These are eBay’s best Black Friday bargains November 24, 2016 Traditional retailers such as Tesco and John Lewis may be planning big Black Friday events – but don't discount Ebay when you're bargain-hunting – it isn't just about selling people's old tat any more, you know… Here are the auction site's best deals today: 1. Game on One for the gamers (or those with kids who [...]
House prices grow at slower pace in August September 13, 2016 Talk of a house price bubble bursting came to naught in August as house prices continued to grow – although the rate slowed. Average house prices now stand at £292,921 meaning the average homeowner is sitting on £12,101 more equity than this time last year according to Your Move and Reeds Rains’ monthly house price [...]
Permanent TSB completes EU deleveraging plan with sale of second slug of its mortgage book to Cerberus October 27, 2016 The fund that has spent billions hoovering up some of the UK's banks' most distressed mortgage portfolios, today splashed out €2.4bn (£2bn) to snaffle Permanent TSB's Irish housing book. US distressed debt investor Cerberus Capital Management already owns 50 per cent of Capital Home Loans, a subsidiary of Permanent TSB, and this deal completes the part state-owned lender's €8.4bn [...]
Britain’s biggest buy-to-let investors have sold nearly half their £250m property portfolio September 11, 2016 A couple crowned Britain's biggest buy-to-let landlords have sold off nearly half of their £250m property portfolio and called time on the era of the "amateur landlord". Fergus and Judith Wilson became notorious for buying up properties to rent when the buy-to-let boom kicked off in the 1990s. Read more: Mapped: House price changes in [...]
How to buy a classic car: The Ferrari 328 GTS is a sound investment and a surprisingly sensible classic January 30, 2017 Welcome to the first in an occasional series of classic car reviews. We’ll highlight some of London’s most desirable used cars, classics that are great to drive and likely to offer a healthy return on investment. And where better to start than with one of motoring’s blue-chip brands? Ferraris make up seven out of the [...]
Private equity house says Avio-derci to Italian space business October 20, 2016 Private equity house Cinven has announced the sale of its space launcher and propulsion company. Ten years after Cinven acquired Avio from Carlyle, alongside Finmeccanica as a minority shareholder, for €2.57bn (£2.3bn), the firm has agreed a sale to Space2 and Leonardo-Finmeccanica together with Avio’s management. Read more: Private equity firms backed to capitalise on [...]
Sir Philip Green faces a fresh grilling when MPs debate BHS’ collapse next Thursday October 12, 2016 Sir Philip Green faces a fresh grilling from MPs when the House of Commons debates the collapse of BHS next Thursday. City A.M. understands the debate will focus on the BHS pension scheme and the damning report from MPs that labelled Sir Philip Green "the unacceptable face of capitalism". Read more: Sir Philip Green's Mediterranean superyacht renamed [...]
Le Col: Can this premium cycling brand designed by riders be the next Rapha? December 14, 2016 "I'm convinced that cycling isn't going to go away," says Yanto Barker, a retired British pro cyclist now whose ambitious apparel brand Le Col is currently looking to secure £1m worth of funding from investors via Crowdcube. Le Col is entering the home straight of its crowdfunding campaign with 23 days left for budding investors to join the 117 people who [...]
Got £40m? You could buy Liverpool’s iconic Liver Building October 17, 2016 Liverpool's Royal Liver Building is up for sale and is expected to attract buyers offering more than £40m for the landmark and its Liver Birds. The Grade I listed property is being sold by Royal London Mutual Insurance Society. It is the first time it has been on the market since it was first opened in [...]
What you need to know about the Bank of England’s stress test on Wednesday November 27, 2016 Wednesday will be judgement day for lenders across the UK, as the Bank of England is due to release its most recent set of stress test results. The annual stress test is designed to measure the financial health of the UK's seven major lenders – Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, the Royal Bank of [...]