London house prices: Sub-£1m homes in central London “becoming extinct like the Dodo”, according to Wetherell and Dataloft report February 29, 2016 Remember the Dodo? That's the way affordable homes in central London are heading, a new report has claimed. Within the next 12 to 24 months, apartments costing less than £1m and houses valued at less than £2m "will become extinct across Mayfair and the West End", according to the latest research by Wetherell, with data analysis [...]
Govcoin’s co-founder Robert Kay explains why his firm is using blockchain to change the lives of benefit claimants October 10, 2016 "When you get into this technology, you can let your imagination run wild with it. But as an entrepreneur, you have to focus. You can use a new technology to help those that can pay the most for it, or those who will benefit the most from it. It is our view that distributed ledger [...]
Northern Powerhouse is dependent on productivity, not links to other cities, says Centre for Cities report June 1, 2016 Northern cities must become more productive if the government's plan for a Northern Powerhouse is to become a reality, a think tank has warned. A new Centre for Cities report today said that chancellor George Osborne's ambition will only come to fruition if the focus is on boosting productivity in underperforming cities in the north. [...]
It’s Independence Day for Britain: Now the country needs to find a global role June 24, 2016 “You will think me transported with Enthusiasm but I am not – I am well aware of the Toil and Blood and Treasure, that it will cost Us to maintain this Declaration, and support and defend these States. Yet through all the gloom I can see Rays of ravishing Light and Glory. I can see [...]
Old Europe’s poor record on innovation is a harbinger of long-term stagnation – but don’t expect an easy divorce June 15, 2016 The economic debate around Brexit has been disappointing, with far too many of the points focusing on the short term. Would Brexit precipitate a sterling crisis? Well, if it did, at some point the currency would bounce back. Would it tip us into a recession? Maybe, but recessions come to an end. The key economic [...]
London construction activity slows as Brexit uncertainty and planning delays hit growth April 20, 2016 London's construction market suffered a sharp slowdown over the quarter, despite recent government efforts to encourage more housebuilding and deliver more homes across the capital. The Royal Institution of Chartered Surveyors' construction market survey found that private housing workloads rose at their slowest pace since fourth quarter of 2012, with only 20 per cent more of those working in the [...]
Apple just ploughed $1bn into this Chinese taxi startup May 13, 2016 So now we've found out exactly what Apple was planning to do with (some of) the vast amount of cash it has sloshing around its bank account. Overnight Didi Chuxing, a Chinese rival to Uber, which describes itself as "the world's leading one-stop mobile transportation platform", issued a rather gleeful statement overnight saying it had made [...]
City Moves for 27 May 2016 | Who’s switching jobs May 27, 2016 Payne Hicks Beach Central London law firm Payne Hicks Beach has announced that Virginia Farquharson, a chartered accountant, has been appointed to the newly created director of management role, following the retirement of Peter Black, as managing partner. Virginia has enjoyed a long career at Payne Hicks Beach for over two decades, principally as director [...]
Oil and gas firms are struggling as the industry braces for fresh job cuts June 6, 2016 The UK oil and gas sector is planning further cost cutting to absorb the impact of lower oil prices, putting more jobs on the line. Almost half (43 per cent) of UK oil and gas firms intend to cut costs, new research from the Bank of Scotland has today revealed. Nearly a third (32 per cent) of businesses [...]
City boys go overboard on their whisky order and rack up an £11,000 bill in West End restaurant April 4, 2016 The Capitalist once thought, naively, that five-figure bills can only be racked up by ordering multiple bottles of Dom Perignon from bars in Mayfair or the Square Mile. Our doubts were first raised when, we brought you the news that a group of wealthy tourists managed to spend over £10,000 celebrating the Russian Orthodox new [...]