London home buyers down three per cent in fourth quarter of 2016, CML says February 22, 2017 The number of home buyers in London dropped to a four-year low last year, according to new data from the Council of Mortgage Lenders (CML). Home buyers in London borrowed £24.5bn for house purchase, down 0.4 per cent on 2015, and took out 75,800 loans, down seven per cent compared to the year before. The CML [...]
There are 10 buyers for every property, propping up house prices March 21, 2017 Low supply is propping up the housing market as it has been rocked by property tax changes and uncertainty over the UK consumer's spending power. There are now 10 buyers for every property on sale in England and Wales, which Haart estate agents said was a "gap that is set to widen". House prices grew 2.6 per [...]
Interior design marketplace Eporta lands $8m funding from venture capital and angel investors including Guy Hands | City A.M. April 10, 2018 Interior design startup Eporta has nabbed $8m (£5.7m) in funding from an impressive list of venture capital firms and angel investors. London-based Eporta, which acts as a business-to-business marketplace where interior designers and offices can buy furniture from manufacturers directly, pulled in the cash in a series A round led by US firm Canvas Ventures. [...]
London property prices drop by £10,000 in a year as high-end market slumps April 24, 2017 The average price of London property has dropped by nearly £10,000 since this time last year, just as the rest of the country hits a record high. Properties in the capital are now coming to market 1.5 per cent (£9,423) cheaper than a year ago, the biggest fall since May 2009 according to Rightmove’s latest [...]
Dealmaking involving British firms hits highest since the millennium April 23, 2018 A spate of large deals drove the strongest start to the year for British merger and acquisition (M&A) volumes since the millennium, according to new data. M&A activity with UK involvement rose to $274.9bn ((£196.4bn) in the first quarter, its highest since the year 2000, figures from Thomson Reuters shown to City A.M. reveal. Deal [...]
Revealed: Hampshire Trust Bank more than doubles new lending in 2016, after it launches commercial mortgages business March 19, 2017 Hampshire Trust Bank more than doubled the value of the new loans it wrote in 2016, City A.M. can reveal. The challenger bank racked up loan originations of £393m in its 2016 financial year, up 132 per cent compared with £169m at the end of 2015. The boost is partly thanks to the lender launching a commercial mortgages [...]
UK house prices: London property market continues to cool as national average asking price reaches a record high April 16, 2018 The average price of property coming to the London market fell this month as the UK average price reached a record high, according to Rightmove’s house price index. The capital is just one of two regions to see a drop nationally, with prices decreasing by 0.6 per cent this month. The national average asking price [...]
Google announces massive shake-up of its advertising software, scrapping Adwords and Doubleclick June 27, 2018 Google is ditching its Adwords and Doubleclick advertising software brands, in favour of adopting a more streamlined approach for advertisers and sales teams. The changes mean that Google’s advertising effort will now be repositioned into three main brands, reflecting what senior vice president Sridhar Ramaswamy referred to as the change in the way marketers approach [...]
Biggest quarterly fall in London house prices for nine years recorded April 12, 2018 House prices in London declined at their sharpest rate for nine years during the first part of 2018, new data shows. Prices fell by 3.2 per cent in the first three months of the year according to the Halifax House Price Index. The average London house price was £430,759, its lowest since the end of [...]
Inflatable unicorns and flamingoes are the hit of the summer sales, according to John Lewis’ data | City A.M. July 16, 2018 It appears the heat has gone to our heads. Is there no end to the kitsch tiki bars taking over terraces up and down the nation? Will we ever tire of parrots, flamingos and pineapples? Incredibly, kitsch is in this summer and we know that because of cold, hard data. Every week, John Lewis’ best [...]