Game Digital puts profit warning behind it despite slowdown in console sales August 11, 2015 It has been almost two years since the launch of Sony’s latest console, the PlayStation 4 (PS4) and Microsoft’s Xbox One and after the initial sale frenzy, demand is now cooling, according to Game Digital. The video games retailer said revenues at its hardware division were hit by a near 20 per cent drop in [...]
The super-rich paying a £50,000 deposit to RENT in London August 20, 2015 With rising house prices placing home ownership out of reach for many and overseas investment rife, London’s lettings market is booming. But the commonly-painted picture of young professionals struggling to pay for their grotty house share in Dalston only tells one side of this increasingly complex story. For competition isn’t only fierce at the affordable [...]
Another director leaves House of Fraser following Chinese acquisition April 27, 2015 House of Fraser is losing another member of its senior team, months into the department store's ownership transition. Chief financial officer Mark Gifford is leaving the company in September after eight years in the role, and 13 years at the company all told. Colin Elliot, a chartered accountant who has most recently worked [...]
Mansion House Speech 2015: Chancellor George Osborne will start government RBS sell off as soon as possible June 10, 2015 In his annual Mansion House Speech this evening, chancellor George Osborne announced that the government will begin to sell off its stake in the Royal Bank of Scotland (RBS), even is it is at a loss. He said a “decision point” had been reached, and that it was in the interest of taxpayers to [...]
Villains of finance: How the world’s most infamous crooks tricked investors – and the tell-tale signs of ponzi schemes November 19, 2015 Victims of the biggest ever Ponzi scheme – Bernie Madoff’s $65bn (£43bn) fraud – are finally getting their money back after seven years, as another tranche of payouts is approved by US courts. The saga is not over yet, as an upcoming film called “Wizard of Lies” will shine a light on the story, starring [...]
Only 43 homes listed for sale in London are “affordable” for the average family April 29, 2015 Just 43 homes listed for sale in London are classified as "affordable" to the average family, new research has suggested. That's 0.1 per cent of the market – and it includes houseboats and a mobile home. The study, by housing charity Shelter, found 34 of those properties has "incorrect information" in their listings, were likely [...]
Webuyanycar.com owner British Car Auctions sold for £1.2bn March 26, 2015 The company formerly known as British Car Auctions (now known as BCA), the parent behind those ubiquitous, irritating webuyanycar.com ads, has been sold for £1.2bn, it was confirmed today. BCA was sold to listed investment fund Haversham, which is backed by City fund houses including Aviva, Schroders, Inveso and Artemis. It had been thought to [...]
London property focus on North Greenwich: Affordable homes by the riverside September 4, 2015 Fancy a night out in North Greenwich? No, not that one with the market, the chapels, the observatory and the ship. The other one with the O2 Arena and… not much else. It’s a hard sell, truth be told, so imagine how much harder it must be to convince someone to live there. Once a [...]
Is this the future of property? Rob Ellice on why you should let your home online June 25, 2015 We ask Rob Ellice, CEO of easyProperty why it's a good idea to rent your home online. What would you say is the core business ethos behind easyProperty? easyProperty wants to make selling and letting properties as affordable, convenient and transparent as possible. We help landlords list their properties on the big online property portals [...]
National Housing Federation chief: “Extending right-to-buy is the daftest idea I’ve heard” April 14, 2015 Will the Tories' flagship manifesto policy encounter more of a backlash than they had expected? The housing sector is less than supportive, if a blog by National Housing Federation chief David Orr is anything to go by, in which he calls rumours the Conservatives will attempt to extend right-to-buy "a genuinely stupid idea". The blog, [...]