A total of £1.9bn was raised – £920m for the company coffers and a further £960m to be shared among existing shareholders, including Moulding who pocketed £56m and has been left with a 25pc stake worth £1.6bn. It also means that a controversial eye-watering bonus plan that promises to propel […]
London
The last truly affordable places to buy a first home in London
Young people are quickly giving up hope of ever being able to afford to buy a home in London. Property prices in some parts of the capital are more than 10 times average salaries. Typically banks will lend up to five times your salary for a house purchase, but they have become […]
Relief for City as EU extends bank access to London clearing houses
The European Union is to tell its banks that they can continue to access UK clearing houses until mid-2022, allying fears in the City that London could be suddenly shut out of the lucrative market. Clearing houses – which process financial products worth hundreds of billions of pounds every day, acting as middlemen between buyers and sellers for […]
Lloyd’s of London faces calls to ditch fossil fuels insurance
Lindsay Keenan, a campaigner at Insure our Future, said: “Lloyd’s needs to act on the science, follow other leading insurers and stop providing the insurance cover that supports and enables climate destroying coal and tar sands projects. “Lloyd’s has both a moral imperative and a long-term self interest to act […]
where to buy south west of London
19 to 29 minutes’ commute: Woking Homes within a 19 to 29-minute journey in the south west quadrant outside the capital typically cost £671,716. Effectively, an average season ticket price of £3,374 saves you £132,729 on inner London house prices. The priciest place to live in this zone is the Surrey town of Esher, where homes cost £828,149 […]
where to buy north west of London
Prices across Nuneaton have plateaued over the last couple of years, says Gilders, but developers are moving full steam ahead. Close to St Nicholas Park is Barratt Homes’ The Long Shoot development. The same developer is building St James’ Gate just north of the station in Weddington, while Redrow is […]
TikTok plots new London headquarters despite Chinese security row
The company has also been building a UK advertising operation. It hired Antonia Rofagha, the former head of online advertising policy for the Department for Culture, Media and Sport, as its new head of European advertising policy in March and in June, it added Gerald Blee from Amazon to serve […]
The death of the commuter is an extinction-level event for London
This was the week when the penny finally dropped. The prevalence of coronavirus may have collapsed across Britain, but we are not returning to our old, carefree ways for the foreseeable future. This will have immense, permanent consequences for our economy and way of life. Its most devastating impact will […]
Property hunters swap London for the south coast as demand soars after market reopens
The situation for the agents selling property is bleak: agency Foxtons’ sales commissions between March 23 and May 15 were 61pc down year-on-year, while those for lettings dropped by 40pc. The new surge in demand that has emerged since lockdown is unlikely to maintain momentum. Richard Donnell, of Zoopla, said: “The Covid crisis and 50 […]
living in the busiest part of London under lockdown
Many of these new arrivals opened shops and restaurants serving native cuisine, while the rooms above were subdivided to such an extent that by 1851 Soho was the most densely populated area of London, with 327 inhabitants per acre. In The Forsyte Saga, John Galsworthy described Soho as “untidy, full […]