New York City posts notice of new tax levy to pied-a-terre owners

Just a handful of addresses are driving the luxury market in some of Manhattan’s priciest neighborhoods.  Last quarter, signed contracts at the borough’s hottest new developments accounted for hefty shares of the luxury volume in their respective neighborhoods, boosting activity and, in some cases, doubling the median price per square foot.  The findings come from…

Corn rounded out Thursday trade with contracts down 4 to 6 cents across most contracts. The CmdtyView national average Cash Corn price was down 6 3/4 at $4.10 3/4. USDA’s weekly Export Sales report this morning fell short of the trade estimated range of 500,000 to 1 MMT for old crop corn export business in the…

Changes to the ownership structure of Purplebricks parent company Strike have emerged following Companies House filings, alongside overdue annual accounts for both entities. Charles Dunstone, the billionaire founder of Carphone Warehouse, is no longer listed personally as a person of significant control at Strike, according to documents filed yesterday. Instead, his investment vehicle Freston Ventures…

The sale comes as private equity groups continue to pursue independent wealth management firms. Credit: Piotr Swat/Shutterstock.com Carlyle and Bain Capital are in contention to acquire Wealth Enhancement in a deal that could value the wealth management platform at about $7bn including debt, the Financial Times has reported. Wealth Enhancement oversees nearly $160bn in client…

Landlords are increasingly tailoring houses in multiple occupation (HMOs) to appeal to clearly-defined tenant groups, new research from Paragon Bank has found. The findings show that 92% of landlords say they have adapted or presented their HMOs to attract a particular tenant type. Students are the most commonly-targeted group (36%), followed by white-collar or professional…

Recognise Bank has appointed ex-Starling Bank chief operating officer Julian Sawyer as a non-executive director (NED). In addition to Starling Bank, Sawyer brings a wealth of banking and fintech experience to the board at Recognise Bank, and his previous roles include CEO roles at Zodia Custody and Bitstamp. Recently, Recognise Bank announced that it has…