First homes revealed at Quebec Quarter as part of 10-year revamp at Canada Water February 23, 2016 Champagne sits in a bucket, ready to be poured into designer flutes and raised to the unusually high ceiling in the show room of a two bedroom apartment. Earlier in the week, this very room had convinced a cash buyer from Paris to part ways with around £800,000 cash for a second home. These are [...]
Investors line up to bid for National Grid’s massive £11bn gas pipeline February 21, 2016 Investors are teaming up to bid for a controlling stake in National Grid’s £11bn gas pipeline arm that was put on sale last year. The consortium includes Canada’s Borealis Infrastructure; the Universities Superannuation Scheme, and Wren House, an arm of Kuwait’s sovereign wealth fund. Bankers at Rothschild and Citi have been recruited as advisors, the [...]
Millennials are so healthy they’ve started rejecting bacon, according to new survey from Glotech Repairs March 29, 2016 In a potential threat to the traditional English fry-up breakfast, new research suggests millennials are spurning bacon in favour of healthier alternatives. A survey of breakfast eating habits has found more than 25 per cent of 18 to 24-year-olds have removed bacon from their first meal of the day. As well as shunning bacon, scrambled is overtaking [...]
Focus On Camberwell: benefiting from its gentrified neighbours? February 5, 2016 With its artistic roots and good transport connections, Camberwell is seen as the good value neighbour of south London’s most gentrified neighbourhoods. “A lot of buyers often start their search with us in central Brixton, but soon find out they could get more moving slightly further out,” says Luke Tubb, sales manager at Foxtons Brixton. [...]
City Moves for 11 April 2016 | Who’s switching jobs April 11, 2016 BBC Worldwide Tom Fussell has been appointed as chief financial officer at BBC Worldwide. He has extensive experience of the TV and wider media industry, having worked in global media organisations for 20 years. Most recently, Tom was finance chief of Shine from 2013 to 2015, leading a global finance function across 11 markets. He [...]
UK house prices: Buy to let investors are swarming the property market ahead of April’s surcharge, but supply is actually rising February 22, 2016 Buy to let investors are clearly getting their houses bought before the new surcharge rules come into place: new figures show a 35 per cent surge in buyer activity as supply fell eight per cent. According to estate agent Haart, there were 15 buyers for every new property that came on the market in January. But [...]
Steel crisis: Business secretary Sajid Javid flies to Brussels for OECD and Belgian government-convened oversupply summit tomorrow April 17, 2016 Business secretary Sajid Javid will travel to Brussels today ahead of the latest summit to address oversupply in the global steel industry. The full-day meeting, convened by the Organization for Economic Cooperation and Development (OECD) and the Belgian government, will discuss how governments can facilitate "market-driven industry restructuring" and aim to agree on steps to [...]
Before the bell: What you need to know before the US market open May 31, 2016 It's the last day of May, people are back at their desks after a long weekend in the UK and the US and markets in New York are pointing up. Here's what you need to know before the US market open at 14:30 London time. Ahead of the open the S&P is up by 0.04 [...]
Thanks to Landmark Place, you never have to leave the Square Mile March 3, 2016 Two new glass structures are set to join the banks, law firms and sky gardens that line the City’s riverside in the summer of 2018. Only this time, they’ll be housing wealthy residents who want to live on top of the financial district. A nine storey block will interconnect with an 11 storey block to [...]
Gordon Ramsay Group toasts healthy sales growth after “huge transformation” May 31, 2016 The Gordon Ramsay Group toasted healthy full-year results today, as revenue at the London-based, international restaurant firm grew more than 10 per cent The figures Revenue at the restaurant group was up 12.6 per cent to £50.3m in the year to 31 August 2015, up from £44.7m in 2014. The group posted an operating loss of £1m [...]