Retailer The Works which is backed by private equity firm Endless and the founder of the Card Factory launches £100m London float | City A.M. July 13, 2018 Retail chain The Works plans to float on the London Stock Exchange later this month with a valuation of £100m. The offer price has been set at 160p per share and dealings are expected to start on 19 July. The Works sells arts, crafts, gifts, toys, books and stationery from more than 430 stores in [...]
Big Four firm PwC predicts London house prices will drop despite growth in rest of UK | City A.M. July 13, 2018 London house prices are set to drop as much as two per cent this year according to a report which suggests fresh evidence of a slump in the capital’s property market. Analysis from Big Four firm PwC predicts a fall in London house prices that could persist into 2019, despite an expected rise in every [...]
New report shows falling house sales persist amid ‘subdued’ London market July 12, 2018 June marked the 16th consecutive month of falling house sales in London, according to the closely watched survey from the Royal Institution of Chartered Surveyors (Rics). Prices in London continued to decrease, albeit at a lesser pace than the previous reports. The report, which shows falling prices as well as sales, suggests London’s "subdued picture [...]
World Cup special: which stock markets look ‘cheap’? July 12, 2018 As the world’s football teams have been battling out for supremacy at the World Cup, so have the major equity markets been jostling for position. In both cases, results have not gone entirely to form. While many other markets had been posting double-digit gains in the 12 months prior to the second quarter, the UK [...]
Micro Focus share price slips but revenue decline slows July 11, 2018 Software company Micro Focus has said today that its revenue is not declining as fast as previously announced. On a constant currency basis revenue fell eight per cent for the six months ended 30 April 2018, rather than previous guidance of a nine to 12 per cent fall. Read more: FTSE 100 softech Micro Focus' [...]
Opinion: Look behind the headlines to the data and London house price falls are nothing to worry about July 10, 2018 “Facts are stubborn things, but statistics are pliable.” This refrain from Mark Twain is as true now as it ever was, especially when it comes to assessing what’s going on in the London housing market. Headlines such as “London Falling: House prices in the capital experience lowest growth since financial crisis” might have sent shivers [...]
House prices in Holland Park: Celebrities flock to the spacious Georgian mansions in the connoisseur’s Notting Hill July 10, 2018 The fact is, the secret’s out about Notting Hill. It’s a Richard Curtis film, it hosts Europe’s biggest street party every August and its doors are painted in bright pastel colours. The connoisseur of the north west London property scene would look slightly southwards to its greener, more understated sibling, Holland Park. “The area has [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
My House: Legendary astrologist and spiritual teacher Shelley Von Strunckel tells us how her King’s Cross apartment gets her in the zone July 5, 2018 I used to live in a mews house in Marylebone and before that in a Victorian gothic mansion block. Now I live in a loft in King’s Cross that’s surrounded by water, which is one of the reasons I bought it – I find it soothing, but it’s also very good feng shui. I’ve lived [...]
Best ethical homeware brands in the UK: Fast fashion is a much-known scourge, but should we now look at the ethics of our furnishings? July 5, 2018 Did you know that the global fashion industry is on track to consume over a quarter of the world’s annual carbon allowance by 2050? Stella McCartney does and she’s been travelling the world with sailing wonderwoman Dame Ellen MacArthur shouting about it for the last couple of years now. Perhaps that’s why so many more [...]