Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Cos homeware collaboration with Hay: We speak to creative director Karin Gustafsson | City A.M. July 20, 2018 What makes a creative collaboration work? From 1960s jazz (Ellington x Coltrane) to pop (Beyonce x Sheeran) to fashion (Skepta x Nike Air Max), partnerships not only keep artists fresh, but allow us to appreciate both in a new context. Although it’s now the turn of homeware collaborations (witness D&G x Smeg; Fendi x Campana; [...]
Property of the Week: Crime queen PD James’ house in Holland Park is on the market for £4.95m July 20, 2018 If you’re finding inspiration hard to come by, you could do worse than take up residence in the home of one of the most famous crime writers in the world. Holland Park Avenue, Holland Park, £4.95m “Appointed OBE in 1983 and Baroness James of Holland Park nine years later, PD James lived at the address [...]
Why Mike Ashley’s retail gambles are a mistake | City A.M. July 20, 2018 When the fishes swim one way, I swim the other,” said Sports Direct supremo Mike Ashley last year describing his investment strategy. Despite this billionaire bombast, some of his investments are sinking and weighing down Sports Direct at the same time. The sportswear chain reported a sharp drop in annual profits yesterday, partly because of [...]
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 [...]
City of London office investment defies Brexit wobble as overseas interest soars | City A.M. July 17, 2018 Investment in City of London office space has defied Brexit uncertainty to hit a record high as demand for real estate in the Square Mile soars, especially from Asia. Despite the slowdown in other parts of the property sector such as the housing market, investment in City of London offices jumped to £3.6bn in the [...]
Inflatable unicorns and flamingoes are the hit of the summer sales, according to John Lewis’ data | City A.M. July 16, 2018 It appears the heat has gone to our heads. Is there no end to the kitsch tiki bars taking over terraces up and down the nation? Will we ever tire of parrots, flamingos and pineapples? Incredibly, kitsch is in this summer and we know that because of cold, hard data. Every week, John Lewis’ best [...]
House prices in Bethnal Green: Shoreditch’s loss is Bethnal Green’s gain as professionals flee high house prices in E1 | City A.M. July 16, 2018 There was a time when Bethnal Green lived up to its rural-sounding name. It was actually a prosperous area in the 19th century, with large houses and gardens. Originally called Bethan Hall Green, the name was changed to align with local Cockney pronounciation which dropped the ‘h’. By the 19th century, Bethnal Green became one [...]
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 [...]
Auction house breaks record with £10m Aston Martin sale July 14, 2018 Auction house Bonhams yesterday broke the record for the most valuable British car sold at a European auction when an Aston Martin was sold for more than £10m. The 1961 Aston Martin DB4GT Zagato fetched £10,081,500, which Bonhams said was a record. It sold in the room to a European buyer. The lot was part [...]
Bonhams breaks record with £10m Aston Martin sale | City A.M. July 14, 2018 Auction house Bonhams yesterday broke the record for the most valuable British car sold at a European auction when an Aston Martin was sold for more than £10m. The 1961 Aston Martin DB4GT Zagato fetched £10,081,500, which Bonhams said was a record. It sold in the room to a European buyer. The lot was part [...]