Rush to beat stamp duty deadline drives mortgage borrowing to record high July 29, 2021 A rush to complete house purchases before the tapering of the stamp duty holiday at the end of June drove mortgage borrowing to a record monthly high, reveal new figures published today. The Bank of England said mortgage borrowing hit £17.9bn in June, surging 163 per cent in just a month from £6.8bn in May. [...]
Meggitt presses ahead and publishes documents for Parker-Hannifin £6.3bn takeover bid August 16, 2021 British defence technology firm Meggitt has published its scheme documents for a recommended £6.3bn takeover by Parker, just five days after it received a proposal for a potentially higher bid from US rival Transdigm. Meggitt said its takeover panel will announce a deadline by which TransDigm must clarify its intentions in relation to its offer, [...]
Savills: Bank of Mum and Dad to pay out almost £30bn over the next three years August 16, 2024 First-time buyers will receive almost £30bn in financial support from their parents over the next three years as the housing ladder slips increasingly out of reach for independent young buyers. Gifts and loans from the Bank of Mum and Dad totalled £9.4bn in 2023, according to the latest analysis from property firm Savills. This figure [...]
House sales surge as green shoots emerge in property market February 19, 2024 House sales in the first six weeks of 2024 are 16 per cent higher than over the same period last year, and three per cent higher than in 2019.
Has the UK housing market turned a corner as the Bank of England cut interest rates? August 9, 2024 Quiet optimism is the mood of the day in the housing market, as house prices firmly ticked up in July. Both the Nationwide and Halifax house price indices posted accelerating house price growth. Nationwide reported a 0.3 per cent month on month increase and Halifax pointed to a stronger 0.8 per cent month on month [...]
Morgan goes off-road with rally-inspired Plus Four CX-T August 9, 2021 Just eight examples of Morgan’s wacky Plus Four CX-T sports car will be built, priced at £204,000. You'll need to be quick to buy one.
House prices: Growth rates surge across UK, with London homes averaging £509,000 June 29, 2021 UK house prices: Growth rates surge across UK, with London homes averaging £509,000
‘The jack is out of the box’: London-listed firms picked off as UK dealmaking springs to life July 1, 2024 A raid on London listed firms has accelerated in the opening months of the year as cashed up corporate buyers take advantage of a perceived valuation gap on London’s markets, new figures have revealed.
Hargreaves Lansdown extends deadline for £5.4bn private equity takeover July 19, 2024 Hargreaves Lansdown has extended a deadline for its potential £5.4bn takeover by a consortium of private equity bidders today, as it looks set to become the latest London firm to shift into private hands this year.
Focus On: Get yourself into a Pickle in booming Bermondsey November 12, 2021 Located in the south-easterly London Borough of Southwark, Bermondsey has a fascinating past. Back in the 1800s it was known for its industrial plants for processing animal hides (hence some road names such as Tanner Street and Leathermarket), as well as slums for local workers and the notorious docks that inspired scenes in Dickensian novels [...]