Elizabeth Line latest: Crossrail reveals images of new London stations ahead of December launch March 22, 2018 Construction of the Elizabeth Line has now entered the final stages, with work underway to wrap up the stations and tunnels ahead of the December launch. Now new images by Crossrail Ltd show the progress made so far ahead of handing over the completed infrastructure to Transport for London (TfL) this summer. TfL will lead [...]
Artificial intelligence fintech investment firm Arkera grabs £4m from investors including Brevan Howard’s Alan Howard April 5, 2018 Arkera, a new fintech app which uses artificial intelligence (AI) to aid personal investing, has raised £4m from investors including the co-founder of hedge fund Brevan Howard. Alan Howard led the funding round along with electronic trading firm XTX Markets, with additional input from payment services firm Docomo Digital, ex-Deutsche Bank chief operating officer Henry [...]
London beats New York as top real estate investment destination for Norway’s massive sovereign wealth fund March 13, 2018 London has overtaken New York as the top real estate investment spot for Norway's massive $1 trillion (£715bn) sovereign wealth fund. The fund, which is one of the biggest investors in the UK and co-owns Regent Street, bought almost £200m worth of London property last year in partnership with the Queen's Crown Estate. These included [...]
Can slowing money growth stall markets? June 19, 2018 It’s fashionable for central banks to be more cautious in the West. TheFederal Reserve is busy putting up interest rates. Many forecast a move up from 2 per cent to 2.5 per cent this year and a further move to 3.25 per cent next year. Meanwhile, the US central bank is also reducing its own [...]
What lies in store for the euro? July 24, 2018 The euro area has made reasonable economic progress in recent years. It has been recovering from the Western banking crash and credit crunch of 2007-9 and from the euro crises of 2011-13. A general calm has descended thanks to Germany and the other surplus countries depositing their money at the European Central Bank (ECB), which [...]
The Tiki Revolution: Here’s our definitive guide to the best tiki bars in California September 1, 2018 To drive the Pacific Coast Highway is the stuff of bucket lists and dreams. On my 500-mile trip from San Francisco to San Diego, I seized the chance to not only to admire the Golden State’s majestic coastlines but also to indulge in an epic bar crawl. My itinerary included stopovers in towns that are [...]
This property investment firm now owns a huge chunk of Seven Dials after acquiring six more shops | City A.M. December 20, 2017 West End investment firm Shaftesbury announced this morning that it has acquired six more shops on London’s Neal Street, in Seven Dials, for £24.6m. This means Shaftesbury now owns a whopping 70 per cent of the shops on the northern section of Neal Street, the busy road which connects Covent Garden Underground station to Shaftesbury [...]
The Petersham at Petersham Nurseries in Covent Garden review: Some decent, basic food for those willing to splurge an obscene amount July 5, 2018 Covent Garden has reinvented itself more times than Madonna, had more facelifts than Mickey Rourke, seen more costume changes than Matthew Kelly. Once a Monk’s vegetable patch, it’s been home to prostitutes and drunks, clowns and mimes, apples and Apple. Before Capital & Counties (Capco) bought the market and the surrounding seven acres in 2006, [...]
UK house prices: London property market continues to cool as national average asking price reaches a record high April 16, 2018 The average price of property coming to the London market fell this month as the UK average price reached a record high, according to Rightmove’s house price index. The capital is just one of two regions to see a drop nationally, with prices decreasing by 0.6 per cent this month. The national average asking price [...]
Howard Shore, Shore Capital founder, leads $40m investment in new Israeli co-working business Mixer February 26, 2018 Shared workspace business Mixer has just nabbed $40m (£28.6m) of funding in an investment round led by Howard Shore, the founder of investment group Shore Capital. Mixer, based in Israel, is hoping to expand into Europe and the US and has a new site planned in Berlin. Shore will now become chairman of the business, [...]