London house prices start to stabilise after three-year dip March 27, 2019 Signs that London’s house prices could be starting to stabilise emerged this morning, with a new study showing that values picked up slightly in February. According to Zoopla, househunters that have previously held off on deals are seeking out buying opportunities in the capital following weaker house price growth amid the Brexit uncertainty. Read more: [...]
Worst London house price drop in 10 years drags down UK house prices growth March 29, 2019 UK house price growth stayed soft in March as London's worst house price drop in a decade dragged down the market. Prices rose 0.7 per cent in March compared to the year before, according to Nationwide’s latest house price index, a modest 0.2 per cent higher than February. Read more: UK house prices: Brexit means prices [...]
Why has the weaker pound failed to turbocharge the economy? August 5, 2019 The sharp fall in the pound in the wake of the 2016 Brexit referendum would help “rebalance the UK economy”, in the words of Mervyn King, former governor of the Bank of England. But since then, the UK has struggled to improve its trade position and has certainly not seen any boost to GDP growth. [...]
Berkeley Group hit by cautious outlook June 20, 2018 Berkeley Group announced a solid set of full-year figures Revenue dipped by 0.7% to £2.703 billion and the consensus estimate was £2.729 billion. Pre-tax profits jumped by 15.1% to £934.9 million, while equity analysts were expecting £905.08 million. The company has comfortable net cash position which has increased by 140% to £687.3 million. Berkeley’s capital [...]
Istanbul has rekindled Turkey’s fight against religious autocracy June 26, 2019 Istanbul is one of the most famous cities in the world, on account of a storied history encompassing myriad great events. As Byzantium, it was first the fortress of the eastern Roman Empire and then the bastion of Orthodox Christianity. After its fall to the Turks in 1453, the newly-minted Constantinople became the capital of [...]
House prices in Bethnal Green: Shoreditch’s loss is Bethnal Green’s gain as professionals flee high house prices in E1 | City A.M. July 16, 2018 There was a time when Bethnal Green lived up to its rural-sounding name. It was actually a prosperous area in the 19th century, with large houses and gardens. Originally called Bethan Hall Green, the name was changed to align with local Cockney pronounciation which dropped the ‘h’. By the 19th century, Bethnal Green became one [...]
Royal Institution of Chartered Surveyors: London house prices predicted to keep falling as market has worst month since 2009 May 10, 2018 London’s housing market has experienced its worst month in nearly a decade, with surveyors expecting prices to drop even further over the next year. A highly-regarded survey published this morning reveals that 65 per cent more property surveyors saw London prices fall during April rather than rise, the weakest reading since February 2009. Sinking prices [...]
Crest Nicholson reports profit slump on Brexit uncertainty June 11, 2019 Crest Nicholson reported a fall in profits this morning as Brexit uncertainty kept house prices flat across the south of England. The figures Revenue was £501.9m, up seven per cent on half-year 2018 while profit before tax fell 11 per cent to 64.4m. Read more: Intu appoints ex-Crest Nicholson exec as finance chief The company [...]
Focus On Peckham: How it went from Only Fools fame to be the first time buyer capital of London November 25, 2016 Whatever you think about 2016, it’s been a billboard year for Peckham. Two large houses near Peckham Rye station sold £2.5m this year, a record price for the area, firmly cementing SE15’s fast-growing reputation as a desirable place to live. It’s not bad for an area that is embedded in the national psyche as the [...]
Tradeweb’s CEO on tech, China, and modernising bond markets July 24, 2019 While researching Lee Olesky, the co-founder and chief executive of the fixed-income market platform Tradeweb, I came across an article comparing him to Amazon’s founder Jeff Bezos. Both started their companies in the nineties. Both set out to use the internet and ecommerce to disrupt their respective industries at a time when the idea of [...]