Jobs, homes, sex and friends: Generation switch and the four ways 25 and 50-year-olds differ July 6, 2015 The difference between those in their 50s and under 25s isn’t just age, wisdom and experience. Those in their early twenties and teens are a generation of serial switchers, whether it’s their career, where they live, or who they’re sleeping with, compared to older generations. Here are four ways they differ. 1. Home sweet home [...]
Budget 2015: Here’s why the Help to Buy Isa is a terrible idea March 18, 2015 One of the more eye-catching announcements in George Osborne's Budget was the unveiling of a "Help to Buy" Isa. Not leaked beforehand, Osborne said first-time buyers will receive a helping hand from the government to get on the property ladder. For every £200 saved by first-time buyers, the taxpayer will chip in another £50. Those who [...]
O2 – Three merger blocked by European Commission May 11, 2016 The European Commission competition regulator has blocked the planned takeover of O2 by Hong Kong’s CK Hutchison. The deal would have seen Telefonica’s O2 merge with Hutchison's UK network Three in a deal valued at £10.25bn. The tie up would have reduced the mobile operators in the UK to three, leaving just Vodafone and BT’s EE to challenge the merged [...]
Why Canning Town’s Rathbone Market is the perfect first-time purchase March 26, 2015 The Rathbone Market development near Canning Town is releasing a collection of new contemporary Shared Ownership homes. The two-bed flats will be on the market for £345,000, with Notting Hill Housing Group offering to sell a share of 40 per cent (£138,000), making it affordable for anyone with a household income of £49,000 or higher. [...]
Oil price: North Dakota Sour worth next to nothing as supply glut bites January 19, 2016 The world is set to drown in oil this year, so it's hardly surprising that at least one buyer is pricing oil around the zero mark. Different types of oil are priced against benchmarks, such as Brent and West Texas Intermediate (WTI), depending on the quality, as well as ease of transportation to a refinery. "It really is the buyers [...]
Slowdown at top and bottom of market hits London house prices March 16, 2015 London property prices fell from February to March, figures released today show. New seller asking prices dropped by 0.4 per cent according to online property market Rightmove. It is the first time in three years that prices have retreated in March. High-end property values saw their asking prices trimmed by 2.6 per cent. Demand [...]
General Election 2015: McCarthy & Stone CEO Clive Fenton wants a retirement housing plan April 15, 2015 ELECTION COUNTDOWN: 21 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. CLIVE FENTON: CEO, MCCARTHY & STONE Every political party claims the chronic housing shortage is critical in the UK, [...]
Death of a unicorn: Inside one of the biggest startup failures of all time – and Powa Technologies boss Dan Wagner’s surprise statement April 18, 2016 Powa Technologies, once valued at more than $1bn making it one of Britain's rare breed of so-called unicorns, collapsed into tech myth earlier this year. In fact, it was one of the most well funded startups in the world to ever fail, according to tech data gurus at CB Insights, after raising multi-millions of pounds worth [...]
Japanese M&A deals in the UK hit $9.5bn last year, boosted by Nikkei’s purchase of the Financial Times February 16, 2016 Nikkei's purchase of the Financial Times helped Japanese acquisitions in the UK reach $9.5bn (£6.6bn) last year, according to new analysis from Deloitte. The figure is the highest level this century and dwarfs the $0.67bn in Japanese UK deals recorded for 2014, the accountancy firm's research shows. Nikkei, Japan's largest media company, announced last July [...]
Government loan guarantee sees higher average deposit April 13, 2015 THE AVERAGE deposit for a house purchase using Help to Buy rose to its highest number for 10 months in February, according to figures released by the Mortgage Advice Bureau yesterday. Buyers using the mortgage guarantee scheme put down an average deposit of £9,936 in February, up by 9.2 per cent from January’s £9,099. It marks [...]