London house prices may be starting to drop October 15, 2014 London house prices could already be falling, according to figures released yesterday by estate agents Haart. Prices in the capital were 3.3 per cent lower in September than in August. However, growth since September 2013 remains high at 19.8 per cent. A similar, but less extreme, trend is seen for prices for the whole UK. [...]
Bank of England backs move for greater powers over mortgage lending as it warns over financial instability posed by housing market October 2, 2014 The Bank of England has warned that the UK housing market represents a continued risk to financial stability, backing government calls for greater powers to cap mortgage lending for homes and buy-to-let properties. The BoE's Financial Policy Committee has come out in support of George Osborne's suggestion, which was initially put forward over the summerand reiterated [...]
UK house prices could fall due to stricter mortgage lending rules October 5, 2014 House prices could fall next year due to stricter rules on mortgage approvals and potential buyers being put off by rate hikes, according to the Centre for Economics and Business Research (CEBR). A combination of rising interest rates and tougher mortgage eligibility could depress demand significantly – enough to cause house price growth to hit [...]
Average London house price is now 30pc higher than 2007 peak July 2, 2014 London's house prices are 30 per cent above their pre-crisis peak, according to new data from Nationwide, which also puts the average house price in the capital at around £400,000. According to Nationwide's House Price Index for June, London house prices have risen over 25 per cent in the last 12 months, as prices nationwide have [...]
What are the most insanely calorific meals in the US? America introduces calorie count rule for restaurants November 25, 2014 Fast food chains in the US including KFC, The Cheesecake Factory and Subway will have to start publishing the calorific content of their food from next year as part of a nationwide attempt to curb the country's obesity epidemic. According to an update of existing rules, which was issued by the Food and Drug [...]
London Underground staff plan 48hr Tube strike from October 14 October 7, 2014 Londoners are set for further Tube chaos next week with London Underground workers due to go on strike for 48 hours over staff cuts and ticket office closures. The strike, which will be held between 9:00pm next Tuesday and 8:59pm on Thursday, coincides with nationwide industrial action from council workers. The Rail, Maritime and Transport [...]
UK property: South east overtakes London as region with fastest-growing house prices October 20, 2014 The south east has overtaken London as the region with the fastest-growing house prices, figures published today show – despite the average asking price in the capital hitting £596,000 in the year to October. According to research by Rightmove and Oxford Economics, prices in the capital grew 9.6 per cent during the period, while [...]
Surprise as UK construction falls by 3.9 per cent in August October 10, 2014 UK construction contracted by 3.9 per cent in August – far worse than the 0.5 per cent expansion predicted by economists. Surprisingly almost no one saw this coming: a Bloomberg poll of analysts predicted a 0.5 per cent rise: 4.4 percentage points too optimistic. Every analyst polled by Bloomberg predicted expansion. As the Office of [...]
Serco share price plummets after profit warning November 10, 2014 Outsourcing firm Serco sent share prices tumbling by almost 33 per cent yesterday, after issuing a profit warning and revealing that it was seeking to raise up to £550m with a rights issue in the first quarter of 2015. The company announced that its forecast profit for 2014 had been reduced by approximately £20m, [...]
London Report: Consumers upbeat as momentum of recovery continues August 25, 2014 THE GFK consumer confidence survey, CBI Distributive Trades Survey and Nationwide house price data are the key economic reports in a quiet end-of-summer week before next week’s slew of rates, statistics and money supply data. Analysts expect consumer confidence to remain high, showing the continuing economic recovery. Today’s results come from Antofagasta, Bunzl, Kentz, Petrofac, [...]