Watson’s Weekly 02-03-2024

This is an amalgamation of the “best bits” of the daily weekday newsletter/blog woven together to form a concise and coherent view on the things that matter in the commercial and economic news of the week. 

THE COLOURED HIGHLIGHT REFERS TO THE EDITION WHERE THE STORY APPEARED IN WATSON’S DAILY. Clicking on the day will take you to the appropriate edition of Watson’s Daily.

IN BIG PICTURE NEWS...

This was the week that bitcoin breached $60,000, China paranoia increased and Ocado and M&S got feisty…

IN OIL NEWS…

IN ENERGY NEWS…

IN CRYPTO NEWS…

IN BUSINESS, CONSUMER & EMPLOYMENT TRENDS NEWS...

IN BUSINESS TRENDS NEWS…

IN CONSUMER TRENDS NEWS…

IN EMPLOYMENT TRENDS…

IN TECH NEWS...

OVERALL…

IN AI NEWS…

IN THE AUTOMOTIVE SECTOR...

IN GIGAFACTORY NEWS…

IN EV NEWS…

IN OTHER CAR NEWS…

IN FINANCIALS NEWS...

IN REAL ESTATE NEWS...

IN GLOBAL TRENDS…

  • House prices have been rising worldwide, according to the FT’s analysis of OECD data. Many are now concluding that the deepest property downturn in a decade has pretty much bottomed out. House prices are now increasing or stabilising in most advanced nations whereas those in other countries are at least falling at a slower rate.

IN UK CONSTRUCTION…

IN MORTGAGES…

IN COMMERCIAL PROPERTY NEWS…

  • Hammerson sold the Union Square shopping centre in Aberdeen for £111m, 8% lower than its value at the end of last year, to US-based real estate fund Lone Star as Hammerson ploughs on with offloading “non-core” assets. Hammerson has now sold off all of its less-dominant properties, freeing up more cash and leaving behind a more focused portfolio.

IN RETAIL & LEISURE NEWS...

IN RETAIL NEWS…

IN LEISURE NEWS…

IN OTHER NEWS...