UK house prices surpass £270k November 5, 2021 UK house prices have hit a record high as the average property tops £270,000. Annual house price inflation has reached 8.1 per cent, from 7.4 per cent, according to Halifax’s house price index. London has remained the weakest performing area of the UK by quite a stretch. Annual inflation was 0.8 per cent, compared to [...]
Prime London sales hit highest yearly growth since 2015 November 5, 2021 The Prime London sales market has marked the highest annual growth since September 2015, as consumer confidence bounces back. Average prices across central areas including the City of Westminster and the Royal Borough of Kensington and Chelsea increased by 1.2 per cent in the year to October. September was the sixth consecutive month of annual [...]
Estate agent Purplebricks shares topple after drop in supply November 4, 2021 Online estate agent Purplebricks’ shares plummeted following a trading update highlighting a drop in supply in the market. In an update on Thursday, the estate agent said for the six months ended October 31, the market had been “challenging.” Its share price dropped more than 35 per cent on Thursday morning. “New instructions have slowed [...]
Construction industry recovers from eight month low November 4, 2021 The UK’s construction industry confounded market expectations as growth picked up following an eight-month low on the IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI). The sector has been struggling amid global supply chain issues and labour shortages, while demand for building projects has also decreased. The index rose to 54.6 in October from 52.6 [...]
LSE boss: London likely to keep EU clearing role long-term November 3, 2021 The chief executive officer of the London Stock Exchange has said he expects the EU will permit its banks to carry on clearing trades through London. David Schwimmer said the LSE is negotiating with the bloc and clients to resolve the issue of what clearing arrangements should look like in the long-term post-Brexit – one [...]
UK house prices hit new highs with typical home topping £250k November 3, 2021 House prices have hit record highs, with the average property hiking more than £30k since the pandemic struck. Nationwide’s House Price Index was published against a backdrop of the Bank of England being anticipated to raise interest rates in response to rising inflation. The typical UK home has topped a quarter of a million pounds [...]
Scotland says, who needs oil and gas when you have whisky? November 2, 2021 As world leaders and conservationists continue to put more pressure on the use and extraction of fossil fuels to preserve the planet and combat global warming Scotland moves investors swiftly away from this sector to one of its oldest and most prized exports, whisky: Yes, you read correctly whisky, and what’s more surprising is scotch [...]
Dealmakers brace themselves for 2022 surge in UK M&A November 1, 2021 A survey of top dealmakers has revealed widespread conviction that the number of M&A deals in the UK will surge in the next 12 months, driven by an uptick in distressed deals as well as an expected flurry of activity in the TMT sector. After the number of mergers and acquisitions involving UK companies dipped [...]
Golden age of freelance: As trust in our bosses drops, external advisors thrive October 29, 2021 Given the volatile conditions in practically every market since the outbreak of the pandemic, in March of last year, the Covid-19 pandemic has forced most businesses to make decisions fast. In fact, the ongoing pandemic has left 6m UK small businesses and 16m jobs in a precarious position, according to recent data from the London Business School. As a result, many [...]
Green steam vs the big smog: London’s green jobs to double to 600,000 by 2030 – CityAM : CityAM October 29, 2021 The UK’s push for net zero will double the number of green jobs in London to 600,000 by 2030, according to new research. The findings, by WPI Economics and the Institute for Employment Studies and commissioned by Central London Forward, Local London, South London Partnership and West London Alliance, also revealed that the capital’s green [...]