London house prices: Home buyers increasingly face a sellers’ market June 9, 2021 London’s property market witnessed a 19.4 per cent decrease in the number of sellers willing to drop their asking prices, according to new data shared with City A.M. this morning. The uplift in sellers’ confidence, researched by Chestertons, echoes Halifax’s latest House Price Index for May, which revealed that the average property price in London [...]
Foxtons expect profits to shoot ahead of past two years June 3, 2021 Foxtons confirmed to markets this morning that they expect profits to be “significantly ahead of both 2020 and 2019” after a bumper start to the year. The firm has seen a 49 per cent increase in Q1 sales revenues versus both 2020 and 2019, and the sales commission pipeline is now 65 per cent ahead [...]
Zoopla: Coronavirus could send UK house prices plunging March 26, 2020 UK house prices could plunge dramatically as the coronavirus outbreak causes demand to dry up, Zoopla has warned. The spread of Covid-19 is already having a big effect on the market, causing a 40 per cent drop in demand for housing in the seven days to 22 March, according to data from property website Zoopla. [...]
Advertising spend enjoys temporary comeback as inflationary pressure threatens growth July 28, 2022 A new report has warned that despite advertising spend getting back on its feet in the first quarter of 2022, this momentum will be relatively short-lived.
Berkeley snaps up National Grid’s stake in joint venture for over £400m March 15, 2022 Property developer Berkeley has acquired the National Grid’s stake in a realty joint venture for £412.5m. The London-listed house builder snapped up the remaining 50 per cent interest in its St William Homes joint venture, it announced on Tuesday. Rob Perrins, Berkeley’s chief executive said: “The vision of our innovative partnership was to take National [...]
Mr Kipling manufacturer Premier Foods sales ahead of expectations July 23, 2021 Premier Foods have reported stronger than expected sales as the Mr Kipling manufacturer’s healthier ranges have proven popular with consumers. Group sales were up by 6.3 per cent compared to two years ago – at top end of Group’s expectations – while its branded sales also rose, by 9.3 per cent. The Hertfordshire-based company published [...]
Bloomsbury buys academic publisher ABC-CLIO for $22.9m December 16, 2021 Bloomsbury announced this morning it has acquired US academic publisher ABC-CLIO for $22.9m (£17.3m), pushing shares up 5.72 per cent to 351p. Out of the total deal, $22.3m were given in cash on completion, leaving $0.6m to be paid post completion. The purchase is expected to strengthen Bloomsbury’s academic reach, especially in North America. “ABC-CLIO [...]
The rise in house prices slows after stamp duty holiday ends July 28, 2021 Property prices have continued to rise but at a slower pace since the stamp duty holiday came to an end, according to the Nationwide HPI report for July. Annual house price growth slowed to 10.5 per cent in July, from the 17-year high of 13.4 per cent recorded the previous month. In month-on-month terms, house [...]
Sports Direct owner Frasers Group set for ‘upbeat’ update after reopening stores July 30, 2021 An “upbeat” trading update is reportedly expected from Mike Ashley’s Frasers Group, which owns Sports Direct, in the hope that the reopening of high street stores have pushed up sales The retail giant was more cautious in its outlook in April despite the reopening of retailers across the UK. It warned it could take a [...]
Bill’s closes 14 restaurants after pandemic pressure December 13, 2021 Restaurant chain Bill’s has shut 14 loss-making venues in its financial year after the pandemic hammered sales. In accounts filed to Companies House, the firm stated it made a £62m turnover for the 53 weeks to 3 January 2021. This was down on the £127m for the 52 weeks to 29 December 2019. The restaurant [...]