Asians property investors lead £7bn spend on London offices. Overseas investors have shrugged off Brexit jitters to spend nearly £7 billion on London property this year, it emerged on Thursday, as banking titan Goldman Sachs sold its new City headquarters in a mega-deal. Other deals include Hong Kong-based CK Asset Holdings paying £1 billion to British Land Company (BLND) and GIC for the UBS headquarters at 5 Broadgate.
Stobart Group Ltd. (STOB) beefs up board in wake of Andrew Tinkler bust-up. The owner of Southend Airport named City PR Ginny Pulbrook as a non-executive director and promoted commercial director Nick Dilworth to the main board. They respectively start in October and September. It has also hired Michael Williamson, who has worked at Gama Aviation and drugs firm GlaxoSmithKline, as interim finance chief with effect from September 10.
$2 trillion oil mega-float still on insists Saudi energy minister Khalid al-Falih. The intervention follows reports that it had abandoned a plan to sell 5% of the firm and dismissed its advisers as they had “run out of things to do”. The Saudi government said the IPO of the world’s largest oil company was alive, but added that the listing would go ahead “at a time of its own choosing when conditions are optimum”. Advisers working on the huge deal include JPMorgan, Morgan Stanley and HSBC Holdings (HSBA) as well as boutiques Moelis and Evercore.
Currency crisis means London’s Turks fear for their livelihoods in struggle for supplies
