Opinion: Head of Savills’ Auctions on why owner occupiers are still the minority buying homes under the hammer December 8, 2016 Property auctions have changed dramatically over the last 30 years, evolving from small-scale events focused on lower value property, to day-long sales featuring a wide cross-section of the market. And the sector continues to grow. Savills Auctions has sold over £300m worth of property in 2016. Over the past three decades the reasons for selling [...]
Cricket bosses confirm England to stage its first ever day/night Test match October 6, 2016 New ground is set to be broken next summer when England’s clash with the West Indies at Edgbaston becomes the first day/night Test match to be staged in this country. The England and Wales Cricket Board (ECB) has confirmed that England’s showdown with the West Indies, the first Test of the series scheduled to take place between [...]
Opec optimism boosts Brent crude and West Texas Intermediate crude oil prices more than four per cent November 15, 2016 Oil prices rebounded more than four per cent today on renewed hopes of an Opec output cut deal. After falling to a three-month low on Monday, global benchmark Brent crude prices were up 4.3 per cent, or $1.91 cents, to $46.34 this evening, while US sweet crude was buoyed 4.7 per cent, or $2.03, reaching [...]
Tottenham and Uber stadium naming rights deal fails to get off the rank October 26, 2016 Tottenham are not currently in talks with Uber over a deal that would see the taxi app take naming rights to the club's new stadium. The Premier League club are currently holding talks with potential sponsors of the 61,000 capacity stadium but Spurs sources told City A.M. that, contrary to reports, there are no active negotiations [...]
Working Lunch: Think you know what Venetian food is? Educate and treat yourself at the same time at Veneta in St James’ Market December 13, 2016 Veneta St James’ Market, SW1Y WHAT? Everyone knows what Italian food is about, but could you name a distinctly Venetian dish? If you can’t, educate and treat yourself at the same time with a visit to Veneta. Stuffed full of regional delicacies like bigoli (fat spaghetti) and spice trade seasonings (plenty of saffron and cardamom), [...]
The London luxury properties that have had their prices slashed by over 30 per cent December 7, 2016 London's high-end homes are in crisis. House prices in prime central London have been falling since 2014, when former chancellor George Osborne slapped higher rates of stamp duty on homes worth over £1m. This year, he introduced a further three per cent hike for people buying second homes. Read more: This is how far house prices have fallen [...]
Royal Bank of Scotland reveals plans for new structure to comply with UK ring-fencing requirements September 30, 2016 Royal Bank of Scotland Group (RBS) has set out its plans to restructure in order to comply with UK ring-fencing regulations. Legislation requiring the separation of essential banking services from investment banking services will take effect from 1 January 2019. RBS said today that in order to be compliant with its requirements, "we need to [...]
Here are 29 reasons to be cheerful on Blue Monday January 16, 2017 It's Blue Monday, the day officially designated as the most miserable day of the year. Yes, it's raining and yes, you may well be off to see the divorce lawyers today – but that's no reason to be sad, daddy-o. Here are 50 reasons to turn that frown upside-down… 1. The FTSE 100 is on [...]
After subdued 2016, contrained by Brexit and Trump, these bankers are predicting a 2017 bounceback for UK M&A December 19, 2016 Despite mega-deals involving the London Stock Exchange, Arm Holdings, Sky and a big takeover approach from British American Tobacco (BAT), even the most optimistic M&A banker would concede it’s been a somewhat subdued year for UK deals. After a record 2015, a year in which Megabrew was finally agreed and Anglo-Dutch oil major Shell tied [...]
Property transactions fell eight per cent in October November 22, 2016 Property transactions fell eight per cent year-on-year in October, according to figures from HM Revenue and Customs (HMRC). Read more: London's house prices won't rebound until 2020, according to JLL When accounting for seasonal changes in property sales, the number of residential property transactions in October came to 97,640, as compared to 106,120 in the [...]