July, 2016

• 26 July

  Italy’s Enav rises 12pc after first post-Brexit IPO

    Bloomberg Italy’s state-run air traffic controller Enav SpA climbed as much as 12 percent in its Milan trading debut after the first large, European listing since Brexit. Enav’s government owners had priced shares in an initial public offering at 3.3 euros apiece, near the top end of an offered price range, to raise 759 million euros ($835 million). The …

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• 26 July

  Analyst warns of restaurant slump

    Bloomberg According to one analyst, not even the Pokemon Go craze can save the restaurant industry. During much of the recovery from the financial crisis, restaurant spending has been a retail highlight as other areas, like department stores, have struggled. According to Stifel Financial Corp. analyst Paul Westra, however, recent surveys point to the start of a serious decline. …

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• 26 July

  Jetblue’s 30-jet Airbus order opens door to future Europe routes

  

    Bloomberg JetBlue Airways Corp. ordered 30 Airbus Group SE A321 jetliners valued at $3.6 billion as the carrier expands its premium cabin service and opens the door to trans-Atlantic flights. JetBlue agreed to buy 15 A321s with the current engine option for delivery starting next year, and 15 more A321s with new, more fuel efficient engines starting in 2020. …

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• 26 July

  Rent relief to delay Fed’s wait to hit inflation goal

  

    Bloomberg A 42-year high in the number of apartment buildings under construction points to an impending surge in supply that portends a moderation in the cost of shelter, which in June capped the biggest 12-month jump in almost a decade. Any cooling in the most pronounced driver of inflation means the Fed will have to wait even longer to …

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• 26 July

  Brooklyn developer taps Israeli market ending Urbancorp drought

  

    Bloomberg Brooklyn developer The Leser Group Ltd. is selling 125 million shekels ($32.5 million) of bonds in Israel, reopening a market that was shut to North American real estate companies after Canadian developer Urbancorp Inc.’s April default rattled investors. The new issue, a retap of Leser’s 6.9 percent bonds due in May 2026, will yield 6.6 percent, according to …

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• 26 July

  Vancouver wields foreigner home tax

    Bloomberg Canada plans to tax overseas investors buying homes in Vancouver, one of North America’s hottest property markets, as it seeks to tamp down price gains in an area that absorbed more than C$1 billion ($760 million) of foreign money in five weeks alone. An additional property-transfer tax of 15 percent will apply to foreign nationals and overseas corporations …

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• 26 July

  Blackstone selling $550mn Dutch offices

    Bloomberg Blackstone Group LP plans to sell office properties in the Netherlands as the world’s largest manager of alternative assets seeks to profit from rising real estate prices in the country, according to two people with knowledge of the process. CBRE Group Inc. has been hired to market the properties in cities including Amsterdam and Utrecht for more than …

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• 26 July

  Building affordable housing is not really ‘affordable’

  

    Bloomberg A real estate developer wanted to increase affordable housing in Denver, trying to make fiscal sense out of a plan to build rental apartments for people making only 30 percent of the area’s median income—the kind of housing America desperately needs. He discovered that, no matter what lever he moved or compromise he made, he was going to …

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• 26 July

  Dovetailing design thinking with IT

  

    Bloomberg A few months ago, senior executives at Vodafone’s Irish division sat down with a 16-year-old boy to ask him about his daily routine and, specifically, how he uses his smartphone. The kid told them that the first thing he does in the morning is check Snapchat. On the way to school, Snapchat. On the way home, Snapchat. Sometimes …

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• 26 July

  Consumers covet ‘connected’ cars

  

    Relaxnews Consumers in the US, UK, China and Germany will be actively seeking active safety systems and connected technology when they come to buy their next car. The results of the fourth annual IHS Markit study show that Advanced Driver Assistance Systems (ADAS) such as autonomous emergency braking, traffic jam assist and blind spot monitoring now top car buyers’ …

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