Bovis Homes hails best sales since 1997 float August 19, 2013 BOVIS Homes saw profits and revenues jump in the first half of the year thanks to a pick-up in confidence in the housing market and after selling more profitable family homes in the south of England. The housebuilder yesterday said operating profits increased 50 per cent to £20m in the six months to 30 June, [...]
Bankia turnaround mirrors Spanish recovery October 28, 2013 A QUARTERLY rise in lending income showed yesterday that Spain’s Bankia is on the mend a year after its bailout plunged the country into financial crisis, and added to signs of recovery in the Eurozone’s fourth-largest economy. The news will strengthen the Spanish government’s case that it does not need to extend a €41bn (£35bn) [...]
Osborne in denial over housing bubble September 22, 2013 London house prices are up 10pc in a year. So why does the chancellor say there’s no bubble? CHANCELLOR George Osborne has rejected suggestions that his policies are creating a housing bubble, even as new evidence emerges that prices are soaring in London. In an interview yesterday, Osborne said: “I don’t see the evidence of [...]
Any other business – 07/10 October 6, 2013 On 5 December the NSPCC hosts its flagship City fundraising event, the Great British Chefs’ Dinner. The event is being held at Banqueting House and will raise funds for the charity’s groundbreaking ChildLine Schools Service. The Capitalist will be posing one question a week until 28 October and winners will receive a £50 voucher for [...]
Osborne in denial over housing bubble September 17, 2013 London house prices are up 10pc in a year. So why does the chancellor say there’s no bubble? CHANCELLOR George Osborne has rejected suggestions that his policies are creating a housing bubble, even as new evidence emerges that prices are soaring in London. In an interview yesterday, Osborne said: “I don’t see the evidence of [...]
Sony aims high with goal to sell 5m Playstation 4s before March September 19, 2013 SONY is betting on initial Playstation 4 sales being 40 per cent higher than its last home game console which cost more to build and buy, raising the prospect of a quicker return to help revive its consumer electronics business. The console goes on sale at almost the same time as Microsoft’s Xbox One, and [...]
Demand for houses rises as Help to Buy takes flak September 1, 2013 DEMAND for housing continued to rise through August, as warnings over the sustainability of chancellor George Osborne’s Help to Buy scheme continued to roll in. According to Hometrack data out today, demand continued to rise last month, with 1.1 per cent more buyers registering with agents, and a 0.4 per cent hike in prices from [...]
Elliott Advisors’ earnings rise as firm eyes modest expansion October 3, 2013 LONDON-BASED hedge fund adviser Elliott Advisors UK (EAUK) has said its turnover was steady last year, following several turbulent years in the wake of the financial crisis. EAUK, whose sole client is the activist US hedge fund Elliott Management, said revenues in 2012 fell from £52.6m to £50.7m and profit after tax rose from £1m [...]
Globalisation beckons: UK finally exports more to China than Eire December 12, 2013 SLOWLY but surely, Britain is rebalancing its trade. In October, UK export volumes to EU member states were down by 5.5 per cent, compared to the 2010 average; exports to the rest of the world rose by 16.5 per cent, according to an analysis of the official data by Citigroup. This is beginning to have [...]
Average flat price in England and Wales soars over £250,000 August 12, 2013 THE AVERAGE price of a flat in England and Wales has risen over the quarter of a million pound mark, according to new figures from the Land Registry, with the most expensive flat sold last quarter fetching £13.25m. A flat will now set buyers back an average of £250,101 across England and Wales – just edging [...]