The Qataris, not content with Harrods, the 2022 world cup and Chelsea barracks are after Canary Wharf. Songbird Estates rejected a £2.2billion bid recently and analysts expect it to go for closer to £3billion.
However, Qataris own a close on a third of Songbird so there is expected to be some pressure on Songbird to sell. It’s a good time to buy, given rents are set to go up owing to cross rail.
IAG, who own British Airways, announce good news today, as they will begin to pay dividends.
Crane drivers are on strike today after rejecting a 3% pay rise.