Housing fears rise even as risk of crash recedes June 9, 2014 THE BRITISH economy has the lowest risk of a crash than at any time since at least 2008, but house prices are increasingly concerning financial institutions, according to the Bank of England. In the Bank’s latest systemic risk survey, released yesterday, 46 per cent of respondents said that the likelihood of a high-impact event in [...]
London Report: FTSE ends on a high on strong economic data July 2, 2014 Britain’s top share index hit a one-week high yesterday, with upbeat economic data from the US and China improving investor sentiment and boosting cyclical sectors such as banks and miners and carmakers. The FTSE 100 index closed 0.2 per cent firmer at 6,816.37 points, after climbing to a high of 6,829.49, the highest level since [...]
What you need to know before the open May 28, 2014 With the S&P 500 and Dax posting record highs yesterday, today's expected to see a positive open for European markets. With no significant US data, focus will be on German unemployment, which could push the Dax towards to 10,000 level if it continues to come down. Market expectations that the European Central Bank will instigate [...]
In graphs: London house prices no longer the fastest growing in the UK July 28, 2014 The Land Registry has released new data on house prices in England and Wales and the figures show the market is cooling. The average across England and Wales shows that prices are stagnant – showing no change at all. The average selling price for a house in England and Wales during June was £172,011: a zero per [...]
How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
London house prices are now more than double the rest of the UK April 2, 2014 LONDON’S house prices have soared to historic levels, with the gap between prices in the capital and elsewhere in the UK expanding to the widest it has ever been. Figures released by Nationwide yesterday showed that the cost of a typical London home – at £362,699 in March – was over twice as high as [...]
February marks 14 months of rising house prices February 28, 2014 House prices stormed forward in February, marking the 14th month in a row of increases. Prices rose 0.6 per cent in February, according to figures from Nationwide. That takes the average home sale price to £177,846. Year-on-year, they rose 9.4 per cent in the month. Source: Nationwide Robert Gardner, Nationwide’s chief economist says price growth [...]
Britvic ramps up US expansion as sales fizz higher May 21, 2014 BRITVIC said yesterday kids in all US states can now access its Fruit Shoot brand after completing a nationwide distribution deal, as the Robinsons squash-maker reported a 21 per cent jump in first half profits. The company signed a 15-year bottling deal in November with PepsiCo Americas Beverages to expand Fruit Shoot to 41 states [...]
Value of London mortgages rockets 37pc May 28, 2014 Another sign of the surging housing market: the value of mortgages to home buyers in Greater London jumped 37 per cent from a year earlier in the first quarter of this year – to £5.6bn. The figure was actually down 10 per cent from the fourth quarter of 2013 – a seasonal dip impacting lending, [...]