CBRE: Investment in City offices hit an all-time high in 2015 February 5, 2016 Investment in City offices rose reached its highest ever last year, according to new figures. Real estate giant CBRE's London Property Perspective report, seen exclusively by City PM, shows office investment rose to £8.2bn in 2015, eclipsing the previous record of £7.5bn set in 2007. In the fourth quarter alone, investment in the City rose 49 per [...]
Jobs market starts the new year with a bang February 5, 2016 The jobs market found new energy at the start of the year, according to survey figures released this morning. Job applicants soared in January, the Recruitment and Employment Confederation (REC) said. Growth in permanent placements also rose. Better candidate availability was reported by 25.5 per cent of recruiters, compared with 6.9 per cent in December. [...]
Dunedin private equity backs asset management adviser to fund expansion February 5, 2016 Private equity company Dunedin has invested £80m in specialist asset management adviser Alpha Financial Markets Consulting, City PM has learned. The consultancy plans to use the investment to expand its operations internationally and in the UK. Alpha’s chief executive Euan Fraser said: “Our plans for the future are no less ambitious and we look forward [...]
High street sales bounce back in January – but only in first two weeks as shoppers go bargain hunting February 5, 2016 High street sales bounced back in January after a disappointing Christmas when sales recorded their worst performance for December since 2008. Like-for-like sales grew by 1.4 per cent year-on-year sales in January, mainly driven by a strong performance in the first two weeks when consumers shopping the sales came out in force, according to BDO’s high street [...]
Lionsgate Entertainment share price falls in after-hours trading as its third quarter earnings miss expectations February 4, 2016 Shares in Lionsgate Entertainment, the production company behind The Hunger Games, fell in post-market trading today after its revenue disappointed in the third quarter. The company reported earnings fell to $0.27 per share in the third quarter ended December 31st, missing analysts' estimates for $0.47 per share, and down from $0.66 during the same period [...]
News Corp relies on digital real estate business to bolster revenues as news division faces challenges over print advertising February 4, 2016 Media group News Corp has reported revenue of $2.16bn (£1.48bn) for the three months to 31 December, down from $2.26bn in the same period of 2014. Earnings per share also dropped, to $0.20 compared with $0.30 a year earlier. The company, which owns News UK, Dow Jones, the New York Post and Harper Collins Publishers, among [...]
LinkedIn share price tanks as it misses earnings forecasts February 4, 2016 LinkedIn shares plummeted in after-hours trading last night, after its outlook and earnings guidance left investors sorely disappointed, despite its membership growing to a whopping 414m users in the fourth quarter. Users are also more likely to find a job on the professional networking website, with the number of jobs advertised doubling compared with a [...]
Anglo American, Rio Tinto and Antofagasta see share prices rise: Miners soar to the top of the FTSE February 4, 2016 Brighter metal prices and a tumbling US dollar helped turn the fortunes of London-listed miners around today, as analysts speculated that the worst could be over for the embattled sector. Mining stocks were reinvigorated as fading expectations of an interest rate rise by the US Federal Reserve sent the greenback tumbling. This helped gold hit a [...]
Mattel and Hasbro share prices surge on merger report February 4, 2016 Two US toy makers Mattel and Hasbro, between them responsible for childhood favourites such as Hot Wheels and My Little Pony, could embark on a deal which would create one of the world's biggest toy makers. The companies shares jumped after it was reported Hasbro approached Mattel about a potential transaction late last year, with the companies since [...]
Swiss commodity trader Trafigura’s chief released on bail amid fraud probe February 4, 2016 The head of one of the world's largest oil and metals traders, Trafigura, was released on bail after eight months in prison this week, as a probe into alleged fraudulent trading activity continues. Li Bo, who heads the company's operations in Beijing, has not been charged in the matter which relates to losses of $32m (£22m) in a gasoline trade [...]
