How to discover new wines without breaking the bank July 15, 2021 When it comes to choosing a wine, people tend to stick to what they know. A recognisable wine like a Malbec or a Sauvignon Blanc can feel like a safe bet, or you may be wary of mispronouncing a wine you have never seen before to that snooty looking waiter. Restaurants know the more popular [...]
US election: America heads to the polls with 100m votes already cast November 3, 2020 WASHINGTON, D.C. – Polls have now opened across the US on election day, with almost 100m votes already cast through mail-in and absentee ballots. The first polls will close at 11pm London time in parts of Indiana and Kentucky, with a stream of states closing their polls every hour from this point onward. Crucially, not [...]
Government extends Help to Buy scheme due to lockdown delays August 3, 2020 The government has extended the Help to Buy scheme due to construction delays during the coronavirus pandemic. The deadline for homes to have been finished in order to comply with the equity loan scheme has been extended from this December to 28 February next year. The cut-off date for legal completion of the sale is [...]
Welcome to paradise: The most expensive island homes revealed April 8, 2021 A visit to a tropical island may seem like a far-fetched dream for many Londoners, especially after a year spent lockdown. While we may not be able to leave the UK for a jetsetting adventure any time soon, some people are lucky enough to call these exclusive island properties home. From a £109.6m Fijian private [...]
LVMH sales slump drags down other luxury stocks July 28, 2020 Shares in luxury goods giant LVMH fell this morning after the Louis Vuitton owner posted a slump in profit and sales in the first half of the year due to the coronavirus pandemic. The French firm’s share price dipped more than four per cent after it reported a 27 per cent drop in revenue in [...]
From coal to hydrogen: an old mode of transport that’s back in fashion April 1, 2021 MyStory: In the second in a new series of stories about looking beyond profit, Schroders’ Nicholette MacDonald-Brown explains how French train manufacturer Alstom changed its spots. In the early twentieth century rail was a dirty business, burning coal and competing with other transport on the basis of speed, price and luxury. Pollution wasn’t a factor. [...]
Landlord New River converts retail property into residential amid high street turmoil October 8, 2020 Landlord New River REIT is pushing ahead with its plans to convert some of its retail and pub destinations into housing, it announced today, amid a challenging period for the sector. The real estate investment trust announced today that it has progressed its residential conversion opportunities during the coronavirus pandemic. In a trading update this [...]
Shares dive at fashion house Michael Kors as sales miss expectations November 7, 2018 Michael Kors' shares plunged by 15 per cent today after the luxury fashion group missed Wall Street revenue estimates for the first time in almost two years. The owner of brands such as Jimmy Choo saw revenue come in flat year on year at $643.9m (£489.6m) as European store sales dropped 10 per cent in the three [...]
City Moves for 27 January: Who is switching jobs in the Square Mile this week? January 27, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Lombard Odier IM bolsters institutional sales team Lombard Odier Investment Managers (LOIM) has bolstered its UK and Ireland institutional sales team with two new hires. Chris Vogtherr and Claudia Ziebart joined the investment [...]
JD Wetherspoon reveals 66 staff test positive for coronavirus after pubs reopen September 14, 2020 JD Wetherspoon has revealed that 66 employees have tested positive for coronavirus since it reopened its pubs in July but insisted that its venues are safe. The pub chain said many of the cases were mild or asymptomatic, and that 28 members of staff have returned to work after self-isolating. The company, which employs 41,564 [...]