Norma Capital is developing its consumer offer and expanding its range with NCap Continent. This European SCPI targets buoyant tertiary markets, mainly offices, shops and business premises, in several European countries, including the United Kingdom, Germany, Spain and Poland. NCap Continent targets diversified tertiary assets: offices, shops and business premises in countries where the investment...
Company directors fear the cost of living crisis and tumbling consumer confidence will cause greater harm than previously estimated, increasing the risk of an economic downturn this year, according to a major new study. The Institute of Directors (IoD) said in a survey last month that a lack of confidence in the economic outlook was “the number one issue”...
Thousands of people who bought leasehold homes from the housebuilder Taylor Wimpey will be liberated from terms where their ground rent charges doubled every 10 years, after a long-running investigation by the UK competition watchdog. The Competition and Markets Authority (CMA) has been looking into the contractual cost increases imposed by Taylor Wimpey and other property developers, which have...
John Lewis has pulled a child’s party dress named “Lollita” from its shelves after receiving criticism for stocking it. The Chi Chi London “Lollita” dress was on sale for children aged three to 11 years old on the retailer’s website for £50. The name is similar to Vladimir Nabokov’s 1955 novel Lolita, which details child sexual...
The troubled sub-prime lender Amigo has said it will go bust unless it is allowed to resume lending and raise new equity under a proposed new rescue plan. Amigo said that in the six months to the end of September it had set aside £344m for customers who complained they were mis-sold loans at interest...
The on-demand groceries business Getir is acquiring its rival Weezy, in the first sign of consolidation in the UK’s fast-growing rapid delivery market, in which companies aim to bring goods to customers in as little as 10 minutes. Getir, founded in Turkey in 2015, operates in more than 50 cities in its home market, and has...
The oil giant Shell has sparked a political tussle over the location of its headquarters after announcing it would relocate to London and lose “Royal Dutch” from its name amid a corporate overhaul that has angered the Netherlands. In a move seized by the UK government as a post-Brexit vote of confidence in the City of London,...
The bitcoin price has reached a new record high, breaking through $68,000 (£50,000), and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks. This beats the previous record high set in late October, when bitcoin reached nearly $67,700 before falling back again when investors discovered a new cryptocurrency, shiba inu....
Barclays has financed more in fossil fuel projects than any of the UK’s largest banks in the months leading up to the Cop26 climate talks in Glasgow, according to a report by climate finance campaigners. The bank financed $5.6bn (£4.1bn) for new fossil fuel projects from January 2021 to the eve of the UN climate summit, Market...
HSBC’s profits rose 74% in the third quarter as improving economic conditions allowed the bank to release hundreds of millions of pounds originally set aside for a potential jump in loan defaults during the pandemic. The London-headquartered bank said pretax profits rose to $5.4bn (£3.9bn) in the three months to 30 September, up from $3.1bn a...