Look to the green belt: Paper calls for radical changes to land near train stations in bid to solve housing crisis September 10, 2018 Freeing up green belt land near train stations could pave the way for the construction of 1.5m new houses, according to a report which seeks to tackle London’s chronic shortage of affordable housing. Radical proposals that call on the government to loosen development restrictions around green belt areas within a half-mile radius of train stations have been [...]
UK house prices: First-time buyers force growth surge as buy-to-let investment tails off April 6, 2016 Buy-to-let purchases might be tailing off – but the number of first-time buyers in the UK property market has surged, pushing prices up as demand intensifies. Figures out from estate agents Haart this morning showed that while average house prices climbed 4.1 per cent in the year to February 2016, the average first-time buyer house price jumped 9.8 per [...]
Why are Premier League clubs being paid in Bitcoin for their commercial deals with trading platform eToro? August 23, 2018 If 2018 has been the year of football dipping its toe into the world of cryptocurrency, then this week saw some teams go a little deeper into uncharted waters. On Tuesday, seven Premier League clubs including Tottenham and Crystal Palace announced that they had signed commercial partnerships with investment platform eToro. What made these deals [...]
How Brexit could help mortgage prisoners break free November 22, 2018 In the years leading up to the 2008 financial crisis, lenders were dishing out large mortgages and asking for tiny deposits in return. Property values were rapidly outpacing wage growth, and buyers were being allowed to borrow eight times their annual salary. For many homeowners, the problems started after the crash when the regulators forced [...]
Vue Entertainment to postpone IPO after major Canadian shareholder considers selling stake June 14, 2018 The UK's largest cinema chain, Vue Entertainment, may postpone its plans for a stock market float after news that one of its biggest shareholders is considering selling its stake in the company. According to Sky News, which first reported the reshuffle, Canadian company Alberta Investment Management Corporation (Aimco) is seeking a buyer for its ts [...]
London startups take the lead in Tech Nation’s fourth Upscale accelerator January 25, 2019 City startups have landed more than two thirds of the places available on Tech Nation’s fourth Upscale acceleration programme, beating out over 100 applicants. The digital entrepreneur network, which also runs a fintech accelerator backed by the Treasury, has selected 30 startups as “ones to watch” in 2019. The fast-growing tech firms will enter the programme’s [...]
Editor’s Notes: The joy of Scan-dining, coming down to earth and never mind the Banksys October 12, 2018 The City’s restaurant scene has changed enormously even in the last few years. There’s more life in the Square Mile at weekends and more choice for City lunches than ever before. These are exciting times. A good way to get a sense of this is to embark, as I did yesterday, on a lunch safari. [...]
Shutterstock CEO Jon Oringer on putting profit first and selling his billionth image | City A.M. April 9, 2018 Many moons ago, there was a game called GoogleWhack. The objective was to return only one hit from a Google search query consisting of just two words. Naturally, with billions of pages indexed, it’s quite tough, and today, probably impossible. I propose a new, but similar, game using Shutterstock. Type in any two words, and [...]
UK house prices: Demand for homes drops due to uncertainty around the General Election May 30, 2017 The demand for homes stuttered in April due to uncertainty around the General Election, according to the National Association of Estate Agents (NAEA). The number of house-hunters registered per estate agent branch fell in April, the property body found. There were 381 house hunters per branch in April compared to 397 in March and close [...]
Isa guide 2016: What first-time buyers need to know about the Lifetime Isa and the Personal Savings Allowance March 31, 2016 It only seems like yesterday that George Osborne was unveiling his Help to Buy Isa to let more aspiring homeowners get a foot on the property ladder. But the announcement of the Lifetime Isa in this year's Budget, and the introduction of the Personal Savings Allowance – which comes into effect on 6 April – is about to complicate [...]