RBS share price rises after it sells off portfolio of Irish real estate loans December 7, 2015 The Royal Bank of Scotland's (RBS) Ulster Bank today has sold off a portfolio of Irish real estate loans for £360m, as part of a drive to decrease its capital needs. The assets were bought by a subsidiary of Cairn Homes and an affiliate of Lone Star Funds, and the sale is expected to complete by the end of this [...]
London house prices: Property in the outer boroughs have proved to be the best investments in 2015. Can they keep it up? December 11, 2015 It’s not like London boroughs are in competition with each other, but if they were, then 2015 has really thrown up some interesting winners and losers in the property market. A new survey published this week by estate agent comparison website GetAgent.co.uk shows that the real success stories in terms of asking price growth and [...]
Liz Murdoch joins Jimmy Choo board November 13, 2015 Elisabeth Murdoch, former chief executive of production giant Shine Group and daughter of media tycoon Rupert, is joining the board of luxury footwear firm Jimmy Choo. Murdoch, who stepped down from the helm of the firm she founded a few years after it was bought out by her father, starts as non-executive director today. Shine Group [...]
It’s time for radical solutions to address London’s housing crisis December 17, 2015 As MP since 2001 for the most central London constituency, I cannot recall a time when housing issues have not dominated my postbag. No surprise, perhaps, when UK buyers compete for a limited supply of homes with a global citizenry seeking its own slice of prime London. But I have also witnessed how the polarisation [...]
Cantor Fitzgerald, Investec, UBS: Best of the Brokers for 03 December 2015 December 3, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Cantor Fitzgerald has remained a “seller” of Mothercare stock with a target price of 135p, despite the company more than doubling UK profits in the first half. It believes it will struggle to meet the lower end of management’s 2019 underlying pre-tax profit [...]
G4S’s share price plummets as turnaround weighed down by surge in asylum seekers March 9, 2016 G4S' share price fell this morning after posting a drop in full year revenues and profit, after the outsourcer everyone loves to hate revealed restructuring costs and write-downs on onerous contracts relating to asylum seekers, as well as soaring debt. The figures Revenues on an actual basis fell 3.7 per cent from £6.89bn to £6.86bn in 2015, while profit [...]
Bellway share price soars as housebuilder’s profit beats expectations on record house sales October 13, 2015 The figures Bellway shares rose 3.5 per cent in mid-morning trading as the UK housebuilder smashed expectations, reporting pre-tax profits soaring by 44 per cent year-on-year to hit £354.2m in the year to 31 July, comfortably ahead of analysts’ expectations of £343m. The housebuilder, one of the UK's largest, sold 7,752 homes, up 13.2 per cent, [...]
10 crazy ideas for the future of London housing which just came a step closer to reality October 12, 2015 Floating houses and homes on top of hospitals: these are just two radical ideas which are a step closer to becoming reality in London. They are just two of 10 concepts which have been chosen as winners in a search to find ideas for the future of housing in the capital and that help solve [...]
Cenkos share price rises after it denies probe by the Serious Fraud Office over Quindell December 8, 2015 Shares in Cenkos rose 15.5 per cent to 170.4 p per share today, after the mid-tier broker and investment house said it's not under investigation by the Serious Fraud Office (SFO). Cenkos was formerly the nominated adviser to scandal-engulfed insurance services company Quindell, which is currently being investigated by the SFO over "business and accounting practices". The clarification came [...]
Derwent London sells Hoxton Hotel development on South Bank to Ennismore for £34m December 7, 2015 Derwent London has sold a development site on London’s South Bank to Hoxton Hotel owner Ennismore for £33.5m, as the company prepares to build a third branch of its East End venue. The FTSE 250 developer and Ennismore teamed up to gain planning consent this summer to convert Wedge House at 40 Blackfriars Road into [...]