With the domestic football and rugby seasons drawing to an end after yesterday’s FA Cup and Premiership Rugby finals at Wembley and Twickenham, sporting attentions now turn to the more traditional summer sports like cricket, tennis, golf and sailing. For the cricketing fans amongst The Weekly readership, the ICC Champions Trophy starts on Thursday, with the hosts and now 5/2 favourites, England, taking on Bangladesh at The Oval in the opening match. Today's sporting action sees the start of the French Open tennis, Jenson Button return for one last hurrah at the Monaco Grand Prix and Europe’s leading golfers complete their final rounds at the BMW PGA Championship at Wentworth. And if none of these tickle your fancy, then how about Sir Ben Ainslie’s quest to skipper the first British crew to win the America's Cup which started yesterday? And if you are still not interested, then there’s always some DIY to do. It’s a Bank Holiday weekend after all!
The past few weeks have seen a clutch of results announcements from the larger UK real estate investment and property trusts. The results make for a mixed picture, especially for those companies with large London office holdings. Great Portland Estates for example revealed a 5.7% fall in NAV per share, "driven by a decline in capital values and rental values". Helical, on the hand, reported 3.7% year-on-year NAV growth, supported by a 9.9% like-for-like valuation increase for their London investment portfolio. Whilst the London office market is widely expected to face significant challenges in the wake of Brexit, research released by CBRE this week shows that the popularity of London as a retail market shows no signs of abating. Not only did 2016 set a record for the highest amount of money invested in retail property in London (£2bn), but it still remains the most sought-after destination in Europe, and second only to Hong Kong globally, for retailers wishing to expand their operations. If only it was a similar story on the majority of the UK’s regional high streets!
For anyone living with someone under five years old, Peppa Pig will be a familiar friend (or nemesis). For those who do not, Peppa is a small pig with a red dress and a very loud oink! She lives with her baby brother (George), Mummy Pig and her silly Daddy whose “tummy is too big”. Peppa’s big thing is jumping in muddy puddles but she also appears to now be making a genuine play for world dominance. This week she took a step closer, as plans were revealed to make another 117 episodes, taking the total number of shows up to a staggering 381. Peppa Pig is a global phenomenon. It is shown in more than 180 countries around the world and it has already been translated into forty languages. Last year Peppa pulled in more than $1.1 billion in retail sales and was the subject of more than 500 new and renewed broadcast and licensing agreements. In China the programme has been watched more than 24 billion times on streaming and on-demand services since it was launched only two years ago. It’s fair to say that Peppa really is bringing home the bacon for her owner, One Entertainment.