UK branches of Cypriot banks reassure savers March 29, 2013 CYPRIOT banks with British operations reassured customers yesterday that their deposits were safe, with at least some savings covered under guarantee schemes. The Bank of Cyprus UK, which has three branches in London and another in Birmingham, said there would be “no effect on deposits” for its UK account holders, describing itself as a “separately [...]
Fitzrovia is moving upmarket with apartments priced at £12m September 18, 2012 FITZROVIA is moving upmarket from its humble arty roots with a development of 237 apartments priced at up to £12.5m each. The central London area, once known as a run-down artistic neighbourhood, will become the home of Fitzroy Place, on the site of the former Middlesex Hospital in Mortimer Street. Developer Exemplar has already sold [...]
CBRE acquires Franc Warwick September 9, 2012 CBRE, the commercial real estate services firm, confirmed yesterday it has acquired the niche property investment firm Franc Warwick in a move that further strengthens the global agent’s UK presence. Franc Warwick was co-founded by top industry dealmaker Franco Sidoli in 1988 and is regarded as one of the key players in the central London [...]
London Report: William Hill and retailers weigh the FTSE down January 9, 2014 BRITAIN’S FTSE 100 fell yesterday and underperformed shares in southern Europe, as a rise in the pound against the euro hampered prospects for the index’s exporters and most retailers fell after weak Christmas updates. The FTSE erased gains in the afternoon as the pound rose to its highest in a year against the euro on [...]
He’s back November 7, 2012 VICTORIOUS President Barack Obama addressed adoring crowds in Chicago yesterday after winning a second term at the White House, yet was hit by an immediate reality check as markets crashed on the back of renewed tensions in the Eurozone. In New York the Dow Jones crashed by 2.36 per cent to end the day at [...]
He’s back November 7, 2012 VICTORIOUS President Barack Obama addressed adoring crowds in Chicago yesterday after winning a second term at the White House, yet was hit by an immediate reality check as markets crashed on the back of renewed tensions in the Eurozone. In New York the Dow Jones crashed by 2.36 per cent to end the day at [...]
London Barometer January 24, 2013 Having correctly called the market last year, we are sticking our neck out again this year. Despite the general consensus that there will be little growth in London in 2013, we are of the opinion that the lack of supply and continued demand for property from abroad and at home are even more pronounced, so [...]
Knight Frank says best London property thriving despite dip September 23, 2012 PRIME property in central London hit a new record high in September, according to estate agent Knight Frank, as it continued its robust recovery from the post-financial crisis slump. Prices grew 10 per cent in the last 12 months, the firm said today, pushing the index to a point some 51 per cent higher than [...]
London less reliant on state jobs than the rest of the UK March 9, 2013 LONDON and its commuter belt rely far less on the public sector for jobs than the rest of the UK, official statistics revealed yesterday. In the third quarter of last year, public sector employees made up 19.4 per cent of the total across the UK, data from the Office for National Statistics showed, with just [...]
Vedanta hit by AGM protests August 28, 2012 VEDANTA shareholders approved all resolutions at yesterday’s annual meeting, despite angry protests about the mining group’s human rights record. Campaign groups including Amnesty International threw red paint and waved banners outside the meeting in central London, angry at the London-listed firm’s treatment of workers in Orissa, India. The firm reported 22 fatalies across its global [...]