London’s house price slowdown worsens as summer slump hits July 16, 2018 London's house price slump has deepened as the market enters its traditional summer lull, with experts signalling a boon for prospective first-time buyers. The average asking price of a house in the capital is down more than £11,000 compared to this time a year ago, marking the sharpest annualised fall since January. The closely-watched Rightmove [...]
Oxford Street discounts signal a troubling start to the summer for retailers June 25, 2019 The crucial summer selling season is finally upon us, but for retailers on London’s most celebrated high street, all is not well. Big red discounts in shop windows line the parade on Oxford Street, where many of the country’s flagship fashion stores are offering major price reductions in a desperate bid to boost their sales. [...]
London design startup Papier picks up $11m from top UK venture funds September 4, 2019 Personalised stationery firm Papier today closed an $11m (£9.1m) funding round, led by Monica Vinader backer Beringea. Other investors such as Felix Capital, Innocent Drinks’ founders fund Jamjar Investments and Downing Ventures also participated, taking Papier’s total raised to date to $15m. The design company said it will use the funding to accelerate its growth [...]
Mike Ashley’s Sports Direct closes in on Jack Wills deal August 4, 2019 Retail tycoon Mike Ashley’s Sports Direct has emerged as the favourite to buy struggling fashion brand Jack Wills Sports Direct is the preferred bidder for the retailer and a deal could be struck as soon as tomorrow, Sky News reported. Read more: Mike Ashley and Philip Day in battle to buy Jack Wills Sources told [...]
FTSE 100 escapes Europe’s fall as pound drops on Brexit drama October 23, 2019 Britain’s FTSE 100 stock index has escaped the European trend downwards due to the pound falling after the government lost another Brexit vote yesterday. Read more: Boris Johnson to seek general election if EU chooses longer Brexit delay European stock markets have opened broadly lower as investors face up to another Brexit delay and weigh [...]
UK house prices: Ongoing Brexit uncertainty will hurt housing market, says RICS March 14, 2019 UK house prices will continue to plunge this year as prolonged Brexit uncertainty weighs on the market, according to the latest forecasts. Read more: UK house prices: Experts cast doubt on 'volatile' price hike Buyer enquiries, agreed sales and instructions to sell have fallen for the sixth month running, according to the Royal Institute of [...]
The bigger they come: The amazing story of Wentworth Woodhouse, the largest home in England July 24, 2019 You’ve heard of Chatsworth, and Castle Howard, that Brideshead dream. You’ve heard of Blenheim Palace, the Duke of Marlborough’s monumental home. But what about Wentworth Woodhouse, the biggest house in England? Wentworth Woodhouse, the former seat of the Earls Fitzwilliam, could have been a house lost to history. Five miles from Rotherham, it sits in [...]
Stunted house price growth dragged down by London slump July 18, 2018 House price growth in May slowed to its lowest annual rate in nearly five years, according to figures from the closely-watched Office for National Statistics (ONS) house price index. On average house prices across the UK have risen three per cent in the year to May 2018, falling from 3.5 per cent in April and [...]
Bain closes in on $4bn takeover of WPP data firm Kantar July 2, 2019 Bain Capital has entered into exclusive discussions to buy a majority stake in WPP’s data analytics firm Kantar in a deal worth roughly $4bn (£3.2bn). Read more: WPP to sell stake in sports marketing firm Chime Communications The deal would bring to an end a lengthy auction process which has seen bids from a series [...]
City Moves for 30 September – Who’s switching jobs at MJ Hudson, Maven and Impact? September 30, 2019 Today’s City Moves includes MJ Hudson, Maven and Impact MJ Hudson Asset management consultancy MJ Hudson has announced the appointment of Declan Canavan as its new commercial director and a managing director with responsibility for business development. Declan joins the London-headquartered firm from JP Morgan Asset Management where he was managing director and head of [...]