreneurs Network, “A Boost for British Businesses”, includes the ideas and policy proposals of [...]
Jaguar Land Rover is driven to new heights by 40 per cent surge in Chinese sales March 7, 2017 Jaguar Land Rover roared to a record year in 2016 and it shows no sign of taking its foot off the pedal. The British car giant has reported its best ever February retail sales of 40,978 vehicles, up nine per cent on the same period last year. It was driven by strong demand in China [...]
Housebuilders suffer second day of share price falls in a row July 5, 2016 Housebuilders are off to a bad start again today as share prices in the UK's biggest property companies are falling for a second day in a row. Despite announcing a six per cent rise in sales, Persimmon's share price slipped by 3.9 per cent in early morning trading. Read more: UK property funds could be in [...]
Britain needs future-facing leaders, not nostalgic dinosaurs like Rees-Mogg and Corbyn September 8, 2017 Jacob Rees-Mogg – committed Brexiteer, potential contender for the Conservative leadership, and devout Roman Catholic – is against abortion and same-sex marriage. Who would have guessed? Rees-Mogg’s comments on ITV on Wednesday, especially his assertion that a rape victim should be forced to carry an unwanted pregnancy to term, raised eyebrows among the commentariat. But [...]
Autumn Budget 2017 at-a-glance guide: All the announcements by chancellor Philip Hammond you need to know November 22, 2017 Chancellor Philip Hammond has unveiled the Autumn Budget, saying the UK must “seize the opportunities” for Britain and promised to invest “to secure a bright future”. Now we’ve heard plenty about what was expected from today, from a concerted focus on housing, to a regulatory revamp for driverless cars and a slew of tech spending. [...]