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Dublin’s office leasing market is showing early signs of a revival as technology companies ranging from Apple Inc. to Stripe Inc. look to grow in the Irish capital amid rising demand for newer, greener work places that comply with environmental regulations.
The Toronto Regional Real Estate Board says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.
Britain’s housebuilding industry put a recovery on hold in June as construction firms delayed projects ahead of the general election that culminates Thursday.
Toronto home sales rose for the first time in five months after the Bank of Canada eased borrowing costs from a multidecade high.
Hong Kong developers New World Development Co. and Far East Consortium International Ltd. are selling a residential project at the lowest price in eight years for the district, as competition for buyers intensifies amid high inventory.
Feb 21, 2022
, Bloomberg News
(Bloomberg) -- Here’s the key business news from London-listed companies this morning:
John Menzies Plc: The aviation ground support company is leaning toward accepting the possible cash offer it received from Kuwati company Agility Public Warehousing Co. at 608 pence per share, following earlier approaches at 460 pence, 510 pence and 605 pence per share.
Made.com Group Plc: The online furniture company’s CEO Philippe Chainieux plans to step down citing family reasons.
Synairgen Plc: The respiratory drug maker said a phase three trial for its Covid-19 antiviral drug didn’t meet its primary or secondary aims for efficacy.
Outside The City
Prime Minister Boris Johnson is expected to remove all pandemic restrictions this week as he sets out his plan for the country to live with the coronavirus. That comes after Buckingham Palace said Queen Elizabeth tested positive for Covid-19 on Sunday, saying the monarch has “mild” symptoms.
The U.S. and Russia have agreed in principle for a summit between their two leaders, providing Vladimir Putin doesn’t order an invasion of Ukraine, the White House said last night. Moscow has repeatedly denied that it plans to attack Ukraine, while the U.S. says it has massed as many as 190,000 personnel – including troops, National Guard units and Russian-backed separatists – in and around the country.
In Case You Missed It
Transport for London might declare bankruptcy within days if the government doesn’t provide financial support, the Guardian newspaper reported yesterday. Westminster’s support for TfL ran out on Friday and talks on Saturday failed to yield progress.
Primary Bid Ltd, the fintech allowing retail investors to access share sales, raised 190 million dollars from investors including SoftBank Vision Fund 2.
Clipper Logistics Plc revealed over the weekend that it agreed to be bought by U.S. rival GXO Logistics, Inc., valuing the company at about 943 million pounds.
Looking Ahead
HSBC Holdings Plc reports tomorrow, following banking peers NatWest Group Plc and Standard Chartered Plc last week.
©2022 Bloomberg L.P.
