25% off for 25 years: British Airways Marks its Silver Anniversary at London City Airport with 25% off Flights and the Hospitality Industry Joins to Celebrate
These are the seven biggest risks facing housebuilders in 2017 December 6, 2016 Think housebuilders have had a bad year? Well, these analysts think 2017 could be worse. On the day of the Brexit vote, housebuilders were subjected to some of the most dramatic sell-offs of any stock. None of the big housebuilders have regained the ground they lost on the day. Read more: EU regulation protecting newts [...]
City Moves for 6 December 2016 | Who’s switching jobs December 6, 2016 Cushman & Wakefield Edward Gregg has joined Cushman & Wakefield’s London project management and consultancy team as partner. Edward, who has focused on large-scale fit outs during his 19-year career – particularly in the banking, finance and insurance sectors – jointly led the JLL London fit-out team and has a string of successful and high-profile projects [...]
Institutional West End property sales sizzle to record high as investors capitalise on weaker pound and foreign interest December 5, 2016 Institutional sales of commercial property in the West End have topped £2.7bn in the year-to-date, the highest volume ever recorded, according to estate agent Savills. Standard Life, Aberdeen Asset Management, DTZ Investors, TH Real Estate, Blackrock and Aviva have each sold more than £100m of assets since January, with vendor institutions making up 55 per [...]
President asks Matteo Renzi to stay on until the end of the month December 5, 2016 Italian President Sergio Mattarella has asked beleaguered Prime Minister Matteo Renzi to stay on in power until parliament has passed a budget bill later this month. Matteo Renzi arrived at the Italian President's palace earlier this afternoon. He was expected to tender his resignation to the head of state following a disastrous defeat in yesterday's constitutional referendum. The incumbent premier's budget, which [...]
Focus On Maida Vale: Why financiers and celebrities flock to the birthplace of the London mansion block December 5, 2016 The London mansion block has never been so popular, yet there are only a finite number in existence. While many luxury property developers are seeking to reinvent them for the 21st century for a tidy profit, the birthplace of the original – the real white-stuccoed deal – is still Maida Vale in north west London. [...]
Risk and reward: Adam French, co-founder of Scalable Capital, left Goldman to develop an algorithm for matching retail investors with the right ETFs December 5, 2016 For two years, Adam French knew he was leaving Goldman Sachs. “The day I quit was quite liberating – it’s just not that easy to step away from a Goldman job,” says the former trader, and chief executive and co-founder of digital investment management firm Scalable Capital. There was no “eureka moment”, he adds – [...]
Doubts are emerging over Tata’s long-term commitment to Port Talbot blast furnaces December 4, 2016 New concerns are emerging over Tata's commitment to maintaining two blast furnaces at the Port Talbot steelworks. The Indian conglomerate is expected to commit to the long-term future of the site within weeks, but with one furnace in need of relining, observers are concerned Tata will only implement a short-term fix. The furnace is due [...]
New Builds: 600 new homes are set to be built on a site the size of three football pitches in south London December 2, 2016 The Quarry, Bexley A quarrying site that hasn’t been used in 40 years is set to be home to 600 new properties. The first new homes – 80 per cent of which will be modern family houses hoping to attract upsizers – will go on sale in the new year. There will also be a [...]
A calendar of potential investment shocks on the horizon December 2, 2016 The vote for Brexit and the victory of Donald Trump in the US election have been seen by some as an anti-establishment backlash and a vote against the economic status quo. Like Brexit, the implications of Donald Trump’s presidency remain unclear. The market’s response to both events has been to fluctuate wildly. While investing [...]
G4S sells Israeli arm as part of wider rationalisation push December 2, 2016 Security giant G4S has flogged its Israeli business to a local private equity firm in a cash deal worth £88m. It did not, however, mean the London-listed firm was walking away completely from Israel. G4S will continue to have a footprint in the country through its police training facility called Policity. Read more: Here's why [...]