New Bond Street named the third-most expensive shopping street in the world November 14, 2018 West End thoroughfare New Bond Street has been named as the world’s third-most expensive shopping street today in a new global survey. Rent on New Bond Street came in at $1,744 (£1,344) per sq ft per year, behind the main street of Hong Kong’s Causeway Bay on $2,671 per sq ft and Upper 5th Avenue [...]
Commodity 2019 outlook: Will global growth slowdown force more OPEC production cuts? January 7, 2019 Oil prices steadily climbed during 2018 as the Organisation of the Petroleum Exporting Countries’ (OPEC) agreed production cuts helped stem the global oversupply. The US withdrawal from the Iran nuclear deal saw Washington place new sanctions on the OPEC member, and crude surged to four-year highs on expectations of a significant reduction to the global [...]
Great Portland Estates sells off £65m building home to Ottolenghi’s new restaurant October 3, 2018 A West End property block home to Yotam Ottolenghi’s new flagship restaurant was snapped up by an overseas investor for £65m today. Read more: Soho House boss says second City of London venue has not been ruled out Great Portland Estates (GPE), a FTSE property developer, sold off 55 Wells Street to an undisclosed foreign buyer [...]
Working nine to five – is it how we make a living? February 28, 2019 For years, workers have resented the 40-hour working week. The iconic title track of Dolly Parton’s movie, now a high-profile West End musical, shines a light on these frustrations. “Working nine to five” is a byword for inflexibility, few prospects, and insufficient pay. But is the nine-to-five working week a thing of the past? According [...]
Crossrail chairman Terry Morgan ‘in no doubt’ that Sadiq Khan was told about project delay in July December 3, 2018 The soon-to-be sacked HS2 chairman Terry Morgan has insisted he told Sadiq Khan that the £15.4bn Elizabeth Line was not going to open on time at least a month before the London mayor said he knew about the delay. Morgan, who has led the Crossrail project for a decade, told the BBC that he was in "absolutely no [...]
Brexit impasse sends UK business confidence plummeting, new surveys show April 15, 2019 The political crisis surrounding Brexit has sapped confidence from some of the UK's biggest and smallest companies alike, as crunch talks between Labour and the Conservatives reach a “delicate stage” this week. Read more: MPs could be forced to choose a Brexit option if talks with Labour fail More than eight in 10 finance chiefs [...]
Central London commercial market booms as tech giants move in October 16, 2018 An influx of tech and creative giants has bolstered the capital’s buoyant commercial property market in the last three months, with business space under offer rising across central London. Facebook’s arrival in King's Cross significantly boosted office take-up levels, after the tech giant took more than 600,000 square feet (sq ft) as its new London [...]
The era of security tokens December 4, 2018 A year ago, the enforcement team at the SEC would have assembled around a large table to discuss how to deal with the booming ICO market. Crypto currency start-ups had overtaken Venture Capital in fund-raising and had caught everyone off-guard. Observers around that table would have heard stories of multi-million dollar scammers, rampant and unrealistic [...]
Digital Innovators: three market transforming companies leading business into the world of tomorrow May 9, 2018 Technology has become one of the main driving forces of the world economy, allowing businesses to become more productive and efficient, and helping to create new types of jobs. Data analytics and machine learning mean that artificial-intelligence powered devices are becoming faster and smarter, able to solve all sorts of problems and tasks. These three [...]
Mauricio Pochettino must balance Tottenham’s Champions League dreams with importance of securing Premier League top four May 2, 2019 Tottenham could be forgiven for looking past this weekend's trip to Bournemouth to the all more attractive proposition of facing Ajax in Amsterdam next week for a place in the Champions League final. The reality is, however, that Saturday's early kick-off presents Spurs with the chance to seal their position in the top four and a [...]