London bucks house listings trend in three-year high despite nationwide fall July 4, 2018 The number of properties listed on London's housing market rose to a three-year high in June, despite the UK suffering an overall decline in houses put up for sale, according to new figures from a property supply index. Nearly 33,000 homes were put on the market in the capital last month, the highest level since [...]
FTSE 100 softech Micro Focus’ share price is rising, after annoucing the sale of Suse to private equity house EQT July 2, 2018 Software provider and IT management consultancy Micro Focus has announced the sale of its Suse open source subsidiary for $2.535bn (£1.93bn) to Swedish private equity house EQT, giving its share price a boost as markets opened. Suse is worth almost one-third of Micro Focus’s business, acquired by the company as part of an all-share purchase [...]
1898 The Post hotel review: Spend a long weekend in Ghent and you can stay at this converted post office June 29, 2018 Despite being Belgium’s fourth-largest city, not many people seem to know about Ghent, which is a total shame, as it’s full of well-preserved medieval architecture (thanks to its former mayor, who basically bribed advancing German troops in WW2 not to bomb it), criss-crossed by picturesque bridges over the meandering river Lys, and liberally scattered with [...]
Goldman Sachs cashes in over $100m from advising Fox on Disney tie-up June 27, 2018 Financial giant Goldman Sachs will cash in over $100m (£75.9m) for its work advising on 21st Century Fox’s recent sale to Disney. According to a regulatory filing to the Securities and Exchange Commission, Goldman Sachs received $58m for its work with Fox since August 2017 before Disney agreed on a $52.3bn deal to buy Fox [...]
Is the high street really doomed? June 26, 2018 UK high street retailers have endured a torrid time over the last few years. A slew of store closures, job losses and administrations don’t make for pretty headlines, and illustrate just how difficult it is for those looking to invest in the retail sector. Discount retailer Poundworld followed electronics firm Maplin and toy retailer Toys [...]
Focus On Tufnell Park: This often overlooked north London spot is attracting more professional and upsizers from Hampstead June 22, 2018 Tufnell Park is a small, quiet, in-between sort of place. Sandwiched in between the leafy village life of Hampstead, with its heath and its cafe culture, and the edgier, up-and-coming Holloway, Tufnell Park is the place for keen observers – close enough to all the action without the need to get involved. “The area was [...]
Last Week in the City: Markets Trumped by trade fears June 22, 2018 The week was dominated by trade war fears as Donald Trump said he would slap further tariffs on Chinese goods should there be any retaliatory measures. Despite this, Nasdaq hit a record high, although the Dow Jones Industrial Average erased all its gains in 2018 so far. The FTSE 100 fell 0.5% over the week [...]
Interiors: We see what’s on offer at London’s Japan House, a new restaurant, shop and exhibition space in Kensington June 22, 2018 Since the jet age, tourism to Japan has grown slowly and steadily, but recently it has shot up, doubling in the past four years. The government can see that tourism is a big earner, the language is no longer a stumbling block, and, as hosts to the Rugby Wold Cup 2019 and the Tokyo 2020 [...]
Brexit vote two years on: seven charts that tell the story June 22, 2018 On 23 June 2016, the UK public voted on whether or not to stay in the European Union (EU). Many expected the UK to remain in the EU, but by a majority of 52% to 48% the Leave campaign won. The UK is scheduled to leave the EU at 23:00 UK time on 29 March [...]
Why Debenhams has had three profit warnings in a year and could Mike Ashley help? June 20, 2018 City grandee Crispin Odey, whose hedge fund holds a short position in Debenhams, said last year that the retailer was in a race with House of Fraser “as to who will go down first”. While House of Fraser’s fate will be sealed at its CVA on Friday, Debenhams’ future looks dark, with the embattled department [...]