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1 week ago | 
afr.com | Irina Anghel |Damian Shepherd
Irina Anghel and Damian ShepherdApr 14, 2025 – 3.32pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Kensington and Chelsea has long attracted high-earning workers willing to pay exorbitant housing costs to live in one of London’s most glitzy districts. Now they are leaving in their thousands.
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1 week ago | 
bloomberg.com | Irina Anghel |Damian Shepherd
(Bloomberg) -- Kensington and Chelsea has long attracted high-earning workers willing to pay exorbitant housing costs to live in one of London’s most glitzy districts. Now they are leaving in their thousands. The so-called Royal Borough and neighboring Westminster each lost about 4% of their employed residents over the past two years, or more than 6,000 people combined, according to official figures.
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1 week ago | 
flipboard.com | Irina Anghel |Damian Shepherd
3 hours agoReynolds gives instructions to British Steel after MPs back emergency lawThe Business Secretary has issued instructions to British Steel, using the emergency powers approved by Parliament on Saturday to save the Scunthorpe …2 hours agoPaddy Pimblett stops Michael Chandler at UFC 314 in dominating performance to boost title dreamsPaddy Pimblett bolstered his world title ambitions with a spectacular performance at UFC 314.
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1 week ago | 
bloomberg.com | Damian Shepherd
Illustration of 100 New Bridge Street. (Bloomberg) -- State Street Corp. is buying a new UK headquarters in the City of London, in a £333 million ($433 million) deal that will move it away from its long-standing base in Canary Wharf. The US asset management giant signed a deal for the entire building at 100 New Bridge Street, which once complete will span about 195,000 square feet (18,116 square meters), according to people familiar with the matter.
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2 weeks ago | 
bloomberg.com | Damian Shepherd
A slew of tax changes is discouraging many foreigners from buying homes in the UK, particularly in the flashiest parts of London. The share of overseas buyers registering with an estate agency in Britain fell to 1% between January and March, the lowest level since at least 2008, according to data from broker Hamptons.
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3 weeks ago | 
bloomberg.com | Damian Shepherd
The number of new UK buy-to-let mortgages rose the most in more than three years in the fourth quarter of 2024, signaling a recovery as a dip in borrowing costs offered some relief to buyers. Some 52,648 new buy-to-let loans were advanced between October and December, up 39% from the same period a year earlier, according to data compiled by industry group UK Finance. That’s the highest year-on-year increase since the second quarter of 2021.
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3 weeks ago | 
bloomberg.com | Damian Shepherd
The UK government has put a target to boost homebuilding at the center of its growth plans. The companies that will actually deliver those homes are already telling shareholders they won’t get close to achieving it. The country’s six biggest publicly traded homebuilders — which after a wave of consolidation now account for almost a third of new dwellings each year — have told investors they’re expecting to sell about 65,000 homes in 2025.
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4 weeks ago | 
bloomberg.com | Damian Shepherd
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
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1 month ago | 
news.bloombergtax.com | Damian Shepherd
Funds managed by Blackstone Inc. made a final bid for Warehouse REIT Plc, upping their offer by 4.1% and valuing the UK industrial landlord at £489 million ($632 million). The final indicative cash proposal of 115 pence a share, inclusive of the third interim dividend of 1.6 pence declared on Feb. 19, represents a premium of almost 40% to the closing price on Feb. 28 before the initial interest became public, Blackstone said in a statement Tuesday.
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1 month ago | 
bloomberg.com | Damian Shepherd
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
