What will Narendra Modi’s election win mean for the Indian economy? May 16, 2014 Widely touted as the pro-growth option in India's most recent election, newly crowned winner Narendra Modi has been celebrated by investors. Indian stocks have jumped on what appears to be a landslide victory, with the BSE Sensex pushing to record highs this morning as it became apparent that the man touted as India's most business [...]
Bellway profits soar as housing market gathers pace March 26, 2014 British housebuilder Bellway has reported a jump in profit before tax of 73 per cent to £103m for the half year ended 31 January 2014 – the highest ever achieved by the group in a first half trading period. Bellway said it had responded to strengthening conditions in the housing market across all regions by [...]
Persimmon to bring forward £1.9bn payout February 25, 2014 PERSIMMON says it will bring forward a £1.9bn payout to shareholders after a strong rebound in the housing market and a surge in customer demand helped the housebuilder to more than double profits last year. The company plans to return 115p per share to shareholders by 2021, but announced plans yesterday to make additional dividend [...]
MPs want more data to be open to the public March 17, 2014 PUBLIC data gathered by the government should be made public whenever possible in the name of transparency, MPs said today. Data sets such as the Postcode Address File that was privatised along with the Royal Mail should be considered a national asset and made freely available, the House of Commons public administration select committee (PASC) [...]
Housebuilders urged to sell to Londoners first March 11, 2014 BORIS Johnson has urged housebuilders and developers to sign up to a new deal to stop giving buyers living abroad the first chance to buy London homes sold before they’re built, in a bid to get more Londoners onto the housing ladder. Speaking at Mipim, the property industry’s annual conference in Cannes yesterday, the London [...]
Selling that Derby dream June 7, 2014 Bill Esdaile speaks to Tattersalls’ Jimmy George about how to sell the best horses in the world WHEN John Magnier raised his hand for the last time for Lot 172 at the Tattersalls October Yearling Sale back in 2012, he did so with today’s date firmly in mind. He’d just paid 525,000 guineas on behalf [...]
Quintain sells Mitre Passage for £17m as disposals reach £500m February 12, 2014 QUINTAIN has sold its 50 per cent stake in Mitre Passage in Greenwich for £17.1m, adding to a string of disposals already made in the last 18 months. The sale to Tristan Capital was announced alongside its interim management statement yesterday, Quintain said it had made £31.6m of disposals in the period from 1 October [...]
Big six told to shell out £400m to customers February 28, 2014 Customers of the big six energy companies may receive hundreds of millions of pounds back, after Ofgem wrote to the companies highlighting the issue, according to the BBC. £400m is thought to be owed due to credit left in customer accounts accumulated over the past six years from moving house or switching suppliers. It's estimated [...]
Boris urges developers to stop offering London homes to foreigners first March 11, 2014 Boris Johnson will urge developers and investors this afternoon to sign up to a new deal to stop giving buyers living abroad the first chance to buy London homes sold before they’re built, in a bid to get more Londoners onto the housing ladder. Speaking at Mipim, the property’s industry annual conference in Cannes, the [...]
Taylor Wimpey announces special dividend on profit jump February 26, 2014 Taylor Wimpey is the latest house builder to report impressive results on the back of a surging housing market. The developer saw profit before tax jump 47.6 per cent last year, to £268.4m. It said it saw a “significant step in both interest levels and sales rates” because of Help to Buy. It said it [...]