After a roller coaster first half of 2020, now seems like a good time to review the CAPE ratio for the FTSE 100, FTSE 250 and, for US-focused investors, the S&P 500. FTSE 100 CAPE ratio review The FTSE 100 has had a tough time over the last few years, largely thanks to the eurozone […]
Another speech from Downing Street will not turn around the economy – a vaccine will. In mid-July, Prime Minister Boris Johnson gave a speech suggesting that employers start bringing their staff back to work. In the coming weeks I believe this attempt to engineer a faster recovery will be keenly and sceptically watched by the […]
The R rate has become synonymous with the COVID-19 pandemic. If R is above 1, infections rise exponentially, if R is below 1, the virus eventually disappears. The impact of online spending on retail rental growth is also exponential and can be expressed in a similar form: the R rate for the High Street. The High […]
Last week witnessed a feeding frenzy from the crème de la crème of Wall Street’s smart money (and some Dubai’s smart money LOL!) to be part of the private market financing of Reliance Jio, the emerging supernova of India’s digital ecosystem. After having spent $50 billion in building a scalable, state of the art wireless […]
The coronavirus economic shock has already caused UK house prices to wobble – and they may yet tumble if the narrative worsens. As the virus changes society and the way we live, it will inevitably change the factors that drive the demand and supply of the UK housing market. But, let’s assume/hope the UK wriggles […]
Macrobond Household Index Euro Area: Consumer confidence survey results for April 2020: -22 Lowest number since survey started: -24 Expectation of becoming unemployed in next 12 months: 62 (High) Household gross total income in Q4 2019: 1.8 trillion EUR Change since previous year: 2.5% As percentage of GDP: 60% Household savings rate in Q1 2020: […]
ARTICLE ORIGINALLY PUBLISHED SEPTEMBER 2018 In my last article I set out my company’s broad approach to investing in commercial property and in Poland in particular. I thought it might be interesting for anyone considering investing in Poland to hear about one of our first investments there, a near disaster, and the lesson we learnt. […]
If you think about German banking, your first thoughts are likely Deutsche Bank’s history of negative headlines and crashing stock price over the last many years. There is a widely held perception across the financial markets that Germans are brilliant engineers, but terrible bankers. And there are the jokes: if no one else will buy […]
Availability and quality of London’s public realm have long been a focus of much debate –and admittedly much collaboration–between the private and public sectors, policymakers and communities. But the current pandemic raised the bar for how we approach our public realm. Streets, squares, parks used to impact our wellbeing, shape our socialising, shopping and commute patterns, […]
Social distancing has turned our lives upside down and at short notice businesses adapted to remote working, moving office life into the home. Some are beginning to speculate that this could spell the end of offices, but many people are still hopeful of a return to normality. Home working has benefits for some types of […]
