Exeter Dominance | Expensive Man Drawer | Church Royalties

For those recipients who may have woken up an hour early today, The Weekly can confirm that the clocks went back last night (which might mean - if you didn't put them forward in March - that the oven, microwave and car are now reading the correct time!). But what if instead of only an hour, the clocks were rewound a decade, back to 2010? Apple had just introduced the iPad, a Conservative-led coalition won the General Election and a lesser known rugby side, Exeter Chiefs, had secured promotion to the Premiership for the first time in their history. Yesterday, Exeter became English Premiership Champions for the second time, adding to their European success of last week. Of course, like any successful side, Exeter has the ability to sparkle all over the pitch, but perhaps the beauty is, that unlike previous champions, the majority of their talent is homegrown, with international superstars Slade and Nowell two of many who have come through the academy ranks. Their director of rugby, Rob Baxter, has been at the club since his playing days, whilst the man who kicked the winning points for their promotion ten years ago, Gareth Steenson, was in yesterday's match day squad, fittingly lifting the trophy on what was his last outing for the club. In a sport which is becoming more and more dominated by wealthy backers and ‘footballers’ salaries’, perhaps the Chiefs are still the exception to the rule?

The Cheesegrater, the Walkie Talkie, the Shard, the Gherkin, the Scalpel. What sounds like the contents of a rather dysfunctional ‘man drawer’ is, of course, the many nicknames adopted by some of the City of London’s most high-profile office buildings. It was announced this week that one of them is now up for sale. W R Berkley has appointed Cushman & Wakefield and Eastdil on the sale of their building at 52 Lime Street. Although unconfirmed, it is understood that the casualty insurance giants are looking for a whopping price, in the region of £820 million, reflecting a yield of 3.5%. If this activity wasn’t encouraging enough, Colliers also recorded some positive news this week. Their Q3 London Offices Snapshot showed that investment volumes across London rose from £549m in Q2 to £2.2bn in Q3. Average deal size increased quarter-on-quarter from £43m to £78m with five lots in excess of £100m exchanging. Annual volumes to date remain 30% down on this time last year, however, with £1bn already secured in Q4 and a potential deal for the Scalpel in the not-so-distant future, dare it be said that a level of optimism may be creeping into The Weekly's HQ?

What do the Church of England and Beyoncé have in common? No this isn’t a trick question. It was revealed this week that the Church is said to be a co-owner of Beyoncé’s Single Ladies, Rihanna’s Umbrella and Justin Timberlake’s Sexy Back. The Church is one of hundreds of investors in a company called Hipgnosis, which, over the last three years, has been snapping up the rights to thousands of past hits. When the songs get played on the radio or in a film or TV show, Hipgnosis picks up its returns from royalties, and, by association, so does the Church of England, alongside other investors such as Aviva and Investec. The company doesn’t look to invest in up-and-coming songs but rather in proven ‘classics’ which provide reliable income streams. According to Hipgnosis founder, Merck Mercuriadis, (who may be a bit biased), the music he has bought is ‘more valuable than gold.’ With an increase in online streaming, the company, whose shares have been largely unaffected by the COVID-19 pandemic could see themselves go from strength to strength. Whether that proves to be the case or not, The Weekly is still trying to imagine the Archbishop of Canterbury dancing to the beat of Rihanna's 2007 Album - Good Girl Gone Bad!