UK house prices: Housing market ‘on its knees’ amid Brexit uncertainty February 28, 2019 UK house price growth remained sluggish in February, as property experts warned the housing market is “on its knees”. Prices rose just 0.4 per cent year on year compared to January’s 0.1 per cent rate of growth, new data published today reveals. Read more: January transactions flat as uncertainty weighs on housing market But prices [...]
Why the pandemic and the coming economic downturn will accelerate Bitcoin’s adoption November 18, 2020 In October this year, Mode floated on the London Stock Exchange’s Main Market. Two weeks later, we decided to allocate a portion of the money we raised to purchase Bitcoin as part of our treasury strategy. In doing so, we became the first plc in the UK to officially announce the diversification of our reserves [...]
Should we be worried about the rise of the Bank of Mum and Dad mortgage? January 30, 2019 In the years leading up to the financial crisis, it was relatively easy for wannabe homeowners to get loans for the full value of a property – otherwise known as a 100 per cent loan-to-value mortgage. Of course, we know the problems caused by these mammoth loans, and since then, affordability criteria have become stricter [...]
US stocks climb despite jump in jobless claims April 23, 2020 US stocks have opened higher despite another surge in new claims for unemployment insurance as investors choose to focus on a new stimulus package from Congress. Wall Street’s Dow Jones index climbed 0.6 per cent in early trading while the S&P 500 rose 0.7 per cent. The Nasdaq was up 0.8 per cent. European stocks [...]
New homes: Our pick of the new builds going on sale in London this weekend February 8, 2019 New developments on the market this week Kidbrooke Village, Greenwich From £567,500 for a two bed with two bathrooms First time buyers can get on the ladder – and be part of a £1bn regeneration project – on the outskirts of Blackheath with the launch of these new Help to Buy homes. The interior design [...]
New homes: Our pick of the new builds going on sale in London this weekend March 29, 2019 New developments on the market this week The Refinery, Newham From £120,750 for a 35 per cent share of a one bedroom flat Live in the shadow of golden syrup factory Tate & Lyle in an up-and-coming part of east London. Part-buy, part-rent a one, two or three bedroom apartment through Shared Ownership. Sixty homes [...]
Coronavirus: Luxury brands braced for a bumpy ride April 7, 2020 It’s hard to erase the memory of red-and-white sale signs in the world’s most prestigious stores on Madison Avenue, New York, at the end of 2008. Stores that rarely offered discounts in their flagships slashed prices to move stock to very few shoppers. The luxury sector is not quite witnessing the same carnage as the [...]
Facebook unveils $100m support package for news industry March 30, 2020 Facebook today said it will invest $100m (£80.6m) to support the news industry as the coronavirus crisis decimates advertising revenue. The social media firm said $25m will be given as emergency grant funding for local news through the Facebook Journalism Project, while $75m will be granted as additional marketing spend for news organisations around the [...]
SMMT: UK car sales plunge to six-year low despite electric growth January 6, 2020 British car sales slumped to a six-year low in 2019, as widespread economic uncertainty put the brakes on an industry whose only glimmer of hope came in the form of record electric vehicle sales. New car registrations fell two per cent to 2.31m last year, according to the Society of Motor Manufacturers and Traders (SMMT), [...]
Nationwide profits fall as it warns IT investment will continue to weigh down earnings February 8, 2019 Profits fell in Nationwide’s third quarter as the building society was hit by a £167m write-off charge as well as an ongoing technology investment, it revealed today, warning profit pressure will remain in the fourth quarter. The figures Pre-tax profits dropped a staggering 20 per cent year on year to £703m for the last three [...]