Author: Lucas

Real estate group British Land delivered an 8% increase in underlying profits over the first half, supported by higher rents and strong occupancy levels across the core sectors of prime London office campuses and retail parks.Underlying profit totalled £155m over the six months to 30 September, up from £143m a year earlier, as a 4% increase in like-for-like rental income combined with a 12% reduction in administration expenses. Underlying earnings per share were 1% higher at 15.4p. Occupancy levels across the portfolio stood at 95% by the end of the period, with campuses seeing 92% occupancy and the retail and…

One caveat: “All of these can be accomplished before the end of the year, despite the government shutdown having delayed the administration and, as importantly, no dilution to the government’s stake in both enterprises in order to achieve these values,” he added.  Ackman has a particular interest in the topic, as his firm owns 210 million shares across the two GSEs — 10% of them preferred shares. Pershing Square remains the largest common shareholder of both companies. Recently, other investors have voluntarily reported their stakes, including Capital Group, Morgan Stanley, Aegon, Brighthouse Financial and Banco Santander, while many retail investors…

A new investment programme to support housing delivery across Ireland by small and medium-sized developers will be brought forward next month by the new Minister for Finance, Simon Harris. The Tánaiste told the Fine Gael parliamentary party tonight that the new equity finance measure will be delivered through the Ireland Strategic Investment Fund, partnering with the national banking sector. Equity finance will support developers to scale up delivery and unlock viable projects which are in need of capital. Minister Harris said the Finance Bill, which contains the Budget 2026 measures, will complete its passage through the Dáil next week. He…

Good morning, PE Hubsters! Rafael Canton here with you for the US edition of the Wire from the New York newsroom.First, we have an episode of Private Equity Spotlight. In the podcast episode, PE Hub editor-in-chief Mary Kathleen Flynn speaks with Dipanjan ‘DJ’ Deb, co-founder and CEO of Francisco Partners, and Louis Samson, co-president of Platinum Equity, to find out how dealmakers are navigating the current conditions and what they’re foreseeing for 2026. This episode is sponsored by Francisco Partners and Platinum Equity.Then, there are signs of new life in initial public offerings, and private equity-backed companies are back in…

The Albanese government must stop allowing the purchase of Russian “blood oil” via refining loopholes, a group of European Union and Ukrainian organisations have declared as the war in Ukraine rages on.Labor continues to allow the indirect purchase of Russian oil despite banning direct imports from the nation after the G7+, which includes Australia, placed an embargo on Russian oil products in February 2023.Australia has imported more than USD$6.4 billion (AUD$9.8 billion) of oil products from three refineries in India using Russian crude between the beginning of the embargo and the end of June 2025, according to the Centre for…

The consumer group compared the prices of up to 50 popular items from four supermarkets. Which? found that shoppers who ordered everyday supermarket essentials from Deliveroo, Just Eat or Uber Eats could be paying at least 20% more, with some items more than double the price. The consumer group compared the prices of up to 50 popular grocery items from four supermarkets – Asda, Morrisons, Sainsbury’s and Waitrose – against the three food delivery apps. Which? also checked Tesco’s Whoosh same-day home delivery service to see prices compared with buying directly from the supermarket. On average, Which? found that Sainsbury’s…

NAIROBI, Kenya, Nov 17 – Kenya’s demographic surge is sparking an unexpected financial revolution. With 75% of the population under 35 and 56 million mobile subscriptions enabling instant market access, young Kenyans are driving a 30% rise in retail forex trading since 2023. But behind the growth lies a critical question: can proper education and regulation turn this digital wave into a sustainable opportunity? Across Nairobi’s estates, university hostels in Eldoret and cyber cafés in Kisumu, a quiet revolution is unfolding. Young Kenyans armed with smartphones, YouTube tutorials and demo accounts are turning foreign exchange trading into a side hustle,…

New Delhi: One of India’s top industry lobbies has asked the government to initiate discussions on providing range-extended electric vehicles or REEVs, a type of hybrid vehicle, tax parity with EVs to incentivise automakers to introduce such models. REEVs are electric vehicles supported by a small internal combustion engine to charge the battery when it is running low. Currently, no Indian manufacturer sells such vehicles in India. They are not classified differently under the Goods and Services Tax (GST) regime. Hybrids attract a tax rate of 18% and 40%, depending on their size. The Associated Chambers of Commerce and Industry…

X Register for free to receive latest news stories direct to your inbox Register Eleven industrial units on Norwood Industrial Estate at Killamarsh, south of Sheffield, are to go up for auction this month with a guide price of £950,000. Derbyshire County Council has appointed SDL Property Auctions, part of Eddisons, to sell the fully-let units, which are on a 1.5 acre site on the industrial estate’s Rotherham Close. They will feature in the firm’s next live streamed property auction on 27 November. The 11-unit site is made up of two separate buildings housing a range of businesses, including drilling…

Which? found that shoppers who ordered everyday supermarket essentials from Deliveroo, Just Eat or Uber Eats could be paying at least 20% more, with some items more than double the price. The consumer group compared the prices of up to 50 popular grocery items from four supermarkets – Asda, Morrisons, Sainsbury’s and Waitrose – against the three food delivery apps. Which? also checked Tesco’s Whoosh same-day home delivery service to see prices compared with buying directly from the supermarket. On average, Which? found that Sainsbury’s Nectar members had the most to lose by using a delivery app to fast-track their…