Rics: Political chaos pushes London house prices down in November December 12, 2019 Political uncertainty held back London house prices in November, a new survey has shown, with gauges of demand and sales stuck in negative territory. Property company owners are hoping that today’s General Election will provide a clearer political and economic picture that could boost the struggling market. Falling prices have lessened London’s affordability problems, however. [...]
Next suspends online shopping amid UK coronavirus outbreak March 27, 2020 Next has suspended all online operations in order to protect staff amid the UK coronavirus outbreak. The high street retailer said it has made the “difficult decision” to keep warehouse and distribution staff safe as the number of UK coronavirus cases continues to rise. The company said in a statement last night: Next has listened [...]
Sports Direct hikes prices after store closures amid coronavirus crisis March 24, 2020 Mike Ashley’s Sports Direct has reportedly hiked the price of some sports equipment by as much as 50 per cent amid the coronavirus crisis. The retailer has increased the price of exercise equipment such as skipping ropes and weights, according to documents seen by the Press Association. It comes on the same day Sports Direct [...]
Weekly outlook, 9-13 November: Investors shift their focus back to the UK economy November 9, 2020 Investors were kept busy with the drama across the Atlantic last week, but they’ll soon want to focus back on the UK in what will be a busy week of results and economic updates. After a nail-biting election, markets will likely be considering the implication of a Biden presidency. But with GDP and unemployment figures [...]
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, [...]
London homes take longer to sell than other UK cities October 30, 2019 Property owners seeking to sell their homes in London could be forced two wait an extra two weeks compared to other major UK cities, as the capital suffers from weak market conditions. Residential properties now take 14.5 weeks to sell, more than one month longer than it took to complete a sale in 2016. Read [...]
UK landlords prepare to sell due to tax increases and reforms January 8, 2020 A quarter of landlords are planning to exit the market this year, citing tax increases and government reforms as the main driving factors behind the decision to sell, a new survey has found. The survey of UK landlords found that 26 per cent were preparing to sell at least one property this year, partly due [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 2, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Brown Advisory expands London office with senior hires Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. [...]
The three Cs driving WFH and their impact on global cities January 5, 2021 Investors in the office sector face a divergent picture due to the working from home (WFH) trend, says fund manager Tom Walker. Recent encouraging news regarding a Covid-19 vaccine means many of us are looking forward to resuming our “normal” lives. Getting out of the house will be top priority for many, particularly those of [...]
Apple’s diversity chief exits as pressure mounts on Cook to testify June 17, 2020 Apple’s head of diversity and inclusion Christie Smith has stepped away from the firm, following the launch of its $100m fund to tackle racism. Smith is said to have officially left her role this week, though her move was planned two months ago, Bloomberg reported. Apple committed $100m to a new programme dedicated to racial [...]