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...Canary Wharf has also been challenged by the departure of key tenants, as it works to diversify the estate. The group is burdened with £3.7bn of net debt....
...PwC has built up a significant business auditing Chinese real estate groups, and has acted for several other developers that have struggled, including Country Garden, Sunac, R&F Properties and Shimao....
...Italian bakery company Forno D’Asolo to a rival buyout group....
...Sir Lynton Crosby’s CT Group has been accused of unlawfully gathering privileged information in a legal battle in London’s High Court over a multibillion-dollar estate linked to a deceased Russian billionaire...
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents from a portfolio spanning thousands of warehouses, apartment buildings and data centres across the US...
...Grosvenor, the Duke of Westminster’s property company, is launching a £900mn lending business focused on residential development, as real estate investors opt for debt investments over the risk of buying...
...According to HMRC, an estimated £7.6bn in R&D tax relief was claimed for the 2021-22 tax year, which corresponded to £44.1bn of R&D expenditure....
...Nemer said committing to funding levels of $10bn-$15bn for R&D would be justified to tackle other pathogens....
...The company spent €6.7bn on R&D last year. It plans to spend an additional €700mn next year. That is not eye-popping. Sanofi’s R&D spend last year was 15.6 per cent of revenues....
...In the last fiscal year, Apple spent twice as much buying back its own shares as it did on R&D....
...“Although our R&D budget fell this year, we will provide utmost support for R&D spending next year, reflecting the reform results.”...
...the advantages of the Côte d’Azur location, such as lucrative rental opportunities in the summer months....
...“I think something that I should have explained better at earnings was that almost all of the increase in investment in R&D is in D. Because that’s where the action is for us....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...R+D.Lab Vintage Lacquer collection of Bilancia ceramics, from €25...
...If we play our cards right in the global R&D race, the UK can become a destination of choice for more business R&D investment....
...Knocking down long-standing barriers to cross-border trade, making it easier to capture the opportunity of global economic growth through trade deals, better leveraging our capabilities in R&D and ensuring...
...The support must also be easier to access, he said, adding that he faces “a lot of pushback” when submitting claims for R&D tax credits....
...Who Italy Sotheby’s International Realty House, Val d’Orcia, €3.8mn Where In the rural region of Val d’Orcia, a Unesco World Heritage site....
...Yet buying real estate is not the smartest use of luxury cash flows. On the face of it, Kering’s deal does not look too bad....
...But analysts at Jefferies said that worries about the company’s “R&D productivity will take time to lift”, pointing to a lack of significant trial results expected in 2024 and growth tailing off for the...
...“Corporate clients are creatures of habit who rent the same apartments year after year,” says Adrien Willing-Lamy at Beauchamp Cannes estate agency....
...“Europe is losing R&D. Innovation is moving to the US,” Lars Fruergaard Jørgensen, president of Efpia and chief executive of Novo Nordisk, the EU’s most valuable drugmaker, told the FT....
...But they still need agents — particularly those who sell real estate as a side hustle — to stay put, rather than go the way of travel agents. pan.yuk@ft.com...
...Political will for public R&D investment has materialised....
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