Teddy Sagi’s Labtech sells Holborn Links Estate for £245m March 2, 2020 Labtech, the property investment firm owned by billionaire businessman Teddy Sagi, has completed the sale of Holborn Links Estate, which includes the historic Sicilian Avenue, for £245m. Investors Tristan Capital Partners and Cording Real Estate Group have bought the West End office and retail portfolio to capitalise on the opening of Crossrail stations at Tottenham [...]
Snakes and Ladders: Who is moving jobs in the City this week? November 18, 2020 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. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
London house prices rebound with 2.3 per cent growth after election February 19, 2020 London house prices grew at their fastest rate in 15 months in December following Boris Johnson’s election win, official figures showed today, as UK house prices also rose. Homes in the capital enjoyed a 2.3 per cent rise to £484,000 after a 2019 full of falls, according to the Office for National Statistics (ONS). The [...]
UK fund markets buoyed by ‘Boris bounce’ February 6, 2020 The UK fund market has benefited from the ‘Boris bounce’, ending the year with December inflows of £3.6bn. The net retail sales for the month were more than double the November figure and the biggest monthly inflow since January 2018, according to the latest figures published by the Investment Association (IA). On an individual fund [...]
Crest Nicholson blames Brexit uncertainty for profit plunge January 28, 2020 Crest Nicholson’s profit plunged 39 per cent to miss revised forecasts in a terrible year for the housebuilder, it said today. The figures Profit before tax sank from £168.7m in 2018 to £102.7m for the year ending in October. That missed guidance of between £120m and £130m, the result of last October’s profit warning. Profit [...]
Property of the Week: This £20m Fulham mansion has The Hurlingham Club and a heliport on its doorstep January 10, 2020 Cinema, swimming pool, sauna, bar, wine storage. These are things most of us can only dream of having in our homes – but that’s what one super-rich buyer will be getting if they snap up Fulham mansion, New Lodge. New to the market with a jaw-dropping £20m price tag, the six-bed, six-bath home on Broomhouse [...]
Our three-year journey creating the INX token, the first SEC-registered Security Token IPO! December 7, 2020 It was considered an astronomical undertaking, but during the 2017 ICO boom, I knew that it was high time for a major shift to take place in capital markets: The regulation of blockchain assets under the Securities Act. ICO’s at that time were considered relatively new to financial markets, but since they weren’t IPO’s, they [...]
Taylor Wimpey warns of squeezed profit margin for 2020 February 26, 2020 Flat house prices amid 2019’s prolonged Brexit uncertainty hurt Taylor Wimpey’s profit margin last year, with no recovery expected in 2020, it revealed today. The figures Taylor Wimpey’s profit before tax climbed 3.1 per cent year on year to £835.9m in 2019. But weak house price growth and building costs knocked the firm’s operating profit [...]
Coronavirus: Sainsbury’s to extend supermarket opening hours from Monday April 24, 2020 Sainsbury’s will extend its supermarket opening hours from Monday in a bid to keep its staff and customers safe from coronavirus. It is one of a number of measures boss Mike Coupe announced yesterday to help Sainsbury’s cope with increased demand. Currently Sainsbury’s is open from 7:30am to 8am Monday to Saturday for NHS workers. [...]
What top London chefs really think about Instagram May 14, 2021 Heston Blumenthal is famously exacting about the dining experience. He tries to create “sensory memories”, controlling not only the way his dishes look and taste, but what his diners are listening to while they eat. His The Sound of the Sea, a signature dish at The Fat Duck, came with an iPod Nano playing, well, [...]