What you need to know before the open May 14, 2014 Markets are expected to pause somewhat today, keeping their powder dry ahead of the Bank of England’s inflation report. US markets hit a record high again yesterday, buoyed by hopes that the ECB will act next month to ease monetary policy. Final inflation numbers from Germany and France could give analysts some clues as to [...]
Car industry set to create 50,000 jobs as reshoring takes hold December 5, 2014 The automotive industry is set to create a 50,000 new jobs as it reshores, according to research from Lloyds bank. British manufacturers will bring jobs back to the UK over the next couple of years to make more of an impact in the green auto market. Companies are choosing Britain, according to Lloyds, to shorten [...]
As Apple’s iPhone 6S lands will mobile payments change the way we live? December 11, 2015 Today’s smartphones can do incredible things. Need a ride around London? Just tap the Uber app. Fresh flowers or food from a local restaurant delivered straight to your door? Try Bloom & Wild or Deliveroo. These apps are fantastic, but there's a new smartphone feature set to fundamentally revolutionise the high street and how [...]
Land Registry: UK house prices have fallen 0.2 per cent since August October 28, 2014 UK house prices have fallen since August, data published by the Land Registry today showed, offering further evidence of a cooling market. The Land Registry, which uses price paid data as opposed to asking prices, said prices have fallen 0.2 per cent since August, despite rising 7.2 per cent in the year to September. [...]
EU warns Cameron: Not paying €2bn bill will open a Pandora’s box October 27, 2014 As the Prime Minister stood up in parliament to proclaim Britain "will not be paying" the €2bn bill that landed on his doorstep last week, a senior member of the European Commission was warning the British government that not to pay would be to "open a Pandora's box". Jacek Dominik, the EU's budget commissioner, told [...]
London Report: Inflation report to give clues for future rates rise May 11, 2014 ALL EYES will be on Bank of England governor Mark Carney this week when he delivers the week’s big economic set piece event with the Bank’s quarterly inflation report on Wednesday. Investors will be hoping his forecasts for growth and inflation give a clearer signal about when interest rates will finally rise. Britain’s growth forecasts [...]
BBC’s Nick Robinson brings political gags to WPA lunch to the Grosvenor Hotel on Park Lane November 20, 2014 It was a tight squeeze in the Grosvenor Hotel on Park Lane yesterday as the Westminster Property Association (WPA) held its annual lunch, with more than 1,000 attendees from the likes of Land Securities, Grosvenor Estate and the Crown Estate. “We’re really selective about our membership, as you can see from the room today,” laughed [...]
FTSE 100 slips on weak British economic data – London Report January 6, 2015 UK SHARES fell for a third-consecutive session yesterday, and the pound traded lower against the dollar, as weaker-than-expected economic data weighed on British assets. The blue chip FTSE 100 fell 0.8 per cent, or 50.65 points, to 6,366.51, bringing its three-day loss total to three per cent. The index fell two per cent on Monday, its [...]
The man with $33bn to spend on property May 22, 2014 Karsten Kallevig is the head of real estate at the world’s largest sovereign wealth fund, Norges Bank Investment Management. And that means he’s got at least $33bn (£19.6bn) to spend on expanding its real estate portfolio, Bloomberg reports. The $860bn Norwegian fund, used to deposit the country’s petroleum revenue, got the go-ahead to move into [...]
Financier divorce could lead to Britain’s biggest ever pay out: Here are some of the U.K.’s largest divorce settlements to-date November 11, 2014 Hedge fund founder divorce could lead to Britain's biggest payout: here are some of the U.K.'s largest divorce settlements to-date For the super wealthy it pays to divorce in London. This is because divorce judgements handed down in British courts traditionally favour the less wealthy partner. One case that's currently in the British courts is [...]