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 [...]
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 [...]
Property prices in Croydon, who is buy and more May 25, 2018 There was a time when Croydon was famous for three things; Kate Moss, trams and Mark and Jez’s dingy flat in Peep Show. Thankfully, its reputation – and its housing stock – have improved since then and it’s now notable for a whole host of other reasons. “In recent years, Croydon has seen a reversal [...]
Stevenage FC launch share offering as they seek £1.2m boost to promotion ambitions June 3, 2019 For clubs scrambling to scale the ultra-competitive English football pyramid it can pay to go against the grain. Ambitious Stevenage FC are doing just that with an innovative equity offering designed to give them a leg up into League One and, later, the Championship. Chairman and majority owner Phil Wallace hopes to raise £1.2m by [...]
Positive thinking on negative equity: What to do if your home is worth less than your mortgage July 4, 2018 Less than a year ago, it was all talk of bubbles in the UK housing market. But we all know that what goes up must come down, and the first signs that the market was losing steam came at the start of this year. The market continues to look skittish, with the most recent figures [...]
How a tea estate is helping to conserve Rwanda’s rich biodiversity September 27, 2019 There are only two things that most people think about when they hear “Rwanda”: the country’s unfathomable genocide, the 25th anniversary of which is in 2019; and, to a lesser extent, the critically endangered mountain gorilla. But Rwanda is unrecognisable from how it was in the mid 1990s, and although the gorilla population is steadily [...]
Office Space: Inside the opulent Mayfair base of luxury property developer Clivedale November 1, 2019 Real estate firms’ offices tend to fit into one of two moulds: a converted Mayfair townhouse, an old-fashioned relic left over from the days where Hanover Square was overrun with estate agents in braces and pinstripe suits; or a clinical, corporate space interchangeable with that of any other property company, law firm or accountant. Super-prime [...]
First-time buyers still have to save for over a decade to get a home in London September 26, 2016 First-time buyers may have hoped the EU referendum would reverse house price growth in the UK, but a Brexit housing crash has not materialised, and saving for a deposit has not become any easier. Would-be homeowners have to save for just over 10 years to get a deposit, according to research by Hamptons International, a figure [...]
Cryptocurrency bitcoin jumps back above $5,000 after hitting yearly high April 3, 2019 Bitcoin is trading back above $5,000 this afternoon after hitting a 2019 high earlier this week. The cryptocurrency soared 20 per cent within an hour yesterday morning reaching a high of $5,087, breaking the $5,000 barrier for the first time since November last year. Read more: Bitcoin hits yearly high as it rises above $5,000 Bitcoin’s [...]
Focus On Balham: What’s the property market like in SW12, the historically less cool neighbour to Battersea and Clapham? May 25, 2018 No one wants to be the runt of the litter, but that is exactly what Balham was historically, sandwiched as it is between the Chelsea-aspirant hordes of Battersea and Clapham. “In the past Balham could have been described as the ugly sister of Battersea and Clapham,” says Hamish Scott, branch manager of Hamptons International estate [...]