Crowdfunding website offers new ways to invest in UK property development April 27, 2016 A new crowdfunding platform is offering investors the chance to buy a stake in potential housing development sites. Intro Crowd, launched today, offers the opportunity for investors to buy shares in companies owning the land plots for as little as £1,500. Gregory Baker, Intro Crowd’s chief executive, said: “The government has pledged to build one [...]
US new home sales figures lay foundations for June rate hike May 24, 2016 Sales of new homes in the United States jumped to their highest level since before the crisis, as the US economy picks up momentum in the second quarter. The number of newly-built homes sold – on an annual basis – hit 619,000, a jump of 16.6 per cent on last month and around 100,000 ahead of [...]
Former BHS owner Sir Philip Green slams politicians for ‘trial by media’ and ‘leaping to conclusions’ May 5, 2016 Sir Philip Green, the former owner of collapsed retailer BHS, has hit out at politicians for conducting a “trial by media” and “leaping to conclusions” about his 15 year ownership of the firm. The Arcadia chief has written to Frank Field MP and Iain Wright MP, chairmen of the House of Commons Work and Pensions [...]
Brick maker Forterra lays plans to follow rival onto the London market with £450m float March 29, 2016 Forterra, the second-largest brick maker in the UK, is laying the foundations for a £450m float on the London Stock Market, looking to build on government plans for an increase in house building. Forterra, previously Hanson’s UK building products division, will list on the London Stock Exchange next month with a free float of at least 25 per cent. [...]
Production company behind BBC’s “steamy” Versailles plans UK expansion July 10, 2016 If you were you among those outraged by the BBC Two series Versailles – described by one Mail Online report as “the steamiest series on television” – you might want to stop reading. Newen, the French production company behind the series, is in talks with the BBC, ITV and Netflix over programming – and is [...]
Raise a pint to City Beerfest 2016, the Square Mile’s very own summer festival with live music, booze and vintage cars July 6, 2016 Set in the heart of the City in the elegant and historic Guildhall Yard, City Beerfest returns to the Square Mile for its fourth outing today. The Worshipful Company of Brewers has attracted an impressive range of breweries, while the City Music Foundation (CMF) has arranged a varied line up of music, from jazz to [...]
Probe finds non-transparent practices are pervasive within the US advertising industry June 7, 2016 Media agencies in the US have been given cash rebates by media companies for spending a certain amount of their clients' budgets with them, a probe by an American industry trade body has found. Agencies are expected to act in the best interests of their clients, and such rebates are banned in the States. A "pervasive" [...]
PMQs today: Prime Minister David Cameron forced to defend government’s record on housing February 10, 2016 Prime Minister David Cameron came under the cosh on housing from Labour leader Jeremy Corbyn, forcing Cameron to defend the government's plans to help people buy and own property in the UK. Corbyn said that Cameron's record is one of failure on housing, asking what the Prime Minister was doing to help people who suffer unrealistic house prices and [...]
London house prices: Qataris now own £1bn chunk of Mayfair property – and their favourite addresses are Park Lane, Green Street and Mount Street March 29, 2016 Members of the Qatari royal family, other Qatari nationals and wealth funds now own a £1bn chunk of Mayfair real estate, a new report estimates. Almost a quarter of Mayfair’s 279 acres and over 4,300 residential properties is now dominated by Qataris, prompting estate agent Rokstone to dub the area between Park Lane, Hyde Park and North Row "Qatari [...]
Berkeley Group share price falls as it reports prime slowdown and questions government response to housing crisis March 18, 2016 Berkeley Group has questioned the government's response to the housing crisis, saying that it will struggle to ease the growing gap between supply and demand. "We welcome government's intentions to address the persistent and acute imbalance between housing supply and demand but are concerned that supply may not respond positively due a number of inter-related factors," it said [...]