London’s office market is “highly overvalued” and set for a correction, ratings agency Fitch says October 20, 2017 A leading ratings agency has said London’s overvalued office market is set for a correction next year due to Brexit uncertainty. Fitch Ratings said the core London office market had cooled since the Brexit vote last year, but it remains “highly overvalued”. “Tight office supply has supported prices to some extent, while sterling’s weakness has [...]
Westminster pressure on City watchdog over Saudi Aramco: Nicky Morgan and Rachel Reeves quiz FCA on new listing rules September 8, 2017 Two political heavyweights have cranked up the pressure on the City watchdog over its plans to shake up listing rules which could pave the way for a Saudi Aramco mega-float. The chairs of the influential Treasury and Business, Energy and Industrial Strategy select committees, Nicky Morgan and Rachel Reeves, have written to Financial Conduct Authority [...]
Area guide to property in the Royal Docks November 3, 2017 For many Londoners, the only time they’ve ever been to the Royal Docks in east London is when they’re travelling on business from London City Airport. This post-industrial part of town was once a hive of activity, with boats docking from all over the world, but now you’re more likely to find hotel chains and [...]
Activist investor warns London Stock Exchange against “character assassination” of outgoing boss Xavier Rolet November 21, 2017 Activist investor Sir Chris Hohn today lashed out at the London Stock Exchange (LSE) Group, saying that its board appears to be threatening a “character assassination” of its outgoing chief executive Xavier Rolet. In the latest twist in the LSE soap opera over the alleged forced retirement of Rolet, Hohn called for the Bank of [...]
Addison Lee acquires Tandem Technologies to fuel New York launch September 13, 2017 Addison Lee has acquired a New York-based taxi platform in the latest US expansion plans for the minicab firm beyond its home turf of London. The deal to buy black car service Tandem Technologies from transport operator Transdev will see the launch of the Addison Lee brand in the states for the first time, as [...]
Paris appeals to London for win-win Brexit solution, as it prepares for tens of thousands of workers to move February 6, 2017 An army of French lobbyists and politicians swept into London today in an attempt to lure finance executives to Paris. However, the delegation admitted they cannot steal London's financial crown, and instead want to forge a mutually successful relationship between the two cities post-Brexit. "We are not here to steal business from London," insisted Jean-Louis Missika, vice-mayor [...]
London-listed firms warned they will be named and shamed on investor pay revolts in new public register October 25, 2017 A raft of London-listed firms will be warned this week of their inclusion in a new government-backed public register compiling investor revolts over pay, as well as corporate governance issues. The trade body for Britain’s fund management industry, the Investment Association, is writing to firms which recorded at least a fifth of shareholders opposing resolutions [...]
Look to Milton Keynes for the solution to the housing crisis October 16, 2017 If asked what the greatest achievement of the British government over the last 50 years was, people will give a wide range of answers. Perhaps Margaret Thatcher’s Right to Buy policy would get your vote, or maybe joining (or now leaving) the EU. I doubt many would give you the following answer however: Milton Keynes. [...]
As the first residents move into Television Centre, a new era is beginning for the BBC’s former home in west London November 28, 2017 When BBC Television Centre in White City, west London, was opened by the Queen in 1961, it was described by then director general Gerald Butler as “the largest, best equipped and most carefully planned factory of its kind.” Rather than goods, this building would manufacture culture and, at the time, it was the most ambitious [...]
Why we’re restricting traffic at Bank junction January 12, 2017 Bank junction is one of the City’s most iconic spots. The Bank of England, the Mansion House and Royal Exchange make it an instantly recognisable place. However, those who try and pass through – whether on foot, on bicycle or by vehicle – know that it is incredibly busy, especially at peak travel times. Many [...]