The UK is not as dependent on Russian money as you think March 24, 2014 IT IS obvious that Russia is a significant source of jobs, trade and investment for the UK. But it is also important not to exaggerate these links: while they matter a lot for a few industries, they are less important overall than some commentators assume. It is entirely untrue that London would collapse without Russian [...]
Londoners selling up for new life in the country boosts Savills August 8, 2014 Londoners swapping life in the capital for a new home in the countryside helped boost sales volumes in the regions and lift profits at property group Savills. The company said a recovery in the markets outside of London helped lift sales volumes by 20 per cent in the first half of the year compared to [...]
What the other papers say this morning – 5 March 2014 March 4, 2014 FINANCIAL TIMES Faith, hope and hedge funds for CoE The Church of England is ramping up the exposure of its £6bn endowment to alternative investments such as hedge funds and private equity in a move that will cement its position as one of the UK’s largest single investors in these types of assets. The Church [...]
Edward Snowden granted another three years of residency by Russia August 7, 2014 US whistleblower and fugitive Edward Snowden has been given an extra three years of residency in Russia, according to his lawyer Anatoly Kurcherena. On 31 May last year, Snowden fled from the US after leaking information about the surveillance and phone-tapping activities of the National Security Agency, of which he was an employee at [...]
Scottish rents rise as estate agents blame tenancy fees ban August 26, 2014 Scottish estate agents are blaming the country’s ban on tenancy fees for a recent rise in rents, indicating that the Labour party may face a similar challenge if it brings in the same rule for the UK after 2015. Your Move, a large network of Scottish estate agencies, argues today that a 2.7 per cent [...]
Grainger hires ex-Segro boss as chairman June 25, 2014 BRITAIN’S largest residential landlord Grainger said yesterday it has lined up the former chief executive of Segro Ian Coull to become chairman. Coull, 64, will join the board as a non-executive director on 23 September and will be put forward as chairman at the annual general meeting in February next year. Robin Broadhurst will step [...]
London house prices to finally cool down as homeowners rush to sell properties August 11, 2014 The frothy London housing market is likely to come off the boil in the months ahead, with owners rushing to sell their properties following the recent surge in prices and buyers increasingly reticent to match the escalating valuations. The number of people looking to sell homes in the capital has climbed by nearly a third, [...]
London needs Crossrail Two but the Treasury doesn’t have to fund it February 9, 2014 IT MIGHT seem absurd to be talking about Crossrail 2 when Crossrail 1 has only just hit the halfway mark. But the uncomfortable truth – and I mean this literally for London’s rail users – is that, as soon as it opens, Crossrail 1 will be full to bursting. We are playing a desperate game [...]
Tech set to help drive London’s rents up a fifth July 14, 2014 Tech-related firms are set to overtake financial services and insurance as London’s biggest employer for the first time in 2018, helping to drive residential rental values as more workers search for a place to live in the capital. According to research released by Savills yesterday, an extra 368,000 people will be working in London in [...]
St Modwen’s profits soar by a third on the back of UK property market recovery July 1, 2014 St Modwen yesterday posted a 32 per cent jump in first-half profit, reflecting the recovery of the UK property market. The developer, which in May submitted its planning application for the £2bn regeneration of New Covent Garden Market – Britain’s largest flower and vegetable market located in Nine Elms – reported pre-tax profits of £51.3m. [...]