UK housing market activity rose to a six-month high in September – Connells Survey & Valuation October 13, 2015 UK housing market activity reached a six-month high in September, according to data out today from Connells Survey & Valuation. Last month also saw the number of property valuations reach the second-highest monthly level on record – there were just 0.5 per cent fewer valuations carried out than in March 2015, which is when they [...]
London professionals are poorest in the UK despite earning highest salaries – CV-Library October 13, 2015 Professionals working in London are the poorest workers in Britain, despite earning the highest average salary, according to new research from job site CV-Library. Based on new roles advertised in the third quarter of 2015, CV-Library calculated that the average annual salary in London is £36,905, which is 16.6 per cent greater than the national [...]
Builders warn UK skills shortages could halt housebuilding and new infrastructure October 12, 2015 A leading industry group has said that a skills crisis in the building industry threatens to undermine the government’s housebuilding initiatives. According to a new report from the Federation of Master Builders (FMB), 60 per cent of small construction firms say they are struggling to hire bricklayers, compared to 49 per cent just three months ago.The [...]
Wall St ends up with focus on earnings – New York Report October 12, 2015 Gains in utilities offset a retreat in energy shares yesterday, leaving US stocks slightly higher as investors remained nervous about third-quarter corporate results. The Dow Jones industrial average rose 47.37 points, or 0.28 per cent, to 17,131.86, the S&P 500 gained 2.57 points, or 0.13 per cent, to 2,017.46 and the Nasdaq Composite added 8.17 [...]
London Living Wage: The best and worst boroughs for paying living wages October 12, 2015 Fewer jobs in London pay above the Living Wage than five years ago, but jobs in the capital are more likely to pay the wage than those outside. Between 2008 and 2010, jobs paying less than the £8.80 living wage in London accounted for 13 per cent of all jobs in the city. By 2014, [...]
London house prices: Why fried chicken is a useful guide to where to invest in property October 12, 2015 The Coffee: Fried Chicken Shop Index started quite literally as a joke, forming part of a stand-up comedy routine I did. But the results highlight a wider aspect of the London property market, and one which many may have subconsciously considered when walking the streets of the city. When looking to invest in a particular property and, [...]
London house prices: Why Canary Wharf is experiencing a residential property boom October 12, 2015 Estate agents are reporting a small “property boom” in east London, with prices rising by nearly 15 per cent in some areas during the first half of this year. In a new report out this week, Chestertons, an estate agent, points to the success of London’s technology, creative and financial sectors to explain the jump [...]
UK household spending has a soft September – Visa October 12, 2015 UK shoppers tapered their spending last month, according to new figures published today by a credit card giant. Visa’s consumer spending index – which looks at total spending, not just that on credit cards – showed spending post a lift of 1.8 per cent in September compared with the same month last year. Despite the gain, [...]
UK private sector pay is growing at its fastest rate in 15 years – Resolution Foundation October 12, 2015 Pay in the private sector is likely to be growing at its fastest pace in 15 years, a think tank has said today. The Resolution Foundation believes workers’ pay packets – once inflation has been taken into account – will have grown between 3.4 and 3.6 per cent in the three months to August when [...]
London professional jobs market has slow start to autumn – Morgan McKinley October 12, 2015 London's professional jobs market came off the boil last month, but there are signs of activity picking up and pay growth remains robust. The number of jobs of available fell 14 per cent in September compared with August, data from recruiter Morgan McKinley reveals today. However, the number of jobs available is up 12 per [...]