AnaCap to move into Derwent London’s Stephen St building March 23, 2015 DERWENT London has let the top two floors of 1 Stephen Street near Tottenham Court Court to AnaCap Financial Partners, a private equity firm specialising in the European financial services sector. The property developer said yesterday that AnaCap has taken 16,150 square feet on the ninth and tenth floors of the building. The firm will [...]
Dear Queen, here’s everything business wants you to say in your speech May 26, 2015 On Wednesday the Queen will give her Speech from the Throne, setting out the policy plan for the Conservative government. Big topics to be covered include the EU referendum, which Prime Minister David Cameron has promised to hold within the next two years, housing, immigration, and devolution for cities outside London. Many of the [...]
TalkTalk chief Dido Harding pushes to split BT and Openreach as profit rises May 14, 2015 TalkTalk boss Dido Harding renewed her calls for the regulator to force BT to sell its telecoms network division Openreach yesterday, and said more competition in the market would lead to further investment. Harding made the comments while discussing TalkTalk’s results for the year to 31 March, which showed a 3.2 per cent rise [...]
Lack of London office space drives a 24 per cent increase in office construction May 19, 2015 The amount of office space under construction in London rose by 24 per cent in the six months to the end of March, rising to 9.5m square feet. A report by Deloitte shows the improving economy is driving a rise in speculative building, with more and more office space available to let. A dearth of [...]
Facebook AI research: European robot lab opened in Paris to explore artificial intelligence June 2, 2015 Facebook has expanded its exploration of robot technology with the opening of a new European research centre. The Facebook AI research centre in Paris will be its third, building on existing teams in Silicon Valley and New York, and its first in Europe, looking into the application of artificial intelligence technology. "…[the] team will work [...]
UK construction suffers worst fall in more than a year in January March 13, 2015 UK construction suffered its worst fall in more than a year in January, due to a heavy decline in house-building. Output in the construction industry fell 2.6 per cent from a month earlier, when it had risen 0.6 per cent. The reading came in way below economists' expectations – many had forecast a rise of [...]
Will the Greek crisis lead to contagion and spread of fear in other European countries? July 1, 2015 As uncertainty over Greece's future in the euro continues, questions have been asked about how a Greek exit from the euro will affect other nations. If Greece has to abandon the euro, consequences, or "contagion", to other nations could be dire. Particularly those – such as Spain and Italy – whose recovery is still shaky. [...]
Morrisons is the only big four grocer “currently on right track”, says Nielsen June 5, 2015 Morrisons waits for good news for months and then three come along at once. The supermarket – which has, until now, been one of the more unloved – has already had one set of figures prove it's the only one of the big four in growth, which in turn prompted a share price rally, [...]
Your Move: London rental prices have soared 27pc under David Cameron April 22, 2015 Residential rents in London have far outstripped the rate of inflation under the current government, according to a new report out today. Rent in the capital increased by 27.4 per cent since the last General Election, according to the latest Buy-to-Let index from estate agents Your Move and Reeds Rains. Consumer Price Inflation (CPI) increased [...]
Competitiveness: The black hole at the heart of the General Election debate April 30, 2015 With less than a week of election campaigning left, the issue of competitiveness has been notable by its absence. As it’s the foundation for long-term prosperity, I would like to see the political parties championing this cause. Being fans of evidence-based debate, we reviewed the major parties’ manifestos and found just a handful of mentions [...]