Here’s what a new City office scheme with five garden roof terraces will look like at 80 Fenchurch Street September 17, 2015 Work on a new office tower that will boast the biggest number of roof gardens in the City got underway this week, as developers began knocking down the old site. Partners Group, a Swiss private equity firm, is developing a 245,000 square feet office tower at 80 Fenchurch Street together with joint venture partner Marick Real [...]
Four reasons why the Fed should not postpone a rate hike September 17, 2015 The probability of the US Federal Reserve ending seven years of near-zero interest rates September is stronger than is generally believed. While there is no perfect timing for the tightening monetary policy, several arguments confirm that the Fed is able to begin this month if it so desires. Here are the four we can see: The [...]
Ukrainian parliament backs crucial debt restructuring September 17, 2015 Ukraine’s parliament has today rubber stamped a vital debt restructuring deal, helping the country to avoid bankruptcy. The deal was agreed by the finance ministry and a group of Ukraine's largest creditors including US-based fund Franklin Templeton at the end of August following months of tense negotiations. It will lead to a write-down of 20 [...]
JD Sports share price rises: Retailer posts record first half profit but warns National Living Wage will bite September 17, 2015 JD Sports share price climbed 1.4 per cent this morning as the retailer revealed record first-half profit. But the company has tempered its outlook for the future with a warning over the impact of the Living Wage – yet another company to do so. The figures JD Sports' adjusted pre-tax profit jumped 82 per cent [...]
One third of Brits have already started Christmas shopping September 17, 2015 If you haven’t already done your Christmas shopping, then you might want to get stuck in because a third of UK shoppers are already one step ahead of you this season. A survey conducted by New York-listed technology company Rubicon Project found that 30 per cent of us have already started Christmas shopping. Among parents [...]
Morgan Stanley: Is Thomas Piketty history? We think so September 17, 2015 Thomas Piketty's brand of anti-austerity economics is "history", according to an analysts' note from Morgan Stanley. The French economist's best-selling book Capital in the Twenty-First Century has influenced anti-austerity movements such as Jeremy Corbyn's Labour leadership campaign and has propelled him to worldwide recognition. The book's central thesis argues that returns on capital accumulate more quickly [...]
Most expensive cities in the world: Londoners work longer than people in New York, Los Angeles, Luxembourg and Geneva to buy an iPhone 6 (and a Big Mac) September 17, 2015 We all know that London life can be expensive, not least when you factor in the cost of housing, but it turns out we have to slog it out at work to afford that most prevalent possession: our iPhones. Londoners have to work an average of 41.2 hours to be able to buy an iPhone [...]
Merlin Entertainments share price falls as Alton Towers offsets strong growth at Legoland September 17, 2015 Merlin Entertainment's share price fell this morning as the theme park group revealed it was still struggling to shrug off the impact of the shocking accident at Alton Towers earlier this year. The figures Group like-for-like sales rose 0.3 per cent in the 36 weeks ended 5 September, including the key summer trading period of July [...]
The unexepected financial advantage of going green: green funds are outperforming fossil fuel black funds September 17, 2015 Going green is finally paying off, as a study has shown that green funds are significantly outperforming “black funds”. Green funds invest only in environmentally friendly companies. But it seems ethical preoccupations needn’t be the only reason for choosing them. The University of Edinburgh Business School analysed 1,400 funds and found that over the past [...]
David Beckham signs deal with Kent & Curwen September 17, 2015 David Beckham has signed a five-year deal with upmarket British sportswear retailer Kent & Curwen that will see the former England captain design ranges and promote the brand overseas. The deal is the first to come out of Beckham and his business partner Simon Fuller’s joint venture with Hong Kong-listed Global Brands Group last year, [...]
